Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
The day of trading on the European stock exchanges closed with gains of up to 0.6% in the major stock indices.
In the crypto market sharp declines. Bitcoin fell more than 5% and traded around $ 33,650 and Etherium weakened 6.3% to $ 2,208.
Trade in Europe is still on a mixed trend. The German DAX is down 0.2% and the Potsy is advancing at a similar rate. The French Kak index is trading steadily.
In Frankfurt, Deutsche Bank shares rose 0.9% and Siemens Energy rose 0.8%, while Adidas lost 0.7%, Volkswagen withdrew 0.4% and BMW fell 0.2%. In London, the jump of the Morrisons supermarket chain, which rose by about 11%, continued, and there were also significant increases in the IAG, Barclays, Glencore, Tesco and Lloyds group.
The crypto market continues to be stable. Bitcoin traded for $ 34.5 thousand, Etherium advanced slightly to $ 2,300. The Dogecoin erased the decline it recorded at the beginning of the day and returned to a level of 24 cents.
A mixed trend in Europe. The Dax and Kak record slight declines while the Potsy traded up slightly.
In the commodity trading arena, a Brent oil contract recorded a slight increase and traded at $ 76.5 a barrel. A gold contract is up 0.5% to $ 1,791 an ounce.
European Trading Day opens with price declines. The DAX is down 0.3%, the Cock is down 0.2% and the Potsy is trading steadily with a downward trend. There are also declines in Amsterdam, Madrid, Zurich, Milan and Lisbon.
The British supermarket chain Morrisons jumps 11.5% in high trading turnover, after it was reported that it agreed to the acquisition offer of the Porters Investment Group, which gives it a value of 6.3 billion pounds ($ 8.7 billion). The deal is worth £ 9.5 billion, of which over £ 3 billion will be directed to cover the network’s debt.
The dual technology company Batm , Which trades in Tel Aviv and London, reported receiving a $ 10 million contract from a longtime government client for advanced cyber security solutions.
Meanwhile, the mixed trend continues in Asia. The Nikkei closed down 0.6%, Sydney rose 0.1%. The Shanghai Stock Exchange is currently up 0.2% while the Shenzhen Stock Exchange is down a similar rate. Hong Kong shed 0.3%.
In Asia, mixed trading is taking place this morning, while in Tokyo the Nikkei is down 0.5% and the Hong Kong is down 0.2%. On the other hand, Shanghai and Sydney are up 0.15% and Shenzhen is trading steadily. The Taiwanese index adds 1%, the Kospi index about 0.5%.
In Japan, the 5% drop in the Softbank Group, the pharmaceutical company Eisai, which is developing a drug for Alzheimer’s with In Eugene , Loses 3.5% and Nikon sheds 2.5%.
The crypto market is relatively stable, with the highest decline among the leading currencies being recorded by the Dogecoin, which lost 4.3% and traded at 23 cents. Bitcoin is around $ 34.3 thousand, Etherium about $ 2,270.
Today there will be no trading on Wall Street due to the American Independence Day holiday. The indices on the indices are trading at slight declines of up to 0.15% to the Dow Jones.
On Friday, the yield on 10-year US government bonds fell to 1.43%, following the publication of the deficit forecasts, according to which at the end of the fiscal year (September 2021) it is expected to reach $ 3 trillion (13.4% of GDP). Dr. Gil Befman, chief economist at Bank Leumi, is optimistic about bond yields: “The economy is recovering from the corona crisis with large fiscal expansion and expansionary monetary policy, so the economy is forecast to grow by 7.4% this year and 3.1% in 2022. Thereafter, growth is expected to average 1.5% per year and inflation of 2.1% on average per year. According to this forecast, the 10-year bond maturity rate is expected to gradually rise to 1.9% in 2022 and to average 2.8% in years 2022-2031 “.