• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Chinese data gives Wall Street a boost

18th April 2019

Chinese data gives Wall Street a boost Pin It

The stock markets in New York are expected to face a higher opening on Wednesday. Better-than-expected figures on China’s economic growth seem to be pushing up markets. Investors on Wall Street also received quarterly results from a number of large companies.

Beijing presented figures on economic growth, industrial production and retail sales in the People’s Republic that were better than average economists had expected. Earlier, disappointing growth figures from the Asian country were the reason for pessimism about global growth.

Chipmakers, who are sensitive to news about economic developments in China, are heading for a higher opening. Before, Intel, AMD, NXP and Nvidia were up to 4.5 percent. Another chip company, Qualcomm, also benefits from an agreement with Apple. The two companies this week put an end to their years of arguing about patents.

Snack and soft drink giant PepsiCo opened the books and was able to present a higher quarterly profit and turnover. Snacks and light drinks in particular produced good results from the maker of Pepsi, Doritos and Lays, among others.

Prospects at Netflix may give investors cause for concern. Due to price increases, the video streaming service expects a dip in the growth of new subscribers, just as film and media giant Disney is coming with a competitive platform. Technology group IBM had a disappointing start to the year, in which revenue and profit fell.

Morgan Stanley investment bank closed the first three months with a lower profit, partly due to lower income from trading in bonds. CEO James Gorman nevertheless spoke of solid results. The medical company Abbott Laboratories also opened the books. After the closing bell, aluminum producer Alcoa comes with numbers.

The price signs in New York were green on Tuesday at the end of the trading session. The Dow-Jones index closed 0.3 percent higher at 26,452.66 points. The broad S&P 500 rose 0.1 percent to 2907.06 points. Tech degree meter Nasdaq rose 0.3 percent to 8000.23 points.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Turning losses into shares:…

In IT, Innovation and Startups

Turning losses into shares: an innovative way to own casino implemented

View Post

Next Post

Facebook knows what is best…

In Domestic Affairs

Facebook knows what is best for you

View Post

In Money Matters

Moody’s expects lower bounceback for Eurozone and Britain

View Post

In Money Matters

EU zone economic confidence reaches 93.4 with the reasons for euphoria still to uncover

View Post

In Money Matters

IAG advocates the digital ‘testing and vaccination passports’ for passengers

View Post

In Money Matters

Flat opening on Friday US markets

View Post

Newsletter

Latest News

View

The newly formed Stellantis counts on strong growth in sales

3rd March 2021

View

Rio Tinto chairman has left the company amid the ‘sacred cave’ destruction

3rd March 2021

View

In January 2021 Germany exported 30 percent less to the United Kingdom

2nd March 2021

View

COVID-19 made HelloFresh turnout skyrocket

2nd March 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]