Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
23:00
Trading on the New York Stock Exchange closed at the end of a volatile day, the Dow Jones index retreated 0.6%, the Nasdaq fell 0.3% and the S&P 500 fell 0.7%. % On NASDAQ.
The background to trade was the effects of the war in Ukraine and Western sanctions on Russia, especially in the energy sector. The boycott imposed by the US and the UK on Russian oil imports boosted oil prices even further, but the gains moderated further. Of 10.4%, at the top of the index competing with 10.8% Energy Energy. Chevron rose 5%.
Among the Israeli shares, Siren flew more than 45%, Safe-T Group took off 27% and Foresight and Ionobiz jumped about 10% each. On the downside, Playtica was down 3.3%, ICC was down 7% and Check Point was down 2.6%.
22:15
The Brent oil contract for delivery in May, the global benchmark index, rose 2.3 percent, to $ 2.88, and closed at $ 126.09 a barrel.
21:45
The WTI oil contract for April delivery was up 3.6 percent, $ 4.3, and closed at $ 123.7 a barrel.
20:45
Gold closed above $ 2.00 for the first time since August 2020. A contract for delivery in April rose 2.4%, to $ 47.4, and closed at $ 2,043.3 an ounce.
19:45
Following the announcement of an American boycott of oil and energy imports from Russia, the leading Wall Street indices moved up sharply. The Nasdaq is up 2.1%, the Dow Jones and the S&P 500 are up 1.4%.
19:00
New York has moved to a positive trend: the Dow Jones is up 0.3%, the Nasdaq and the S&P 500 are up 0.1%.
European stocks closed in a mixed trend at the end of a volatile trading day. In Paris, the CAC 40 retreated 0.3%, in Frankfurt the DAX was stable on the red side and in London the Potsey 100 was stable on the positive side. The all-European Stokes 600 index was down 0.4%. The banking sector jumped 2% while shares in the communications sector were cut by 3.6%.
18:35
“Today I announce that the United States is targeting the Russian economy. We are banning all imports of oil, gas and energy from Russia.” Said Biden at the Hellenic House. “This means that Russian oil will no longer be accepted in US ports and that the American people will land another strong blow on Putin’s war machine.”
The United States imported about 672,000 barrels of oil a day from Russia in 2021, about 8% of all crude oil and distillate imports to the United States.
Oil prices soared earlier today following reports of an impending boycott and did not respond significantly to the official announcement of Bennett-type oil, the global benchmark index now rises by about 7% to around $ 132 and US WTI oil rises by about 6.8% to around $ 128 a barrel.
18:15
The declines in the New York Stock Exchange have moderated and the leading indices are now down by 0.4%.
At the top of the Dow, Caterpillar jumps 7.4% followed by Chevron which rises by 7.1%. At the bottom of the index is Procter & Gamble, which is down 3.4%, and Coca-Cola, which is down 3%.
In technology stocks: Apple, which will hold a launch event tonight, is down 1.2%, Microsoft is down 2.4%, Amazon is down 1%, meta is down 1.6% and Alphabet is down 0.5%.
17:15
Declines in New York: The Dow Jones industrial average is down 0.4%, the Nasdaq is down 0.8% and the S&P 500 is down 0.5%.
Against the background of the jump in oil prices, there are increases in the shares of energy companies as well as renewable energies: Solaredge jumps 8.7%, Chevron rises 4.8%, Anfaiz jumps 11.3%, Valero rises 7.6% and IPI strengthens 6.4%
Of the Israelis, Teva is strengthening by 1%, ZIM is advancing by 2% and Inamod is adding 2.2%. On the downside, Yes Fight is down 16.2%, Siren is down 8.8%, ICC is down 2.5% and Playa is down 1.9%.
