August 6, 2018 #Vtrade - The Bell Is About To Ring!!!!

August 6, 2018 - The Bell is about to Ring

1)    Earning’s continue to be market movers

With Warren Buffet’s Berkshire Hathaway releasing its earning’s after market on Friday, on a positive note, its shares are looking to be appraised today. The shares already saw a jump of 1.17%.

Berkshire led by Warren Buffett operates in the insurance, utility, manufacturing and railroad sectors. It also has a vast investment portfolio. It owns 5% in Apple as well, making Apple one of its most valuable investment by far.

Berkshire's quarterly operating profits shot up 67% to $6.9 billion.

Another large global bank HSBC announced its earnings today with the EPS meeting analysts forecast at $0.16, however the QoQ revenue released as $10.47B compared to estimate of $10.51B, this may have constituted to the fall of its shares by -0.56% as we write this.

2)    Sanctions - Iran & Turkey turmoil

The United States have re-imposed new sanctions on Monday, by virtue of which Iranian will not be able to purchase US Dollars & some metals including gold. Also, Americans are ceased to buy Iranian currency & some products.

These sanctions are put in place to deter Iran from development of Nuclear weapons, as America recently pulled out of an existing Nuclear weapon development treaty.

The Turkish Lira saw a worst hot against dollar as the Trump administered US Treasury imposed sanctions last week on Turkey's ministers of justice over the detention of pastor Andrew Brunson.

3)    Oil – The Volatility continues

Taking from the sanctions turmoil, the Oil prices could lead to an up of $ 90 per barrel by the end of this year, for the US sanctions that have been put on Iran, which refrains Iran from selling it oil and other countries from buying from Iran.

Meanwhile it was expected that China would buy all the Iranian oil, but a recent statement from the Chinese counterparts have made it clear that they will continue to buy the oil that they have been buying all this while, however they shall not increase their quantity of oil purchase from Iran.

Another large contender of oil supply, Saudi has recently pulled back its productions for reasons unclear. Saudi July output released at 10.29 million barrels per day, which is down by 200,000 barrels per day compared to June.

4)    APPLE production could to be hit by a VIRUS

Apple may have some delay time in production of its new iPhones as it has been reported that one of its major chip supplier has got hit by a computer virus. Can you believe a supplier of APPLE known for virus free machines have gotten hit by a virus.

5)    MARKETS AS OF NOW

DOW Futures	Nasdaq Futures	S&P Futures
25404.0	7400.00	2838.75
-8.00 / -0.02%	-2.25 / -0.03%	-0.75 / -0.03%

China - Shanghai	UK – FTSE100	GERMANY - DAX
2705.16	7646.25	12580.00
-35.29 / -1.29%	-12.28 / -0.18%	-34.66 / -0.25%

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.