DAILY MARKET REPORT

DAILY MARKET REPORT

Microsoft (NASDAQ: MSFT) announced better-than-expected 2021 first-quarter financial results on Tuesday. The company’s overall revenue rose by 12% to $37.2 billion in the quarter ended September 30 Meanwhile, Microsoft shares were down 0.2% in after-hours trading after the unimpressive revenue guidance.

DAILY MARKET REPORT

DAILY MARKET REPORT

Crude Oil prices slipped to a 3-week low on Monday due to global demand concerns and amid fears about a resurgence in coronavirus cases. On the other hand, the recent bearish momentum fuelled by the resumption of Libya’s oil exports after the Libyan National Army announced an end to an eight-month oil blockade.

DAILY MARKET REPORT

DAILY MARKET REPORT

Global markets trading lower on Monday as investors remain concerned about a fresh spike in the number of coronavirus cases and a number of restrictions imposed mainly by European countries. Europe reported more than 1.3 million new cases this past week, its highest single week count yet, according to the World Health Organization. France set a new daily record for coronavirus infections with 52,010 recorded in 24 hours, official data showed Sunday.

DAILY MARKET REPORT

DAILY MARKET REPORT

US Airline companies, American Airlines (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV) reported third-quarter financial results on Thursday. Both the airline company shares closed higher on Thursday after narrower than expected earnings. American Airlines' stock climbed 3% higher while Southwest Airlines shares surged more than 5%.

DAILY MARKET REPORT

DAILY MARKET REPORT

The electric car maker Tesla (NASDAQ: TSLA) reported its fifth consecutive quarterly profit on Wednesday, with revenue of US$8.8 billion. Tesla delivered 139,300 vehicles this quarter, beating the company’s previous record of 112,000 vehicle deliveries in the fourth quarter of 2019.