Stock Market

Sports apparel and equipment giant NIKE saw higher Revenues in Q4 FY2023, boosted by China’s rebound, but its bottom line disappointed markets

On Wednesday, the Federal Reserve released the results of their annual bank stress test. All 23 banks that were included passed the test, weathering a severe recession scenario, continuing to lend to consumers and corporations.

The tech heavy index rose on Wednesday against hawkish remarks by Chair Powell and reports that US plans an export ban of AI chips to China, but trades with caution today

Nvidia has gapped down on its open today following a report that the Biden administration may be considering a new ban on AI chips to China. The stock closed at 418.70 yesterday and opened on the cash market today at 406.60.

Take a look at some corporations that will be on our radar over the coming months, as the third quarter gets underway, amidst market optimism. These include tech giants Apple, chip maker Nvidia and more

GER30 short-term analysis - 27 June 2023

Take a look at some corporations that will be on our radar over the coming months, as the third quarter and the new earnings season get underway, amidst market optimism. These include EV leader Tesla, streaming giant Netflix and more

The SPX500 is up close to 15% since its March low of around 3,800. However, the VIX, which is commonly referred to the fear index may be suggesting caution.

On Wednesday, the Federal Trade Commission (FTC) filed a lawsuit against Amazon, accusing the leading e-commerce giant of deliberately deceiving countless customers to enroll in its Prime service and actively impeding their efforts to terminate their subscriptions.

The European Commission has said that Google’s advertising technology practices breaches EU antitrust laws. It has recommended that the company break up adtech, its ad business.

The GER30 has moved into its bullish channel.