Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
23:00
Trading on Wall Street closed down. The Dow Jones fell 0.7%, the S&P 500 weakened 0.3%, and the Nasdaq fell 0.1
stock Meta Jumped about 3.2% towards the end of trading, with the passing of legislation in the White House in the background that will allow the US government to block the competitor TikTok.
22:15
US government bond yields are weakening. The 10-year bond yield is now down a point to 3.91%, and the two-year bond yield is trading without significant change around 4.81%
stock Norwegian Cruise Line Drops by 12% after publishing extremely negative reports. The company reported a loss of $1.04 per share, while the expectation was only 85 cents.
The stock of chips Nvidia weakens by 0.2%, Monolithic adds 0.1%, andSilicone for father jumps by 3%. Chip shares have risen by about 12% in the last month.
20:30
Trading on Wall Street is recovering, after the slight drop at the opening. The S&P 500 index went up 0.4% and the Nasdaq index strengthened by 0.6%. The declines in the Dow Jones narrowed to about 0.3%.
During the month the Dow Jones index fell by about 4%, and since the beginning of the year the index has lost about 1%.
In the commodity market, the increases in oil contracts exceed 2%. The US oil price jumps to $77.2 per barrel and the Brent rises to $83.9 per barrel.
The biomed stock Dentsplay Sirona The manufacturer of dental technology and solutions has published positive quarterly reports and is now jumping 11%.
18:45
Red lock in Europe. Dax lost 0.1%, Putsy fell 0.8%, and Kac fell 0.4%.
In New York, trading moved to a mixed trend. The Dow Jones is down 0.4%, the S&P 500 is down 0.1%, and the Nasdaq is moving up 0.1%.
Historically, March is considered a positive month in the markets – but it is possible that this year the month will continue the downward trend that began in February. From the beginning of the month until yesterday – the S&P index lost about 2.3%, but despite the fall the index is still in a positive balance of 3.7% since the beginning of the year.
stock Goldman Sachs falls by 2.8%.
17:50
Biomed ( CDIO ) Cardio Diagnostics Holdings Inc jumps 133% in New York after announcing today the launch of a genetics-based blood test called PrecisionCHD for the early diagnosis of heart disease.
stock Tesla Falling 1.5%, Apple loses 0.3%, and Nvidia shares weaken by 0.6%.
17:30
Trading in the US is in a negative trend. The Dow Jones loses 0.4%, the S&P 500 is down 0.1%, and the Nasdaq is trading unchanged.
The stock markets in Europe moved to a negative trend. The Potsi index falls by about 1%.
16:30
Trading on Wall Street opened with slight declines. The Nasdaq opened the trading day down 0.1%, the Dow Jones lost 0.3% and the S&P 500 index weakened 0.2% at the open.
US government bond yields continue to rise. The 10-year bond yield increases by 4 points to 3.96%, and the two-year bond yield increases by 3 points to 4.82%.
The mixed trend in Europe continues. The CAC index traded without significant change, while the DAX index added 0.2%, and the FTSE index lost 0.6%.
15:00
Mixed trend in Europe now. The DAX index in Frankfurt rises by 0.3% (and so does the Eurostox 50), the CAC climbs in Paris by another 0.2%, while the British Potsey retreats by 0.4%.
The main stock exchanges in Europe are expected to end February with decent gains. For example, the Avex index of the Spanish Stock Exchange rose by 11% until yesterday, and the flagship indices in the Paris, Frankfurt and Tokyo exchanges rose respectively by 10%, 8.7% and 6.7%. In London, the FTSE climbed by 4.6%.
On Wall Street, the increases in the future contracts are strengthening up to about 0.5%.
The American retail giant Target published its reports and for the first time in a year managed to bypass the profit forecasts of the analysts’ consensus, after its sales in the holiday quarter increased by about 1% compared to the corresponding period last year. The company reported earnings of $1.89 per share in its fiscal fourth quarter (ended Jan. 28), compared to estimates from $1.40 per share. GodRevenues stood at $31.4 billion compared to a forecast of $30.72 billion.
The company gave a conservative forecast for the entire year, saying that customers exercise more discretion when filling the cart at its stores. The company expects sales in the stores to be the same in fiscal year 2023 will vary between a decrease in a low single-digit rate and an increase in a low single-digit rate. The annual profit per share is expected to be in the range of $7.75-8.75 – below Wall Street’s expectations for an annual profit of $9.23 per share.
13:10
The main stock indices in Europe stabilized, while on Wall Street the contracts moved to small increases. Dax, CAC and the Dutch AEX index trade unchanged, while the British FTSE continues to fall by about 0.3%. The pan-European Eurostox 50 moved up 0.1%.
In the commodities market, increases in oil contracts are strengthening up to about 1.8%. The US oil price jumps to $77 per barrel and Brent rises to $83.2 per barrel.
