Back to market news

Global Markets showing weakness ahead of 'Phase 1' trade deal signing

Global markets trading lower as the world waits on phase one trade deal between the US and China that is due to be signed today. The initial deal included China purchasing $40 to $50 billion worth of American agricultural products, along with agreeing to guidelines on how it manages its currency. Trump and Liu are... Global Markets showing weakness ahead of 'Phase 1' trade deal signing
Global markets trading lower as the world waits on phase one trade deal between the US and China that is due to be signed today. The initial deal included China purchasing $40 to $50 billion worth of American agricultural products, along with agreeing to guidelines on how it manages its currency.

Trump and Liu are scheduled to sign the 86-page document, at a White House event before over 200 invited guests from business, government and diplomatic circles. According to sources, the Phase 1 trade deal will be signed on today in Washington at 11.30 am local time (1630GMT).

The markets turned weaker after US Treasury Secretary commented that tariffs on Chinese goods would likely remain until phase two of the trade agreement gets finalized.

Read more

NASDAQ edges up ahead of big tech’s earnings

NASDAQ edges up ahead of big tech’s earnings

This week the main attention will be on the earnings season with more of the FAANG group of companies reporting their quarterly earnings. Facebook, Apple, Amazon, and Alphabet are among the big giants to report this week. These are the most popular momentum stocks which are largely responsible for the stock market’s gains over the past few years and these four Big Tech combines for more than $5 trillion in market value.

Tesla Earnings Today: Who will win, the bulls or the bears?

Tesla Earnings Today: Who will win, the bulls or the bears?

The world’s most valuable automaker Tesla (TSLA) is set to announce its second-quarter 2020 financial results today, Wednesday, July 22 after the markets close. $TSLA shares started this week on a positive note, the stock climbed from $1,500 to $1,643 more than 9% on Monday. While on Tuesday the shares closed 5% lower after investment bank JMP Securities is out with a rating downgrade for Tesla. Based on the company's closing price yesterday, Tesla has a $290 billion market capitalization.

Netflix stock closed below $500 on Friday: Can we expect further downside?

Netflix stock closed below $500 on Friday: Can we expect further downside?

Netflix shares plunged 15% last week from the $575 level as the company signalled weaker subscriber growth and profits were weaker than expected. Meanwhile, the revenue for the last quarter reported was $70 million higher than the Wall Street estimates. The world’s largest streaming company announced the second-quarter 2020 financial results on Thursday after market close.