Trade review: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
18:30
The trading day in Europe closed with a mixed trend. The Dax jumped 1%, the FTSE traded around base levels and the KAC rose 0.9%.
16:47
The gains on Wall Street continue. The Nasdaq is up 1%, the Dow Jones is up 0.1% and the S&P 500 is up about 0.5%.
Netflix Jumps by about 13% following the strong reports it published last night in which it reported that it crossed the 300 million subscribers mark in its streaming services in the current quarter. At the same time, Netflix used the momentum to announce a price increase.
The company reported revenues of $10.25 billion, compared to analysts’ forecasts of $10.11 billion. In the line of earnings per share, the company reported $4.27 per share, while analysts’ forecasts were $4.2 per share.
16:30
The trading day on Wall Street opened with rising rates. The Nasdaq is up 1%, the Dow Jones is up 0.2% and the S&P 500 is up about 0.5%.
15:11
Optimism continues on Wall Street, after last night’s gains, futures trading signals further gains today – Nasdaq is now up 0.8%, Dow Jones is up 0.3% and S&P 500 is up 0.5%.
13:52
The streaming giant Netflix jumps about 15% in early trading on Wall Street, last night the company reported excellent reports and announced that it crossed the 300 million subscribers mark in its streaming services in the current quarter. However, Netflix used the momentum to announce a price increase.
The official announcement in the letter to investors in the reports states: “As we continue to invest in programming and provide more value to subscribers, from time to time we will ask our subscribers to pay a little more, so that we can reinvest in order to make Netflix even better.”
12:49
stock Adidas Jumping about 6% after the company reported a 19% increase in sales in the fourth quarter. The sports clothing and footwear manufacturer indicated that its revenues amounted to almost 6 billion euros ($6.25 billion) in the last three months of 2024, neutralizing the effects of currency changes.
Wall Street analysts raised their target price for the stock following the publication of the results. The company is expected to report its annual results in March. “There is currently a lot of macroeconomic uncertainty, but our goal is clear: to grow again at double-digit rates with the adidas brand, and use this growth to improve our operating profit and move towards the target of a 10% profit margin,” said the company’s CEO, Bjorn Golden .
10:26
Trading in Europe opened this morning with slight increases – DAX by 0.6%, CAC and POTSI by 0.1%.
In Asia, trading closed with a mixed trend – the Nikkei index rose by 1.6%, the Kospi index by 1%, Chinese stocks fell sharply – the Shanghai index by 1% and the Hang Seng index by 1.7%.
08:48
In Asia this morning, the trend is mixed: the Nikkei index rises by 1.5%, the Kospi index by 1%, Chinese stocks fall – the Shanghai index falls by 1% and the Hang Seng index by 1.7%.
The declines in China are due to Trump’s latest announcement yesterday, “We’re talking about a 10% tariff on China based on the fact that they’re sending fentanyl to Mexico and Canada,” the president told reporters at the White House yesterday. “February 1 is probably the date we’re focusing on,” he added.
Wall Street futures are trading higher this morning, mainly in the Nasdaq which is now up 0.7%, the S&P 500 up 0.6% and the Dow Jones unchanged.
Yesterday, the first trading day of the Trump era closed tonight with gains, the Nasdaq rose by 0.6%, the Dow Jones by 1.2% and the S&P 500 by 0.9%.
The main reason is the softened tone that Trump took regarding the tariffs, thus allaying investors’ concerns and especially affecting chip stocks. Trump said he was considering imposing 25% protective tariffs on Mexico and Canada starting February 1 due to their border policies, while the market feared the tariffs would be immediate when he entered the White House yesterday.
Yesterday there was a change at the top: Nvidia rose by about 2.3% to a market value of $3.45 trillion and thereby overtook the first so far, Apple which fell by about 3% to a market value of $3.36 trillion. Microsoft is third with a market value of $3.18 trillion. dark Decreased following a rating downgrade by Wall Street analysts.
