Hang Seng Follows the US Down as Sentiment Takes a Hit 

The Hang Seng index futures (HKEX: HSI) saw a 2.5% pullback in the Wednesday session, as the downgrade of the US credit rating from AAA to AA+ dented sentiment and…

Comments Off on Hang Seng Follows the US Down as Sentiment Takes a Hit 

Caterpillar Paving the Way to Success as Earnings Crush Estimates 

In their latest quarterly report, Caterpillar Inc (NYSE: CAT) topped estimates in a dominating display of their financial prowess. Riding high on the surge in infrastructure demand, this construction giant…

Comments Off on Caterpillar Paving the Way to Success as Earnings Crush Estimates 

Exxon Mobil Deliver Crude Awakening in Latest Quarterly Reports  

After enjoying record profits in the wake of Russia’s invasion of Ukraine, Exxon Mobil Corporation (NYSE: XOM) delivered a disappointing set of quarterly results, with energy prices falling like dominoes…

Comments Off on Exxon Mobil Deliver Crude Awakening in Latest Quarterly Reports  

Aussie Dollar Sinks as RBA Surprises Again 

As consensus slightly tilted toward another 25bps hike from the Reserve Bank of Australia (RBA) on Wednesday, the Australian market underwent another surprise decision as the RBA kept rates unchanged…

Comments Off on Aussie Dollar Sinks as RBA Surprises Again 

Meta’s Quarterly Earnings Receive Thumbs Up from Investors 

After the 64% slump in 2022, Meta Platforms, Inc. (NASDAQ: META) delivered a highly impressive turnaround, injecting innovation and vision into the company to trigger an unprecedented 170% year-to-date return.…

Comments Off on Meta’s Quarterly Earnings Receive Thumbs Up from Investors 

EURUSD Currency Pair Surges on Inflation and GDP Data 

The EURUSD currency pair experienced a notable surge driven by the release of inflation and GDP data. Headline inflation aligned with expectations, declining from 5.5% to 5.3%, while Core inflation…

Comments Off on EURUSD Currency Pair Surges on Inflation and GDP Data