Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
23:00
Trading on Wall Street closed with gains, the Dow Jones index advanced 0.3%, the Nasdaq index rose 1% and the S&P 500 index strengthened 0.6%. The day opened with a positive trend and after the publication of the Fed protocols predicting that soon the time will come to slow down the rate of interest rate increases where the increases strengthened. Tomorrow there will be no trading on the occasion of Thanksgiving and on Friday there will be a shortened trading day.
Among the stocks that gathered interest: Tesla stood out with a jump of 8%, the Verno Brothers stock jumped 5% and Domino’s Pizza rose 4%, Disney strengthened 3%, Salesforce advanced 2% and Microsoft added 1%. On the negative side, Home Depot and Chevron lost about 1%, Moderna dropped 1.5%.
Among the Israelis, Teva lost 2%, Schooler Biogenics jumped 11%, Zim rose 3% and Redhill fell 8%.
22:20
Commodities: Oil fell, gold advanced. The Brent crude contract for January delivery fell 3.3%, or $2.95, to settle at $85.41 a barrel. The WTI oil contract for January delivery was cut by 3.7%, $3.01, and closed at $77.94 a barrel. The gold contract for December delivery advanced 0.3%, $57, and closed at $1,745.6 an ounce.
21:05
Fed officials estimate that interest rate hikes will soon be smaller, in light of the impact on the economy of the policy pursued by the US central bank. This is according to the minutes of the meeting of the Federal Reserve’s Open Market Committee published this evening. The summary of the meeting where the latest interest rate hike was decided indicates that Because smaller interest rate increases are on the way. In general, the markets estimated that the next increase in December is expected to be at a rate of 0.5%, after four consecutive increases of 0.75% each.
20:30
US Macro: New home sales increased in October by 7.5% compared to September to an annual rate of 632 thousand. A trend reversal compared to the 11% drop recorded between August and September. However, sales in October decreased by 5.8% compared to October last year. 48% of the houses were priced at half a million dollars or more, compared to 41% in September.
19:00
European stock markets closed in a positive trend, in Frankfurt the DAX index added about 0.1%, in London the POTSI 100 strengthened 0.2% and in Paris the CAC 40 advanced 0.3%. The pan-European Stox 600 rose 0.7%, the tourism and leisure sector added 1.9%, the mining and minerals sectors strengthened 1.8% and technology stocks rose 1.4%.
The gains on Wall Street weakened, and the Dow Jones index even went down 0.1%.
Oil prices continue to fall sharply. Brent oil was cut 4.4% to about $84.5 per barrel, WTI oil lost 4.7% and traded around $77 per barrel.
17:05
Wall Street went up, the Nasdaq index rose 0.7%, the Dow Jones index advanced 0.3% and the S&P 500 index added 0.4%.
US government bond yields are on the decline, the yield on the 10-year bond is down about three percentage points to a level of 3.72%.
16:30
The trading day on Wall Street opens stably, the Dow Jones and Nasdaq indexes rise by about 0.1%, the S&P 500 index is stable around the opening level.
In the commodity arena, oil prices are cut by more than 3%, Brent oil drops to about $85 per barrel and WTI oil hovers around $78 per barrel. Gold is stable around $1,738 per ounce.
16:00
Futures trading on the leading indexes in New York recorded declines of about 0.1%.
US Macro: Durable goods orders from US factories jumped 1% in October, compared to forecasts for a 0.5% increase. Auto orders climbed 0.6%, aircraft orders jumped 7.4%.
At the same time, the number of first-time jobless claimants climbed by 17,000 and totaled 240,000 in the week ending November 19, the highest figure since mid-August. Economists polled by the Wall Street Journal expected an increase of 3,000 people. The number of all unemployment claimants increased by 48 thousand, to 1.55 million.
Later today, the purchasing managers’ index data as well as the new house sales data are expected to be published. The minutes of the Fed’s open market committee meeting are expected to be published tonight.
14:10
A mixed trend in Europe: the DAX index is trading stable, and the FTSE registers a slight increase. Trading in futures contracts on US stock market indices shows stability with an upward trend.
Oil contracts are trading down 2%-2.4%.
12:00
A mixed trend in Europe now: the DAX index is trading stable, and the FTSE registers a slight increase. Trading in futures contracts on US stock market indices shows stability with an upward trend.
Macro Europe: The Purchasing Managers’ Index (PMI) for the services sector in the Eurozone reached a level of 48.6 points in November, compared to an expected 48 points. The purchasing managers’ index (PMI) for the industrial sector in the Eurozone stood at a level of 46.2 points in November, compared to an expected 45.7 points. This is preliminary data. A PMI below 50 points signals a contraction in activity.
10:25
The trading day in European stock markets opened with slight increases in the main stock indices. Trading in futures contracts on US stock market indices shows stability.
In Asia, the Nikkei index in Tokyo closed up 0.6%, in Hong Kong the Hang Seng index also rose by 0.6%, and Shanghai rose by 0.3%.
In the crypto market, Bitcoin climbs by 2% and trades around $16,500, and Ethereum rises by 3% around $1,160.
08:00
Asian stock markets are trading in a positive trend today. The Nikkei index in Tokyo climbs by 0.6%, in Hong Kong the Hang Seng index increases by about 0.8%, and Shanghai increases by about 0.2%. This is after trading on Wall Street closed last night with price increases. The Dow Jones added 1.2%, and the S&P 500 and Nasdaq both climbed about 1.4%.
● HP is launching huge layoffs of up to 6,000 employees
Trading in futures contracts on US stock market indices is now stable.
In the commodity trading sector, the oil contracts register slight decreases of 0.1%-0.2%, and gold registers a slight decrease to the level of 1,736 dollars per ounce.
In the forex market, the euro strengthens by about 0.2% and trades around 1.033 dollars per euro, the pound sterling is stable around 1.188 dollars per pound, and the Japanese yen weakens by about 0.1% and trades around 141.3 yen per dollar.
We will remind you that tomorrow (Thursday) there will be no trading in New York on the occasion of Thanksgiving. Tonight (9:00 p.m.) the minutes from the last Federal Reserve meeting will be published, during which the interest rate in the US was raised by 0.75% for the fourth time in a row (and the sixth increase in a row since March). The publication may signal whether the Fed captains estimate that the rate of interest rate increases will moderate in the coming months And maybe even stop in the first quarter of 2023.
In the crypto market, Bitcoin climbs by 2% and trades around $16,500, and Ethereum rises by 3% around $1,160.
Interest rates in the world continue to rise
The central banks of the world continue the trend of raising interest rates. Here, the Bank of Israel raised the interest rate by 0.5% on Monday, and in New Zealand the central bank raised the interest rate by 0.75% today, the highest rate ever.
Also in the global macro arena: in Europe, the UK and the USA, the purchasing managers’ indices for the services and industry fields will be published today.
At 15:30 in the USA, the initial claims for unemployment benefits last week will be published (a figure brought forward from tomorrow and expected to be about 225,000). As mentioned, the most important publication today will be tonight: the minutes from the last Federal Reserve meeting.