ECB holds the rates unchanged

ECB holds the rates unchanged

The council of governors discussions on interest rates did not bring unexpected conclusions. The interest rate on the main refinancing operations remains unchanged at zero and other interest rates on overnight refinancing and overnight sterilization operations will also remain unchanged. In past days, the likelihood of a rate cut has increased, which in recent days...
USD/TRY reacts after rate cut

USD/TRY reacts after rate cut

According to Zerohedge, when Turkish president Erdogan sacked the now former Turkish central bank head Ceitnkaya two weeks ago because the latter refused to ease monetary policy despite the country's surging inflation and tumbling currency, it was no longer a question if the central bank would cut rates but by how much. We got the...
Netflix falls more than 11 percent after "Earnings" report

Netflix falls more than 11 percent after "Earnings" report

According to Reuters Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price. Shares in the company fell 11% in early trade, as investors...
China GDP tests it's "low"

China GDP tests it's "low"

According to Zerohedge,Beijing reported that China's Q2 Y/Y GDP rose at 6.2%, once again precisely as consensus had expected, down from 64% in Q1 and the lowest since "modern" records started to be kept 27 years ago in 1992, dipping below even the financial crisis low of 6.4%. Source: Zerohedge.com Additionally, 2Q cumulative GDP rose...
Tesla stocks are ready again

Tesla stocks are ready again

After long months of investors’ disliking due to fears of insufficient delivery and satisfaction of new models’ demand, it seems now that the company has bounced from the lowest numbers in three years. Company stocks rise into black numbers again. The reason for this optimism, that pulls company stocks up in capital markets, is the...