Google stocks dropped by about 14%, which is comparable to a record-breaking drop in history, as measures taken in response to the spread of COVID-19 are slowing the economy around the world. Google-parent Alphabet (GOOGL) reported mixed revenues for the first quarter as digital advertising growth slowed. Management's comments on the company's revenue have led some analysts to be optimistic about the quarterly report to be released in June. In March, Google acquired $8.5 billion of its shares, compared to $6.1 billion in the...
Singapore Retail Sales for March decreased by 1.3% monthly and by 13.3% annualized. Forex traders can compare this to Singapore Retail Sales for February, which decreased by 8.4% monthly and 8.4% annualized. The US Trade Balance for March is predicted at -$44.0B. Forex traders can compare this to the US Trade Balance for February, which was reported at -$39.9B. The US Final Markit Services PMI for April is predicted at 27.0, and the US Final Markit Composite PMI is predicted at 27.4. Forex traders can compare this to the US Markit Services...
The main focus of investors will be on the April report on employment in the United States of America. Analysts think that the figures for these statistics will be quite low due to massive layoffs because of measures taken to curb the spread of coronavirus. Also, investors will observe the dynamics of the weakening of quarantine measures in some states of America and the EU and how the number of newly infected citizens and economic progress will react to this. On Thursday, the Bank of England is expected to hold a meeting on its policy and...
The Spanish Markit Services PMI for April was reported at 30.8. Economists predicted a figure of 34.0. Forex traders can compare this to the Spanish Markit Services PMI for March, which was reported at 45.7. The Italian Markit/ADACI Manufacturing PMI for April was reported at 31.1. Economists predicted a figure of 30.0. Forex traders can compare this to the Italian Markit/ADACI Manufacturing PMI for March, which was reported at 40.3. The Final French Markit Manufacturing PMI for April was reported at 31.5. Economists predicted a figure of 31...
Boeing (BA) revenues have disappeared as the 737 MAX supply and production has been suspended while coronavirus is negatively affecting air travel. Investors should pay attention to the aerospace giant's fundamentals. The company reported how it plans to enter a survival mode with thousands of layoffs, deep cuts in aircraft production, billions of dollars of new liquidity, and cash-saving measures such as indefinite suspension of dividends and share buyback. According to analysts` Stock Checkup, Boeing's earnings per share have...