Tesla (TSLA.US) will release its Q1’2023’19 results today after the trading session, reporting on a quarter in which the company recorded a record number of deliveries. The market consensus is for Tesla’s revenue to reach $23.54 billion. This would represent year-over-year growth of approximately 24%. Market expectations in terms of EPS are for $0.87 per share. Tesla […]
On Wednesday in morning trading hours Bitcoin and other cryptocurrencies plummeted below significant levels. Despite a strong decline in prices no fundamental information was released to the public. Drop occurred in 20 minutes and led to the liquidation of over $25 million worth of BTC futures long positions. BTC fell below $30k level and ETH […]
The British pound is the best performing currency in the broad FX market at the moment. The EURGBP pair is trading close to 0.35% down today, triggered by a strong UK CPI reading. The UK’s March CPI inflation reading came in at 10.1% YoY against a forecast of 9.8% and the previous reading of 10.4%. […]
The futures market is pointing to a slightly lower opening to the European cash session. The mood in Europe was spoiled in the morning by the UK CPI inflation reading, which surprised with a higher-than-expected headline CPI reading and a core CPI reading in line with expectations. The high inflation in the UK has further […]
UK CPI (M/M) Mar: 0.8% (est 0.5%; prev 1.1%) – UK CPI (Y/Y) Mar: 10.1% (est 9.8%; prev 10.4%) – UK CPI Core (M/M) Mar: 0.9% (est 0.6%; prev 1.2%) – UK CPI Core (Y/Y) Mar: 6.2% (est 6.0%; prev 6.2%) Details of today’s inflation report. High UK inflation is largely driven by food prices. […]
Wall Street indices ended yesterday’s session in mixed sentiment. Stocks showed volatility as traders analyzed the latest bank results and statements from two Federal Reserve members who favored rate hikes at the upcoming meeting to combat high inflation. The S&P 500 ended 0.09% higher on the day. The Dow Jones lost 0.03% and the Russell 2000 […]
1:30 pm BST – US housing market data for March. The US housing starts and permits for future construction stabilizes in March. Housing starts came higher than expected and building permits lower than expected. Both data came lower compared to the previous month. Even though, housing market is still stabilizing after being crushed by higher mortgage rates. […]
1:30 pm BST – Canada, CPI inflation for March. Actual: +4.3% YoY. Expected: 4.3% YoY. Previous: 5.2% YoY – CPI Core (Y/Y) Mar: 4.3% (exp 4.4%; prev 4.7%) Inflation in Canada is slowing but not letting up, as the monthly core inflation index in particular shows. This may be a guideline for the US in terms […]
After the US session closes, streaming giant Netflix (NFLX.US) will present its Q1 results. In addition to the report itself, investors will pay attention to subscribers, advertising revenue and efforts to end password sharing on the platform. The results can also be seen as an indicator of overall consumer sentiment and the health of other streaming and […]
The German leading index is recovering slightly today. W1 chart The DAX future / DE30 is trading slightly in the red for the week. A new breakout attempt above the high at 15,815 points would bring the record high closer – the gap is less than 4%. In the event of a correction, the intermediate high at […]
