Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations

19:00

The mixed trend on Wall Street continues, and the decline of the Nasdaq index deepens to 1.4%. The Dow Jones adds 0.4%, the S & P500 retreats slightly.

The declines continue to lead to technology giants. Tesla Loses over 4%, Adobe Submarine at 9%, Anvidia More than 6%, Marvel At 4%. At the summit of the Nasdaq Kraft Heinz Which climbs 2.5%.

The share of Adagio Therapeutics, which fell more than 80% this week after it became clear that the drug it developed is ineffective against the corona variant variant, doubles in value and flies above 115%.

Among the Israeli stocks that are concentrating interest and strengthening today is the Siren andLocust Robotics , When on the other hand Autonomous andBrainsway Lose close to 8%, Icecure , Culture andAllot Weaken by about 6%, Risked Sheds 5%.

The day of trading on the European stock exchanges closed with strong gains of over 1%, while in the run-up to the close in the UK as well, the gains strengthened and the Potassium index added 1.3%. Banks across the bloc have led the rises in various indices, whenLloyds Finished with a significant 4.6% increase at the top of the Potassium Index.

17:10

A change in trend on Wall Street, as the Nasdaq index is now down 0.7% and the S&P 500 is also losing 0.1%. Dow is trading up 0.3%.

The Nasdaq is dragged down mainly by the big technology companies, led by Adobe, which is down 8%, followed by Anvidia, which is losing 4%. AMD Which is down 3.3%, Dark Shed 2.3%, Marvel andTesla Retreat by about 1.9% each.

16:32

After the sharp rises recorded yesterday, the day of trading on the US stock markets opened today with price rises – despite unemployment figures that did not meet expectations. Nasdaq rose by 0.2%, S & P500 and Dow Jones by 0.4%.

Anvidia Records a nice increase after strengthening even in the pre-Israelis period Brainsway , IceCure Medical , Beyond Air , Protelix andWellness .

Having already recorded a sharp decline of over 6% on Tuesday and a decline of about 8% in early trading, Adobe Also falls in full trade. The company today released a new forecast for its revenues in the first fiscal quarter (ending February) and for 2022 as a whole, which did not meet analysts’ estimates. It estimates sales will reach $ 4.23 billion in the quarter, while the market estimates revenue of $ 4.36 billion. Earnings are also expected to be below forecasts: $ 3.35 per share compared to the average estimate of $ 3.4. For the full year, Adobe expects revenue to reach $ 17.9 billion and earnings to $ 13.7 per share (compared to forecasts of $ 18.2 billion in revenue and earnings of $ 14.2 per share).

In Europe, the indices continue to register nice increases after the interest rate decision in the bloc. German Dax adds 1.3%, French Kak 1.1%, Potsey advances 0.9%. Deutsche Bank Notable with a 2% increase in Frankfurt, Lloyds Jumps by 4% in London and also NatWest , Charter standard , HSBC andBarclays Climbers, after raising interest rates in the UK.

15:32

Macro USA: Initial unemployment claims in the United States last week totaled 206,000, compared to expectations of 200,000. In the week before that, we will recall, the number of claims reached a low of about 50 years and stood at only 188,000.

14:47

The Central Bank of the Eurozone (ECB) left interest rates unchanged at zero. In addition, the ECB announced that the Special Quantitative Expansion Program (PEPP) will end in March 2022.

Inflation in the eurozone reached an annual level of 4.9% in November.

14:20

Nadav Ofir, Global Markets Strategist at Bank Hapoalim’s Chamber of Commerce, notes that “by an overwhelming majority of 8-1 members, the BOE decided today to raise the interest rate by 0.1%. The decision was influenced by the central bank’s estimates “To 6% in April. The pound responds with an increase and strengthens against the dollar by 0.6%.”

“In light of the Fed’s interest rate announcement yesterday and the surprise in the UK today it seems that central banks are broadcasting to the market that they attach great importance to inflation and will try to get it back to reasonable levels by using the interest rate tool. “Fast (in the United States) and even start the process of raising interest rates, as we see in the UK.”

14:05

Europe’s leading stock indices are up 1.4% -1.9%. Wall Street indices are trading up 0.6% -0.9%.

The Bank of England (BOE) has announced a rate hike from 0.1% to 0.25% amid rising inflation in the kingdom (5.1% in the last 12 months). This is the first time interest rates have risen in the UK since the outbreak of the corona plague.

