Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
07:25
The main stock indices in Asia are trading in a mixed trend. The Nikkei index in Tokyo rises by 1.3%, the Kospi in Seoul adds 0.9% and the indices also rise in Taiwan and Australia. On the other hand, in Hong Kong the Hang Seng index is down by 0.6%, and in Shenzhen and Shanghai the trend is also negative.
In Tokyo, Softbank strengthens by more than 5% and the car manufacturers also stand out positively, including Mitsubishi Motors which jumps to almost 3% in the highest trading turnover in the index. Nissan and Toyota are also climbing, as well as Yamaha jumping by more than 12% after publishing reports and overtaking forecasts in the revenue and profit line. In Hong Kong, technology stocks are losing ground, including Alibaba and Xiaomi.
There are sharp declines in the crypto market. Bitcoin falls by almost 6% and reaches the level of 19.6 thousand dollars and Ethereum is cut by 7% and trades around 1,474 dollars. Sharp declines in double-digit rates are recorded in the smaller coins such as Solana, Dogecoin and Shiba Ino.
On Wall Street, only slight fluctuations are recorded in trading on the futures contracts, and this after a green lock in New York last night. US government bond yields also rose yesterday, and they continue to climb this morning as well. The 10-year bond yield rises by 3 points to 4.23% and the two-year bond yield rises to 4.73%. Investors are on alert for the mid-term elections in the US that will be held today and will decide who will have the majority in Congress, and are also awaiting the publication of inflation data on Thursday .
Last night the trading day ended with increases of about 1% or more in the main indices. The Dow Jones jumped by 1.3%, the S&P 500 rose by 1% and the Nasdaq added about 0.9%. The Wall Street Journal’s report on the huge wave of layoffs inmeta (facebook) Jumped the stock by 6.5%.
The report season continues in the USA and today the reports of Walt Disney, Occidental Petroleum, AMC and more will be published. During the week, the flood of Israeli reports will be joined by Playtica, Tabula, Amdocs, Lemonade, Global-E, Faber, Riskified, Kornit and more.
Reports were published last night after the close of trading solaredge The Israeli company (not traded in Tel Aviv), which beat the forecasts in the top line and in response jumped by more than 10% in the late trading stage. The company recorded record revenues of 836.7 million dollars (when the expectation was 823 million) and the net profit (Non-GAAP) amounted to -91 cents per fully diluted share, when analysts were expecting $1.46.