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Disney Makes Its First Streaming Profit
Disney (DIS) beat analyst expectations with its third-quarter results, being above the expected figures for revenue and earnings. This marked a return to profit from previous losses and comes as the entertainment giant plans to increase the price of its streaming service. Pre-tax profit climbed to $3.1bn for Q3, following the $134m loss posted last…
Euro dips as ECB cuts deposit rate to 3.0%; BNP sees parity by the end of 2025 By Investing.com
The euro experienced a decline, reaching a nine-day low, following the European Central Bank’s (ECB) decision to reduce interest rates by 25 basis points. This move adjusted the deposit rate to 3.0%. The ECB also signaled the possibility of further rate cuts in the future, aligning with expectations for a gradual approach to achieving the…
Tariffs on US imports come into effect today. The RBNZ expectedly lowered the rate by 0.25%
The Dow Jones Index (US30) was down 0.84% at Tuesday’s close. The S&P 500 Index (US500) was down 1.57%. The Nasdaq Technology Index (US100) decreases by 1.95%. President Trump’s announcement that tariffs on Chinese imports will rise to 104% starting tomorrow was a strong move toward protectionism. It heightened fears of a protracted economic conflict…
Sunset Market Commentary – Action Forex
Markets EUR/GBP spiked from 0.8325 to 0.8375 following September UK inflation numbers, but the euro isn’t strong enough these days to profit from GBP-weakness. Even as UK yields drop 8 bps (30-yr) to 11 bps (2-yr) across the curve. Headline inflation was flat in M/M-terms, resulting in the first sub-2% inflation print since April 2021….
Rioter who punched police officer in face in Southport jailed for three years
A rioter who punched a police officer in the face during violent unrest in Southport has been jailed for three years, in the longest prison sentence so far over the far-right disorder in England and Northern Ireland. Derek Drummond, 58, pleaded guilty to violent disorder and assaulting an emergency worker during a riot in the…