The EU pledges to cut gas imports from Russia by two-thirds by the end of the year. In 2021 the 27 EU countries will import about 45% of their gas consumption from Russia. In 2020, oil imports from Russia accounted for about 25% of the total oil imports of EU member states. As part of the plan, the European Commission is requesting that EU countries fill their gas reserves to at least 90% by October 1 of each year. In addition the Commission has instructed that rules for aid from the states can be eased to support companies that are expected to pay high energy prices.
16:30
Trading on the New York Stock Exchange opened with a mixed trend: the Dow Jones Industrial Average was up 0.1%, the Nasdaq was down 0.5% and the S&P 500 was down 0.1%.
In the commodity arena: Brent oil jumped 4.5% to $ 128.8 a barrel and WTI oil rose 4.2% to $ 124.5 a barrel. Gold is up 1.3% and is trading around $ 2,021 an ounce, silver is up 3.4% and wheat is up 2.7%. Platinum jumps 4.8% and palladium is up 3.7%.
The yield on 10-year US government bonds rises by about 10 basis points to a level of 1.86%. The yield on a two-year bond rises by about four basis points to a level of 1.59%.
The dollar weakened against the currency basket by 0.3% and strengthened against the Japanese yen by 0.3% to 115.6 yen per dollar. The pound is up 0.1% at $ 1.31 a pound and the euro is up 0.5% at $ 1.09 a euro.
15:20
Trading on European stock exchanges has moved to a mixed trend. The Dax index reduced the rise to 0.1%, Kak also erased almost all of the rise he recorded and rose at a similar rate, and Potsey went red and lost 0.3%. The Amsterdam flagship index has already been cut by more than 2%, Zurich has seen a 1.8% drop in the lead of Credit Suisse, which is losing ground, and the Eurostox 50 index is trading similarly to the opening level.
Futures contracts are also trading in a mixed trend. In the commodity market, increases are intensifying, with the price of oil rising to $ 128.3 per barrel of Brent and $ 123.9 per barrel of American oil (WTI). Gold is up 0.7% and the price per ounce is about $ 2,012.
In the bond market yields continue to soar. The yield on the 10-year US Government bond jumps 11 points to 1.85%, the yield on the two-year bond rises to 1.59%.
14:00
The oil company of (Formerly Royal Dutch of) apologized for purchasing a discounted shipment of Russian oil last week, and announced that it would gradually cease its involvement in the Russian market. “As a first and immediate step, the company will stop all spot purchases of Russian crude oil. It will also close its service stations, aviation fuels and lubricants in Russia,” the statement said.
13:30
The positive trend mainly continues in the European stock markets, with the Potassium index once again rising slightly.
The Dutch flag index still stands out against the trend with a decline of 1.3%, partly due to marked declines for the communications company KPN , Just Eight Takeaway , Phillips , Universal Music And the chip companies ASML and-BE Semiconductor.
In early US trading, the trend was mainly positive, with contracts on the Nasdaq trading trading only slightly, but contracts on the Dow Jones and S & P500 rising by 0.3%. The major airlines are recovering in early trading, climbing 3% -4%.
12:55
A mixed trend in Europe, with the Potassium index again falling into negative territory with a decline of about 0.2%. Dax is up 0.8%, Kak is up 1.4%. The pan-European Stokes 600 index is up 0.4%, with most financial stocks in the bloc strengthening – but Swiss Credit Suisse is down 4.3% on a very high trading volume.
In the futures trading arena, the trend has also become mixed, with contracts for NASDAQ weakening slightly. Contracts for the Dow Jones are up 0.1%, and the S & P500 is up 0.2%.
The crypto market is experiencing moderate gains, and bitcoin is once again rising above $ 39,000.
11:40
European stock indices have risen, the Dax index is up more than 1%, Kak is up 1.8% and the Potsy is up just 0.1%. Eurostocks 50 is up 1.3%. In Amsterdam the main index is still trading in red, with a decrease of 0.6%.
In Frankfurt it stands out Deutsche Bank Which is up 4% and Siemens Energy is also strengthening at a similar rate. puma , Adidas , Continental and Volkswagen are also advanced. In London, too, bank and finance stocks are prominent, among them Lloyds , Barclays HSBC, Chartered Standard andNatwst . The telecom company Vodafone, on the other hand, is losing ground.
