07 May

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China’s export growth unexpectedly speeds up in April By Reuters

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BEIJING (Reuters) - China's exports growth unexpectedly accelerated in April as the brisk U.S. recovery and stalled factory production in other countries hit by coronavirus propped up demand for goods made in the world's second-largest economy. Exports in dollar terms surged 32.3% from a year earlier to $263.92 billion, China's General Administration of Customs said on Friday, beating analysts' forecast of 24.1% and the 30.6% growth reported in March. "China's export growth again surprised on the upside," said Zhiwei Zhang, chief economist at Pinpoint Asset Management, adding that two factors - the booming U.S. economy and...

07 May

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China Signals Wealth Connect With Hong Kong Nears Kick Off By Bloomberg

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(Bloomberg) -- China issued rules for public comment on Wealth Connect, marking a big step forward for the program that will allow investments across the border between Hong Kong and the nation’s increasingly affluent southern region. The People’s Bank of China released a detailed set of instructions for public comment late Thursday, posting a May 21 deadline for feedback. As revealed earlier by Hong Kong authorities, the program for individual investors will have a 150 billion yuan ($23 billion) cap in each direction, according to the draft rules. Mainland investors with at least 2 years...

07 May

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China’s Trade Surges on Strong Global Demand, Commodity Boom By Bloomberg

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(Bloomberg) -- China’s exports rose more than expected in April and imports climbed, reflecting strong domestic and international demand and surging commodity prices. Exports grew 32.3% in dollar terms in April from a year earlier, while imports soared 43.1%, the customs administration said Friday. That left a trade surplus of $42.85 billion for the month. Economists had forecast that exports would increase by 24.1% while imports would gain by 44%. Key Insights Global appetite for Chinese goods remained strong in the month, thanks to stimulus packages introduced by developed economies and reliance on...

07 May

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Expedia Earnings, Revenue beat in Q1 By Investing.com

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Expedia reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Expedia announced earnings per share of $-2.02 on revenue of $1.25B. Analysts polled by Investing.com anticipated EPS of $-2.3 on revenue of $1.11B. Expedia shares are up 24.52% from the beginning of the year and are trading at $164.87 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.78% from the start of the year. Expedia follows other major Services sector earnings this month Expedia's report follows an earnings beat by Amazon.com on April 29, who...

07 May

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Dollar on backfoot ahead of U.S. jobs data By Reuters

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By Hideyuki Sano TOKYO (Reuters) - The dollar stayed under modest pressure on Friday ahead of a key U.S. jobs report that could cement expectations of a strong economic recovery and fan investor appetite for stocks, higher-yielding currencies and commodities. The dollar's index against six other major currencies stood near its lowest level so far this week, at 90.868, having lost about 0.4% overnight. As the dollar is softer against most currencies, the euro outshone many others, having gained 0.5% on Thursday to trade at $1.2063. Against the yen, the dollar dipped to 109.05 yen, almost...

07 May

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Dow Closes at Record High as Cyclicals Rally Ahead of April Jobs Report By Investing.com

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By Yasin Ebrahim Investing.com – The Dow closed at record highs Thursday as cyclicals continued to ride economic optimism after jobless claims fell sharply, while tech cut losses into the close ahead of the April jobs report due Friday. The Dow Jones Industrial Average rose 0.92%, or 141 points, and had hit an intraday record of 34,546.10, the S&P 500 was up 0.81%, and the Nasdaq Composite was up 0.37%. The number of people filing for unemployment dropped by 92,000 to 498,000 people in the week ended May 1, topping economists' forecast for a drop to...

07 May

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Military coup puts Telenor’s future in Myanmar on the line By Reuters

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By Victoria Klesty, Gwladys Fouche and John Geddie OSLO (Reuters) - Since Myanmar's military ordered telecoms operators to shut their networks in an effort to end protests against its February coup, Telenor's business there has been in limbo. As one of the few Western companies to bet on the South East Asian country after it emerged from military dictatorship a decade ago, the return to army rule led to a $783 million write-off this week for Norway's Telenor. The Norwegian state-controlled firm, one of the biggest foreign investors in Myanmar, must now decide whether to...

07 May

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Global stocks rally into U.S. jobs report amid surging commodity prices By Reuters

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By Kevin Buckland TOKYO (Reuters) - Global stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back on monetary stimulus. MSCI's benchmark for global equity markets, which tracks stocks in 50 countries, edged up about 0.1%, on course for a 0.4% gain this week. Its broadest index of Asia-Pacific shares outside Japan ticked up by about 0.4% on Friday, with China's blue chips and Japan's Nikkei each...

07 May

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Monster Beverage Earnings miss, Revenue beats In Q1 By Investing.com

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Monster Beverage (NASDAQ:MNST) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations. Monster Beverage announced earnings per share of $0.59 on revenue of $1.24B. Analysts polled by Investing.com anticipated EPS of $0.6125 on revenue of $1.22B. Monster Beverage shares are up 10% from the beginning of the year and are trading at $93.20 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11.85% from the start of the year. Monster Beverage shares lost 1.98% in after-hours trade the report. Monster Beverage follows other major Consumer/Non-Cyclical...

07 May

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Peloton Beats in Q3; Eyed for Guidance After Recall Saga By Investing.com

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By Yasin Ebrahim Peloton reported Thursday a narrower fiscal third-quarter loss as the exercise bike company made progress on cutting down wait times for its products amid supply chain constrains. Peloton Interactive (NASDAQ:PTON) (NASDAQ:PTON) was flat in after-market trading. Peloton posted a loss per share of 3 cents on revenue of $1.26 billion, topping estimates for a 13 cent per share loss on revenue of $1.12 billion. Gross profit in Q3 was $444.9 million and 35.2% of revenue, representing 81% year-over-year growth Connected fitness subscriptions grew 135% to over 2.08 million in the quarter, topping guidance...

Меню

China’s export growth unexpectedly speeds up in April By Reuters

China Signals Wealth Connect With Hong Kong Nears Kick Off By Bloomberg

China’s Trade Surges on Strong Global Demand, Commodity Boom By Bloomberg

Expedia Earnings, Revenue beat in Q1 By Investing.com

Dollar on backfoot ahead of U.S. jobs data By Reuters

Dow Closes at Record High as Cyclicals Rally Ahead of April Jobs Report By Investing.com

Military coup puts Telenor’s future in Myanmar on the line By Reuters

Global stocks rally into U.S. jobs report amid surging commodity prices By Reuters

Monster Beverage Earnings miss, Revenue beats In Q1 By Investing.com

Peloton Beats in Q3; Eyed for Guidance After Recall Saga By Investing.com

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