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It wasn’t an easy day for stocks in Asia-Pacific. They suffered losses on December 23.
The core consumer prices in Japan, one of the largest economies in the world, jumped by 3.7% last month on an annualized basis. It was the fastest rise in several decades.
The Nikkei 225 dropped 1.03% to end its trading day at 26,235.25. In the meantime, the Topix fell 0.54% to close at 1,897.94.
In mainland China, the Shanghai Composite dropped 0.28% to finish its trading day at 3,045.87. Interestingly, the Shenzhen Component also suffered losses on December 23. It fell 0.25% to end its trading day at 10,849.63.
It is worth noting that Australia’s S&P/ASX 200 dropped 0.252% to close at 7,107.7. In South Korea, the Kospi fell 1.83% to close its trading day at 2,313.69.
U.S. stocks suffered losses on December 22.
For example, the Dow Jones Industrial Average dropped 348.99 points, or 1.05%, to close at 33,027.49. At some point on December 22, the Dow Jones Industrial Average fell by 803.05 points. The S&P 500 also declined on December 22. It dropped 1.45% to 3,822.39. The Nasdaq Composite was also in a tough situation. It fell 2.18% to 10,476.12.
Nike and its quarterly results
On December 20, Nike reported quarterly results. Interestingly, its quarterly results surpassed Wall Street expectations.
Let’s take a look at the results from its second fiscal quarter.
For example, earnings per share surpassed expectations and reached 85 cents. Moreover, the company’s revenue was $13.32 billion.
Nike reported net income for its second fiscal quarter was $1.33 billion compared with $1.34 billion a year earlier.
According to Nike, its revenue rose by 17% to $13.32 billion from $11.36 billion a year earlier.
It is worth noting that inventories jumped by 43% to $9.3 billion in its second fiscal quarter compared to the same period of time last year.
We shouldn’t forget about one important topic as well. Are you interested in online brokers?
As we all know, there is no shortage of online brokers. However, not all of them are suitable for all types of traders. Hopefully, there are online brokers that are suitable for inexperienced and experienced traders alike. One of them is TLMmarkets.
We need to mention that the above-mentioned online brokerage platform is focused on mobile trading. It is hard to deny the fact that mobile trading isn’t particularly popular among traders; however, it is a good idea to give it a try.
The people behind TLMmarkets worked hard in order to create a user-oriented platform. It has the potential to make your life easier.
Moreover, it makes sense to learn as much as possible about the forex market, stocks, commodities, etc. The easiest way to gather more information is to start reading articles about various assets.
Moreover, there is no need to check the information about TLMmarkets. We examined every single piece of information about the broker. We came to the conclusion that it is a reliable platform. However, it is a good idea to read the TLMmarkets review in order to learn even more about TLMmarkets.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.