Many companies' income reports are expected this week, and economic statistics will provide detailed information on the impact of COVID-19 and quarantine measures on the economy. Investors' attention will be focused on coronavirus-related events and how quickly companies can resume their operations. This week 20% of S&P 500 companies will report on their results for the first quarter. Also, important economic statistics are expected to be published this week, such as Unemployment insurance initial claims, orders for durable...
The Japanese Trade Balance for March was reported at ¥4.9B. Economists predicted a figure of ¥459.9B. Forex traders can compare this to the Japanese Trade Balance for February, which was reported at -¥1,108.8B. The Japanese Adjusted Trade Balance for March was reported at -¥190.0B. Economists predicted a figure of -¥115.0B. Forex traders can compare this to the Japanese Adjusted Trade Balance for February, which was reported at ¥492.2B. Exports for March decreased by 11.7% annualized and Imports decreased by 5.0%...
JPMorgan Chase is the largest American bank by market value. Markets see it as a window into US consumer spending and corporate sentiment. When JPMorgan CEO Jamie Dimon tells his thoughts on the economy or broadcasts his complaints about the rules, investors listen to his opinion. After JPMorgan shares reached record highs, they sank lower as markets are looking for the impact of the coronavirus outbreak on the global economy. Despite its reputation, JPMorgan shares have mostly followed the S&P 500 since 1986. More pressing issues...
The Japanese Tertiary Industry Index for February decreased by 0.5% monthly. Economists predicted a decrease of 0.6% monthly. Forex traders can compare this to the Japanese Tertiary Industry Index for January, which increased by 0.3% monthly. The Eurozone CPI for March is predicted to increase by 0.5% monthly and by 0.7% annualized. Forex traders can compare this to the previous Eurozone CPI for March, which increased by 0.5% monthly and 0.7% annualized. The Final Eurozone Core CPI for March is predicted to increase by 1.1% monthly and by...
The first-quarter earnings season continues and Goldman Sachs has published the results of the first quarter. Unlike most other large banks, which see no profit from the massive increase in losses, Goldman's business is doing quite well. Goldman's profit of $3.11 per share for the quarter fell by about 55% year on year. It is worth noting, however, that the decline in the bank's profitability was quite mild compared to some of its competitors - Goldman's net profit dropped 46% YoY, while JPMorgan Chase and Wells Fargo's...