Author: FX
Credicorp GAAP EPS of S/ 17.36, revenue of S/ 4.46B Source link
The BOE decision is lined up this week, and we just might see profit-taking even after they hike rates. If that’s the case, sterling could be poised for a round of weakness against the Kiwi, especially if New Zealand prints a rebound in inflation expectations. Do you think this would be enough to spur a downtrend for GBP/NZD? Before you check out the setup, make sure you know all of last week’s major market movers as well as this week’s potential market catalysts! GBP/NZD 4-hour Forex Chart by TV After seeing another round of stronger-than-expected CPI readings, the U.K. central…
© Reuters. FILE PHOTO: A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023. REUTERS/Issei Kato By Wayne Cole SYDNEY (Reuters) – Asian shares crept higher on Monday as investors braced for a week where U.S. inflation data will test wagers the next move in interest rates will be down, while worries about a possible credit crunch weighed on the dollar. Friday’s robust U.S. payrolls report has already delivered a setback to easing hopes and any upside…
It’s gonna be another busy week in the FX market since we’ve got the BOE decision plus a handful of inflation-related data lined up. Will the U.K. central bank follow through on rate hike expectations? And will upcoming CPI and PPI reports suggest scope for more tightening? Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the economic calendar this week: U.S. inflation reports Things might start heating up for the U.S. dollar midweek, as Uncle Sam is scheduled…
The (Walt Disney)，a diversified international family entertainment and media enterprise founded since 1923, shall release its Q2 2023 earnings result on May 10th (Wednesday), after market close. The company operates via two main segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The former covers the company’s global film, television content production and distribution activities, while the latter encompasses parks and experiences and consumer products. Fig.1: Walt Disney Revenue (in billion US dollars). Source: Statista Walt Disney generated $23.5B revenue in Q1 2023, up 16.67% from the previous quarter, and up 7.75% from the same…
National Australia Bank Business Survey for April 2023Confidence ‘improved’ to flat on the month.Conditions, which is less of a sentiment-driven measure dipped a little to 14 from 16. is still a strong result NAB comments: “Demand is still very strong, as demonstrated by elevated trading conditions, and employment is also holding up reflecting the strength of the labour market,” “Overall, the survey shows the economy remains resilient. We continue to expect consumption growth to slow as the effect of higher rates further impacts in.” Price indications (inflation Inflation Inflation is defined as a quantitative measure of the rate in which…
Share: “Several members said must be vigilant to risk inflation may accelerate more than expected,” as per the March month’s Monetary Policy Meeting Minutes from the Bank of Japan (BoJ). Key statements Members agreed there was very high uncertainty surrounding Japan’s economy. Several members said cost-push price pressure might last longer than expected if global commodity prices rise more than projected. A few members said there were some positive signs towards achieving BoJ price target. A few members said must scrutinize balance of effect, cost of stimulus, but must maintain massive stimulus for now. One member said BoJ…
Douglas Rissing The clock is ticking for a divided U.S. Congress to raise the federal government’s debt ceiling, which currently stands at $31.4T, but risks running out of cash as soon as June 1. Razor-thin margins in Congress are complicating the matter, as only a handful of rejections could derail any deal, and concessions are a lot harder to come by, with extreme flanks enveloping both sides of the debt limit debate. While President Biden has invited House Speaker Kevin McCarthy to a meeting on Tuesday, things can quickly spiral in the danger zone, and is one of three make-or-break…
3/3 © Reuters. Undocumented migrants from Venezuela who were in limbo at Chile-Peru border, stand at the airport while they board a special homecoming flight to Venezuela from Arica airport, Chile May 7, 2023. REUTERS/Alexander Infante 2/3 SANTIAGO (Reuters) -Chile’s government said that 115 Venezuelan migrants who had been stranded on the border with Peru were repatriated to Venezuela on a humanitarian flight Sunday. Hundreds of migrants, mostly Venezuelans seeking to return home, had been stranded in the country’s northern border after being denied entry into Peru. The incident sparked diplomatic tensions as Peru sent police and soldiers to the…
Comments from Vitol head of Asia, Mike Muller, speaking on a webcast over the weekend. On China: “Gasoline demand in China is still pretty good,” … “has surprised on the upside” “The bit missing from the China demand equation is long-haul jet travel, long-haul aviation. I think it’s fair to say globally and in China, domestic air travel is back to pre-pandemic levels if not above in many places but long-haul is not.”More widely:global oil demand is expected to grow in excess of 1.5 milion b/d to 1.6 million b/d this year”People are revising diesel demand down to a point…