Japanese Machine Orders for March decreased by 0.4% monthly and by 0.7% annualized. Economists predicted a decrease of 7.1% and 9.5%. Forex traders can compare this to Japanese Machine Orders for February, which increased by 2.3% monthly, and which decreased 2.4% annualized. The Eurozone Current Account (s.a.) for March was reported at €27.4B, and the Eurozone Current Account (n.s.a) was reported at €40.7B. Forex traders can compare this to the Eurozone Current Account (s.a.) for February, which was reported at €40.2B and to...
Pfizer (PFE) is one of the largest pharmaceutical companies by market assessment. Pfizer shares may soon experience an upswing after signing a Coronavirus vaccine development agreement with BioNTech (BNTX). The two companies signed a partnership agreement on March 17 to develop a vaccine aimed at eliminating Covid-19. Respiratory disease was detected last year in China. Under the terms of the deal, Pfizer and BioNTech will work together on the drug outside China. There was a lot of news about Pfizer's merger. Last summer, the Dow...
The UK Employment Change for the tri-monthly period ending in March was reported at 211K, and the ILO Unemployment Rate was reported at 3.9%. Economists predicted a reading of 50K and 4.4%. Forex traders can compare this to the UK Employment Change for February, which was reported at 172K and to the ILO Unemployment Rate, which was reported at 4.0%. Average Weekly Earnings for the tri-monthly period ending in March increased by 2.4% annualized, and Average Weekly Earnings Excluding Bonuses increased by 2.7% annualized. Economists predicted...
Microsoft MSFT recently agreed to acquire Metaswitch Networks, a company specializing in 5G. The acquisition will strengthen the company's cloud solutions by leveraging the Metaswitch cloud services portfolio, which includes 5G solutions for voice, data, and communications for telecommunications companies. However, the financial terms of the transaction remain secret. Microsoft cloud platform - Azure - will be used to scale and implement Metaswitch software solutions. However, Microsoft said it will continue to support its hybrid and...
The Preliminary Japanese GDP for the first quarter decreased by 0.9% quarterly and by 3.4% annualized. Economists predicted a decrease of 1.2% and 4.6% annualized. Forex traders can compare this to the Japanese GDP for the fourth quarter, which decreased by 1.9% quarterly and by 7.3% annualized. Preliminary Private Consumption for the first quarter decreased by 0.7% quarterly, and Preliminary Business Spending decreased by 0.5% quarterly. Economists predicted a decrease of 1.6% and 1.5%. Forex traders can compare this to Private Consumption...