Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian AiG Performance of Manufacturing Index for July came in at 52.5. Forex traders can compare this to the Australian AiG Performance of Manufacturing Index for June, reported at 54.0. The Final Australian Markit Manufacturing PMI for July came in at 55.7. Forex traders can compare this to the Australian Markit Manufacturing PMI for June, reported at 56.2. Australian TD Securities Inflation for July increased 1.2% monthly. Forex traders can compare this to Australian...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Shares of Walmart dropped more than $13 a share, or about 10%, in over-the-counter trading Monday after the big retailer released a disappointing report for Q2 and full fiscal year 2023. The news shocked investors, as Walmart doesn't plan to report earnings for that quarter of fiscal 2023 until mid-August. Similarly, Target issued an intra-quarter forecast cut in early June, which caused its stock to plummet. Walmart and Target are not known to publish such meaningful...
Source: PaxForex Premium Analytics Portal, Fundamental Insight French Consumer Spending for June increased by 0.2% monthly. Economists predicted a drop of 0.6%. Forex traders can compare this to French Consumer Spending for May, which rose 0.4% monthly. The German Import Price Index for June is predicted to increase 0.8% monthly and 29.8% annualized. Forex traders can compare this to the German Import Price Index for May, which rose 0.9% monthly and 30.6% annualized. The Preliminary French CPI for July is predicted to expand 0.3%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The stock market decline in 2022 reflected mirrored the decline in the gross domestic product (GDP), a key indicator that measures the value of goods and services produced by an economy. In the first quarter, real GDP (adjusted for inflation) fell 1.6%. Although the economy has not yet officially entered the recessionary territory, it is headed in that direction. The National Association of Home Builders (NAHB) expects real GDP to fall at least 1.5% in the second quarter....
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Nasdaq was down nearly 2 percent Tuesday as e-commerce company Shopify announced a 10 percent layoff to help it deal with lower-than-expected demand for its platform. This spooked investors in tech companies as they wondered what else might be on the horizon this earnings season. Against that backdrop, coupled with an overall tough year for tech stocks, investors were probably hoping for some encouraging news when software giant Microsoft reports earnings Tuesday. Although...
