Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
07:50
Asian stock markets are trading today in a mixed trend. The Nikkei index in Tokyo falls by about 0.2% while the Kospi rises by about 0.6% and in Hong Kong the Hang Seng index climbs by about 1.8%. There is no trade in China and Australia today.
On Wall Street last night, a day that started with sharp declines on Wall Street ended up with slight declines. The Dow Jones finished almost unchanged and even slightly higher, the S&P 500 also closed stable while the Nasdaq fell 0.2%.
● CEO of Barclays Israel: “A company that wants to issue will have to be profitable and large and compromise on the value”
● The recovery of the stock market in 2023 depends on how quickly inflation will fall in the coming year
In futures trading on US stock market indices, slight increases are now being recorded.
In the American bond sector, the yields decreased somewhat yesterday – the 10-year government bond yield decreased by 2 basis points to 3.44% and the two-year bond yield shed approximately 2 points and is now 4.13%. Stability is now recorded.
Report season: At the close of trading last night (Wed), Tesla published its financial reports for the last quarter of 2022. Tesla recorded revenues of $24.3 billion in the quarter, above analysts’ forecasts for revenues of $24.1 billion. Tesla’s adjusted earnings per share in the third quarter was $1.19, higher than market forecasts ($1.13 per share). Tesla shares responded with a 5.5% jump in late trading.
Tonight, Intel is expected to publish results after the end of trading in New York.
In the commodity market, crude oil contracts are stable. American oil is trading around $80.3 per barrel and Brent is around $86 per barrel. Gold registers a slight increase and the price of an ounce stands at $1,946.
In the forex market, the dollar traded with minimal changes against the euro and the pound sterling and weakened by about 0.2% against the Japanese yen around 129.3 yen to the dollar. In the crypto arena, bitcoin climbed by 1.2% and traded around $23,200, and ethereum rose by 2.5% and traded around $1,615.
In the macro arena, today (3:30 p.m.) an updated growth figure for the last quarter of the year (which is expected to amount to 2.6%) as well as the inflation rate derived from GDP (expected to be 3.3%, compared to 4.4% in the previous measurement) will be published in the USA .