Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
23:00
Positive lock on Wall Street. The Dow Jones gained 1.2%, the S&P 500 added 0.9% to its value and the Nasdaq advanced about 0.4%.
Amazon decreased by about 1.3%. The company announced earlier today that it would lay off 9,000 of its employees.
stock New York Community Bancorp Jumped more than 32.2% after a report that the bank will take over parts of Signature Bank which crashed about two weeks ago. In the sector of regional banks in the USA, a share stood out Pac-West Bancorp which jumped by more than 10%.
stock Pindodo The Chinese e-commerce company that disappointed in the reports for the fourth quarter fell by 14.2%.
stock First Republic Bank fell by 43%.
21:22
The positive trend on Wall Street lasts less than an hour before the close of trading. The Dow Jones rises 0.9%, the S&P 500 adds 0.6% and the Nasdaq advances 0.1%.
stock First Republic Bank Adds to crash and deletes more than 45% of its value.
Dark increases by about 1.6% andMeta Platforms (Facebook) Adds more than 1% to the value.
20:29
The positive trend in Wall Street trading continues. The Dow Jones is up a little more than 1%, the S&P 500 is adding 0.8% to its value and the Nasdaq is advancing 0.3%.
Government bond yields are rising. The 3-year yield advances by more than 10 basis points to 2.88%, the 5-year yield adds 12 points to 3.51% and the 10-year yield increases by 9 basis points to 2.69%.
19:28
Wall Street indices are rising again. The Dow Jones rises 1.15%, the S&P 500 adds about 0.8% to its value and the Nasdaq advances 0.2%.
The American banks add to the leap: the share of the regional bank Pac-West Bancorp jumps by 9.3%, Fifth Third Bancorp increases by more than 6% andUS Bancorp advancing by 5.7%. Also in the banking sector, a share UBS increases by 5%.
The share of the Chinese technology company in Ido increases by 2.4%. Last week, the company introduced its competitor to ChatGPT, a Chinese AI-based chatbot called Ernie.
18:45
A positive closing in the European stock markets, the CAC index jumped by 1.3%, the Dax rose by more than 1% and the Potsi in Great Britain added about 0.9% to its value.
Overseas, on Wall Street, the trading trend is mixed again. The Nasdaq sheds 0.2%, the Dow Jones rises 0.9% and the S&P 500 advances about 0.5%.
The US regional bank gauges on the S&P and Nasdaq are up about 4% on average.
stock First Republic Bank plunges by more than 31%, while New York Community Bancorp jumps by more than 30%.
stock Amazon Down 2.6% now, after announcing earlier that it would lay off 9,000 jobs.
The shares of chips are recording declines, among them Intel andAdvance Micro Devices .
17:05
Trading on Wall Street is moving to a positive trend. Nasdaq advances by about 0.3%, the S&P 500 adds about 0.9% to its value and the Dow Jones rises by 1.2%.
stock New York Community Bancorp Jumps nearly 40% after a report that the bank agreed to take over parts of the collapsed Signature Bank.
The decline in the stock Amazon Weakens following the announcement of the approaching wave of layoffs and is shedding about 1.5%.
stock Microsoft Drops by more than 3% without prior notice.
16:41
The technology giant Amazon announced that it would lay off 9,000 of its employees. The company’s stock is down 2.3% at this time.
16:06
The mixed trading trend on Wall Street continues. Nasdaq falls by about 0.4% while the Dow Jones rises by more than 1%, the S&P 500 index adds about 0.4% to its value.
Chinese e-commerce company stock Pindodo Plunges more than 13% after publishing disappointing annual reports and missing the revenue forecast for the fourth quarter.
stock First Republic Bank continues to fall even today and drops by 13.3%. The shares of the major banks Bank of America andJPMorgan Chase rising prominences.
UBS shares jump 6% after the banking group bought Credit Suisse last night for a “bargain price” of about $3 billion.
15:31
The trading day on Wall Street opened with a mixed trend. The Nasdaq index falls by about 0.1%, while the Dow Jones registers a slight increase.
Chip stocks AMD andNvidia record declines.
Gold recorded a slight increase to $1,984 per ounce after earlier climbing above $2,000 per ounce.
14:00
The main stock indices in the European stock exchanges register increases of up to 0.7%. Trading in futures contracts on US stock market indices shows a mixed trend with a downward tendency.
