US Earnings Wrap
Wrap of the significant companies over US earnings season
Earnings
Pre-Market Pulse 4th August – Rising yields keep lid on equities as Apple and Amazon beat
Equities remained heavy overnight despite Apple and Amazon beating analysts expectations as long-term yields test levels not seen in 16 years, ahead of tonight’s US employment numbers
Closing Bell 3nd August – Miners weigh down market as Iron ore drops
Investors appear to be giving up hope on promises of Chinese stimulus
AU Earnings Calendar 7th August – 11th August
Confession season is upon us!
A steady flow of ASX listed company earnings is due this week
Who will shine and who will disappoint?
Closing Bell 2nd August – investor Optimism Begins to Dry Up as USD is Downgraded
The endless optimism of the last few months is being questioned as profit taking emerges, is the party over?
Closing Bell 1st August – RBA Leaves Rates Unchanged
The RBA left rates unchanged today at 4.10% while confusingly flagging risks for higher rates.
Closing Bell 31st July – Quiet finish to the month for the ASX
The market was full of hope today, hopes of China stimulus, hopes of the end of the rate cycle and hopes of a soft landing. Will hope win or will reality start to kick in?
Closing Bell 28th July – Long Term Yields Rise on BOJ
Investors predicting hiking cycles are “done” had a rude shock today as Japan widened its Yield Curve Control, sending long term rates higher
Closing Bell 27th July – The fight against inflation is (apparently) over
the fight against inflation is (apparently) over. The ASX200 hit 5-month highs as optimism that central banks are finished with hiking cycles