RBNZ Preview: Eight major banks expectations

2020-08-11

  The Reserve Bank of New Zealand (RBNZ) will announce its Interest Rate Decision on 11 June at 02:00 GMT. The market consensus is for the RBNZ to stay on hold and to expand the size of the Large-Scale Asset Purchase (LSAP) from the current NZD 60 billion. Here areRead More →

Fed Beige Book says contacts report ‘solid’ holiday sales and have ‘modestly favorable’ expectations about 2020

2020-01-15

Getty Images People with shopping bags walk down the sidewalk during the Christmas holiday season last month. The outlook: Economic activity continued to expand “modestly” over the last six weeks of 2019, according to the Federal Reserve’s Beige Book, released Wednesday. Two districts: Richmond and Dallas, reported growth at above-averageRead More →

Credit Suisse profit soars and beats expectations

2019-10-30

Editor’s note: A previous version of this report misstated analysts’ expectations for revenue in the fifth paragraph. AFP/Getty Images The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich. Credit Suisse Group AG (CS) said Wednesday that third-quarter net profit more than doubled, beatingRead More →

Apple Tops Expectations in Q3 By Investing.com

2019-07-30

© Reuters. Apple Earnings, Revenue Beat in Q3 Investing.com – Apple (NASDAQ:) reported earnings that topped expectations even as services growth missed expectations in the fiscal third quarter of the year. The firm reported earnings per share of $2.18 on revenue of $53.81B. Analysts polled by Investing.com anticipated EPS ofRead More →

London markets stutter as Fed rate cut expectations ease

2019-07-08

London markets began the week in sluggish fashion as the prospect of U.S. rate cuts eased following Friday’s jobs boost. The FTSE 100 UKX, +0.01%   remained flat as rebounding mining giants helped the blue-chip index avoid major losses. Miners recovered from a three-day losing streak after China’s major steelRead More →

Daimler cuts profit expectations on diesel issues By Reuters

2019-06-23

© Reuters. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin FRANKFURT (Reuters) – Daimler has cut its earnings outlook for this year after lifting provisions for issues related to diesel vehicles by “a high three-digit million euro amount”, the carmaker said on Sunday. Group earningsRead More →