What to watch Payment giants: Rivals Visa and Mastercard both deliver their third-quarter earnings reports on Wednesday, with the latter marginally ahead in the share price stakes in 2020 so far. Both firms are dependent on payments volume, to which a recession poses a threat, and the companies’ results will provide a window into the…
Read more
What to watch Microsoft: Microsoft’s share price has gained 33% this year, with the $1.6trn market cap giant helping propel the broader market higher. As with many of the other major tech names, its momentum has stalled of late, with the firm’s share price only advancing 3.1% in the past three months. The company’s cloud…
Read more
EUROPEAN SHARES European shares continued their slide on Tuesday, following drops on US futures overnight. Investors continue to assess the possible impact of more and more restrictions on economies and prefer to limit their exposure to riskier assets due to rising uncertainty. This is especially true in Europe where French President Macron is now expected…
Read more
What to watch Twilio: Cloud-based platform firm Twilio, which allows software developers to embed voice, messaging, video and other communication services into applications, has seen its share price surge more than 200% in 2020. The shift to a virtual world due to the pandemic has clear benefits for the firm, and earlier this month multiple…
Read more
EUROPEAN SHARES European stocks plunged alongside the S&P 500 at the beginning of Monday’s trading session, amid rising virus worries over the weekend. Most investors want to remain optimistic about the upside potential of stock markets but they are becoming increasingly sceptical about the next US stimulus package. In addition, recent record-breaking infection levels in…
Read more
What to watch American Express: Today, credit card and financial services firm American Express delivers its third-quarter earnings report. The company is dependent on consumer spending and credit card transaction volumes, which the pandemic has generated significant headwinds for. American Express stock is down more than 15% in 2020 so far, although it has rallied…
Read more
GOLD Gold spot price is consolidating just above the threshold of $1,900. After an unsuccessful attack to $1,930, the price collapsed below $1,900, but buyers were ready to sustain bullion. Prices are moving in a relatively tight lateral trading range between $1,880 and $1,930, while yesterday’s decline was curbed at around $1,894 - well above…
Read more
What to watch Intel: Chipmaker Intel has lagged the broader index year-to-date, with its share price down more than 10% in 2020. One point of interest will be the company’s planned sale of its flash memory business, for $9bn, that was revealed over the past week. Investors will be watching for details of how the…
Read more
GOLD Gold spot price rallied to $1,932 as expectations of further monetary stimulus initially grew in the US, before easing down back to $1,915 after doubts over an imminent deal emerged. From a technical point of view, there has been an interesting assault to the resistance level at $1,930/1,932, but that level remains firm so…
Read more
What to watch Around 30 US companies with a market cap greater than $10bn report quarterly earnings today, including Biogen, Thermo Fisher Scientific, Chipotle and more. In the UK on Thursday, Unilever’s earnings will be one to watch. Tesla: Tesla’s earnings report today will be one of the most hotly watched this earnings season, after…
Read more