Post by Dave on Jul 28, 2020 2:00:38 GMT -8
And a good morning to all. It’s another green morning at +$1.15 at this moment. Let’s see what today’s roller coaster ride will be like.
GLOBAL MARKETS -Asian stocks set to rise on U.S. stimulus hopes, gold hits record
Apple’s New Services Off to a Slow Start in First Year
GLOBAL MARKETS -Asian stocks set to rise on U.S. stimulus hopes, gold hits record
By Suzanne Barlyn
NEW YORK, July 27 (Reuters) - Asian equities were set for a modest rise on Tuesday as investors weighed progress in U.S. government stimulus efforts against rising tensions with China and the growing coronavirus pandemic, while gold hit a record high.
Gold jumped more than 1% to surpass its 2011 peaks, and put $2,000 per ounce in sight, as investors expected the U.S. Federal Reserve to reaffirm its dovish message this week.
"I think we're going to have a fairly modest start to trade," said Commsec Senior Economist Ryan Felsman in Sydney, pointing to Asian futures rising overnight.
"Certainly, there was a positive lead in from the United States," Felsman said.
NEW YORK, July 27 (Reuters) - Asian equities were set for a modest rise on Tuesday as investors weighed progress in U.S. government stimulus efforts against rising tensions with China and the growing coronavirus pandemic, while gold hit a record high.
Gold jumped more than 1% to surpass its 2011 peaks, and put $2,000 per ounce in sight, as investors expected the U.S. Federal Reserve to reaffirm its dovish message this week.
"I think we're going to have a fairly modest start to trade," said Commsec Senior Economist Ryan Felsman in Sydney, pointing to Asian futures rising overnight.
"Certainly, there was a positive lead in from the United States," Felsman said.
Apple’s New Services Off to a Slow Start in First Year
Bloomberg) -- Apple Inc.’s newest services have yet to generate meaningful revenue, making it harder for the largest technology company to expand beyond the iPhone and other hardware.
Last year, the Cupertino, California-based company launched four new services: TV+, Arcade, News+ and the Apple Card. After a few quarters on the market, the offerings haven’t contributed much to Apple’s top line.
When Apple reports results on July 30, investors will be looking for updates on these offerings. Services growth has been a bright spot in recent years as iPhone sales have slowed. For the fiscal third quarter, analysts forecast $13.1 billion in revenue from services, up 15% from a year earlier. Most of those gains will come from existing services, such as the App Store and licensing deals, rather than the new offerings.
Last year, the Cupertino, California-based company launched four new services: TV+, Arcade, News+ and the Apple Card. After a few quarters on the market, the offerings haven’t contributed much to Apple’s top line.
When Apple reports results on July 30, investors will be looking for updates on these offerings. Services growth has been a bright spot in recent years as iPhone sales have slowed. For the fiscal third quarter, analysts forecast $13.1 billion in revenue from services, up 15% from a year earlier. Most of those gains will come from existing services, such as the App Store and licensing deals, rather than the new offerings.