August 16, 2018 - The Bell is about to Ring
1)
Walmart Earning’s stir DOW
One of the retail giants in US was to
release their earning’s today before the market and it was expectedly a thing
to look forward to today. While we go into writing the Bell is about to ring it
looks like Walmart has released its earnings and they are positive of the
expectations of the analysts.
Walmart has shown extremely positive
earnings for the quarter that just went by. It has shown good results due to
the increase of 40% in the its e-commerce sales, thus showing a positive EPS of
$1.29 which beat analysts forecast by $0.07$ while its revenue has beat expectation
by a marginal $2.03B. While we were concerned that the recent Flipkart merger by
the retail giant may cause some shaky times, however the results have proven to
be otherwise.
The day is yet to see earnings of Dillards,
JC Penny & Nordstrom.
2)
New hopes of period... in the ongoing US-Sino Trade wards
Most of us, I am sure all of the
financial and trading fraternity were waiting to hear some positive movements
in the so far looking everlasting trade war between US-China.
Further to an invitation from the United
States, China has announced that it shall send a delegation to the United
States to have talks around the ongoing trade-war between the two major economies.
Let’s hope the two agree to the best of
their and other economies and investors benefits.
3)
Asian markets soaring continue
Tencent earnings added to the soaring stocks
in the China markets as investors were wary from the disappointing earnings of Chinese
tech giant.
Shares of the tech giant fell drastically
before recovering ground and closing at a low of 3%
The Shanghai Composite dropped 0.6% &
Hong Kong's Hang Seng fell 0.8% on Thursday, pushing them closer to bear market
territory. The India Sensex and Nifty also showed a decline of a good 0.5%
& 0.4% respectively. The Rupee is continuously falling against it peers USD
& GBP. It showed an all-time low of 70.40 against a dollar on Thursday.
4)
Global Markets Overview
Though the Asian markets more or less
closed their day on a negative trend the Us stock futures were higher, and the
European markets are surging ahead with its FTSE trading a positive of 0.73%
while DAX and CAC are positive at 0.35% & 0.57% respectively.
The Italian stocks were dragged lower by
a 25% drop in shares in Atlantia, the operator of a bridge that collapsed
earlier this week in Genoa.
Thanks to the positivity that spread due
to the scheduled end of this month meeting between the Chinese-US counterparts
to discuss on the ongoing trade wars and possibly because Turkey has shown to
hold foot from the recent downfall of its Lira in the last 2 sessions of
trading.
5)
MARKETS AS OF NOW:
|
DOW Futures
|
Nasdaq100 Futures
|
S&P Futures
|
|
25385.0
|
7411.50
|
2833.25
|
|
+199 / +079%
|
+36.50% / +0.50%
|
+11.75 / +0.40%
|
|
China - Shanghai
|
UK – FTSE100
|
GERMANY - DAX
|
|
2705.19
|
7542.25
|
12184.48
|
|
-18.07 / -0.66%
|
+44.09 / 0.59%
|
+23.14 / +0.19%
|
Disclaimer
This Interim Financial Results & News
posts or updates includes forecasts, projections and other predictive
statements that represent Vtrade's assumptions and expectations in light of
currently available information. These forecasts, etc., are based on industry
trends, circumstances involving companies and other factors, and they involve
risks, variables and uncertainties. The Group’s actual performance results may
differ from those projected in these Interim Financial Results. Consequently,
no guarantee is presented or implied as to the accuracy of specific forecasts,
projections or predictive statements contained herein.
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