Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary French Markit Manufacturing PMI for June was reported at 52.1. Economists predicted a reading of 46.0. Forex traders can compare this to the French Markit Manufacturing PMI for May, reported at 40.6. The Preliminary French Markit Services PMI for June was reported at 50.3. Economists predicted a reading of 44.2. Forex traders can compare this to the French Markit Services PMI for May, reported at 31.1. The Preliminary French Markit Composite PMI for June was...
Source: PaxForex Premium Analytics Portal, Technical Insight The political controversy that has gripped Facebook (NASDAQ: FB) in recent weeks does not go unnoticed. In fact, it looks like the situation is getting worse. It's been a few weeks since Facebook employees started protesting against the company's permissive policy, viewing what they see on Facebook like hate speech, threats of violence, and even voter suppression tactics, in some cases from the Trump campaign. Facebook engineers and their colleagues staged a "...
Source: PaxForex Premium Analytics Portal, Fundamental Insight It was a terrible year for the American banking sector. Even before the coronavirus, finances were low. Investors wanted shares to grow and bank revenues didn`t do much of that; the Fed`s low-interest-rate policy was holding back growth. Then the coronavirus pandemic hit and added new problems. Now banks have both a yield problem and a risk problem. There is no clear understanding of how much the economic crisis will hit banks" profits. All this has left Bank of America...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Walmart Inc. has been illegally mishandling opioid painkillers sold through its pharmacies for years, and two pension funds have filed claims for access to internal records of the world's second-largest retail giant. Media reports and information disclosed in mass opioid lawsuits in federal court. It was reported that Walmart failed to comply with laws requiring control of sales of strong painkillers, said in their lawsuits lawyers of the Norfolk County Retirement System and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight UK Retail Sales for May increased by 12.0% monthly and decreased by 13.1% annualized. Economists predicted an increase of 5.7% and a decrease of 17.1%. Forex traders can compare this to UK Retail Sales for April, which decreased by 18.0% monthly and by 22.7% annualized. UK Core Retail Sales for May increased by 10.2% monthly and decreased by 9.8% annualized. Economists predicted an increase of 4.5% and a decrease of 14.4%. Forex traders can compare this to UK Core Retail Sales...