#ChinaProduction #Newmont_Newcrest #SIA_Results Topic #1: China’s economic data misses expectation China Industrial Production (Source: TRADINGECONOMICS.COM) What happened? China's economic data for April fell short of expectations, highlighting the country's uneven path to recovery from the impact of stringent Covid-19 restrictions. Industrial production in April grew by 5.6% year-on-year, lower than the 10.9% predicted...

#USInflation #BNBResults #AusSurplus Topic #1: US Inflation slips to the lowest level since 2021 US monthly inflation levels What happened? Inflation in the United States has slowed to its lowest rate in two years, according to the Consumer Price Index (CPI). The CPI index, which measures the cost of a basket of goods...

#RateHike #AppleResults #FirstRepublicBank Topic #1: Fed increases rates by another 25 bps Fed interest rate decision chart with actual and forecasted values What happened? The US Federal Reserve has raised interest rates by 0.25 percentage points, marking its 10th consecutive increase since March 2022. However, it also indicated that it may pause further...

#TechEarnings #USGDP #PropertyTaxes Topic #1: Tech Earnings beat expectations Meta, Alphabet and Amazon price chart (Source: Google Finance) On Thursday, strong quarterly results from tech giants Facebook parent Meta Platforms Inc, Alphabet Inc, and e-commerce giant Amazon.com Inc led a rally on Wall Street. The S&P 500 Communication Services Index saw its...

#BankResults #ChinaGrowth #SamsungBing Topic #1: Major banks release their Q1 results Major US Banks return comparison in their earnings week (Source: Google Finance) What happened? Major US banks continue to report their earnings for the first quarter of 2023, with Bank of America and Bank of New York Mellon both reporting better-than-expected earnings...

#USInflation #SingaporeGrowth #30KBitcoin Topic #1: US Inflation fell to its lowest level in 2 years Changes in prices (YoY) (Source: Financial Times, US Bureau of Labor Statistics) The US Bureau of Labor Statistics has released the consumer price index data for March which increased by 5% year-on-year, a significant deceleration compared to...

#OPECSupplyCuts #TeslaDeliveries #BRICSCurrency Topic #1: OPEC+ announces surprise cuts in oil supply On April 2, Saudi Arabia and other members of OPEC+ announced surprise oil production cuts of around 1.16 million barrels per day, in a move that made oil prices, like Brent Oil shore up over 4% on open. The...

#NASQAQ_BullRun #BABASplit #LULUResults  Topic #1: NASDAQ surged into a new bull market after 3 years NASDAQ price chart The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of...

#UBS-CS #25bpsHike #TikTokTestimony Topic #1: UBS acquires Credit Suisse Credit Suisse, one of the world's largest banks, has been taken over by its long-time rival UBS for  $3.25 billion. The acquisition, which was announced on March 20th, marks the end of an era for Credit Suisse, which had been in business...

#SVBCollapse #AramcoResults #USInflation #Topic 1: Silicon Valley Bank Collapse Silicon Valley Bank, which lends a majority of its money to tech companies, collapsed last week, marking the second largest bank failure in the history of the US.  Why did it happen? Last Wednesday, Silicon Valley Bank announced that it had sold all of...