Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
17:47
Wall Street moved to price increases: the Dow Jones rose by 0.1%, the S&P 500 rose by 0.7% and the Nasdaq added 1% to its value.
Among chip stocks, Nvidia increases by about 3.2%, AMD decreases by 0.6%, ARM jumps by about 5% andSuper Micro Computer Mishila estimates 0.5%.
In the commodity market, oil prices are down by about 2%. The price of a barrel of Brent oil stands at 77.7 dollars and the price of a barrel of WTI trades around 74.2 dollars.
17:02
The mixed trend on Wall Street continues. The Dow Jones is down 0.1%, the S&P 500 is up 0.6% and the Nasdaq is up 1.1%.
In the US debt market, government bond yields are trading in a mixed trend. The 10-year yield to maturity is climbing 8 basis points and is trading around 4.14%. The two-year yield is trading stable around 3.95%.
16:33
The trading day on Wall Street opened with a mixed trend. The Dow Jones is down 0.2%, the S&P 500 is up 0.2% and the Nasdaq is up 0.5%.
The aircraft and aircraft manufacturer Boeing Down about 3% after it was reported at the end of the week that the airline will cut its workforce by 10%, or about 17 thousand workers, following the deepening of the losses recorded and the strike of the company’s employees, which is now entering its fifth week.
In addition to the layoffs, the company announced that it is delaying the launch of its new aircraft, the Boeing 777X.
15:19
In Europe, the mixed trend in trade continues. The DAX index rises by 0.2%, the CAC falls by 0.3% and the Potsi falls by 0.1%.
On Wall Street, the futures of the leading indices are now trading in a mixed trend – the Nasdaq and the S&P 500 are up 0.2% while the Dow Jones is down 0.1%.
13:15
Trading in Europe is relatively stable today, it seems that the regional markets are still looking for direction after a turbulent week last week and before the financial reports on Wall Street. The DAX index rises by 0.2%, the CAC falls by 0.3% and the Potsey falls by 0.1%.
Shares of luxury brands are falling as investors weigh the stimulus plans of China, one of the brands’ main markets. Gucci’s owner’s share Kring down 3.6%, while LVMH down 2.8%, and shares Barbary Group andChristian Dior by about 2%.
11:34
In Europe, calm trading is currently underway with a mixed trend. The DAX index rises by 0.2%, the CAC falls by 0.3%, and the FTSE falls by 0.1%.
The betting companies Plotter Entertainment and-Antian Fall in European trading following a media report that the UK government is about to increase taxes on online casinos and bookies. The Guardian reported on Friday that some of these taxes may double, and could come with the approval of the British budget later this month.
10:24
Trading in Europe opened this morning with relative stability and a mixed trend. The DAX index increases by 0.2%, KAC is unchanged and POTSI decreases by 0.1%.
In Asia, the Chinese Shanghai index jumped 2% today, the Hang Seng index fell 0.7%. There is no trading in Japan today on the occasion of Sports Day.
08:10
In Asia, the week opened with a mixed trend – in China, the Shanghai index rises by 1.2% and the Hang Seng falls by 0.8%, the South Korean Kospi rises by 0.9%. In Japan, on the occasion of Sports Day in the country, no trade takes place.
The futures contracts on Wall Street indices are trading stable this morning.
Last Friday, the stock markets in the USA closed with gains. The S&P 500 index added 0.6%, the Dow Jones rose by 1%, the Nasdaq by 0.3%. The three main indexes recorded a five-week streak of increases. The S&P 500 and Dow Jones ended Friday at new highs. This is the 45th record of the year for the S&P 500 index, and this is the first time that the index climbed above 5,800 points. The increases came after the major US banks, JP Morgan and Wells Fargo, reported positive results for the third quarter, with no signs of an imminent consumer slowdown.
