Ongoing reporting from the world’s leading markets: important updates, prominent stocks, bonds and analyst updates
Interactive TV | Edition 03.05.22: Australia surprises with interest rate hike
23:00 – The second trading day of the current week closed with price increases pending a US interest rate decision tomorrow, with an increase of 0.5%.
21:35 – WTI oil closed down 2.6% to $ 102.4 a barrel amid fears of demand in China facing the corona wave and restrictions that began in Beijing. Brent fell 2.4 percent to $ 105 a barrel. Natural gas soared 6.4 percent to $ 7.95 a unit.
20:50 – After falling 2.5% yesterday, the gold price closed today with a moderate increase of 0.4%, and is set at $ 1,870.60 per ounce.
20:30 – Zim stands out today among Israelis with a jump of 9.4%, Solaredge rises by 3.5%. On the downside side, Lumenide is down 3.9%, Riskipade is down 3.5%, and Faber is down 3.2%.
20:10 – In the tech giants: Apple is up 0.9%, Microsoft Meta is up 0.8%, Alphabet is up 1.1%, while Microsoft is down 1% and Amazon is up 0.4%.
19:10 – The Wall Street indices have abandoned the baseline in favor of the green color: Dow Jones is up 0.7%, Nasdaq is up 0.6% and S&P 500 is up 1%. Banks stand out: JPMorgan is up At 3%, Goldman Sachs is up 2.8%, Bank of America and City are up 3.8%, Morgan Stanley is up 3.3%, Wells Fargo is up 1.9%.
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(Photo: Bloomberg)
19:00 – For the first time in a few days, the sellers seem exhausted, and the shorts holders are a little more nervous than the lunges. Not many people really think we’ve reached the bottom but even bear investors fear a strong rebound, “said Adam Crisafulli of Vital Knowledge in a review sent to investors (quoted on CNBC).
Closing in Europe: Dax up 0.7%, Kak up 0.8%, Potsey up 0.2%, European Stokes 600 up 0.4%.
17:30 – JPMorgan and 3M rise 1% at the top of the Dow Jones index, Nike loses 3.5% at the bottom of the index.
16:30 – Trading opened, coinciding with the opening of a meeting of the Fed’s free market committee, ahead of the announcement of the interest rate decision tomorrow: the Dow Jones and S% P 500 indices are up 0.1%, the NASDAQ is down 0.3%.
After the reports: Teva falls by 1%, Estee Lauder falls by 8%, Pfizer falls by 0.7%, Hilton is stable, Avis Budget climbs by 5.2%, Expedia falls by 6.5%.
The 10-year US bond yield abandons the 3% level with a fall of 8 basis points to 2.92%; WTI oil is down 2.1% to $ 103 a barrel; Gold is stable, at $ 1,862.70 an ounce; In Europe: Dax is up 0.1%, Kak is up 0.3%, Potsy is down 0.4%.
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Carr Schultz CEO of Teva
(Photo: Abigail Uzi)
15:30 – Avis Budget soars 8.2% pre-emptively. The car rental giant reported earnings of $ 27 million or $ 9.71 per share in the first quarter, compared to a loss of $ 170 million or $ 2.43 per share in the corresponding quarter.
Adjusted earnings were $ 9.99 per share, compared to analysts’ expectations of only $ 3.45 per share. Revenue jumped 77% from the first quarter of 2021 to $ 2.40 billion – expectations were $ 2.16 billion. The revenue line reflected a 27% increase compared to the first quarter of 2019, the days before the epidemic.
15:20 – Expedia reported 80% first-quarter revenue growth to $ 2.25 billion, compared to $ 1.25 billion in the same quarter last year. The adjusted loss per share was 47 cents. Analysts had expected revenue of $ 2.25 billion and a loss of 48 cents a share. The stock is up 0.5% before.
15:15 – Hilton Worldwide Holdings reported net income of $ 21 million or 75 cents a share in the first quarter, compared to a loss of $ 108 million or 39 cents a share in the same quarter last year. The stock loses 3% in the pre.
Adjusted earnings were 71 cents a share, compared to analysts’ expectations of 66 cents a share. Revenue soared 197% to $ 1.72 billion, while buoyancy stood at $ 1.75 billion.
The average income per room was $ 80.84, an increase of 80.5% compared to the same quarter in 2021 but still a decrease of 17% compared to the same period in 2019, before the plague. Market expectations were at $ 81.20.
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The Hilton Hotel in New York a
(Photo: Hilton)
14:50 – Paramount loses 4.2% in advance (Paramount): The media group (formerly ViacomCBS) posted net income of $ 433 million or 64 cents a share in the first quarter, compared to $ 911 million or $ 1.44 per share in the same quarter last year.
