Results season as a rescue or an anchor for Wall Street? [Video comment]

Wall Street's performance season has started off in full swing. The expectations showed an 11% drop in revenues and a 43% drop in profits on an annual basis. So far, companies have been gaining positively, although expectations have also been relatively low. What about the results Tesla?

We invite you for a morning analysis with Michał Stajniak with a commodity market analyst XTB.

Results of Wall Street companies

• Further records on Wall Street - US100 at historic heights, S & P500 it is a plus for this year for a moment. DAX at most since February, and then falls.
• Strong economic data from around the world. China's GDP surprises, US retail sales positive. However, the number of unemployed is growing.
• Positive surprise of the US results season, however, in relation to historical data, this is a sharp decline.
• The euro looks at the aid package from the EU
• Will China sink American soybeans?

In addition, due to the very dynamic situation caused by the spread of coronavirus worldwide, additional ones will be made available video reports on the impact of coronavirus on the global economy, analysis of the situation on gold market and crude oil.

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About the host

Michał Stajniak

Michał Stajniak - Raw Material Market Analyst in XTB. Particular emphasis is placed on the links between the behavior of commodity prices and the currencies of economies heavily dependent on exports of goods such as oil, iron ore, gold and milk powder. He is the author of frequent comments comparing commodity price indices with currency pairs such as AUDUSD, NZDUSD, USDCAD, USDNOK and EURNOK. He represents XTB in the media (including TVN24 BIS, Polsat News, TVP Info, Bankier TV and Onet TV) and is the author of articles in financial press such as Parkiet, PulsBiznesu and Dziennik Gazeta Prawna. He is a stock market and derivative market practitioner. In his approach, he values ​​fundamental analysis above all, but he often uses Fibonacci levels to determine the supply and demand zones needed in Price Action. A graduate of Quantitative Methods in Economics and Information Systems at the Warsaw School of Economics.

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