Economic Updates

Another Big Week on the Earnings Front
July 27, 2020

By Deepta Bolaky  @DeeptaGOMarkets Amid one of the busiest weeks on the earnings front, the remaining of the FAANG companies and some of the leading companies in their respective industries will report their quarterly earnings. Those updates will allow investors to have a broader picture of the impact of the pandemic on US businesses. Big tech...

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Attention on Stimulus Packages: EUR vs USD
July 24, 2020

By Deepta Bolaky  @DeeptaGOMarkets After two challenging quarters driven by the coronavirus crisis, investors were gearing up for a recovery for the second half of the year. Governments and central banks have absorbed nearly all the shocks of the virus on the financial markets by injecting massive liquidity in the economy, keeping credit flowi...

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Tesla and Microsoft Corporate Earnings Results
July 23, 2020

By Deepta Bolaky  @DeeptaGOMarkets Microsoft and Tesla, the two leaders in their respective industries reported their quarterly earnings results on Wednesday after the market closed. Both tech companies reported earnings exceeding expectations but the reaction in the after-hours trading was different altogether. Tesla Inc (TSLA) Tesla, the e...

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Earnings: Banks Reported More Provisions for Bad Debts, Netflix Q3 Subscribers Outlook
July 17, 2020

By Deepta Bolaky  @DeeptaGOMarkets Given the uncertain environment, investors are currently bracing themselves for a gloomy earnings season. The earnings season kicked off with big banks like JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs, Bank of America, Morgan Stanley, and tech stock like Netflix. Monday PepsiCo, Inc (PEP) Peps...

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Coming Up This Week: Big Banks and Netflix
July 13, 2020

By Deepta Bolaky  @DeeptaGOMarkets The earnings season will kickstart with big banks like JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs, Bank of America, Morgan Stanley, and tech stock like Netflix. Investors are probably bracing themselves for a gloomy earnings season. It is unlikely that companies will be able to provide guidance fo...

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Melbourne Lockdown: Local Investors Mull Worsening Economic Outlook
July 8, 2020

By Deepta Bolaky  @DeeptaGOMarkets Following the highest number of coronavirus cases in a single day, the Premier of Victoria, Daniel Andrews reinstated “Stay at Home” restrictions across metropolitan Melbourne and Mitchell Shire from 11:59 pm on Wednesday 8 July. The Treasurer warned that the cost of locking down Victoria could be up to $...

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Quarter 3 Outlook: Coronavirus Resurgence May Threaten Recovery
June 30, 2020

By Deepta Bolaky  @DeeptaGOMarkets The Great Lockdown and Grand Reopening The Great Lockdown in the first quarter followed by the Grand Reopening in the second quarter took the financial markets on a wild swing. Given the unprecedented nature of the various forms of lockdowns, global equities have plunged to bear levels in a very fast manner. M...

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The Lockdown, the Fallout and the Roadmap to Recovery
April 30, 2020

By Deepta Bolaky  @DeeptaGOMarkets Global Lockdown In an abrupt and unprecedented manner, the world witnessed a mass halt to global activities due to the pandemic. Governments and central banks rushed in to intervene and support the global economy with unconventional measures to cushion the impact of the coronavirus on their economies and eas...

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A Summary of Major US Earnings Reports
April 24, 2020

By Deepta Bolaky  @DeeptaGOMarkets A Summary of Major US Earnings Reports IBM, Netflix Inc, Snap AT&T, and Intel Corp were among the major large-cap corporations reporting earnings.Even though the pandemic is expected to portrait a dire outlook, earnings results are much awaited to gauge if large companies can muddle through the crisis and ...

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First Quarter: Crisis, Volatility, and Opportunities
March 31, 2020

By Deepta Bolaky  @DeeptaGOMarkets The first quarter of 2020 was marred by unpredicted events that rattled the financial markets: Tensions between US and Iran; The extreme weather conditions across the globe as a result of climate change; The novel coronavirus; and An oil price war between Saudi Arabia, the oil kingdom, and Russi...

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RBA: “QE is not on our Agenda!”
November 29, 2019

By Deepta Bolaky  @DeeptaGOMarkets This year’s Annual Dinner of the Australian Business Economists was probably the most important event before the year ends. In a year that saw the RBA cutting interest rates three times, the speech around “Unconventional Monetary Policy: Some Lessons From Overseas” fueled speculations that the RBA i...

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Is Germany on the Brink of a Technical Recession?
November 12, 2019

By Deepta Bolaky  @DeeptaGOMarkets Is Germany on the Brink of a Technical Recession? Europe’s largest economy and the world’s fourth-largest economy is at risk of going into a technical recession.  Such recession arises after two consecutive quarters of economic decline. In the second quarter of 2019, the German’s economy had contracted ...

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Did China Retaliate with a Currency War?
August 5, 2019

By Deepta Bolaky  @DeeptaGOMarkets A Currency War Did China retaliate with a Currency War? Monday kicked-off with a bang with plenty of big moves in the financial markets. A risk-off sentiment prevails in the markets as dark clouds of trade tariffs resurfaced and are overshadowing the markets. Investors are awaiting for China to retaliate. Ho...

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New UK Prime Minister Labelled “Britain Trump”
July 24, 2019

By Deepta Bolaky  @DeeptaGOMarkets “Britain Trump” Britain has a new Prime Minister and as highly expected, Boris Johnson won the race over his opponent, Jeremy Hunt to become the new Tory leader. It was a convincing win despite the controversial headlines about Boris Johnson. Again as widely expected, we saw a few ministerial resign...

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Back-To-Back Interest Rate Cuts
July 2, 2019

By Deepta Bolaky  @DeeptaGOMarkets Second Rate Cut The Reserve bank of Australia (RBA) cut interest rate by 25 basis points which marks the first back-to-back rate cut since 2012. The RBA also sets the interest rate to a record low at 1%: “Today's decision to lower the cash rate will help make further inroads into the spare capacity i...

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Preview: Non-Farm Payroll Announcement
June 7, 2019

It’s a new month which means the latest Non-Farm Payroll figures will be released this week by the Bureau of Labor Statistics. The latest data will be released at 13:30 PM London time on Friday. Why is the announcement important? Non-farm payroll is one of the most closely watched indicators and is considered the most wide-ranging measu...

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Preview: Non-Farm Payroll Announcement
May 3, 2019

It’s a new month which means the latest Non-Farm Payroll figures will be released this week by the Bureau of Labor Statistics. The latest US jobs data will be released at 13:30 PM London time on Friday. Why is the announcement important? Non-farm payroll is one of the most closely watched indicators and is considered the most wide-rangi...

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US–China Trade Gap at Record High
March 7, 2019

By Deepta Bolaky  @DeeptaGOMarkets US-China Trade Gap at Record High Trade Deficit a Decade High- Was a Trade War Worth it? The Trade Deficit reported mid-week surprised the markets as it climbed to a decade-high. We also note that the US-China trade gap has reached a record high. It is worth thinking whether President Trump did the right ...

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Australian Housing Market
March 6, 2019

By Deepta Bolaky  @DeeptaGOMarkets "Australians watch housing markets carefully, perhaps more so than citizens of any other country." Speaking at the Australian Financial Review’s annual business summit, RBA Governor Philip Lowe talked about the Housing Market and the Economy. The Governor spoke about: The current state of the housin...

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National Emergency
February 18, 2019

 By Deepta Bolaky President Donald Trump has declared a national emergency over the US-Mexico border swiftly after the spending bill was approved. It is not the first national emergency the US will face. Other situations of emergency were triggered by former Presidents like Barack Obama or George W Bush, but it was primarily for purposes of...

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