Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
23:00
A volatile trading day in New York closed with declines. The Nasdaq was down 0.7% and the Dow Jones was down 0.5%.
Notable declines recorded Tesla, Trgt Block, Shofifei andAnvidia .
Cheryl Sandberg, VP of Operations at Meta Platforms (Facebook) And the number 2 director of the company after Mark Zuckerberg, announced today (Wednesday) that he is leaving after 14 years at the company. Sandberg is also the only senior executive left in the company since the IPO, after Zuckerberg. Sandberg is considered one of the most powerful women in Silicon Valley. She announced her departure in a long Facebook post in which she again praised Boss Zuckerberg who recruited her to the company after they met at the party. According to the post, she intends to focus after retirement on philanthropic work.
22:00
Slight declines on Wall Street now. Leading stock indices retreated 0.2% -0.3%.
Stock Sentinel One Jumps by 5.4%. Also notable are the increases in Amazon, Salesforce, Teva and Radware.
Coinbase declines sharply, on the other hand, Wal-Mart Tesla and Moods.
20:40
Wall Street is currently down 0.8% in leading stock indices. The yield on 10-year US government bonds rises by 10 basis points to 2.94%.
Significant gains record Amazon shares, Check Point Sentinel One, Caesar stone Productivity, Celebrity , nature andNeo .
“An economic hurricane is on its way to us and investors need to prepare. Today the sun is still shining and conditions are still relatively good in the economy, but that is going to change soon.” This was stated today by Jamie Damon, CEO of JPMorgan Bank, at a conference of investors and analysts in New York. We should prepare. ”
18:50
European stocks closed down up to 1%. Wall Street is currently down 1% -1.2% in the leading stock indices.
Prominent declines are recorded Tesla Ali Baba, Boeing , Lemonade Monday andFaber .
In his weekly review, Ari Wald, Oppenheimer’s technical strategist, notes the course of stabilization in the US stock market after a prolonged period of price declines. At the same time, he notes that the length of the decline period is still shorter than the average in previous cycles, thus estimating that the process of returning to a consistent uptrend should take time, and anticipates continued volatility in the coming months. In his opinion, the S&P 500 index recovered last week after two months of declines, and the number of stocks rising to a monthly high exceeded the number of stocks falling to a new low, for the first time since March 2022. Despite this, Wald remains relatively cautious .
17:15
A change of direction in New York. Leading stock indices have declined slightly. In European stock markets the trend is mixed.
Energy stocks are climbing against a background of 1.7% gains in oil contracts. Exxon Mobile Haliberton andKonoko-Phillips Stand out with sharp rises.
16:30
The trading day on Wall Street opened with a positive trend and the major stock indices climbed by rates of up to 0.8%.
Prominent increases are recorded Amazon , Salesforce , Sargon and Monday. Salesforce released reports after trading last night and raised its annual forecast. The company reported adjusted earnings of 98 cents a share, 4 cents above expectations, and revenue also exceeded forecasts and totaled $ 7.41 billion.
15:00
German police raided my office Deutsche Bank And its investment subsidiary, on suspicion that the institutions had stated that they had made “ecological” investments and misled the public. The stock is trading up 0.4% on the Frankfurt Stock Exchange.
14:35
The mixed trend in Europe continues, and the decline of the British Potsy intensified to 0.3%, Kak traded steadily.
Contracts for the Dow Jones continue to climb, while contracts for NASDAQ range from rising to slightly lower.S&P Global AndMoody’s , While Salesforce continues to jump about 9% after the reports (see previous update). Credit rating giant S&P Global drops after announcing it will not publish revenue forecast for 2022 due to weak market conditions.
In the oil market, price increases have moderated slightly, Brent is adding about 1% and contracts for August are being delivered for $ 116.8 per barrel. Gold is down 0.3% to $ 1,830 an ounce.
In the US government bond market yields are climbing, and the 10-year bond yield is up 3 points to 2.87%.
12:45
Europe’s leading stock indices continue to be mixed, with the DAX and CAC indices rising slightly but the British Potsy down 0.1%. Euro Stokes 50 pan-European advanced by 0.2%.
Car stocks continue to stand out favorably, including BMW and Volkswagen as well as holding companies Porsche . Stalantis and Renault climb at 2.8% each, and so does the French bank Society General Costs more than 2%.
