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Laybuy (ASX: LBY): Another ASX BNPL
After a solid debut on the Australian Securities Exchange (ASX) earlier this week, New Zealand buy now pay later company went on a volatile ride for its first week. Following the completion of an initial public offering (IPO) that raised A$80m at A$1.41/share with an indicative market capitalisation of A$246m under the code LBY, the Company comm...
PM Shinzo Abe’s Resignation, Abenomics, and Berkshire Hathaway Buys Stakes in Five Japanese Companies
Prime Minister Shinzo Abe, Japan’s longest-serving prime minister officially resigned on Friday due to health issues after a few weeks of speculations. Amid a global pandemic, markets fret that his resignation may create a new period of political uncertainty for Japan. Since the announcement, a few ministers from the ruling party expressed the...
August Wrap-Up: Global Equities on a Rally
Covid-19 Cases and Vaccine Optimism The virus continues to spread across the world, with more than 25 million confirmed cases of coronavirus and 840, 000 deaths. The United States remains the worst-affected countries followed by the Eastern Mediterranean region and European countries. After successfully containing the virus, a rise in the number ...
Afterpay Ltd ($APT): YTD – ASX Best Performer
Afterpay Ltd remains Australia’s favourite tech stock. The Buy Now Pay Later company is the best performing stock on the Australian share market and its share price has risen by a staggering 204% since the beginning of the year. Source: Bloomberg Afterpay is on a Roll! Investors digested a series of good news for the tech stock this week. Th...
Jackson Hole Symposium: Markets Bracing for More Volatility
The annual Jackson Hole Economic Symposium rarely goes unnoticed as is an exclusive central bank conference which fosters open discussions about global policy matters. The economic event is sponsored by the Federal Reserve of Kansas City and is closely watched by market participants. The Symposium has the potential to spark more volatility in th...
ASX Updates: Big Earnings Week
Amid a muted economic calendar, the attention was mostly on the earnings reports as investors geared up to the busiest week of the Australian earnings season. We have updates from big retailers, iron-ore miners, major banks, and tech stocks. As of writing, Information Technology, Consumer Discretionary and Health index were leading the gains on ...
US Elections: COVID-19, Policies and Markets
The Political Event of the Year 2020 The most-waited political event of the year is fast approaching: the US elections will take place on the 3rd of November. The nominees of the two main political parties - Republican and Democratic party are yet to be announced at the Presidential Nominating Convention. However, the clear frontrunners are Pres...
A Gold and Tech Rally
Covid-19 Cases and Vaccine Optimism The virus continues to spread across the world, with more than 17 million confirmed cases of coronavirus and 670, 000 deaths. Many countries have seen a surge in the number of infections over the months. As the month comes to an end, we note that countries that have initially successfully controlled the outbre...
Another Big Week on the Earnings Front
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 stocks have rallied over the past mo...
Attention on Stimulus Packages: EUR vs USD
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 flowing and supporting their economy with ...
Tesla and Microsoft Corporate Earnings Results
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 electric vehicle and alternative energy ...
Earnings: Banks Reported More Provisions for Bad Debts, Netflix Q3 Subscribers Outlook
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) PepsiCo products are enjoyed by consumers mor...
Coming Up This Week: Big Banks and Netflix
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 for the near future given the uncertain...
Melbourne Lockdown: Local Investors Mull Worsening Economic Outlook
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 $1 billion a week which will fall heav...
Quarter 3 Outlook: Coronavirus Resurgence May Threaten Recovery
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. Massive fiscal stimulus, ultra-low lev...