Ongoing reporting from the world’s leading markets: important updates, prominent stocks, bonds and analyst updates
23:00 – Wall Street ended a crazy day during which it recorded increases of almost 2%; However, optimism became pessimistic with the news of the first contraction in the U.S. omecron strain; the indices changed direction and ended the trading day with sharp declines. The Dow Jones fell 1.3%, the S&P 500 lost 1.2%, and the NASDAQ index fell 1.8. %.
22:18 – The turnaround is complete – Wall Street has gone downhill. NASDAQ loses 1%, Dow Jones drops 0.5%.
The price of WTI crude oil fell 0.9% to $ 65.6 a barrel. Brent dropped 0.5 percent to $ 68.9 a barrel.
21:35 – The US economy continued to grow at a moderate pace in November, but businesses in many areas continued to raise prices, according to the Beige, published tonight by the Federal Reserve. In the 12 districts of the Fed.
20:40 – Gold was up 0.4% ($ 7.80) today to $ 1,784.30 an ounce.
19:20 – Europe also records a daily comeback: the German DAX jumped 2.5%, the British Potsy strengthened 1.6% and the French CAC jumped 2.4%. The Stokes 600 top stocks on the continent rose 1.8%.
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Frankfurt Stock Exchange
(Photo: Bloomberg)
18:30 – Powell added in his testimony in the House of Representatives that he does not expect that accelerating the reduction of the acquisition program will result in a disruption in the stock exchanges.
18:25 – The warnings of senior US economists (finance minister and Fed chairman – see previous update) do not prevent the daily rebound – the S&P 500 jumps 1.9%.
US Treasury Secretary Janet Yellen added that “companies are suffering from a serious turnover in the workforce. We are seeing a decline in the participation rate of workers in the labor market. “Inflation is still expected to decline in the second half of 2022.”
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On the right, Fed Chairman Jerome Powell and US Treasury Secretary Janet Yellen
(Photo: AP)
17:30 – The U.S. Manufacturing Index (ISM) rose 61.1 points from 60.8 points in October, according to market economists’ forecasts, despite the continuing difficulty in satisfying consumer demand due to the shortage of workers creating supply chain problems.
16:30 – The swing on Wall Street also continues in early December, under the shadow of the variant and Fed Powell chairman’s remarks last night that given the high inflation figures “it would be right to end the purchase plan earlier”:
The Dow Jones industrial average is up 0.6%, the Nasdaq is up 1.2% and the S&P 500 is up 1.1%. The 10-year US bond yield is strengthening by 4 basis points to 1.54%. U.S. oil WTI rose 3.6 percent to $ 68.52 a barrel.
Salesforce in a disappointing forecast – the stock is cut by 6%. Twitter recorded a 52-week low last night and rose 4% in the opening, Katherine Wood’s ARK fund took advantage of the low price and bought 1.1 million shares.
16:20 – The United States registers an increase of 534,000 jobs in November in the private sector, above forecasts for an increase of 506,000 jobs. This is the third month in a row of over half a million jobs added to the private sector.
At the same time, there is still a shortage of workers in the private sector compared to the period before the epidemic, which leads to supply chain problems and output and supply that do not meet consumer demand. Also, the new variant may cause a reversal in the trend in December compared to recent months in terms of employment.
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USA: Third month in a row of over half a million jobs added to the private sector
(AP)
14:15 – Towards the opening of trading on Wall Street: Contracts for Dow Jones are up 0.9%, contracts for NASDAQ are up 1.4% and S&P 500 is up 1.3%; Salesforce is down 6.3% after a disappointing forecast (see this morning’s update).
Apple as a safe haven: Apple stock, which climbed Ethel by 3.2% against declines across the market, closed a monthly rise of almost 10% – and continues in the same direction, with a 1.7% rise in the pre-war.
In pre-bank: Wells Fargo and Morgan Stanley up 1.7%, Bank of America and Citigroup up 1.5%, JPMorgan up 1.2%.
