Trading Overview: reports Current, trends, indices, stock prices, bonds, foreign exchange and commodities and analysts’ recommendations
06:19
Trading on Asian stock markets is on a negative trend at this time, after a mixed opening, Heng Seng is down 1.18%, Shanghai is down 0.54% and Nikkei is down close to 0.1%. The Australian stock market is down slightly as well while Kospi in South Korea is up 0.45%.
The Bank of Japan has not made any changes to the country’s interest rate announcement and the rate remains at 0.1%, as analysts also expected.
Shares of Australian mining company Rio Tinto are down nearly 3% after the company announced it would pay the Australian Tax Authority an additional $ 613 million (US $ 422 million) due to an ongoing dispute with the regulator. The company has already paid the country’s tax authority an Australian $ 378 million.
Oil prices are falling for the second day in a row, the price of crude is down 0.91% to $ 98.97 a barrel and the price of Brent is down 0.76% from its value to $ 106.11 a barrel.
Gold prices are at a low of nearly a year due to the strengthening of the dollar, falling 0.6% to $ 1,690 an ounce.
The dollar index that measures the US currency against a basket of different currencies is weaker this morning and stands at 106.950.
The price of Bitcoin is down 3.67% and now the digital currency is trading at $ 22,808.1. Etherium falls 4.1% to $ 1,490.24.
Today at 15:15 Israel time, the European Central Bank’s interest rate decision will be published. According to Sophie Altermett, an economist at the Bank for Wealth Management Julius Barr: “For the first time in 11 years, the European Central Bank (ECB) is expected to raise interest rates at a meeting convened on Thursday. “In a more aggressive policy, with a 50 basis point rise in interest rates, in view of the strong acceleration of inflation and the weakening of the euro. In addition, this meeting will also focus on indications about the future path of interest rate hikes, especially ahead of the next meeting in September.”
Last night on Wall Street, indices closed with gains as NASDAQ jumped 1.6%, Dow Jones advanced 0.2% and S&P 500 added 0.6%. Chip stocks stood out and the tech sector pulled the indices up.
Shares of Pagaya, the Israeli fintech company that has fallen 85% since it was merged with Spack on Wall Street, jumped 130% yesterday in a particularly high trading volume without any special announcement.
Tesla reported its second-quarter results after closing trading, Elon Musk’s electric car company beating earnings forecasts, $ 2.27 per share compared to expectations of $ 1.81, but missed the revenue forecast – $ 16.93 billion compared to expectations of $ 17.1 billion. The stock rose in late trading by 4%.