Market News 26/8
💎 Here’s some news to make the day even more adorable.
🇺🇸 US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). The USD didn’t react much due to the Powell speech anticipation that will come out at 18:00 GMT 3.
🇨🇳 A small county near Beijing has been locked down after finding a single case of Covid-19 infection. China’s policy became even more strict in an attempt to eliminate the virus in the country.
🇳🇿 RBNZ (New Zealand) member Orr said: “We think there will be at least another couple of rate hikes.”
🇬🇧 Research shows that UK households will pay almost triple the price to heat their homes this winter compared with a year ago.
🖥 Dell (DELL) will release its earnings report today after the market close.
🚗 Tesla’s 3-1 stock split has happened. You can now buy a single share for $295 instead of $885. The last split happened in 2020 and resulted in 200% of growth. However, this time the economic outlook is rather different.
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