Mixed trend on Wall Street; Bitcoin is climbing

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

22:00

Trading on Wall Street continues in a mixed trend – Dow Jones rises 0.5%, S&P 500 remains unchanged and Nasdaq falls 0.4%.

In the crypto sector, Bitcoin completes a 1% increase in the last day and now the value of one currency is 65,929 dollars. Ethereum climbed 1.7% in the last day and is now worth $2,702 per coin.

20:30

Trading on Wall Street continues in a mixed trend: Dow Jones rises by 0.5%, S&P 500 falls by 0.1% and Nasdaq weakens by 0.4%.

Liveperson jumps by 7.4%, solaredge adds 5.8% andcompugen jumps by 7.1%.

18:46

The trading day in Europe closed with price increases. The Dax added to its value by about 1.4%, the Putsi rose by 0.4% and the Kakka rose by 0.6%.

Trading on Wall Street is currently in a mixed trend: the Dow Jones adds 1%, the S&P 500 rises by 0.1% and the Nasdaq weakens by 0.2%.

17:32

Trading on Wall Street is in a green trend: Dow Jones strengthens by 0.8%, S&P 500 rises by 0.2% and Nasdaq remains unchanged.

The pharmaceutical company Bristol-Myers Squibb Adds 2.3% after the FDA approved the drug Cobenfy it developed to treat schizophrenia in adults. This is the first new line of treatment for the mental disorder in several decades.

In Europe, trade continues to rise.

16:30

Green opening on Wall Street: the Dow Jones index strengthens by 0.3%, the S&P 500 and Nasdaq add 0.2%.

The Danish pharmaceutical giant Novo Nordisk falls by 4.4%, this after JP Morgan published a negative forecast regarding the company.

In Europe, trading continues to rise – Dax rises by 1.2%, FTSE advances by 0.2% and CAC strengthens by 0.5%.

15:30

The PCE index (the Fed’s preferred price index) for the month of August stands at an annual rate of 2.2% – lower than analysts’ expectations. Last month the index stood at 2.5%. The core of the index, which excludes energy and food prices, stands at 2.7% – in line with expectations.

Yoni Penning, Chief Strategist, Mizrahi Tefahot Trading Room: “As in the CPI, the fuel items were the more negative factor this month, and this helped moderate the inflation environment. Inevitably, removing them from the calculation puts core PCE inflation at a much higher 2.7% From overall inflation, on the one hand, but on the other hand, at current levels, you can already feel how significant every 0.1% is.

“From a local point of view, in the coming months, if the aforementioned market expectations are indeed realized, we are expected to find ourselves with a Fed interest rate lower than that of the Bank of Israel. The last time this happened was a decade ago. And at the time, at one point this made the shekel a target currency for investment against currencies with lower interest rates During that period, after reaching a peak of over 4.0 against the dollar, the shekel registered a significant appreciation of over 14% over the course of two years the obvious inherent in the current environment”.

At the same time, the increases in trading in Europe continue – the DAX index climbs by 1.3%, the POTSI adds 0.4% and the CAC increases by 0.6%. Increases are also recorded in the stock exchanges of Italy, Portugal, Belgium, Austria, the Netherlands and Spain.

14:45

The pan-European Stoxx 600 index is now up 0.3%, surpassing the all-time high of 527.68 points. Among the stocks that jumped the index are Moncler The Italian that jumps by 8%, the car company Forbia The French which jumps by 8%, and the fashion brand barbaric which increases by 5%.

13:30

Trading in European stock markets is going on a positive trend. The French CAC index increases by 0.4%, the DAX adds 0.9% and the FTSE index increases by 0.4%.

In the US, 10-year government bond yields are trading at 3.79% and the yield on two-year bonds is at 3.62%.

In Germany, the bank share Commerzbank The car stock adds about 0.5% Mercedes Benz adds 3%, BMW Increases by 2.9%, a share porsche Increases by 2.7% and a share Volkswagen adds about 3%.

12:00

Slight increases in Europe. CAC increases by 0.3%, the DAX adds 0.4% and the Potsi index increases by 0.1%.

The Italian fashion giant Moncler jumps 10%, after reports that the French fashion corporation Louis Vuitton Considering investing in Double R, controlled by Moncler. The French corporation is now up 3%.

Slight declines in early trading in the US, with declines of up to 0.3% in contracts on the Nasdaq.

10:20

European stock markets opened with slight gains. The French CAC index increases by 0.1%, the DAX adds 0.3% and the FTSE index increases by 0.1%.

Inflation in France cooled sharply in September, according to data published today.

According to the data, the normalized inflation for Europe (HICP) in the second largest economy in the Union decreased to 1.5% in September, compared to 2.2% in August. This is compared to an expectation of 2%.

The domestic consumer price index (CPI) data in France also showed a decline. The index stood at 1.2% in September, compared to 1.8% in August.

Asian stock markets closed in a mostly positive trend. The Nikkei index closed up 2.6%, the Kospi index fell 0.8%. In China, the Shanghai index climbed by 2.8% and the Shenzhen index by 6.7%.

The Hang Seng index in Hong Kong rises by 3.2%.

08:00

The main indices in Asia are trading with sharp price increases this morning. The Nikkei jumps by 1.6%, the Shanghai Stock Exchange rises by 2%.2, the Hang Seng climbs by 3.8%, and the Kospi weakens slightly by about 0.2%, the Shenzhen Index jumps by 6.4%.

The stock markets in China are expected to end the best trading week in 16 years, against the background of the publication of positive macro data by the country’s central bank earlier this week, in which it announced a number of reliefs and mainly lowered the reserves required for banks and the short-term interest rate.

China’s general index, the CSI 300, climbed 15% this week, an increase not seen since November 2008.

At the same time, the Hang Seng index in Hong Kong is expected to close the week with a 12.8% increase, thus closing the best week since 1998, according to FactSet data.

US futures are trading close to fundamental levels.

Today at 3:30 p.m. (Israel time) the Fed’s preferred inflation index, the Personal Consumption Expenditure (PCE) price index, will be published in the US. In addition, data on personal income and expenses will also be published. Economists predict that the core price index, excluding volatile food and energy, rose by -0.2% in August from July. On an annual basis, they expect an increase of 2.7% for the core index, compared to 2.6% measured in July.

Wall Street closed higher last night. The S&P 500 rose 0.4% to a new high, the 42nd of the year, the Nasdaq rose 0.6% and the Dow Jones also rose 0.6%.

Meanwhile, with two trading days left in the month, even though the stock indexes tend to decline in September, all three indexes are on the safe path to a positive month, the Nasdaq is up 1.1% YTD, the Dow Jones is up 1.3% and the S&P 500 is up 1.6 %.

The price of gold reached an all-time high of $2,685 last night.

Oil prices continue to fall by about 0.3% today, after falling by about 3% yesterday amid estimates that the OPEC+ oil cartel will not cut oil production, in addition to the low chance that investors give for demand recovery in China.

In the US, government bonds are rising slightly this morning (Friday) – the 10-year yield is trading at 3.8% and the two-year yield at 3.64%.