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February 2nd - Walt Disney (DIS.N) reported in its first-quarter fiscal year report that both sales and profits exceeded expectations, thanks to record $10 billion in revenue from its theme parks and cruise lines. The majority of the profits came from the theme parks and cruise lines, led by Josh DAmaro, who is considered a candidate to succeed Bob Iger, who is scheduled to leave the company this year, as CEO. Disney said Monday that the theme parks segments profit increased by 6% year-over-year to $3.3 billion, driven by increased visitor numbers, higher visitor spending, and the addition of new cruise lines. In contrast, the entertainment segments profit fell by more than a third to $1.1 billion, primarily due to reduced revenue from political advertising on television channels and streaming services, as well as marketing costs related to "Avatar: Ashes." The sports segments profit fell 23% to $191 million, due to increased fees for new broadcasting rights for NBA and college sports events.Oracle (ORCL.N) reversed its pre-market losses and turned positive.February 2nd - Iranian Foreign Ministry spokesman Baghae, when answering questions about negotiations with the United States on February 2nd local time, stated that details of the talks are currently in the decision-making stage, and any media speculation cannot be confirmed. The spokesman said that at this stage, because decisions are still being made, there is no official information regarding the meeting location, time, or whether either side will attend.A spokesperson for the European Commission stated that current data does not indicate that the EU is overly reliant on a single natural gas supplier.South African Automobile Association: New car sales in South Africa rose 7.5% year-on-year in January, reaching 50,073 units.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

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In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

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