Source: PaxForex Premium Analytics Portal, Fundamental Insight Walt Disney has experienced a rollercoaster year in 2024. The media giant's shares surged early on, peaking in March with a 37% increase, making it the top performer among the Dow Jones Industrial Average components. However, Disney no longer holds that title. Despite lagging behind the market for three consecutive years, it initially appeared that Disney was finally rewarding its shareholders. Yet, the stock's performance has waned, and it now trades only 6% higher,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for June came in at NZ$699M monthly and at -NZ$9,400M annualized. Forex traders can compare this to the New Zealand Trade Balance for May, reported at NZ$54M monthly and -NZ$10,210M annualized. Exports for June came in at NZ$6.17B and Imports at NZ$5.47B. Forex traders can compare this to Exports for May, reported at NZ$7.00B, and Imports, reported at NZ$6.94B. The Chinese 1-Year Loan Prime Rate for May was reported at 3.35%, and the Chinese 5-Year...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bank of America's stock experienced a significant surge after releasing its latest quarterly earnings report. The megabank exceeded expectations, benefiting from a resilient economy and better credit conditions. The stock has risen an impressive 31% this year, reaching its highest point since early 2022. While the positive news is encouraging, the question remains whether this momentum can sustain the rally in Bank of America's stock. Here’s what investors should...
Source: PaxForex Premium Analytics Portal, Fundamental Insight UK GfK Consumer Confidence for July came in at -13. Economists predicted a figure of -12. Forex traders can compare this to UK GfK Consumer Confidence for June, reported at -14. UK Retail Sales for June are predicted to decrease by 0.6% monthly and rise by 0.2% annualized. Forex traders can compare this to UK Retail Sales for May, which increased by 2.9% monthly and 1.3% annualized. UK Core Retail Sales for June are predicted to contract by 0.5% monthly and expand by 0.2%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Despite the relative strength across major stock market indices in 2024, Boeing has struggled significantly. By mid-year, shares of the aerospace giant have plunged approximately 30%, positioning it as one of the worst performers in the Dow Jones Industrial Average. The company has faced a combination of poor financial performance and numerous public relations setbacks, indicating a period of extended turbulence. Boeing has been under intense scrutiny within the aviation...