Ongoing reporting from the world’s leading markets: important updates, prominent stocks, bonds and analyst updates
23:00 – Wall Street is locked in the green, with the person setting the tone being Twitter stock that jumped 27% after the Musk questionnaire went into a 9.2% stake in the company. NASDAQ led the positive trend with a rise of 1.9%, its best day for more than a week, the Dow Jones added 0.3% and the S&P 500 rose 0.8%. China is considering easing regulation on Wall Street trading companies, and this May reduce the risk of being wiped out of trading, as a result of which Chinese companies have soared, for example JD.com which jumped by 7%, strengthening NASDAQ.
Musk’s Tesla jumped 5.6% following sales figures, and its announcement also pushed social networks Pinterest by 10.4% and Snap by 5.2%. Other technology stocks that have seen gains are Apple, Amazon, Alphabet and Anvidia, which have risen more than 1%.
21:35 – WTI oil rose 4% to $ 103.3 a barrel. Last week, while oil trading closed at a two-year sharp loss in two years, prices rose again today following reports of tougher sanctions on Russian gas and disruptions to the port of Shanghai, which are threatening China’s demand.
20:35 – Gold strengthened 0.5% ($ 10.30) today to $ 1,934 an ounce. This is despite a daily rise in the dollar, bond yields and stock indices on Wall Street. In the background, a correction to last week’s declines.
5 View the gallery
Gold on a positive day despite a daily rise in the dollar, bond yields and stock indices
(Photo: Oleksiy Mark)
19:00 – European stocks closed up plus: the German DAX rose 0.5%, the British Potsy rose 0.3% and the French CAC added 0.7%.
17:40 – U.S. pressure on oil prices does not work – the WTI jumps 4% to $ 103 a barrel, even though US President Biden has ordered the use of reserves in order to stem the spike in prices.
16:30 – Mild movements in the opening of trading on the New York Stock Exchange: the Dow Jones index fell by 0.4%, the S&P 500 without significant movement and the Nasdaq rose by 0.4%.
The Twitter share is up 21% following the entry of Alon Musk into a 9.2% holding in the company. Following the report, shares of the social networks Pinterest and Snap also climbed 6% and 2.5%, respectively.
15:15 – A little more from Alon: Tesla records a quarterly record in vehicle deliveries – over 310,000 in the first quarter, but lower than market analysts’ forecasts. The stock is up 0.8%.
5 View the gallery
Tesla plant in California
(Photo: Getty)
14:10 – Towards the start of the trading week in New York: the contracts for Dow Jones and the S&P 500 without significant movement, the contracts for Nasdaq rise by 0.4%; Twitter jumps by 25% in the pre-week. In other member networks: Pinterest and Snap strengthen by 2 %, Meta less excited and up 0.6%; 10-year US bond yield rises 3 basis points to 2.40%; oil and gold show moderate movements; in Europe: DAX up 0.1%, CAC And pottery rise by 0.2%.
13:50 – JPMorgan CEO Jamie Damon referred in his annual letter to investors including the central bank policy “I am not jealous of the Fed, which needs to decide what it will do next. The stronger the recovery, the higher the interest rate down the road – and I believe it will be higher than market forecasts suggest – and the sharper the monetary contraction. If the Fed manages it right, we could have years of growth ahead, and inflation will eventually go down. In any case the process will be accompanied by strong volatility and a lot of confusion.
The Fed however should not worry about volatile markets as long as they do not hurt the economy. This is because a strong economy overcomes volatility. One thing the Fed does need to do, and it seems to be what it is doing, is to break free from a fixed plan, and give itself complete flexibility – in the rate of interest rate hikes and when it comes to balance sheets. A pad that works on real-time data and events ultimately produces more confidence. Either way, Fed has hard work to do, so let’s all wish us success. “
5 View the gallery
Oak Musk
(Photo: Reuters)
12:30 – Inflation in Turkey soared in March to 61.14%, calculated in 12 months – this is of course the highest level recorded in the country since March 2002, and after a terrible figure of 54.44% in February. In the area of the group, the sharpest price increase was recorded in an annual comparison, at a rate of 99.12%. In the food sector, the increase was 70.33%. On a monthly basis, the consumer price index rose by 5.46% in March compared to February.
11:10 – Closing in Asia: Hang Seng rose 2%, Nikkei rose 0.3%, Kuspi rose 0.7%.
10:30 – Opening of a trading week in Europe: the Dax and Kak indices are down 0.3%, Potsey is up 0.1%; In oil, Brent is up 1.1% at $ 105.50 a barrel, while WTI is up 1.1% at $ 100.4 a barrel.
Deutsche Bank and BNP are down 1.6%, in Frankfurt and Paris respectively. EasyJet is losing 2.3% in London, following the cancellation of over 220 flights over the weekend, after many crew members fell ill in Corona.
Deliberi Hiro shares jumped 12.5% at the top of the DAX index, after the food delivery company reported raising a new debt, amounting to 1.4 billion euros from financial institutions – an amount that will strengthen liquidity and may be used in part to repay existing debts. Delibero Hiro also indicated that it may receive an additional loan of € 375 million from a group of banks.
10:10 – Ryanair narrows its forecast range to the annual loss: The airline expects to report a loss of 400-350 million euros in the fiscal year ended at the end of March, compared to a previous forecast of a loss of 450-250 million euros. The company’s debt fell to 1.5 billion euros, compared to 2.3 billion euros at the end of the previous year.
5 View the gallery
(Photo: APP)
8:30 – EasyJet has canceled over 220 flights since Friday, she said due to many Corona patients among the crew. “As a result of a high rate of Covid infection across Europe, as in many businesses, EasyJet is facing a higher-than-normal number of sick workers. , Stated in the airline announcement.
7:10 – The Hong Kong Stock Exchange is leading the positive trend in Asian markets at the start of the week: the Hang Seng Index is up 1.3%, the Nikkei is up 0.1% and the Cosplay is up 0.3%. No trade took place in China due to the day the tombstones were cleaned.
The technology sector is prominent in Hong Kong: Alibaba is up 2.3%, Ping is up 3.8%, Nateiz is up 4.2%, JD.com is up 5%; Softbank is up 3.3% in Tokyo.
Hong Kong Governor Carrie Lam is stepping down at the end of a five-year term – and will not run for office again. In her role as governor, since July 2017, she has led the mother on a government mission in Beijing to the violation of individual rights and democracy in Hong Kong.
At a news conference today she said that “it is not a matter of evaluating my performance or that of the Hong Kong government during my tenure. It is a question of my personal will and aspirations. The decision is based entirely on family considerations. This is what I said to the Chinese government and they expressed understanding. The earliest opportunity is to inform the public that I will not run for another term. ”
New York indices are up 0.3%; The 10-year US bond yield rises by 4 basis points to 2.42%. .
5 View the gallery
Governor of Hong Kong Carrie Lam
(Photo: AP)