Slight gains on Wall Street; Broadcom jumps 6%, Nvidia drops 2%

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

17:14

Slight gains on Wall Street: Nasdaq rises 0.5%, S&P 500 adds 0.3% and Dow Jones rises 0.2%.

micro-strategy Increases by more than 3% following the report that on December 23 the stock will join the Nasdaq 100 index as part of the index’s annual update. Alongside MicroStrategy, stocks Palantir andExxon Mobile will join the index. All three jumped from the beginning of the year in triple digit rates. They will enter instead Super Micro Computer , modern and Illumina . The annual update of the index, which includes the 100 largest companies in NASDAQ that are not financial, is conducted according to the change in the market value of the companies.

16:33

The trading day on Wall Street opened with a mixed trend. The S&P 500 adds about 0.3% to its value, the Nasdaq rises by 0.5% and the Dow Jones falls by 0.1%.

Broadcom Jumps by about 6% following the positive trend it registered last Friday when it jumped by 24% following the quarterly report. In the meantime, the chip maker crossed the trillion dollar mark in market value for the first time, joining only seven other companies in the prestigious club last weekend.

15:07

The downward trend in Europe is led by automobile stocks and especially Nayyat Stellentis The Dutch automobile corporation, maker of Jeep and Dodge (among others), is down about 4% in early trading in New York following the sudden retirement of the company’s CEO Carlos Tavares.

In France, CAC drops by about 0.8% following the Moody’s rating downgrade and in view of the political uncertainty in the country.

14:17

European trading has been going down since the morning, mainly in the French stock market, where the French kac is down 0.8% after Moody’s on Saturday downgraded its government bond rating to Aa3 from Aa2. According to the rating company, the political instability in the country will cause damage to the economy Last Friday, French President Macron appointed a new prime minister, for the fourth time in a year.

On Wall Street, on the other hand, it seems that the week will start with a positive trend, futures are now up about 0.3%.

12:51

Today officially Gil Shvid, founder Check point assumed the position of active chairman of the company’s board of directors, and Nadav Zafarir assumed the position of the company’s new CEO. Attached is a press release that will be published at 1:00 p.m.

11:28

Trading in Europe opened this week with declines – the French CAC fell by 0.6% after the rating company Moody’s on Saturday lowered the rating of its government bonds to Aa3 from Aa2. According to the rating company, the political instability in the country will damage the economy. Last Friday , French President Macron appointed a new prime minister, for the fourth time in a year.

The German CAC index is down 0.4%, as is the British Potsey.

10:35

Trading in Europe opened this morning with a negative trend – DAX and KAC down 0.4%, Potsi unchanged.

Trading in Asia closed lower this morning – the Hang Seng index fell by 0.8%, Shanghai by 0.2%, the Japanese Nikkei closed unchanged.

08:42

In Asia, the week opened with a negative trend, and this is due to mixed macro data in China: retail sales increased by 3% in November, below expectations, there was a decrease in real estate investments, on the other hand, industrial production increased by 5.4% on an annual basis, above expectations. – Nikkei falls down 0.2%, Shanghai down 0.1% and Hang Seng down 1%, South Korean Kospi down by 0.2%.

● The agreement with Mobileye that boosted the Israeli company on Nasdaq by 28%

Wall Street futures are trading steady this morning.

On Wall Street, the trading week will open with all investors alert for the Fed’s interest rate decision on Wednesday. While the market expects a third consecutive interest rate cut that will total a 1% interest rate cut this year, most of the attention will be given to the future interest rate policy, updated economic forecasts and the future interest rate path.

Trading on Friday closed with a mixed trend. Dow Jones fell 0.2% and completed seven trading days of declines, S&P 500 unchanged, Nasdaq rose 0.1%. In weekly summary Dow Jones fell 1.8%, S&P 500 0.7%, Nasdaq K increased by 0.3%.

Broadcom Jumped 24% following the quarterly report and crossed the trillion dollar mark in market value for the first time, joining only seven other companies in the prestigious club.

Tesla It rose over 4% last Friday after Reuters reported that President-elect Donald Trump’s staff had recommended eliminating the requirement to report car accidents. Tesla has reported the highest number of accidents under the current program, which is likely to be controversial in the eyes of CEO Elon Musk. This potential change could ease Tesla’s reporting and regulatory management processes.

On December 23, the change in the NASDAQ 100 index will come into effect. The index is at all-time high levels and the market is already preparing for the annual update of the world’s most popular technology index. Three hot stocks are expected to enter the current update: Planetir Technologies , Microstrategy andExxon Mobile . All three jumped from the beginning of the year with triple-digit rates. They will go in place of Super Micro Computer, Moderna and Iluma. The annual update of the index, which includes the 100 largest companies in NASDAQ that are not financial, is conducted according to the change in the market value of the companies.

At the end of the report season, a number of intriguing reports are expected this week, including that of the chip manufacturer Micron Technology on Wednesday, Nike andFedEx (FedEx) on Thursday andCarnival on friday

In the US, last Friday the government bond market recorded a consecutive Thursday of declines, with sharp increases in yields, especially in the 30-year bond, which experienced the largest weekly increase this year (4.61% on Friday). H for 10 years increased by 24 basis points to 4.39%.

Meitav economists point out that “unlike the US, where expectations for interest rate cuts have moderated, in some developed countries the process is actually accelerating against a background of economic weakness and a drop in inflation.” Canada lowered interest rates by 0.5%. The interest rate in Canada has fallen cumulatively from the peak already by 1.75%. In Switzerland, the interest rate unexpectedly dropped by 0.5% to 0.5% and the market is already expecting it to drop to a zero level.”

“Quite unusually for what was usually customary in the past, despite interest rate cuts and expectations for continuation, the long-term yields in the developed countries remained quite stable in the last year. This happened not only in the US, but also in Europe and the UK. It is possible that the fact that there was no significant deterioration in the economy, as sometimes happened in the past after an interest rate increase, has an effect. It is also possible that fears of inflation and/or high budget deficits prevent investors from buying long-term bonds.”

“In the US last week we even saw an increase in long-term yields for no apparent reason, while increasing the steepness of the yield curve when the 10-year yield for the first time since 2022 rose above the 3-month yields.”

“We estimate that the long-term yields in the developed countries will decrease under the influence of continued interest rate cuts, a drop in inflation and weakness in the economy. If and when the stock markets, especially the American ones, make a significant correction, the process of lowering yields is expected to be faster.”

Oil prices are trading stable in Asia this morning, American oil at $70.3 and Brent oil at $74 per barrel.

Bitcoin rose to a new high yesterday evening when it soared to $106,500, Ethereum touched the 4,000 mark. This morning Bitcoin was trading at $104,500. Silvia Yablonsky, CEO and Chief Investment Officer at the American investment company Defiance, explains the trend: “The frantic price movement of Bitcoin in recent days indicates that there are several forces that are now at work. On the one hand, it is evident that there are profit realizations around the psychological level of $100,000, and on the other hand, a wave of buyers can be identified in every downward pullback. It is possible that the next move will come from institutional investors, especially if the regulatory environment becomes clearer.”

The world is expecting a week of interest rate decisions – on Wednesday in the USA the interest rate is expected to decrease by 0.25% for the third time in a row, on Thursday the interest rate in the UK is expected to decrease but in Japan it will probably remain unchanged.