Adjusted earnings were 60 cents a share, 8 cents above analysts’ expectations. Revenue was $ 7.33 billion, compared to $ 7.41 billion in the same quarter last year – expectations were $ 7.39 billion.
The number of Paramount + streaming subscribers increased by 6.8 million and stood at over 62 million at the end of the quarter. Revenues from subscriptions in all of the company’s services grew by 95%, and revenues from advertising increased by 59%.
14:35 – Estee Lauder plunged 9.5% pre-trade after publishing reports that missed revenue expectations and cut the forecast for the entire fiscal year.
The cosmetics company ended the third fiscal quarter with revenue of $ 4.25 billion and adjusted earnings of $ 1.9 per share. This while the market expected revenue of $ 4.32 billion and earnings of $ 1.67 per share. The company announced that it had lowered its forecast for fiscal 2022 due to the effects of the Russian invasion of Ukraine and the closures in China.
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(Photo: Reuters )
14:30 – Materials giant DuPont reported earnings of 83 cents a share and revenue of $ 3.3 billion – analysts had forecast earnings of 67 cents a share and revenue of $ 3.2 billion.
14:10 – Trading on Wall Street is expected to open in declines, according to futures contracts on leading indices. Contracts for the Dow Jones and S&P 500 weaken by 0.4%, contracts for NASDAQ fall by 0.5%. Israeli Teva loses 2.6% after missing revenue expectations for the first quarter and cutting its annual revenue forecast.
The pharmaceutical company reported revenue of $ 3.66 billion and adjusted earnings of 55 cents per share in the first quarter of 2022, compared to analysts’ expected revenue of $ 3.74 billion. In the profit line, Teva lived up to expectations.
This is a further weakness that characterizes the Israeli pharmaceutical company, which is unable to present a significant recovery. Against this background, Teva announced a reduction in its annual revenue forecast for the range of $ 15.4 billion to $ 16 billion, compared with a previous revenue forecast of $ 15.6 billion to $ 16.2 billion.
14:00 – Pfizer climbs 1.5% pre-trade on Wall Street after surpassing first-quarter market forecasts.
The pharmaceutical company ended the quarter with revenue of $ 25.7 billion and adjusted earnings of $ 1.62 per share, while analysts expected revenue of $ 24.1 billion and earnings of $ 1.52 per share. This is a 77% jump in revenue compared to the corresponding quarter last year.
Revenue from vaccines jumped to $ 14.9 billion in the first quarter from $ 4.9 billion in the same quarter last year. The company confirmed its early forecasts for revenues of between $ 98 billion and $ 102 billion in 2022 as a whole, but lowered its annual adjusted earnings forecast to a range of $ 6.25 to $ 6.45 per share. The previous forecast was for earnings of $ 6.35 to $ 6.55 per share.
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13:25 – Oil prices are weakening as fears of hurting demand for black gold in the face of closures in China outweigh expectations of hurting oil supply due to the boycott of Russian oil.
WTI crude fell 0.7 percent to $ 104.5 a barrel, Brent crude fell 0.8 percent to $ 106.7 a barrel.
The gains in the leading indices in Europe have moderated – the Dax index is up 0.1%, Kak is up 0.4% and Potsey is down 0.8%.
The profit figure, which is considered equivalent to net income in energy company reports, was $ 6.2 billion, compared to a profit of $ 4.1 billion in the previous quarter and $ 2.6 billion in the corresponding quarter in 2021. Market analysts expected BP to make a profit of $ 4.5 billion.
However, BP reported a $ 20.4 billion loss it recorded following its exit from its holdings in Rosneft in response to the Russian invasion of Ukraine.
“We made the decision to leave Russia within 96 hours of the start of the invasion, and today we are seeing the financial implications of that decision,” BP CEO Bernard Lonnie told CNBC.
Lonnie added that the company started the year “very well” and that the debt – which dropped to $ 27.5 billion – was reduced in the eighth consecutive quarter.
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Energy Company BP
(Photo: Reuters)
11:05 – The European stock markets opened the day a little while ago and are moving in a mixed trend, with the CAC index in Paris strengthening by 1.2%, the DAX in Frankfurt climbing by 0.9% and the London Pottery retreating by 0.1%.
7:35 – Trading in Asia is very partial today, with the stock exchanges in Japan, China and Singapore on vacation due to local holidays.
The Hong Kong Stock Exchange’s Hong Kong up 0.1%.
Yesterday, the New York Stock Exchange closed in a positive trend. After a volatile day, the indices returned to green territory during the last trading day – the Nasdaq index ended up plus 1.7%, the Dow Jones was up 0.3% and the S&P 500 climbed up 0.6%. Amazon mimicked declines of about 3% – and finished With a slight increase of 0.2%.
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(Photo: Bloomberg )