Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
The dual chip company Tower Announced along with Juniper Networks On the world’s first-of-its-kind Photonics silicon platform that combines a III-V laser, optical amplifiers, modulators (transmitting information on a high-frequency wave) and sensors on a single silicon chip. The platform enables the development of products for the optical communications, telecom, data centers and solutions in the field of artificial intelligence and LiDAR for autonomous vehicles. “According to Yole, the silicon photonics market for communications is expected to reach a market value of $ 5 billion in 2025,” the company said in a statement.
Trading in Europe continues to be in a positive trend, with Dax and Kak up 0.6% and Potsey advancing 0.9%. Eurostocks 50 is up 0.7%.
Asian stock markets have closed higher, with the Nikkei up 2%, Shanghai up close to 0.9%, Hang Seng up 1% and Kospi up 0.4%.
In the futures trading arena on the Wall Street indices the momentum is also positive, with increases of 0.5% -0.7% in the three major indices. Micron Technology Prominent in pre-trade after publishing good reports last night, and also Nike Climbs 3.5% after its reports. It also seems that technology and tourism stocks are facing a positive day.
The day of trading on the European stock exchanges opened with a positive trend. Trading in futures contracts on the Wall Street indices is up 0.5% -1%.
Despite the recent turmoil in the markets, the Goldman Sachs are transmitting optimism. David Costin, the chief strategist of the investment bank, sets a target of 5,100 points for the S&P 500 index by the end of 2022.
Asian stocks are up today, after sharp declines yesterday. The Nikkei index in Tokyo jumps by 2% and the Hang Seng index rises by 0.7%.
On Wall Street, trading closed down last night. In the first hours there were sharp declines of almost 2% but later the negative trend moderated. The Dow Jones Industrial Average was down 1.2%, the S&P 500 was down 1.1%, and the Nasdaq was down 1.2%.
Chips shares in Asia are leading the gains, after Micron last night released strong reports in New York after the close of trading, and the company’s stock jumped about 7% in late trading. Tokyo Electron jumps by 4% and Adventest rises by 4.3%.
Trading in futures on Wall Street indices is up 0.7% -1%. Yields on stable government bonds and yields on 10-year US bonds stand at about 1.43%.
Recall that on Friday the stock exchanges in the US, Frankfurt, Madrid, Milan and Zurich will be closed for Christmas, while in London, Paris and Hong Kong there will be early closing.
In the commodity market, there are increases of 1% -1.3% in contracts for oil. Gold maintains stability.
In the crypto market, Bitcoin records an increase of about 3% and trades around 48,300 and Ether rises 2.4% to about $ 4,000.