The streaming giant Netflix published after the lockdown its financial results for the fourth quarter of 2024. The company surpassed expectations and the company reported a jump of 19 million users. The stock jumped about 14% in late trading. The company announced a share buyback in the amount of 15 billion dollars and also announced a price increase.
stock Tesla fell by about 0.5% after opening the day higher. The reason is that the new president reversed a pro-electric vehicle (EV) policy introduced by the previous president Biden. Trump is also canceling funding for electric car charging stations.
stock oracle Jumped about 6% following a report that the company will take part in a $500 billion investment in artificial intelligence (AI) infrastructure announced by President Donald Trump yesterday. This is an investment with the involvement of companies such as Oracle, OpenAi and the giant Japanese corporation Softbank in a joint venture.
The venture, called Stargate, is expected to begin with a data center project in Texas, according to a CBS News report that first published the news. The executives of the companies involved are expected to commit to an initial investment of 100 billion dollars. Additional companies are expected to join the project, and the total investment in the program may reach 500 billion dollars in the coming years.
In the US debt market, yields on government bonds fell and continued the downward trend that began last week following milder than expected inflation data. The yield on the 10-year US government bond fell 4 basis points to 4.58%, down from 4.61% on Friday.
The declines are attributed to the fact that President Trump did not take more aggressive steps regarding tariffs on the first day of his term. Broad tariffs on imported goods could hurt the value of bonds by raising consumer prices and preventing a significant interest rate cut by the Federal Reserve.
In the commodity market, after Trump declared an “energy emergency” yesterday, oil prices dropped about 2%, American oil traded at about $76.1 per barrel and Brent oil at $78 per barrel.
The market estimates at $20 billion the current cost of refilling the US strategic oil reserve “to the end”, as promised by President Donald Trump in his inauguration speech on Monday.
The Biden administration sold more than 180 million barrels of oil from the reservoir in an effort to control the rise in fuel prices, following Russia’s war in Ukraine that led to a spike in inflation. Lower-cost purchases since then have helped partially fill the stockpile, which leaves the huge storage spaces with capacity for about 300 million more barrels. The market estimates that purchasing such an amount of oil on the open market will cost close to $23 billion and will require congressional approval for new expenditures. This is a heavy cost for a new administration that has promised to cut the federal budget.
Macro in the US: The current year, 2025, begins with uncertainty in the markets, mainly following the Fed’s non-commitment to aggressive interest rate cuts despite a stronger-than-expected US economy.
While in September the officials expected four interest rate cuts this year, the forecasts now stand at only two. The reason for this is the continued concern about inflation. The president of the San Francisco Fed, Mary Daly, said this week that she could not commit to further interest rate cuts.
The CEO of Bank of America, Brian Moynahan, noted yesterday that Trump’s entry into the White House weighs on the forecasts for lowering interest rates. “The Federal Reserve needs to adjust its monetary policy to the fiscal policy of the Trump administration,” Moynahan said in an interview with the Yahoo website during the World Economic Forum in Davos , Switzerland, “They are facing a new administration with a new set of fiscal policies, and monetary policy has to respond to that,” said
Moynihan referred to the expected impact of President Donald Trump’s tariffs and the possibility of an interest rate hike by the Federal Reserve. He noted that the bank’s research team found that tariffs at a height of 10%-15% are not expected to significantly affect the economy or inflation, but when “you go beyond that, it becomes more interesting”, according to him, “most of the impact will pass on, the customers will absorb it , there will be more wage demands, and it will work out.”
Moynahan added: “We’re not a central bank-led economy. We’re actually a private-sector-led economy, where the government supports and the central bank responds to. They (the Fed) have to consider what kind of stimulus they’re going to have to respond to.”
According to Gergie Chowdhury, BlackRock’s Chief Investment Strategist, “The fact that the narrative has changed is because the economy is stronger and the labor market is more stable. Based on the current data, it makes sense to expect one or two interest rate cuts this cycle.”
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