Source: PaxForex Premium Analytics Portal, Fundamental Insight Two Boeing (BA) 737 Max customers are fulfilling their orders, but are delaying shipments after the aerospace giant saw a wave of cancellations as the coronavirus has suppressed demand for air travel. Boeing shares reportedly jumped as the hedge fund bought back their debt. Japanese air leasing company SMBC Aviation Capital said it was delaying the delivery of 68 Boeing 737 Max aircraft for four years until 2025-2027. The company told Reuters that it does not expect...
The Australian Trade Balance for April was reported at A$8,800M. Economists predicted a figure of A$7,500M. Forex traders can compare this to the Australian Trade Balance for March, which was reported at A$10,602M. Australian Retail Sales for April decreased by 17.7% monthly. Economists predicted a decrease of 17.9% monthly. Forex traders can compare this to Australian Retail Sales for March, which increased by 8.5% monthly. Eurozone Retail Sales for April are predicted to decrease by 15.0% monthly and by 22.3% annualized. Forex traders can...
The Swiss GDP for the first quarter decreased by 2.6% quarterly and by 1.3% annualized. Economists predicted a decrease of 2.0 % and 0.9%. Forex traders can compare this to the Swiss GDP for the fourth quarter, which increased by 0.3% quarterly and by 1.6% annualized. The US ADP Employment Change for May is predicted at -9,000K. Forex traders can compare this to the US ADP Employment Change for April, which was reported at -20,236K. The US Final Markit Services PMI for May is predicted at 36.9, and the US Final Markit Composite PMI is...
Chevron Corp (CVX) intends to reduce its workforce by 10 to 15% worldwide as part of the restructuring being carried out by the second-largest U.S. oil company. It will be the largest workforce reduction among global oil companies since the COVID-19 pandemic. Earlier, the company reported a 30% spending cut in 2020 and optional job cuts amid falling oil prices this year and lower demand for oil and gas due to the pandemic. Chevron was one of the first companies to implement significant budget cuts due to the fall in demand for oil. The...
Australian Inventories for the first quarter decreased by 1.2% quarterly, and Australian Company Operating Profits increased by 1.1% quarterly. Economists predicted a decrease of 0.7% and 3.5%. Forex traders can compare this to Australian Inventories for the fourth quarter, which increased by 0.3% quarterly and to Australian Company Operating Profits, which decreased by 3.5% quarterly. Company Pre-Tax Profits for the first quarter decreased by 16.2% quarterly. Forex traders can compare this to Company Pre-Tax Profits for the fourth quarter,...