The week ahead | Calamatta Cuschieri

Monday 4th September sees American markets closed as the nation celebrates its Labour Day and the contributions that its workers have made to the strength, prosperity, laws and well-being of the country.

calamatta_cuschieri
Calamatta Cuschieri
4 September 2017, 12:10pm
Hewlett Packard Enterprise, will release its earnings reports for fiscal quarter ending July 2017 tomorrow
Hewlett Packard Enterprise, will release its earnings reports for fiscal quarter ending July 2017 tomorrow
US Holidays

Monday 4th September sees American markets closed as the nation celebrates its Labour Day and the contributions that its workers have made to the strength, prosperity, laws and well-being of the country. European and Asian markets will continue trading as normal.

North Korean Missile Threats

Geopolitical tensions continue building as South Korean officials warn over a potential North Korean inter-continental ballistic missile launch. Chang Kyung-soo, acting chief of the defence ministry’s policy planning office, told lawmakers on Monday that North Korea was making preparations for a missile firing, but didn’t give a timeframe for a potential launch. The yen extended gains against the dollar after the news.

HP Earnings report

US Technology giant, Hewlett Packard Enterprise, will release its earnings reports for fiscal quarter ending July 2017 on Tuesday, 5th September. The consensus EPS forecast for the quarter is $0.26. The reported EPS for the same quarter last year was $0.49. HP has recently completed the latest spin-off in its seemingly endless reorganisation on Friday, and shares fell in response to the company’s reduction in size.

Nissan’s New Electric Leaf

Nissan Motor Co. Ltd. will launch its redesigned Leaf this week, with all eyes on how the all-electric vehicle’s battery range will stack up against its Tesla Inc. and General Motors Co. competitors. It remains to be seen whether the battery range will go up, or whether Nissan will offer options in battery size at different price points, offering a larger range on costlier trims. The 2017 model, which starts around $31,000, offers a range of 107 miles.

The Leaf’s current battery range compares with at least 220 miles for the Model 3, which Tesla launched in late July, and 238 miles for GM’s Chevy Bolt. The Model 3 starts at $35,000, while the Bolt starts at $38,000. The battery range on the new Leaf will likely be around 150 miles.

 

Disclaimer:

This article was issued by Peter Petrov, Junior Trader at Calamatta Cuschieri. For more information visit, www.cc.com.mt. The information, view and opinions provided in this article is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.

 

calamatta_cuschieri
Calamatta Cuschieri is one of Malta’s largest financial services firms. The company offe...