My Investing Muse

With the recent Ukraine conflict, the world has seen changes in relationships shaped by political and economic restrictions. With sanctions applied on Russia, the economic partnership between Europe and Russia has been replaced by other players, notably China. In the article  below , China RMB is already the most popular currency in Russia. An extract from the article: The Chinese yuan has surpassed the US dollar as the most traded currency in Russia, largely because of sanctions imposed on Moscow after it invaded Ukraine 14 months ago. Russian companies and the government have been forced to undertake foreign trade transactions in currencies of allies such as China and India, which have declined to support sanctions imposed by Washington, the European Union and other nations because of the strong reaction to the first conflict in Europe since World War II. The behaviour & actions of the US has caused itself to be distant from several countries. The US has gotten into trouble w...

Public Holidays (Singapore, USA, China & Hong Kong) Nil Earnings Calendar This is a big week of earnings, especially when it involves the Big Tech.  I would pay close attention to Alphabet (Google), Microsoft, Apple and Amazon especially.   As per the CNBC news article dated 11th July 2022 (above), the Tech companies will have much impact on both the market and the USD due to their global footprint. For the automotive makers, General Motors & Ford are due to report their progress.  ExxonMobil and Chevron are due to update their earnings for the energy players.  Apart from these, pharmaceutical players of Pfizer, Merck and AbbVie are due to update too.  A close look at P&G will reveal how the typical household is spending to navigate in such circumstances. The outlook can provide a glimpse as these cover the consumption  In essence, this is an important week for the earnings for the entire US market with key market players .  During the...