Trade review: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
17:02
Trading on Wall Street follows a positive trend – Nasdaq rises by 0.3%, Dow Jones by 0.2% and so does the S&P 500.
stock Microstrategy Increases by about 4% by about 6% following a renewed increase in bitcoin prices. The leading currency briefly crossed the $97,000 mark today, registering a 4% increase to $96,700.
Other crypto stocks also benefited from the positive trend, with a 3.7% increase in the stock Coinbase Global and of 5.6% in the stock Riot Platforms .
16:30
Trading on Wall Street opened in the afternoon with gains – NASDAQ up 0.6%, Dow Jones up 0.4% and so did the S&P 500. The producer price index surprised positively about an hour ago and rose less than expected. Investors will now wait for the consumer price index to be published tomorrow, a figure Added before the interest rate decision to be made at the end of the month by the Federal Bank.
15:34
The producer price index in the US published a few minutes ago indicates an increase of 3.5% in December on an annual basis, less than expected which was 3.8% and slightly more than November, 3.4%.
14:40
A positive trend in Europe: the DAX index rises by about 0.7%, the CAC climbs by about 0.9% and the FTSE trades stably.
The wireless communication equipment company Sargon Networks announced the purchase of an American company: Sargon will pay 8.5 million dollars for the End 2 End company that provides solutions for the private network market, mainly for the infrastructure and energy markets. The payment may later increase by $4.3 million, subject to meeting targets. Part of the deal is in shares – about 215,000 Sargon shares. The company estimates that the acquisition will add $15-19 million in revenue to it in 2025, and will contribute to Non-GAAP profit from the second half.
13:20
A positive trend in Europe: the DAX index rises by about 0.8%, the CAC jumps by about 1.2% and the FTSE rises slightly by about 0.1%.
In the crypto market, Bitcoin and Ethereum are trading in sharp increases: Bitcoin is up by about 6.3% and its price is around $96,500, while Ethereum is up by about 5.4% and its price is around $3,200.
The UK Competition Authority has announced that it will open an investigation into Google’s search and the company’s advertising services. The Authority stated that the purpose of the investigation is to check whether Google has a “strategic market status”, according to the new legislation passed in Britain in the field of competition in digital markets. The purpose of the legislation is to prevent anti-competitive behavior, and classifying a company as having “strategic market status”, will give the regulator the power to force changes on it.
12:00
A positive trend in Europe: the DAX climbs by about 0.6%, the FTSE rises by about 0.1%, and the KAC jumps by about 0.9%.
The stock of chips Nvidia Increases by about 2% in pre-trade. Also, shares of other chip companies, among them Super Micro Computer , TSMC and-ASML record increases.
The stock of the British Card Factory company rises by about 8%, after it published positive reports for the fourth quarter of 2024. The company reported that total sales during the past year increased by 6.2% to 619 million dollars, compared to 2023.
The British online food retailer’s stock Ocado Group Jumps by over 10%, after reporting record sales during the Christmas period.
company Daimler Truck Holding owned by the German auto giant Mercedes-Benz Group announced that Amazon has placed an order for over 200 electric trucks for use in the UK and Germany. According to the company, this is the largest electric truck order it has ever received, as well as the largest Mercedes-Benz electric truck contract.
10:40
A mixed trend in Europe: the DAX climbs by about 0.6%, the CAC advances by about 0.9% and the FTSE falls by about 0.1%.
stock JD Sports Fashion is now down about 10%, after the sportswear retailer announced that it is lowering its earnings forecasts for 2024. The company said it expects its EBITDA to be between $1.12 billion and $1.14 billion; This, when in November, the company’s forecast was between 1.16 and 1.26 billion dollars.
10:15
A positive opening in Europe: the DAX index rises by about 0.7%, the CAC jumps by about 1% and the FTSE trades stably.
Asian stock markets closed higher, with the exception of Japan: the Shanghai Stock Exchange jumped by about 2.5%, the Hang Seng jumped by about 1.8%, the Kospi advanced by about 0.3%; On the other hand, the Japanese Nikkei fell by about 2%
British oil giant BP is now down about 2%, after announcing an expected drop of between 100 and 300 million dollars in profits in the fourth quarter of this year, as well as an expected drop in the level of oil production.
9:05
Asia
Asian stock markets are trading mainly in gains: the Shanghai Stock Exchange jumped by about 2.5%, the Hang Seng jumps by about 1.7%, the Kospi advanced by about 0.3%; On the other hand, the Japanese Nikkei fell by about 2%.
The stock of the Japanese chip testing equipment manufacturer Adventest fell nearly 10%, with the Biden administration’s decision to impose restrictions on the export of chips in the US in the background (see expansion below).
In Japan, the central bank is expected to discuss whether to raise interest rates at the policy meeting it will hold next week. The ten-year bond yield in the country rose to 1.239 – the highest in 13 years.
Wall Street
Last night on Wall Street, the trading day closed in a mixed trend. The Nasdaq fell 0.4%, the S&P 500 added 0.2%, and the Dow Jones rose 0.9%. Throughout the trading day, the main indices traded lower, which moderated towards the end, and the turmoil after the strong employment report, which raised the Investors’ fear of a slowdown in the rate of interest rate reductions has begun to pass.
Quantum computing stocks fell sharply, after Meta CEO Mark Zuckerberg joined the words of Nvidia CEO Jensen Huang, who claimed that quantum computing technology is far from commercial use. Among the stocks that plunged: Righetti, D-Wave, IonQ, and Quantum Computing.
stock Nvidia decreased by about 2%, against the background of the Biden administration’s decision to limit the export of graphic processors, when the restrictions will apply, among other things, to Israel as well. The company reacted sharply to the move, saying that “the law wastes America’s technological advantage.”
The pharmaceutical company modern Plunged by over 15%, after announcing yesterday the lowering of its revenue forecast for 2025 by about a billion dollars, due to a number of potential challenges expected later this year. The company now predicts that its revenues in 2025 will be between 1.5 and 2.5 billion dollars, with most of the revenues expected in the second half of the year; This forecast is lower than the previous range of 2.5-3.5 billion dollars, published in September.
Trading in the futures contracts on US stock market indices is underway this morning with slight price increases.
US debt market
The government bonds in the US are registering declines this morning. Ten-year bonds decrease by approximately 4 basis points, with a yield of 4.76%; two-year bonds decrease by approximately 3 basis points, with a yield of approximately 4.37%.
The global forex market
In the global foreign exchange market, the dollar weakens slightly against the euro ($1.02) and the pound sterling ($1.22), and strengthens slightly against the Japanese yen (157.61 yen).
The crypto market
Bitcoin is now up by about 1.4% and its price hovers around $94,900. Ethereum is slightly down and its price is now hovering around $3,200.
the commodity market
Oil prices are registering declines this morning. American oil is down about 0.6% and the price of a barrel stands at about $76.9; Brent oil is down about 0.7% and the price of a barrel stands at about $80.5.
Macro
At 15:30 Israel time, the US producer price index will be published.
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