Our view on Johnson & Johnson....uptrend above 149.50, downtrend below 145.50
Ebay now expects full-year adjusted profit between $3.47 and $3.59 per share. Analysts were expecting $3.51 per share, according to IBES data from Refinitiv.
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Online grocery shopping will double its share of the UK market over the new few years, building on a huge increase during the coronavirus lockdown, internet supermarket and technology group Ocado forecast on Tuesday.
"We'll see another doubling of the market in the next few years," Ocado CEO Tim Steiner told reporters.
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TUI cancels all holidays to mainland Spain to Aug. 9
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Investors seeking shelter from the turbulence in markets have found a new haven: Chinese sovereign bonds.
Foreign capital flowed into locally denominated Chinese government bonds in the second quarter at the fastest pace since late 2018, according to data from CEIC, an economic data provider. It surpassed 4.3 trillion yuan ($619 billion), the highest on record.
International ownership of China’s debt has been on the rise in recent years as Beijing has made it easier to buy and sell and after the securities were added to key bond indexes beginning in 2019. Passive bond funds try to match the composition of those indexes. And active investors have found the relatively higher yield and stability of the Chinese bond market attractive.
Investors seeking shelter from the turbulence in markets have found a new haven: Chinese sovereign bonds.
Foreign capital flowed into locally denominated Chinese government bonds in the second quarter at the fastest pace since late 2018, according to data from CEIC, an economic data provider. It surpassed 4.3 trillion yuan ($619 billion), the highest on record.
International ownership of China’s debt has been on the rise in recent years as Beijing has made it easier to buy and sell and after the securities were added to key bond indexes beginning in 2019. Passive bond funds try to match the composition of those indexes. And active investors have found the relatively higher yield and stability of the Chinese bond market attractive.
"Business resilience is a much sought-after attribute in the current economic climate and Unilever has certainly got the right ingredients," said Russ Mould, investment director at AJ Bell.
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