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stock Tesla Dropped 9% following the company’s “We, Robot” event on Thursday night. The event revealed the Robotaxis. Tesla CEO Elon Musk, who arrived nearly an hour late and was on stage for barely 20 minutes, failed to impress investors. On the contrary. Analysts highlighted the lack of details on Tesla’s execution strategy. Bernstein analyst Tony Saccongi pointed to Tesla’s need to provide further evidence to investors, and addressed the lack of detail Sakongi even expressed doubts about the potential for significant profits due to technical and regulatory hurdles.
The one who still enjoyed the event is Maniyat Uber which jumped by almost 11%. This too can be considered an overreaction correction. Musk’s announcement in April sent Uber shares tumbling in the months that followed as investors worried about a competitive threat.
The aircraft and aircraft manufacturer Boeing will cut its workforce by 10%, or about 17 thousand workers, following the deepening of the losses recorded and the strike of the company’s employees, which is now entering its fifth week. In addition to the layoffs, the company announced that it is delaying the launch of its new aircraft, the Boeing 777X.
during the report season, Bank of America , Goldman Sachs Group andMorgan Stanley The reports of the big banks will conclude the report season, the reports of Shell United Airlines andNetflix They will also be in the spotlight this week.
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In the American debt market, in the last week government yields rose along the entire length of the curve, with the yield on the 10-year bond rising by 10 basis points to 4.1%. Best points out that “it does not seem that the recent upward surprise in inflation will divert the Fed from the process of lowering interest rates. In the bond market, there is continued pressure to increase yields. In a survey conducted by JP Morgan, bond investors have become the most pessimistic since the beginning of 2023. In our estimation, at current levels bond yields in the US are attractive for investment.”
In the commodities market, oil prices fell by about 0.8% last Friday, after a week of volatile trading amid tensions in the Middle East. The price of a Brent barrel was $78, and a WTI barrel was trading at $75.5.
The British investment giant Shroders published an analysis of the impact of the crisis in the Middle East on oil prices. Malcolm Melville, manager of energy funds at the investment house, and David Rees, senior economist for emerging markets, warn that an increase in oil prices could affect inflation and lead to an increase in interest rates.
Schroders’ analysis indicates a recent increase in oil prices to over $80 per barrel, after falling to around $70 in early September. This increase reflects the growing concern of investors about the effect of the conflict on the supply of oil. Despite this, Schroders estimates that the dynamics of supply and demand for oil is expected to be relatively balanced in 2025. “The growing demand, resulting from lower interest rates in the developed markets, is expected to be balanced by small increases in production from various producers,” explains Melville.
OPEC currently has an excess production capacity of approximately 5-6 million barrels of oil per day, after cuts in supply in recent years. This figure raises the possibility of a significant excess of oil in the near future. “In a market where global demand stands at 102 million barrels per day . If the geopolitical risks, such as an Israeli attack on the Kharg oil terminal in Iran (which produces approximately 1.7 million barrels per day), materialize – this may change this balance dramatically,” explains Melville. According to Schroders economists, such a scenario of harm At the Kharg Island oil terminal, oil prices may rise to $85-90 per barrel – the same level as the oil price in April this year.
“An extreme scenario of a significant escalation, in which Iran will close the Straits of Hormuz, a significant shipping route, the investment house estimates that the price of oil could soar to a historic high of $147 per barrel, a figure that would “disrupt” the energy market as the market could potentially lose 20% of its supply.
Macro in the US, inflation surprised upwards. Its annual rate continued to fall to 2.4%, the lowest level since 2021. In contrast, the rate of core inflation rose to 3.3%. Best notes that “in fact, there are five items that are responsible for more from 70% of inflation, even though its weight in the index is only about 43%. Within the five, the main impact relates to the housing section, which is the heaviest of all. According to most signs, the direction of rent is downward. For this matter, it will be important to see this week the publication for the third quarter of the change in the prices of the renewed and new leases. If the trend of the rather sharp decline that was in the previous quarters continues, inflation in the US will decrease in the coming year.”
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