Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
07:55
Asian stock markets are trading in a mixed trend today. The Hang Seng index in Hong Kong registered an increase of about 0.2%, in Tokyo the Nikkei was cut by 1.3% and in Seoul the Kospi climbed by 1.1%. The Shanghai Stock Exchange is trading stably.
● How will the upheaval in the foreign exchange affect our pensions?
The contracts on Wall Street register increases of up to 0.8%, after yesterday the trading day closed with a mixed trend – the Nasdaq index registered an increase of about 0.1%, the S&P 500 index retreated at the end by about 0.1% and the Dow Jones registered a decrease of about 0.2% .
stock Nvidia It jumped about 9% in late trading in New York after the company posted good reports. The chip giant reported revenues of $6.05 billion in the last quarter, about $3 million more than expected, and an adjusted profit of 88 cents per share, 7 cents more than expected.
In the bond arena, yesterday the American bond market saw a decrease in yields. The yield on the US government’s 10-year bond decreased by approximately 3 basis points to approximately 3.92% and the yield on the two-year bond decreased by a basis point to approximately 4.69%. Now there is stability in trading.
● Investment managers recommend where to put the money when the markets are turbulent
In the commodity market, there are slight increases in crude oil contracts after they fell by about 3% yesterday. American WTI oil is trading around $74.3 per barrel and Brent oil is around $81 per barrel. Gold was almost unchanged at $1,836 an ounce.
In the global forex market, the dollar weakened by up to 0.1% against the euro, the pound and the Japanese yen.
Increases are recorded in the crypto market. Bitcoin climbs by 2.5% and trades around $24,400 and Ethereum rises by about 3% and trades around $1,665.
In the macro field, last night the minutes of the last meeting of the “Open Market Committee” of the Fed were published. The minutes show that the heads of the Fed are determined to continue the war against high inflation in the US and noted that although there is a noticeable slowdown in the rate of inflation, more interest rate hikes are still necessary in the coming months.
Today (Thursday) the consumer price index in the Eurozone will be published, where inflation is expected to rise from 8.5% in December to 8.6% in February (last 12 months), despite an estimated monthly decrease of 0.2%. At 15:30, growth data in the US will also be published (a 2.9% increase in fourth quarter GDP is expected).