Author: FX
Earnings To Watch: Zumiez (ZUMZ) Reports Q3 Results Tomorrow Clothing and footwear retailer Zumiez (NASDAQ:) will be announcing earnings results tomorrow afternoon. Here’s what investors should know. Last quarter Zumiez reported revenues of $194.4 million, down 11.6% year on year, beating analyst revenue expectations by 2.3%. It was a mixed quarter for the company, with an impressive beat of analysts’ earnings estimates. However, guidance was below for revenue and EPS. Management called out “continued headwinds facing consumer discretionary spending combined with a heightened promotional marketplace”. Is Zumiez buy or sell heading into the earnings? Find out by reading the original…
GBPThe BoE kept interest rates unchanged as expected at the last meeting.The central bank is leaning towards keeping interest rates “higher for longer”, although it keeps a door open for further tightening if inflationary pressures were to be more persistent. The BoE members continue to repeat that they will keep rates high for long enough to get inflation back to target. The latest employment report beat expectations with wage growth remaining at elevated levels. The UK CPI missed expectations across the board, which was a welcome development for the BoE.The UK PMIs last week beat expectations on both the Manufacturing…
Will NZD/JPY make new weekly highs today? We’re checking potential support levels where we can jump in NZD/JPY’s uptrend! Source link
Share: EUR/USD has briefly breached the 1.10 mark. Economists at ING analyze the pair’s outlook. EUR/USD has good intra-day support at the 1.0965 area For today, the focus will be on German CPI – expected to slow to 3.5% from 3.8% year-on-year and presage a softer Eurozone inflation release on Thursday. EUR/USD has nudged above 1.10 and now has good intra-day support at the 1.0965 area. Unless we see massive upside revisions to 3Q23 US GDP data today, we doubt EUR/USD needs to come a lot lower. And 1.0965-1.1065 could well be the holding pattern into Thursday’s US…
Fluence Energy reports earnings that beats top and bottom line estimates; initiates FY24 outlook Source link
© Reuters. FILE PHOTO: A security guard walks out of the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China February 9, 2018. REUTERS/Aly Song/File Photo By Jason Xue and Tom Westbrook (Reuters) – Chinese stock investors are ploughing money into exchange-traded funds (ETFs) this year at the fastest pace on record as they choose to play a languid stock market passively and wait for it to trough. The trend has also caught on as active fund managers in China struggle to make money and as Beijing uses ETFs to support stock markets and channel funding into…
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This article examines the technical outlook for gold and the Nasdaq 100, analyzing key price levels that, if breached, could precipitate outsize directional moves. Source link
Share: Australia’s monthly Consumer Price Index (CPI) eased to 4.9% in the year to October 2023, as against the annual increase of 5.6% seen in September, the Australian Bureau of Statistics reported on Wednesday.The market had expected an increase of 5.2% in the reported period. Market reaction At the time of press, the AUD/USD pair was down 0.05% on the day at 0.6641. About Australian CPI The Monthly Consumer Price Index (CPI), released by the Australian Bureau of Statistics on a monthly basis, measures the changes in the price of a fixed basket of goods and services acquired by household consumers. The indicator was developed…
Realty Income prices two-part offering of £750M UK notes Source link