AUDNZD recovered from the early weekly losses after the pair found buyers near the ascending trendline of 1.0640. As of this writing, the currency pair trades above 1.0710.
The number of daily active Facebook users has risen to 1.59 billion in the second quarter of 2019, up 8% YTY. FB mobile revenue increased to 94% of total ad revenue compared to 91% in the same period last year.
With an increase in the number of users per day and advertising revenue, Facebook's consolidated revenue grew 28% year on year in the second quarter. Adjusted earnings increased from $1.74 per share over the previous year to $1.99 per share.
"We had a strong quarter and our business and community continue to grow," said Mark Zuckerberg, Facebook founder, and CEO. "We are investing in building stronger privacy protections for everyone and on delivering new experiences for the people who use our services."
Despite the strong growth in Facebook stock prices, further positive development is supported by a strong evaluation of the company based on the significant increase in financial results. Its shares are traded at about 22 times the profit in line with the industry average. The company expects further growth in the upcoming two quarters this year, which could help increase the dynamics of stock prices.
Precious metals and commodities fail to witness a positive start for the final quarter of the year. While European shares and US stock futures have started October on a firmer footing. Moving ahead, meetings of major central banks with RBA and RBNZ on the horizon return this week. Investors will also be keeping an eye on the US ISM manufacturing PMI on Monday as well as the US nonfarm payroll data for February on Friday.
Shares of the Footwear and athletic apparel giant Nike (NYSE: NKE) jumped almost 10% after the company beat first-quarter earnings and gross margin estimates. “Q1 offered proof of what NIKE can deliver when we connect great innovation, great storytelling and great marketplace experiences to consumers,” Nike CEO John Donahoe.
Global markets ended with notable losses on Friday driven by the hawkish US Federal Reserve outlook and mixed flash purchasing managers' index results from the European economies. Going forward, the overall market sentiment is expected to remain lukewarm as investors worry about the possibility of higher interest rates.