Home Depot misses sales expectations in the second quarter – stock under pressure

The world’s largest home improvement retailer, Home Depot, missed analysts’ sales expectations in the second quarter of fiscal 2023. Sales decreased 2% from the year-ago quarter to $42.9 billion, compared with consensus of $42.23 billion. Comparable sales, which measure sales in stores that have been open at least one year, also fell 2%. Earnings per…

Economic Calendar: Japan’s Economic Outlook – GDP Growth and Potential Market Movements

This evening, Japan will announce its GDP data for the second quarter of 2023. Expectations for robust growth are based on global demand growth for Japan’s exports. Current year-on-year GDP growth is 1.3%, up from 0.4% the previous month. The forecast for this quarter is 2.7%, signaling a remarkable increase. Higher GDP growth promises a…