[ad_1] Share: BABA stock loses 9%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for now. Alibaba issues a $1 annual dividend to holders of ADS shares. Alibaba (BABA) stock closed at $79.10, down 9.15%, on Thursday. The market did not
[ad_1] Coming up today: 0800 GMT / 0400 US Eastern time: ECB Governing Council member Peter Kazimir speaks at the National Bank of Slovakia’s quarterly press conference on the economic outlook for Slovakia 0945 GMT / 0545 US Eastern time: Participation by ECB board member Philip Lane in policy panel at 2023 ECB Conference on
[ad_1] The Australian labour market has been strong despite the most recent numbers, for July, indicating a decline in jobs. A bounce nack is expected in the August figures coming up today. If this expected rebound doesn’t happen it’ll be taken as a poor sign indeed for the jobs outlook. This snapshot from the ForexLive
[ad_1] Here are the speakers from the Federal Reserve I have listed for today. A few more could well pop up in media interviews and what have you. There are 6. Bostic is speaking twice, which is why there are 7 lines below. I’ve noted those speeches more likely to bring market-pertinent comments in bold.
[ad_1] The Fed’s annual Jackson Hole Symposium begins with a dinner on Thursday, 24 August 2023. The full agenda will be made available at 6 PM US Mountain Time, which is 8 PMEastern time. This year’s topic is ““Structural Shifts in the Global Economy”. More on this: This year’s theme will explore several significant, and
[ad_1] Share: EUR/GBP struggles to capitalize on its modest intraday bounce from the 0.8600 mark. The BoE’s less hawkish signals undermine the GBP and act as a tailwind for the cross. Speculations that the ECB will soon pause its rate-hiking cycle caps gains for the Euro. The EUR/GBP cross attracts fresh buying near