On Wall Street, contracts are trading at slight increases. Nasdaq contracts are stable at Dow up 0.5% and S & P500 up 0.2%. The early trading arena stands out Salesforce Which jumped about 8% after publishing reports after trading last night and raising its annual forecast. Reported adjusted earnings of 98 cents a share, 4 cents above expectations, and revenue also exceeded forecasts and totaled $ 7.41 billion.
11:30
Trading on the European stock exchanges has moved to a mixed trend, with the Potsy index changing direction and shedding 0.1%, the index in Amsterdam falling by 0.4% and the trend in Brussels and Lisbon also being negative. The DAX and CAC indices are still trading higher but more moderate, at 0.2% and 0.1% respectively.
In Asia, the Heng Seng Index closed down 0.5%, while oil and high-tech stocks fell 1% -2%. CNOOC mimics about 1.8%, Petrochina and China Patrol fell by about 0.8% each. In technology, automaker Gili stood out against the trend and rose 1.6% and Shiomi also climbed slightly, but Alibaba shed 1.7%, Maitouan fell 2.4% and Tencent 0.5%.
In the futures market, the trend is now mixed, with NASDAQ contracts down 0.4% but Dow Jones contracts up 0.2%.
In the commodity market, oil prices (August contracts) climb 1.5% to $ 117.2 a barrel and US oil contracts are rising at a similar rate to $ 116.4 a barrel. Gold retreated 0.1%.
10:10
European markets open June with a positive trend, with gains of 0.2% to 0.5% on the continent’s leading stock indices.
Similar to the trend recorded on the Tokyo Stock Exchange, car manufacturers are also prominent in Europe. In Frankfurt Volkswagen and-BMW Rising by 2% and 1% respectively, in London Rolls Royce Rising 1.7%, in Paris Renault Progress by 2% and corporation Stalantis (Peugeot, Citroen, Fiat and more) strengthened by 1%.
In the US bond market, yields are rising, and the 10-year bond yield is advancing by 3 points to 2.87%.
Trading on the China Stock Exchange closed with slight fluctuations. The Shanghai Composite was down 0.1% while the Shenzhen was up 0.2%. In Hong Kong, where trading is still taking place, the Heng Seng Index is down 0.5%, led by technology stocks and energy companies.
In the crude oil market, Brent’s contracts for August climb 1.2 percent to $ 117 a barrel. The July contracts, it will be recalled, were sold at prices of more than $ 120 a barrel. US oil contracts for July are trading at around $ 116 a barrel, again up 1.2%.
09:30
Trading on the Tokyo Stock Exchange closed up 0.7% with the Nikkei index. Carmaker Nissan jumped nearly 8% and Toyota, Mitsubishi, Mazda, Honda and Subaru also recorded nice increases. On the other hand, the oil exploration company Infax dropped 4.6% and Softbank Corporation fell by 1.5%.
The Heng Seng Index is down 0.6%, Shanghai is down 0.4% and Shenzhen is down 0.2%.
In the futures trading arena, contracts for NASDAQ are stable, contracts for the Dow Jones are up 0.4% and the S & P500 is up 0.2%.
08:00
Asian stock markets are trading in a mixed trend this morning. measure Nike In Tokyo it is up 0.5% and the Chinese Shenzhen index is climbing at a similar rate. However, Shanghai Traded steadily andHang Seng Loses 0.6%. In South Korea there is no trade today.
The declines in Hong Kong are mainly led by major technology stocks, including Alibaba, Mituan, Shiomi and Tencent. In Tokyo, the oil giant Infax stands out, losing ground due to the moderation in oil prices in August contracts (see below).
In the macro, the Purchasing Managers’ Index in China’s manufacturing sector reached 48.1 points in May, up from a reading of April 46. In Australia, gross domestic product grew by 0.8% during the first quarter, above expectations for an increase of 0.5%. At 17:00, the interest rate decision will be published in Canada, where its rate is expected to climb by 50 basis points to 1.5%.
Contract prices for July for Brent crude oil have reached more than $ 120 in recent trading days, after a jump of about 6% within a week. Brent contracts for August are now trading at $ 115.9 a barrel. U.S. oil is climbing slightly to close to $ 115 a barrel as well.
Wall Street futures are trading positive this morning, with moderate gains of up to 0.5% on the Dow. Last night, after a long weekend break due to U.S. Remembrance Day, the indices closed down slightly. The Dow Jones was down 0.7%, the NASDAQ was down 0.4% and the S&P 500 was down 0.6%. Last week they offset most of the losses. NASDAQ dropped 2% in May and about 24% since the beginning of the year.
The crypto market is relatively stable, andBitcoin Trades around $ 31.5 thousand.