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Nike Q2 earnings preview. Nike is set to reveal Q2 earnings later today. Wall Street expects revenue growth of 10.7% year on year to $12.6 billion as it benefits favorable consumer trends for sports and leisure wear. Meanwhile, diluted EPS is forecast to decline 20% to $0.66. Nike has topped profit estimates for the past nine quarters. Demand in the US could remain strong as the US consumer has proved to be resilient despite high inflation. However, the picture in China could be more important and is expected to show a rebound in sales in Q2 after declining 16% in…
DAX => The index rises towards 14000BTC/USD => The cryptocurrency falls towards 16.5kUSD/JPY => The pair falls to 136.00 Could German IFO business climate data boost the DAX? The DAX fell 3.3% last week, marking its third straight week of losses after the ECB adopted a more hawkish tone and warned of significantly more interest rate hikes to come. Higher interest rates for longer raised concerns of a deeper recession in Germany. Investors shrugged off a better-than-expected German composite PMI of 48.9 in December, up from 46.3 in November, which still indicated that the economy was contracting. Today the DAX…
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