Stock Market Report: Wall Street Reaches New Highs, European Markets in a Negative Trend, and Asian Markets in a Mixed Trend

by time news

2024-01-19 20:24:57

Trade review: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations

23:00

Wall Street was painted green: the Dow Jones rose 1%, the Nasdaq rose 1.7%. The S&P 500 rose 1.2%, reaching an all-time high.

20:27

The Nasdaq is currently up 1.1%. The Dow Jones is up 0.8%, the S&P 500 is up 0.9% to 4,825, crossing the previous high from January 2022.

I robot Plunges by almost 30% after a report in the Wall Street Journal that the Antitrust Authority is expected to reject its purchase by Amazon. Amazon shares are up 0.8%.

19:29

European stock markets closed in a negative trend. The DAX index recorded slight declines, the POTSI closed stably, and the CAC index fell by 0.4%.

In the US stock markets, the increases continue. The Dow Jones index increases by 0.4%, the S&P 500 index increases by 0.6%, the Nasdaq adds about 0.8%.

18:00

Wall Street stock markets continue to rise. The Dow Jones index rises by 0.3%, the S&P 500 index rises by 0.4%, the Nasdaq registers gains of about 0.5%.

Wayfair’s stock rises by more than 7% after the company’s report regarding the dismissal of 13% of its employees, in order to become more efficient and reduce costs. This is the company’s third reorganization since 2022, and it is expected to save it about 280 million dollars.

16:35

The Wall Street stock exchanges opened on the last day of the trading week overseas with gains: the Dow Jones index rises by 0.1%, the S&P 500 index rises by a similar rate, the Nasdaq registers gains of about 0.4%.

The S&P index is approaching an all-time high, and is expected to break the record set in January 2022.

Wall Street closed last night with rising rates. The Nasdaq climbed by 1.35%, the Dow Jones by 0.5% and the S&P 500 by 0.9%. The gains were led by the major technology stocks following the optimism that followed the growth forecast of chip maker TSMC, a leading supplier to Apple and Nvidia, which attracted For their part, more chip stocks, especially AMD.

12:40

In the European stock markets the trend is positive, but slightly weakening. The DAX index increases by 0.2%, the FTSE adds 0.4%, and the CAC index with a slight increase of 0.1%.

Wall Street futures are trading higher. Nasdaq contracts add 0.6%, S&P 500 contracts rise 0.3% and Dow contracts rise slightly by 0.1%.

The annual World Economic Forum conference held in Davos, Switzerland has concluded after five days. The conference hosted politicians and leaders from all over the world, bank governors, and key figures in the global economy.

The main message at the conference from the monetary policy makers was that despite the rate of lowering inflation, and the approach to the 2% target, lowering interest rates on the continent as early as March or April may be too early.

This statement created a slightly negative sentiment in the market, which bet on raising interest rates as early as this spring.

At the same time, in Great Britain the retail figures were published, which weakened by 3.2% in December – more than expected by the market. The fall in December was the sharpest in one month since January 2021, during the Corona epidemic.

11:10

Trade in Europe is going green. The HDAX index rises by 0.3%, the FTSE adds 0.6%, and the HQAC MTFS index by 0.3%.

Among the stocks that are rising today in Europe: Danone French adds 0.9%, Siemens increases by 0.3%, Sanofi climbs by 0.5%.

In England, bank shares lead the gains. stock Lloyd’s Bank adds 0.5%, Standard Chartered increases by 0.9%, HSBC adds 0.2%, andBarclays Climbs by 1%.

In the crypto market, the main currencies are in a downward trend. Bitcoin falls by 3.2% to the level of 41.35 thousand dollars per coin. The ether currency loses 2.4% and trades around $2,470 per unit.

10:15

European stock markets opened with a positive trend. The DAX index rises by 0.4%, the FTSE adds 0.8%, and the CAC index climbs by 0.5%.

Asia saw a mixed lockdown. The Hang Seng closed down 0.8%, the Shanghai Stock Exchange lost 0.5%, and the Kospi rose 1.3%.

The futures contracts on Wall Street are trading with slight increases of up to 0.4% in contracts on the Nasdaq index.

The dollar weakened slightly this morning to the level of 3.75 shekels, after reaching a two-month high against the shekel yesterday. Since the beginning of the year, the shekel has depreciated by almost 5% against the dollar. The euro also weakened, standing at a rate of NIS 4.08.

8:20

The Nikkei index in Tokyo closed up 1.4%. Inflation recorded in Japan in December was at a low not seen since June 2022. According to the data, inflation cooled to 2.6%, from 2.8% recorded in November. Core inflation in the country also weakened to 2.3%, from 2.5% in November, and in line with economists’ expectations.

On January 22, the country’s central bank will meet for the interest rate decision – which will be published on the 23rd of the month.

7:45

This morning in Asia, the main indices are trading in a mixed trend. The Nikkei climbs 1.2%, the Hang Seng weakens 0.2%, the Shanghai Stock Exchange loses 0.7%, and the Kospi index rises 0.7%.

Also the futures bWall Street are trading in a mixed trend, with an increase of about 0.3% in contracts on the Nasdaq, and a decrease of up to about 0.1% in the Dow Jones. Last night trading closed with price increases. The Nasdaq climbed by 1.35%, the Dow Jones by 0.5% and the S&P 500 at 0.9%.

The gains in New York were led by the large technology stocks after the publication of the growth forecast of the chip maker TSMC, a leading supplier to Apple and Nvidia. These in turn attracted more chip stocks, especially AMD.

Novocure jumped after announcing preliminary approval from the FDA for a lung cancer treatment it is developing. The company will receive the regulator’s answer during the third quarter of this year.

Rafael Bostic, chairman of the Atlanta Fed, said that he expects the US central bank to start lowering interest rates only “in the third quarter of the year and as long as economic conditions remain as they are.”

this morning, bond yields Government bonds are rising slightly in the US. The yield on the 10-year bond is at 4.17% and the yield on the two-year bond is at 4.36%.

oil prices are trading stably. The price of a barrel of Brent is 79 dollars and the price of a barrel of American oil is 74.1 dollars.

Meanwhile, last night the American government imposed sanctions on companies from the Emirates that violate the price ceiling on Russian oil. Hennesea Holdings owns the vessel HS Atlantica that transported Russian oil above the $60 price ceiling using American services.

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