Wall Street futures erased the declines recorded earlier in the day and are now up 0.1% -0.3%. At the same time, yields on dollar-denominated government bonds are soaring – the yield on the 10-year bond is rising close to 10 points to 1.83%.
As part of the early trading on Wall Street, the shares of the major airlines are strengthening slightly after recording double-digit losses last night.
10:20
Trading on European stock markets opened with a mixed trend, with slight fluctuations relative to the deep declines recorded yesterday. The British Potassium index is down 0.2% while the German Dax index and the French Kak are up 0.2% and 0.7% respectively. The pan-European Eurostox 50 is up 0.6%.
In Frankfurt it stands out Deutsche Bank Which increases by 2% and also BMW , SAP , Siemens Energy andContinental Rising. The Russian mining company is rising in London Avraz Close to 30%, and more sharp increases are recorded M&G , Polymthal , Rolls Royce And the Aviation Group IAG (Owner of British Airways).
The commodity market has seen a huge jump of nearly 70% in the price of nickel – so that it almost doubled in value within a week – and its price stands at more than $ 80,000 per ton. Nickel trading on the London Metal Exchange has stalled due to the sharp rise. Earlier it jumped more than 110% and rose for the first time ever to $ 100,000 per ton. The rise comes after reports that many investors have given up their holdings in metal that is physically stored in Russia – which provides about 10% of global nickel consumption. This has forced investors with short positions to buy back positions. Gold also rose again, rising to $ 2,004 an ounce.
In Asia, a negative lock was recorded. The Shanghai index lost 2.3% and the Shenzhen fell 2.6%, the Hang Seng fell 1.5% and the Kospi fell 1%. Trading on Wall Street futures continues to decline, but has moderated to about 0.7%.
09:00
The declines in Wall Street futures are intensifying at 1% -1.3%. In Tokyo, trading closed down 1.7% in the Nikkei index, while in China the declines strengthened to 2% and the Heng Seng index, which has recorded only a slight decline so far, is now losing 1.5%.
07:50
Trading on Asian stock markets is on a negative trend. The Nikkei is down 1.8%, Shanghai is down 0.9% and Shenzhen is down 1.3%. The Kospi index weakened by 0.7%, the Taiwanese index loses over 2% and the Hang Seng settles for a moderate decline of 0.1%.
Despite the rise in oil prices, the Japanese energy company Infax is losing 5.8% in Tokyo, along with significant declines in shares of Mitsubishi Financial, car companies Suzuki, Nissan, Toyota and Mitsubishi as well as the banking corporation Softbank. In Hong Kong, technology stocks, in which Maitwan and Alibaba are strengthening, and a strong rise in CSPC Pharma are offsetting the rest of the index.
Sharp declines were recorded last night on US stock markets led by technology giants and airlines, at the end of the day NASDAQ Fell 3.6% and officially entered the bear market – while it is already more than 20% away from the peak. S&P500 Delete almost 3% andDow Jones Decreased by 2.4%. The fear index jumped by 12.7%. This morning the futures contracts on the major stock indices are trading at moderate declines of about 0.3%.
The 10-year government bond yield, which rose 5 points yesterday, continues to climb to 1.79% this morning as well. On Thursday, US inflation data for February will be published.
In the oil market prices continue to rise. After the Brent price reached close to $ 140 a barrel yesterday morning, it ended the evening with a 4% increase (about $ 123 a barrel). This morning it continues to strengthen to $ 126.4 a barrel and U.S. oil rises to $ 121.5. In the commodities segment, gold weakened slightly to $ 1,992 an ounce and declines in wheat and oat prices also fell.
Growth figures for the EU will be released in the afternoon. According to forecasts, GDP rose by 4.6% in 2021, and by 0.3% in the fourth quarter alone.