WTI oil prices rose 4.4% to $ 69.1 a barrel, and Brent rose 4.7% to $ 72.5 a barrel; In Europe: Dax and Kak are up 1.6%, Potsey is up 1.5%.
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Apple CEO Tim Cook
(Photo: Reuters)
12:50 – Shares of Hewlett Packard Enterprise fell 1.7 percent in the pre-quarter after reporting earnings of $ 2.55 billion or $ 1.91 per share in the fourth fiscal quarter – up from $ 157 million or 12 cents a share in the same quarter last year.
Adjusted earnings were 52 cents a share – 4 cents above analysts’ expectations; Revenue rose 2% to $ 7.35 billion, in this case below market expectations of $ 7.38 billion.
12:10 – Barclays and Standard Chartered are leading a day of gains in UK banking, with plus 2.5% and 2.9% respectively. Netwest is up 1.8% and Lloyds is up 1.6%. In Paris – Société Générale is up 3.1% and GDP is up 2.3%; In Frankfurt – Deutsche Bank is up 2.4% and Commerzbank is up 3.3%; Banco Santander is up 2.4% in Madrid.
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(Photo: Bloomberg)
11:15 – Closing in Asia: Nikkei and Shanghai rose 0.4%, Hang Seng rose 0.8%, Kospi rose 2.1% – Samsung climbed 4.4% and LG rose 3.9%.
10:30 – Right-footed entry to December on European stock exchanges: the DAX is up 0.8%, the Kak is up 0.7% and Potsey is up 1.1%.
The sharp rises in oil are pushing up sector equities: of rising 2.6% and BP climbing 3% in London; I rise by 2.4% in Milan, Total by 2% in Paris.
Green also in commodities in London: Anglo American up 2.9%, Glencore up 2.5%, Rio Tinto up 2.4%; In aviation – IAG and EasyJet are up 3%, Air France is up 1.6%, Lufthansa is up 1.9%, Wizz Air is up 3.5%.
Brent prices are up 3.7% to $ 71.8 a barrel, WTI is up 3.6% to $ 68.6 a barrel; Contracts for Dow Jones are up 0.6%, for NASDAQ are up 1.3% and for the S&P 500 are up 1%.
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(Photo: Shatterstock)
8:00 – After last night’s sharp declines in oil: Brent is up 3.4% to $ 71.6 a barrel, WTI is up 3.1% to $ 68.3 a barrel. Gold rose 0.4 percent to $ 1,783.30 an ounce.
7:20 – Changing direction: Asian markets enter December on the right foot, and are not thrilled by the sharp declines recorded last night on Wall Street (the Dow Jones and S&P 500 indices fell by 1.9%, the Nasdaq fell by 1.6%). The Nikkei index rises by 0.8%, Hang Seng is up 1.4%, Shanghai is up 0.1% and Kaspi is up 2.3%.
Samsung is up 4.5% in Seoul, a day after unveiling its new chips for the automotive industry, and has announced it will supply them for a Volkswagen project. Shares of LG, a partner in the German carmaker’s project, are up 3%.
In Hong Kong – Tencent is up 2.2%, Maitouan is up 3.9%; In Tokyo: Rakuten is up 2.5%, Toyota is up 2.3%.
The cloud giant is losing altitude
Salesforce fell 6.2 percent in late-year trading in New York after issuing a disappointing forecast and despite the financial results exceeding market expectations. Salesforce ended its third fiscal quarter with earnings of $ 648 million or 47 cents a share.
Adjusted earnings were $ 1.27 per share and revenue was $ 6.86 billion (compared to $ 5.42 billion in the same quarter last year). Analysts had expected much lower adjusted earnings, at 92 cents a share, and revenue of $ 6.8 billion.
The company’s forecast for the current quarter (fiscal fourth) stands at adjusted earnings of 73-72 cents per share and revenue of $ 7.23-7.22 billion. Analysts expect higher adjusted earnings, at 82 cents a share, and higher revenue, of $ 7.24 billion.
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(Photo: Bloomberg)
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