2024-03-14 16:28:00
The three main indices are trading stably without significant movements, despite disappointing macro data published today. The market did not respond sharply to the price index published two days ago and surprised with inflation of 3.2%, compared to the expected 3.1%. Yesterday the indices closed in a mixed trend and today the futures contracts are up by 0.4%.
To remind you, last week the employment market data were also published, which indicate the state of the American economy. The data was a bit confusing for the market – on the one hand the unemployment rate rose to 3.9%, which encourages an interest rate cut, but on the other hand the number of new jobs added was 275 thousand, higher than the expected 198 thousand.
Today’s trading will be conducted between 15:30-22:00 due to the switch to daylight saving time in the USA.
Macro
Today the producer price index was published, which registered an increase of 0.6% in February, higher than the expected increase of 0.3%. In the last 12 months, the PPI increased by 1.6% compared to an expected increase of 1.1%. The retail sales figure also disappointed compared to expectations and indicated an increase of 0.6% in February (compared to January), lower than the expectation which was an increase of 0.8%.
The average amount Americans pay on household bills increased by 4%. The average American household spending on bills was $25,513 – about 34% of the average household income.
TikTok may be on the shelf soon – but who will buy it? After the surprising vote of the American legislature that will force Tiktok to change hands or it will be blocked in the country, the question arises, who will buy the social network? Similar to the previous round in which Oracle won, this time it may not be easy to find a buyer.
After a 30% drop – is Tesla stock TESLA INC -4.03% Close:0 Open:167.59 High:171.17 Low:161.88 Cycle:– to the page quote news graphs company profile recommendations more articles on the subject: interesting? – Tesla’s delivery forecast is on a downward trend and with it the earnings forecast. Wall Street predicts that Tesla will deliver 2.1 million vehicles in 2024, when a few months ago the figure was 2.3 million units. Earnings per share are now expected to stand at $3, compared to $4 before
Israeliness on Wall Street
Eurogene Eurogene Pharma -12.08% Close: 0 Open: 16.77 High: 16.89 Low: 15.02 Turnover:– page quote news graphs company profile recommendations additional articles on the subject: falls by 13% after reporting for the fourth quarter a loss per share of 72 cents, while the expectation on Wall Street was for a loss of 67 cents. The company surpassed analysts’ expectations in the revenue section by 5.52% with $23.53 million.
Zim Zim -8.86% Close:0 Open:9.92 High:9.94 Low:9.15 Turnover:– Page Quote News Graphs Company Profile Recommendations Additional articles on the subject: published disappointing reports; The stock is down 9% after it fell 14% yesterday after the reports – in the fourth quarter of 2023 Zim brought in $1.2 billion compared to $2.2 billion in the corresponding quarter, a drop of 45% and below analysts’ expectations of revenues of $1.28 billion; The adjusted loss per share amounted to $1.23 in the quarter.
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