Economic Updates

Economic Updates

Electric cars, space travel… and Twitter – Elon Musk becomes the largest shareholder

On 25th March, Elon Musk asked his 80.6 million followers on Twitter whether ''free speech is essential to a functioning democracy'' and if people ''believe Twitter rigorously adheres to this principle''. He followed up the tweet with ''The consequences of this poll will be important. Please vote carefully'' and he wasn’t joking… ...

April 6, 2022
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Tesla Q1 delivery update

Tesla Inc. reported its Q1 2022 delivery numbers on Saturday. World’s largest automaker delivered a total of 310,048 cars in the first quarter of the year – a 67% increase year-over-year. The deliveries in Q1 consisted of: 14,724 Model S/X 295,324 Model 3/Y The company produced a total of 305,407 vehicles in Q1 – a 69% increa...

April 5, 2022
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Home Depot tops expectations

Home Depot Inc. reported its fourth quarter earnings results before the opening bell in the US today. The world’s largest home improvement retailer reported total revenue of $35.719 billion for the quarter, beating analyst forecasts of $34.88 billion. Earnings per share was also slightly above analyst estimate at $3.21 per share vs. $3.18 p...

February 23, 2022
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Pfizer Q4 results announced

Pfizer Inc. (PFE) reported its Q4 financial results before the market open on Wall Street on Tuesday. The world’s third largest pharmaceutical company reported total revenue of $23.838 billion in the previous quarter (105% increase from the same period in 2020), falling short of analyst forecast of $24.157 billion. Earnings per share report...

February 9, 2022
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Nike latest numbers are in

Nike Inc. (NKE) reported its fiscal 2022 financial results for its second quarter ended November 30, 2021. Let’s take a closer look at the numbers. The US sporting goods company reported revenue of $11.36 billion in the quarter (up by 1% from the same period last year) vs. $11.25 billion expected. Earnings per share was at $0.83 a share (up...

December 22, 2021
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Equity and FX markets whipsaw between risk on and risk off

In August equities and risk currencies dipped as fears of slowing global growth, rising Delta strain cases and tapering of loose monetary policy from central banks saw the markets switch to risk off mode. With some milder inflation figures from the US and central banks seemingly backing off imminent taper talk for now, we did see risk on return in ...

August 30, 2021
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XPeng tops earnings expectations for Q2

XPeng reported its Q2 financial results before the opening bell on Thursday, beating analyst expectations. Let’s take a closer look at the numbers. The company reported total revenue of $582.50 million in the second quarter, above analyst forecasts of $515.55 million. The total revenue was up by 536.7% from the same period last year and 27.5% ...

August 27, 2021
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Salesforce Q2 numbers are in

Salesforce released its latest earnings numbers for Q2 after the closing bell on Wednesday. The cloud-based software company reported total revenue of $6.34 billion in the second quarter of the year, beating analyst forecast of $6.24 billion. The total revenue grew by 23% year-over-year. Earnings per share were reported at $1.48 per share, also ...

August 26, 2021
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General Motors Q2 results announced

General Motors Q2 results announced General Motors released their second quarter earnings report before Wednesday’s opening bell. The company reported total revenue of $34.17 billion in the second quarter vs. $30.9 billion expected. Earnings per share are reported at $1.97 per share, below analyst forecasts of $2.23. In a letter to share...

August 6, 2021
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Preview: Non-Farm Payroll Announcement

Preview: Non-Farm Payroll Announcement It’s the beginning of a new month which means that the Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. Why is the announcement important? Non-Farm Payroll is one of the most closely w...

August 6, 2021
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NIO truly delivers in July

NIO reported its latest delivery numbers for last month on Monday. The ‘Chinese Tesla’ delivered a total of 7,931 vehicles last month – a 124.5% year-on-year increase. About NIO NIO is a Chinese electric car manufacturer founded in 2014 by William Li, a Chinese business executive and entrepreneur. Its headquarters are based in Shanghai,...

August 4, 2021
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US, AUS equities hit all-time highs as central banks remain dovish on back of Delta strain worries.

July was the month we saw the inflation narrative take a back seat to concerns global growth could take a hit from the resurgent COVID Delta strain. Last month’s fears of central banks tapering asset purchases have been put to one side, as investors see dovish signals and comments from central bank heads, driving equity prices up and bond yields ...

August 2, 2021
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Facebook Q2 numbers top expectations

The world's sixth-largest company, Facebook, reported its latest financial results for the second quarter after the closing bell on Wednesday – beating Wall Street expectations. The company reported total revenue of $29.08 billion (56% increase year-on-year) in the previous quarter, beating analyst forecasts of $27.89 billion. Earnings per sha...

July 29, 2021
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Tesla reports positively charged Q2 results

This week is set to be another busy one in the United States with some of the world’s largest companies including Apple, Microsoft, Alphabet and Facebook set to release Q2 financial results. First up, it’s Tesla: the world’s largest electric vehicle maker reported their Q2 numbers after Monday’s closing bell. Tesla posted solid numbers i...

July 27, 2021
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Coca-Cola, Johnson & Johnson and Verizon Q2 results are in

The earnings season in the US is heating up. On Wednesday – Coca-Cola, Johnson & Johnson and Verizon reported their Q2 earnings before the market open. Let’s take a closer look at the numbers. Coca-Cola The Coca-Cola company posted solid numbers in the second quarter of the year, beating analyst forecasts. The total revenue came in at...

July 22, 2021
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