Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
07:50
Trading on the Asian stock markets is on a mixed trend this morning, as the Japanese Nikkei is up 0.7% while China, Hong Kong and South Korea are down, the highest in the Hang Seng index which has cut more than 1%.
Japanese trading and communications giant Rakuten is down about 1% in high turnover, Tokyo Electric Company is losing about 2%. In contrast, Mitsubishi Financial Bank is up 2%, oil exploration company Infax is up 5% and carmakers – including Mitsubishi, Nissan, Toyota and Mazda – are also concentrating interest. In Hong Kong, Chinese technology stocks are leading the negative trend: Alibaba is down 3%, Shiomi is down 2.2%, electric vehicle maker Gili is down 2% and Maitouan is down 0.9%. In Seoul, Samsung is down 1.8%.
On Wall Street, futures are climbing 0.1% -0.3%. Last night, the trading day, which was mostly characterized by gains, ended with declines in the main stock indices. NASDAQ and-S&P 500 Decreased by 0.8% andDow Jones Retreated 0.7%. The one who mainly influenced the atmosphere in the market is Dark – which fell more than 2% after Bloomberg reported that the company intends to reduce recruitment and expenses in some of its divisions over the next year. During the late trading no significant change was recorded in the stock.
The night after trading Netflix Financial statements are expected to be published. Analysts estimate that earnings per share fell to $ 2.93 (compared to $ 2.97 in the second quarter of 2021). Revenue is expected to rise, albeit at a slower pace due to increasing competition in the streaming market.
In the US government bond market, the ten-year bond yield rises to 2.97% and that of two-year bonds weakens slightly to 3.15%. The 30-year bond yield climbs to 3.14% and is close to overtaking the bond yield The short.
In the cryptocurrency market, the gains that started yesterday continue. Bitcoin jumps close to 3% to a level of $ 21.9 thousand and Etherium soars by almost 8% to a price of $ 1,515. Even among small currencies the trend is similar.
In the oil trading arena, there are moderate declines in oil contracts. Brent traded around $ 105.7 a barrel and U.S. oil at $ 102.2 a barrel. Gold is stable at $ 1,710 an ounce.
Today at 12:00 Israel time, the consumer price index will be published in the European Union, when it is expected to rise by 0.8% in June, so that the annual inflation rate increased to 8.6% (compared with 8.1% in May). According to market forecasters, the core index, which does not include volatile food and energy prices, rose 0.2% in June so that the annual inflation rate fell to 3.7% compared to 3.8% in the previous month.
Employment data will also be released in the UK today, where it is expected that the unemployment rate in June rose 0.1% compared to May so that it will stand at 3.9%. According to forecasts, the number of job seekers has dropped by about 41,000. Tomorrow, inflation data in the kingdom will be published, according to which the consumer price index jumped at an annual rate of 9.3%.