1. Twitter Tumbles More Than 20%
Twitter wrapped a jaw-dropping -20% drop-off to close at $34.12 on Friday, more than $8.8 dollars lower. The stock hit session lows at U.S. market closed and sealed a 20.6% drop following earnings that clearly disappointed investors. Meanwhile, analysts generally defended the embattled shares in several reactions to the steep fall. Specifically, Jefferies and Citigroup have raised targets higher implying a future upside and pointing to an expected H2 acceleration.*
2. Dollar Steady Ahead Of Key Data
The US dollar was seen trading completely flat against the EUR at 7:00 GMT, on Friday morning ahead of key data and meetings by central banks. This week will be full to the brim featuring monetary policy announcements from the Bank of Japan (BOJ) the Fed, the Bank of England (BoE) and the release of jobs data in the United States. The dollar index against a basket of six major currencies stood little changed at 94.540 as of 7:00 GMT this morning, after dipping slightly on Friday. It is also important to note that Friday’s upbeat second quarter U.S. gross domestic product data failed to lift the greenback, as markets had mostly priced in the strong figures.**
3. Caterpillar’s Worldwide Machine Sales Rise 25%
Caterpillar (CAT) has announced that its worldwide machine retail sales rose 25% Y/Y for the rolling three-month period ending in June. Sales in the Asia Pacific region surged 37% during the period, while sales rose 29% for Latin America, 22% for North America and 19% for Europe and the Middle East. CAT’s energy and transportation retail sales for the latest rolling three-month period rose 14%, marked by sales increases of 30% in oil and gas and 12% in power generation. CAT finished the week flat on Friday at $142.53. It is also important to note that Caterpillar will be reporting earnings before the NYSE bell on Monday.***
You can find and trade all of the above mentioned equities and commodities on BDSwiss Forex/CFD platforms.
*Source: Seeking Alpha Jul. 30, 2018 4:15 AM ET
**Source: Investing Jul 30, 2018 02:00 AM ET
***Source: Seeking Alpha Jul 30, 2018 2:48 AM ET
Upcoming Earnings Reports This Week:
- 30/7/2018 – Caterpillar Inc. (#CAT) to report pre-market
- 31/7/2018 – BP p.l.c. (#BP) to report pre-market
- 31/7/2018 – Credit Suisse Group AG (#CS) to report pre-market
- 31/7/2018 – Fresenius Medical Care AG & Co. KGAA (#FMS) to report pre-market
- 31/7/2018 – The Procter & Gamble Company (#PG) to report pre-market
- 31/7/2018 – Apple Inc.(#AAPL) to report post-market
- 31/7/2018 – Air France-KLM (#AFRAF) to report post-market
- 1/8/2018 – BNP Paribas (#BNPQF) to report pre-market
- 1/8/2018 – Volkswagen AG ADR(#VLKAY) to report pre-market
- 1/8/2018 – Tesla, Inc. (#TSLA) to report post-market
- 2/8/2018 – Avon Products, Inc.(#AVP) to report pre-market
- 2/8/2018 – Hugo Boss AG ADR.(#BOSSY) to report pre-market
- 2/8/2018 – Continental AG(#CTTAF) to report pre-market
- 2/8/2018 – DowDuPont Inc.(#DWDP) to report pre-market
- 2/8/2018 – Merlin Entertainments PLC (#MIINF) to report pre-market
- 2/8/2018 – MGM Resorts International(#MGM) to report pre-market
- 2/8/2018 – Societe Generale (#SCGLF) to report pre-market
- 2/8/2018 – Siemens AG ADR (#SIEGY) to report pre-market
