Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
16:31
Trading on Wall Street opened with a negative trend, after inflation data indicating that the cooling of prices does not meet expectations. The Dow Jones is down 0.2%, the S&P 500 and Nasdaq are down about 0.3%.
In the bond market, yields are climbing: the ten-year bond yield increases by 4 points to 3.53% and the two-year bond yield is stable at around 4.31%.
The sportswear manufacturer lululemon Drops after publishing a weaker than expected forecast, alongside better than expected profits and revenues in the last quarter. The retail giant Costco Drops slightly after missing predictions on both the top and bottom lines. Microsoft weakened slightly after the Federal Trade Commission announced last night (Thursday) that it filed an antitrust lawsuit to block the acquisition of the gaming company Activate Blizzard .
Netflix Climbing after Wells Fargo upgraded the stock rating to overweight, and Cowen called the stock a “best idea” for 2023. Israel’s Playtica also gains slightly after the report of the big wave of layoffs.
15:30
US Macro: The producer price index (PPI) in the US climbed 0.3% in November, when the expectation was for an increase of 0.2%, and the annual rate of increase fell from 8% in October to 7.4%, a slower moderation than expected (estimates were for a rate of 7.2%) The core price index rose by 0.4% in November (double the estimates) so that the annual rate moderated from 6.7% in October to 6.2%. Forecasts estimated a decline in the core index to an annual rate of 5.9%.
The futures contracts, which traded up about 0.5%, moved to declines of up to 0.7% and it seems that the American stock market is on its way to close a strong negative week.
15:05
The Israeli gaming company Playtics Prepared for the deepening of the economic crisis with a second wave of layoffs within a year. The Israeli gaming company is expected to lay off between 12% and 15% of employees in the coming week, about 600 people worldwide, of which about 180 are in Israel, Globes has learned.
13:40
The increases in the leading stocks in the European stock exchanges are strengthening; The Dax advanced by 0.6%, the FTSE rose by 0.2%, the CAC added 0.3%, and the pan-European Stoxx 50 rose by 0.6%.
Wall Street futures are also up by 0.5%.
The trading of the leading currencies in the crypto market continues to be conducted in a positive trend. Bitcoin is up 2.5% in the last 24 hours, and is trading for about $17,200 per coin. Ether rises by 4.2% and trades for about $1,280 per unit.
In foreign exchange, the representative dollar rate is 3.42 shekels; the representative rate of the euro is 3.61 shekels. In the world, the euro trades unchanged against its American counterpart, and its rate is 1.05 dollars.
12:00
Slight increases in the leading indices in the European stock exchanges, the DAX index advances by 0.2% now.
There are no significant changes in government bond trading in the US. The yield on the two-year bond decreases by 3 basis points to 4.27%. The yield on the six-month bond increases by 4 basis points to 4.75%.
Trading on oil contracts is strengthening, Brent contracts are up 0.9%, and it is trading for $76.8 per barrel. And traded American oil contracts rose by 1.1%, to the level of 72.2 dollars.
10:10
European stock markets opened the trading day with a positive trend, the pan-European Stox index rose by 0.1%, in Germany the DAX added 0.3%. Next week interest rate increases are expected in the US and the UK.
Trading in contracts on US stock market indices continues to be conducted with slight increases. Brent crude oil trading is up 0.2%, and is trading at $76.3 per barrel. American oil contracts are now trading at $71.6.
The Hong Kong stock exchange was closed, and the Hang Seng index rose 2.4%.
9:10
The gains in the Asian stock markets are getting stronger. The Hang Seng index jumps by 2.4%.
The Kospi index closed with a jump of 1.1%, the Nikkei index in Japan closed with an increase of 1.2% and the Shanghai index rose by 0.3%.
7:45
The stock markets in Asia are now trading in a positive trend. After China released inflation data that matched forecasts.
The Hang Seng Index in Hong Kong rises by 2%, the Nikkei adds 1.3%, the Shanghai Index adds 0.2%. Alibaba shares are now up 3.4% in Hong Kong trading, and Xiaomi shares are adding 2.7%.
The trading of the leading cryptocurrencies is also in a positive trend. Bitcoin is up 2.3% in the last 24 hours, and is trading for about $17,200 per coin. The Ether currency increases by 4.3% and trades for approximately $1,280 per unit.
Trading in futures contracts on Wall Street is running with slight gains of up to 0.3% on the Nasdaq, after trading closed last night with price increases, the S&P 500 added 0.7% and the Nasdaq strengthened by 1.1%.