Next Week’s Earnings Report Preview (4 – 8 December, 2017)

This week’s announcements

Tiffany & Co. beat expectations with its third-quarter report on Wednesday.

The luxury jewellery company announced net income of $100,2 m or 80 cents on a per share basis. Thanks to the 3% increase in sales, the revenue during the third quarter reached &976,2 m. Wall Street analysts had expected revenue of 960 m and profits of 76 cents per share.

Shares price has grown 21% since the beginning of the year.

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Weekly Overview (27 November – 1 December, 2017): Euro rides on strong data from Germany

Last week the Euro was again on the rise, breaking the 1.19 level against the Greenback. Positive data from Germany and France helped its hike as Manufacturing and Services PMI were reported above expectations. At the end of the week, German Ifo Business climate optimistic figures allowed the EUR/USD to close at 1.19306 – its highest quote since the end of September.

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