18.02. Apple shares fell on Tuesday
Stock prices of the American company Apple Inc are reduced today by 3.6% during preliminary trading. Even earlier, the stock drop exceeded 4%. The Nasdaq stock index, which calculates the company's securities, fell 0.9%.
The fall was caused by a warning from Apple that the company's revenue in the second fiscal quarter (ending March 30) would not reach the previously announced values due to an outbreak of coronavirus in China. As you know, all Apple's manufacturing facilities are located outside of Hubei Province, which is the epicenter of the disease, and all of them have already resumed work.
However, the recovery is slower than planned, which has led to a temporary restriction in the supply of iPhone smartphones worldwide. At the end of January, the company gave a forecast in which it estimated revenue in the current quarter at $63-67 billion with the resumption of production by February 10.
---------- Post added 02-19-2020 at 05:13 PM ---------- Previous post was 02-18-2020 at 05:37 PM ----------
19.02. UK annual inflation accelerates to 1.8% in January
According to the Office of National Statistics (ONS), inflation in Great Britain accelerated in January to 1.8% from 1.3% in December in annual terms, and in monthly terms, deflation was fixed at 0.3% against zero inflation a month earlier.
Analysts predicted that annual inflation would be 1.6%, and in monthly terms, experts expected a deflation of 0.4%.
The CPIH index (inflation, taking into account the costs of homeowners on housing maintenance) for the reporting month was 1.8% in annual terms against 1.4% a month earlier. In monthly terms, a deflation of 0.2% was recorded against zero dynamics in December.
---------- Post added 02-20-2020 at 04:49 PM ---------- Previous post was 02-19-2020 at 05:13 PM ----------
02.20. Gold has risen to a high in 7 years
Gold prices rose to a maximum in 7 years due to fears that an outbreak of coronavirus will slow down global growth, as well as amid rumors that the US Federal Reserve will cut the interest rate by the end of the year.
At the auction on February 20, the price per troy ounce of gold amounted to $1,621.45 – a similar price of gold was fixed at the beginning of 2013.
Although the number of new cases of coronavirus infection is declining, signs of deepening economic damage from the epidemic continue to put pressure on markets. Moreover, two deaths were recorded in Iran, which indicates the active spread of the disease outside of China.
The minutes of the last meeting of the US Federal Reserve showed that the regulator can leave rates unchanged for several months of 2020, but traders predict at least one decrease in 2020.