On the other hand, interest rates in Turkey are falling again, by 1% to 14%. The Turkish lira continues to lose ground and falls by about 5% against the dollar.

11:35

Europe’s leading stock indices are now climbing 1.1% -1.6%.

Bill Papadkis, a macro strategist at Swiss bank Lombard Odeier, writes following the Fed’s announcement that “the Federal Reserve has clearly moved to a hawkish approach, recognizing that inflation remains higher than expected while progress on the employment front was rapid. The central government will double the rate of its monthly asset purchase reduction and is expected to complete the process by March.While the acceleration in asset asset depreciation was expected, the Fed’s change of direction was more surprising relative to interest rates, and now 3 interest rate hikes are expected during 2022. “Reducing asset purchases and expecting three interest rate hikes next year opens up the possibility of” raising “interest rates as early as spring, shortly after asset purchases are completed.

“While this change seems plausible in the context of recent macro data, we believe we may eventually end up with a less hawkish outcome by 2022, as the inflation picture begins to look better, fiscal support declines and growth momentum slows slightly.”

10:15

Europe’s leading stock indices climb 1.3% -1.6% at the start of trading. Wall Street indices are trading slightly higher.

Contracts for oil are rising by about 1%.

In Tokyo, trading ended with a 2.1% increase in the Nikkei index.

08:00

Asian stock markets are trading today in a mixed trend. The Nikkei is up 1.8%, while Hong Kong’s Hang Seng is down 0.7%. Contracts on the Wall Street indices are trading at slight increases and contracts on oil are rising by about 1%.

This is after a volatile trading day on Wall Street, which began with slight declines, closed with sharp rises. Leading stock indices recorded gains of up to 2.2% in high-tech stocks. This, after the Fed’s announcement.

The US Federal Reserve yesterday (Wednesday) announced an acceleration in the pace of declining bond purchases. US interest rates, meanwhile, remain unchanged at zero. The Fed announced yesterday that it will reduce bond purchases at a rate of $ 30 billion a month, so that the purchases will be completed already during the first quarter of 2022. In addition, Fed heads now estimate that 3 interest rate hikes are expected in 2022, compared to the previous one. only.

Ronen Menachem, Mizrahi Tefahot’s chief economist, writes in response to the Fed’s announcement that “the Fed now estimates that by the end of 2022 the interest rate will be 0.9 percent, instead of 0.3 percent in the previous forecast from September, so it will rise 3 times over the next year and not once. .

“Inflation will stand, this year, at 5.3% according to the new forecast, but will be cut in half next year and will amount to 2.6% in 2022. An interesting situation remains here along with falling inflation, interest rates will rise 3 times. This year and 2.2% next year, the inflation forecast has risen, due to the high indices between the two announcements. The index excluding food and energy will increase, according to the new forecast, 2.7% next year, instead of 2.3% according to the previous forecast. Will close, but both will slow down.

Regarding the interest rate announcement, Menachem notes a number of notable changes compared to the previous announcement: “One, regarding the labor market, the Fed says that employment has strengthened in recent months and the unemployment rate has dropped significantly. This is a significant point because since the outbreak of the crisis, the Fed has broadcast the employment target in the forefront of its mind and even said that it would come with higher inflation than the target. Although it is not surprising, this is a significant change after until recently the Fed claimed that inflation was lower than the target, even when it clearly exceeded it. “In our opinion, the part related to such supply is expected to fade next year, and will indeed lead to the overall decline in inflation, as the Fed expects.”

The Fed reiterates that monetary policy is still expanding and that it reflects credit flows to households and companies.

It is important to note, he writes, “despite the focus on inflation acceleration, that the Fed does not ignore the issue of the plague and reiterates that the economic horizon continues to depend on it. Furthermore, in addition to the previous announcement, he writes The new strain of the virus. This is a very important point in our estimation. The decision, the first for the second term of Chairman Powell, was made unanimously. “This is important for the market because it expects a clear line, after a long period of debate within the Fed and this did not make it easier to make decisions in the markets.”

Overall, Menachem writes, a message that did not surprise, was broadcast and well prepared, which indicates the importance that the Fed attaches to transparency towards the markets. This is with the understanding that the policy will become much less expansive and his desire to do so without shocks to the markets. “Markets rose following the announcement both because there were no negative surprises (a possibility that rose in light of the high inflation rate, which has already reached 6.8%) and also because an uncertainty factor that has troubled it in recent days has dropped from the agenda.”

By Editor

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