Unbothered in the least by the scorching August heat, the global markets are set to reach peak performance next week. Top events include detailed GDP m/m report from Canada, Monetary Policy Statement from Japan, FOMC Statement from the US, speech by Bank of England’s Gov Carney and more.
We would like to remind you that effective from 29 July 2018, DF Markets will start implementing the European Securities and Markets Authority’s (ESMA) restrictions related to spread betting and contracts for difference (CFD) trading, which aim to provide greater protection to Retail Clients.
Weekly Overview (16 – 20 July 2018): Trump faces US Justice Department investigation after openly siding with Putin
Last Monday, US president Donald Trump and Russian president Vladimir Putin held a meeting in Helsinki, Finland. The meeting went great as far as Trump’s personal interests were concerned. For the people of the United States, it was a disaster.
- eBay Inc posted $2.64 billion in revenue for the second quarter of 2018
- IBM’s earnings per share for Q2 slightly topped Wall Street forecasts
- Dominos Pizza boasted an impressive global retail sales growth of 12.6%
- Bank of America Corp returned $6.2 billion to shareholders in Q2
- Next week reporting Intel Corp, Twitter Inc, Starbucks Corp, and more
An ECB Press Conference, a CPI quarter over quarter report from Australia, and an advance GDP quarter over quarter report from USA are just some of the many significant events that next week promises to bring. Take a look at the full list of events below to give yourself enough time to adjust your trading strategy accordingly.
- Netflix’s underwhelming subscriber report for Q2 shocked investors
- Company stock fell by 13% almost immediately following the news
- CEO Reed Hastings expressed positive outlook despite rising rivals
125 million subscribers worldwide. Isn’t that more than enough for a video streaming platform to be considered successful?
Well, not when you are running an ambitious company such as Netflix, and especially not when you severely underdeliver on your subscriber growth forecast and leave your investors feeling confused and with a bitter taste in their mouths.
Weekly Overview (09 – 13 July 2018): the US economy remains steadfast despite ongoing trade war with China
Last Thursday, the Trump administration introduced a list of 10 percent tariffs on $200 billion in Chinese goods. It was also last Thursday, however, when Fed’s Powell gave a reassuring interview, stating that the US economy is still standing tall despite the inhospitable political climate. Here is what he had to say on the matter.
- Fastenal reported а promising net income and EPS that exceeded expectations
- Pepsi flies on the wings of consumer spending with net revenue growth of 2.4%
- Next week reporting Microsoft, Netflix Inc, Goldman Sachs Group Inc and more
The upcoming World Cup final between France and Croatia has everyone biting their toes. Still, traders and investors are advised to keep tabs on the market as next week promises a GDP q/y report from China, a m/m sales report from the UK, a Monetary Policy Meeting Minutes event from Australia, and more.
- Microsoft’s Surface Go tablet is expected to hit store shelves on August 2
- With this gadget, the company aims to rival Apple’s cheaper iPad lineup
- Keyboards and other accessories for the device will be sold separately
Starting from July 10, users will be able to pre-order Microsoft’s latest technological offering, the Surface Go. This presents consumers with two important questions:
- How will this device differ from the company’s very own Surface Pro and,
- Will it hold up against Apple’s meticulously engineered iPad products?