The Swiss Financial Market Supervisory Authority (FINMA) announced that a bank Credit Suisse
“seriously breached his supervisory duties,” in relation to his business dealings with financier Lex Greenseal and his companies. The exposure of the Swiss lender to the UK’s Greenseal Capital resulted in massive returns to investors after the financing company Greenseal collapsed in early 2021.”FINMA came to the conclusion that Credit Suisse Group seriously violated its supervisory duty to identify, limit and adequately monitor risks in the context of the business relationship with Lex Greenseal over a period of years,” the authority said, adding that it also found “serious deficiencies in the bank’s organizational structures” during the period under investigation.
11:30
The declines in the European stock markets continue, as do the futures contracts on the stock indices on Wall Street – which register declines of 0.2%-0.3%.
In the commodity market, crude oil prices are climbing by about 1%. The price of American oil rises to 76.4 dollars per barrel, and Brent oil jumps to 82.7 dollars per barrel. The contracts for natural gas in Europe (TTF) strengthened by about 2.5% to 48.3 dollars per megawatt hour.
10:10
Macro Europe: The consumer price index in France rose by 0.9%, according to preliminary data for the month of February, so that the annual rate of inflation jumped from 6% in January to 6.2%. In Spain, the price index jumped by 1%, when it was expected to remain unchanged, and the annual inflation rose from 5.9% to 6.1%.
Against the backdrop of the disappointing data, trading in European stock markets opened with a negative trend: the German DAX index fell by 0.6%, the French CAC and the pan-European Eurostox 50 shed 0.4%, and the FTSE index in London weakened by 0.3%. Decreases are also recorded in Amsterdam, Milan, Brussels and Stockholm.
Also on Wall Street, the futures contracts on the stock indices went down, and they are now losing up to about 0.3%. At the same time, government bond yields in the US have moved to moderate increases: the 10-year bond yield increases by 3 points to 3.95%, and the two-year bond yield increases by a similar rate to 4.82%.
In Asia, the Nikkei index closed with a slight increase of 0.1%, in China the Shanghai and Shenzhen indices climbed by about 0.7%, in South Korea the Kospi rose by 0.4%, and in Hong Kong the Hang Seng fell by about 0.7%.
07:50
In Asia the trend is mixed this morning. The Hang Seng index in Hong Kong is down about 0.6%, despite the government’s announcement that the requirement to wear masks in public places will end tomorrow, after 945 days. In Seoul the Kospi climbs by 0.3%, and in Sydney the flagship index rises by 0.5%. In Tokyo, the Nikkei falls by 0.1%, and in Shanghai, a decrease of 0.3% is recorded.
● The risk in Tel Aviv has increased: corporate bonds of approximately NIS 20 billion with a double-digit yield
● Oscillating between Tel Aviv and Nasdaq: the mystery of the merger of Hav Security to SPAC
● Investors are looking for signs of optimism, but the bear market is not going anywhere
In Hong Kong, real estate company Country Garden and electric car manufacturer Geely stand out in decline, losing over 5% each, and Alibaba, Longfur, J.D. Com and BYD are also down.
Tonight, industrial production data were published in Japan, according to which production in January fell by 4.6%, when the forecasts were that it would fall by 2.6%. In contrast, construction starts in Japan pleasantly surprised with an annual growth rate of 6.6% in January – well above expectations for an increase of only 1%. Retail sales in Japan jumped at an annual rate of 6.3%, with forecasts for a 4% increase. In Australia, retail sales rose by 1.9% in January, above expectations for a 1.5% increase.
Later, growth data will be published in France, Switzerland and Turkey, as well as preliminary data for the consumer price index in France (which is expected to increase by 0.7% in February, so that inflation will rise from 6% in January to 6.1%) and Spain (which is expected to remain unchanged at the monthly and annual level, 5.9 %). In the US, the Case Shiller house price index and the consumer confidence index will be published.
Wall Street contracts are stable, after the trading week opened higher last night. The Nasdaq index rose by 0.6%the S&P 500 added 0.3%, and the Dow Jones rose 0.2%.
Slight decreases in yields were recorded last night in the US government bond market. This morning the 10-year bond yield rises by a point to 3.93%, and the two-year bond yield is almost unchanged at 4.80%.
In the commodity market, slight increases of up to 0.2% are recorded in crude oil contracts. American oil rises to $75.8 per barrel, and Brent oil rises to $82.3 per barrel. Gold is down 0.2% to $1,814 per ounce.
In foreign exchange, the dollar is currently weakening by 0.2% compared to its representative rate from yesterday and is trading around 3.66 shekels. The euro is stable at 3.88 shekels, and the pound is strengthening by 0.3% to 4.41 shekels. Last week, we will recall, the shekel reached a three-year low against the US dollar – 3.69 shekels to one dollar. In the world yesterday evening there was a 0.5% decrease in the dollar exchange rate in relation to the currency index, with the British pound climbing against it at a sharper rate of about 1%.
In the crypto arena, slight decreases are recorded in the leading currencies this morning: Bitcoin drops to the level of 23.4 thousand dollars, and Ethereum retreats to 1,626 dollars.