Source: PaxForex Premium Analytics Portal, Fundamental Insight Oracle's shares have shown a relatively subdued performance compared to the broader market over the past year, recording a modest 25% increase, while the Nasdaq-100 Technology Sector index, dominated by tech stocks, has surged by almost 45%. Despite this, the company, known for its database and cloud services, has recently gained attention due to its foray into artificial intelligence (AI). The spotlight on Oracle intensified following the release of its fiscal 2024 third-...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Chinese 1-Year Loan Prime Rate for April was reported at 3.45%, and the Chinese 5-Year Loan Prime Rate at 3.95%. Economists predicted a figure of 3.45% and 3.95%. Forex traders can compare this to the previous Chinese 1-Year Loan Prime Rate for March, reported at 3.45%, and the Chinese 5-Year Loan Prime Rate reported at 3.95%. New Zealand Credit Card Spending for March decreased by 1.4% annualized. Forex traders can compare this to New Zealand Credit Card Spending for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight ExxonMobil surged to an intraday all-time high of $123.75 per share on April 12, marking a significant milestone for the oil giant. While it has experienced a slight pullback since then, Exxon continues to demonstrate substantial gains for the year, more than doubling in value over the past three years. With a current market capitalization of $474 billion, Exxon is on the brink of achieving a remarkable milestone as it inches closer to becoming the first half-trillion-dollar...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japanese National CPI for March increased by 0.2% monthly and 2.7% annualized. Forex traders can compare this to the Japanese National CPI for February, which was flat at 0.0% monthly and rose by 2.8% annualized. The Japanese National Core CPI for March increased 0.3% monthly and 2.6% annualized. Forex traders can compare this to the Japanese National Core CPI for February, which was flat at 0.0% monthly and increased by 2.8% annualized. UK Retail Sales for March was at 0.0...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Earlier this week, Bank of America released its first-quarter earnings report, unveiling several notable points. Despite surpassing analyst expectations, the bank's stock experienced a decline following the report. Let's delve into the key metrics and their potential significance: Net Interest Income Faces Pressure Bank of America's net interest income (NII) witnessed a 3% decline in the quarter, totaling $14.2 billion on a fully taxable equivalent basis, down...