In early trading, stocks are registered Pac-West Bancorp and-New York Community Bancorp sharp increases. on the other hand First Republic Bank records a sharp decline.
The cyber security company Check Point will give almost all of its employees a special annual grant of blocked shares in the amount of 5% of their annual base salary, and will not make salary increases this year. These restricted shares will mature in 12 months, unlike the normal allocations of restricted shares which mature over a longer period.
12:25
The main stock indices in the European stock exchanges moved to slight increases. In futures trading on US stock market indices, a mixed trend is recorded.
Oil contracts are down by about 2.2%. The Chief Economist of Bank Leumi, Dr. Gil Bafman, states in his weekly review that “the price of oil in the near term is expected to be mainly affected by the increase in the degree of uncertainty in the financial sector and the fears of the development of a real crisis. If a real crisis develops, the OPEC+ group will cut production quotas. The continued cooperation of the United Arab Emirates with OPEC will lead to a reduction in global oil supply in the first half of 2023.”
“This decrease is expected to reflect a decrease in OPEC+ oil output, against the background of a decrease in Russia’s oil output that is expected to be smaller than the estimates in the market, despite the expectation of a certain increase in US oil output and in the supply of oil from the US strategic stockpile. If the developments in the sector The financial ones will be temporary and will not lead to a real crisis, so the recovery of global economic activity is expected to continue, especially in China, and support the demand for oil. The price for a barrel of the Brent type is expected to stand at 70-80 dollars per barrel during 2023.”
10:30
The trading day in European stock markets opened with a negative trend. The main stock indices fall by 0.3%-0.7%. In futures trading on US stock market indices, declines of up to 0.8% are recorded.
stock UBS Drops by 14% after the bank agreed to merge Credit Savya into it.
Gold soars and trades around $2,008 per ounce, while oil contracts drop more than 2%.
In Asia, the Hang Seng index in Hong Kong fell by about 2.6%, in Tokyo the Nikkei fell by 1.4%. In Seoul, the Kospi is down by about 0.6%. The Shanghai Stock Exchange is trading in a mixed trend.
08:00
In Asian stock markets, the trading week started with a negative trend. The Hang Seng index in Hong Kong falls by about 2.7%, in Tokyo the Nikkei falls by 1.2% and in Seoul the Kospi falls by about 0.7%. The Shanghai Stock Exchange closed down 0.5%.
Trading in futures contracts on US stock market indices is now stable.
● Technical analysis: the S&P 500 index is on the way down, and not because of the interest rate or the collapse of banks
The uncertainty in the world markets, and especially in the Tel Aviv Stock Exchange, will continue to affect trading in the coming days and probably in the coming weeks, so the high volatility is expected to continue to accompany us. Globally, investors continue to be concerned about the stability of the banking system, and local trade is still affected by the issue of legal reform.
What may, perhaps, somewhat calm the investors is the giant deal in which UBS Bank acquires Credit Suisse. This was confirmed last night (Sunday) by the Swiss Central Bank. The purchase will be made in a share deal in the amount of about 3 billion dollars. A statement from the Swiss central bank reads: “Through UBS’s takeover of Credit Suisse, a solution has been found to ensure financial stability and protect the Swiss economy in this exceptional situation.”
Yesterday the Fed and other central banks in the world (Canada, England, Japan, the Eurozone and Switzerland) cooperated and announced a move to increase liquidity in the financial markets by injecting dollars if necessary, in an amount of up to 300 billion dollars, in SWAP transactions. The move will start today and will last until at least April.
In the commodity trading arena, decreases of about 1% are recorded in trading in oil contracts. American WTI oil is trading around $66 per barrel (May contract), completing a drop of about 18% in two weeks, and Brent oil around $72.3 per barrel, after falling more than 15% in two weeks.
Gold, on the other hand, continues to climb and trades around $1,981 per ounce.
The crypto market is currently experiencing declines and Bitcoin is trading around $27,500 after completing a jump of more than 60% since the beginning of the year. Ethereum is trading around $1,765 after jumping about 45% since the beginning of the year.
US government bonds saw a sharp drop in yields on Friday, amid the continued “run” of investors to safe havens. The yield on the 10-year bond decreased by about 15 basis points, completing a drop of 64 points in 8 trading days and closing at 3.44%. The two-year government yield decreased by another 28 basis points to 3.84%, after completing a decrease of 121 points in 10 days. Now the yield on the 10-year bond is stable and the yield on the two-year bond rises to 3.87%.