Hello readers,
Today, we witnessed a significant market rebound following the quarterly results of tech giants.
Microsoft and Google parent Alphabet reported positive outcomes, with the latter announcing its first-ever dividend and a $70 billion buyback program. This news led to a rise in the S&P 500 index and the tech-heavy Nasdaq Composite.
Additionally, keep an eye on Japan's plunging yen, which was nearing 158 to the dollar at publication time. It has lost more than 15% against the dollar since the beginning of the year making it the worst performing G7 currency.
Other notable events include Exxon Mobil's substantial capital expenditures since 2019, resulting in increased production volume and record gross production in specific areas.
Furthermore, the mining industry is abuzz with Anglo American's rejection of BHP's advances, setting the stage for potential strategic shifts in the sector.
As we look ahead, next week promises corporate news, including earnings from Amazon and Apple, culminating in a closely-watched monthly payrolls report on Friday.
Stay tuned for more updates and analysis.
Best regards,
Daniel Silva
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