[ad_1]
From: Ahmed Shawky
Mubasher: Data on US economic growth attracted worldwide attention on Friday.
US economic growth slowed to 2.1% in preliminary estimates for the second quarter of this year, at its weakest pace in two years, but exceeded expectations.
The slowdown in US economic growth has been accompanied by weak investment in private stocks, exports, and foreign and domestic fixed investments, as opposed to an increase in personal consumption spending, government spending, federal government and local and national expenditures.
Indicators and figures
US stocks have closed higher today, with gains in the tech sector and after economic growth data to record record weekly gains.
European equities also rebounded at the end of the session as the central bank had hinted that interest rates would be reduced to record weekly gains.
The ECB has lowered its forecasts for economic growth and inflation this year and 2020.
The Japanese Nikkei fell from a two and a half month high, but managed to earn weekly earnings.
In contrast, the North Korean economy has experienced the largest contraction in 21 years with economic sanctions.
While the Russian central bank has lowered interest rates in line with expectations with warnings on economic growth.
Business results
Twitter revenue increased 18% in the second quarter to exceed badysts' estimates.
The number of users increased by 14% per day more than expected and the stock jumped 9% at closing.
Intel reported earnings higher than badysts' expectations for the second quarter and raised its outlook for 2019.
While McDonald's profits have risen in the second quarter of this year, revenues have fallen but have exceeded badysts' expectations.
While Nestlé's revenues increased in the first half of this year, they recorded a decline in profits.
Renault's profit fell by 50% in the first half of this year and revenues dropped.
High oil and gold
Oil prices rose at the close of trading today, posting weekly gains after data from the platforms.
Baker Hughes revealed that US oil rigs fell for the fourth week from 3 to 776 platforms, while natural gas platforms were down.
Gold prices also rose after growth data in the United States, but recorded the first weekly losses in 3 weeks.
[ad_2]
Source link
