Horrifying (NFLX) Netflix Earnings, Will (USOIL) Crude Oil Price Rebound? China Affected By COVID Again! Tesla (TSLA) Earnings Incoming

By Saxo Bank: Meta growth grinds to a halt, Qualcomm is firing on all cylinders

Netflix dived more than 25% in the afterhours trading after announcing that the subscriptions fell by 200’000 in the Q1. The carnage in Netflix’s share price will certainly plummet the good mood in Nasdaq, which rallied more than 2% yesterday. Nasdaq futures are pointing to the downside at the time of writing. The European markets traded in the red on the back of the escalation in Ukraine, as Russia launched the ‘second phase’ of the war in the Eastern Ukraine.

Today, Tesla will announce Q1 earnings and Barron’s warns that the results could disappoint

 

The futures point at a positive start, yet the risks remain tilted to the downside. Major US indices traded in the green on Tuesday, despite discouraging news that IMF and the World Bank cut growth forecasts and warned of higher inflation, Chinese data showed significant slowdown in economic activity – which could add on the inflationary pressures, and St Louis Fed President James Bullard said he wouldn’t rule out a 75-bp increase in the US rates, though this is not his ‘base case’ for May meeting. The US yields pushed higher, the dollar gained and the yen fell to the lowest levels in two decades against the greenback hinting that it could soon be time for a downside correction. Today, Tesla will announce Q1 earnings and Barron’s warns that the results could disappoint.


 

Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun


 

Watch the full episode to find out more!

  • 0:00 Intro
  • 0:31 Netflix down 25% post-market on falling subscriptions
  • 2:36 Market update
  • 3:12 IMF, World Bank cut growth forecast
  • 3:50 Crude oil eases, but…
  • 4:32 China slowdown
  • 6:24 Fed Bullard doesn’t rule out 75-bp hike
  • 7:10 Gold bounced lower after hitting $2000 earlier this week
  • 7:39 USD strongest against the yen in 20 years
  • 8:59 Tesla goes to earnings confessional

 

Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM


 

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

By Saxo Bank: Meta growth grinds to a halt, Qualcomm is firing on all cylinders

Swissquote Bank

– the Swiss leader in online banking
As a leading provider of online financial services, Swissquote offers innovative solutions and analysis tools to meet the wide range of demands and needs of its clients. The user-friendly platform also delivers forex, robo-advisory, leasing and mortgage solutions, as well as various online trading services. In addition to a low-cost service for private clients, Swissquote also offers specialized services for independent asset managers and corporate clients. Swissquote Bank AG is subject to the oversight of the Swiss Financial Market Supervisory Authority (FINMA), holds a banking license from the same authority, and is a member of the Swiss Bankers Association. The parent company, Swissquote Group Holding AG, is listed on SIX Swiss Exchange (symbol:SQN).