New York, USA – E be like say the stock market don decide to flex small ahead of another round of earnings wey dey show face, with gold prices dey do their own hoolabaloo after serious losses wey dem just get.
All eyes dey on Tesla as dem go report their earnings after market close today. Na everybody dey rush to listen to Elon Musk as e go dey hold conference call wey fit shake the ground (we fit witness some serious market drama). This quarterly report dey super important because many economic data don dey chill thanks to the government shutdown wey gree hold plenty things for neck.
Senators for Senate don plan to vote today on whether to extend funding or make we just use shick the wahala. But truth be say, e no too dey clear if dem go agree or if the impasse go continue dey waka.
As analysts dey look towards Treasury Secretary Scott Bessent wey dey plan to meet with China Vice Premier He Lifeng later dis week for Malaysia, dem dey hope say the U.S.-China kolabo meeting still dey on track. Na who no go want some harmony for dis forex area?
Stocks wey fit catch your eye today include Barclays wey don rise almost 4% for London after dem announce share-buyback plan (baba, dem dey serious about providing the dough). DraftKings don shine as e buy federally licensed exchange wey fit boost dem as dem dey venture into prediction-markets strategy.
For the beer lovers, Heineken don drop forecast for full-year beer volumes wey no too sweet because trade wahala don dey affect their U.S. performance. Still, their shares for Amsterdam don touch small up although dem dey hear bad news. Hermès International, on the other hand, don sink more than 4% in Paris after dem report sales wey no meet analysts’ expectations, while L’Oréal no dey feel fine after dem sales report show disappointing numbers.
Mattel wey dey make toys don drop more than 5% after dem show disappointing earnings report late last night – bad news for dem toy market o. Netflix sef don dey tumble like say na free fall after dem report earnings wey no match analysts’ expectations, with around 7% drop in premarket trading.
But wait, no be all bad news o! Tesla shares don the pepper dem small as dem dey inch higher for premarket. Also, Western Alliance dey peace as dem don reassure investors after dem report rise in quarterly profit, and dem shares don gain more than 2% in premarket trading.
We also get some market report wey dey come from the EIA Weekly Petroleum Status Report; eyes dey open for earnings from Tesla, AT&T, GE Vernova, IBM, and Thermo Fisher.
Wetin we go watch today? Forex don dey steady as dollar maintain o for basket of currencies while people dey worry wetin go happen next for the U.S.-China wahala and ongoing government shutdown. Sterling don drop as U.K. headline inflation still dey hold steady at 3.8%, though economists don dey expect am to move up to 4.0%. E be like say the British currency fit continue dey lose ground if dis inflation data fit push BOE to reduce interest rates again before year end.
Energy level dey up for oil prices as dem dey wake up for U.S.-India agreement wey fit make India dey gradually reduce imports of Russian crude oil according to MUFG. But with persistent oversupply plasma, e go be who dey chop corn at the end of the month.
Gold prices don dey behave like olodo as e dey volatile after dem tumble yestaday. Spot gold don drop as much as 6.3% while investors dey lock in profit. But no woza, long-term drivers fit still support the price. E fit take pause before e bounce back as dem talk say correction dey on the way.
Na today’s news wey every sharp guy suppose get for their palmwine gisting as the market dey turn, who know wetin go happen tomorrow. So stay tuned for more wahala!
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