Over the past few months, the stock has been a great success, with share prices reaching a 52-week high of $224.20, Facebook shares are in the upside zone. This does not mean that the shares of the technology giant cannot fall as the pandemic is spreading and Facebook will report its first-quarter results. But in the long run, Facebook shares are a great buying opportunity at current price levels. Let's look at three reasons for the rise in Facebook stock price. COVID-19 will not last forever. Before the pandemic, the company...
The German GfK Consumer Confidence Survey for May was reported at -23.4. Economists predicted a figure of -1.8. Forex traders can compare this to the German GfK Consumer Confidence Survey for April, which was reported at 2.7. The Preliminary French Markit Manufacturing PMI for April is predicted at 37.5. Forex traders can compare this to the French Markit Manufacturing PMI for March, which was reported at 43.2. The Preliminary French Markit Services PMI for April is predicted at 25.0. Forex traders can compare this to the French Markit...
The Australian Westpac Leading Index for March decreased by 0.84% monthly. Forex traders can compare this to the Australian Westpac Leading Index for February, which decreased by 0.39%. Australian Skilled Vacancies for March decreased by 5.3% monthly. Forex traders can compare this to Australian Skilled Vacancies for February, which decreased by 4.5% monthly. The UK CPI for March is predicted flat at 0.0% monthly, and to increase by 1.5% annualized. Forex traders can compare this to the UK CPI for February, which increased by 0.4% monthly...
On Monday, Alibaba said it intends to invest 200 billion yuan ($28.3 billion) over the next three years in its Alibaba Cloud Unit, which is the biggest cloud service provider in China. Along with the investment in data center infrastructure, Alibaba said the costs would go to investments in areas such as chip development and operating systems. Other likely spending areas include sales, marketing, and development of new cloud services. The statement came two months after Alibaba warned that the COVID-19 outbreak in China would affect sales in...
The UK Jobless Claims Change for March was reported at 12.2K, and the Claimant Count Rate was reported at 3.5%. Economists predicted a figure of 172.5K and 4.0%. Forex traders can compare this to the UK Jobless Claims Change for February, which was reported at 17.3K and to the Claimant Count Rate, which was reported at 3.5%. The UK Employment Change for the tri-monthly period ending in February was reported at 172K, and the ILO Unemployment Rate was reported at 4.0%. Economists predicted a reading of 100K and 3.9%. Forex traders can compare...