Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
Trading on the New York Stock Exchange opened stable: the Nasdaq was up 0.2%, the S&P 500 was up 0.1% and the Dow was maintaining stability.
The U.S. Senate is likely to pass a $ 1 trillion infrastructure investment program today. The plan includes a new $ 550 billion investment in transportation and broadband infrastructure, and may help the economy recover from the corona crisis.
The ten.year US government bond yield is stable at 1.32%, the dollar is up 0.2% against the currency basket and against the Japanese yen to 110.5 yen per dollar. The pound is stable at $ 1.38 per pound and the euro weakened 0.2% to $ 1.17 per euro.
WTI oil is up 1.2% at $ 67.3 a barrel and Brent crude is up 1.1% at $ 69.8 a barrel. Gold is up 0.1% and is trading at around $ 1,728 an ounce.
Shares of the AMC cinema chain continue to rise and jump 7% ahead, after reports showing a loss of 71 cents per share, 20 cents lower than analysts’ forecasts, and higher.than.expected revenues.
Of the Israelis, Nano Dimension jumps 8%, Arcturus Therapeutics flies 27%, Ormed jumps 9%.
In Europe there is mixed trade, with price increases recorded in Frankfurt, Paris, Amsterdam, Milan and more, while in London, Madrid and Lisbon there is considerable weakness.
In Germany, there was a decrease of almost 1% for Deutsche Bank, and in London, too, there were high decreases among bankers and investment houses, including Barclays, Lloyds, HSBC, Standard Chartered and M&G. In Paris, too, banks are losing ground, led by Credit Agricole, which is down 1.3%.
Futures contracts on Wall Street signal a mixed opening, with contracts on the Dow Jones trading down slightly while contracts on the Nasdaq 100 climb. Prior to the opening, AMC stands out, soaring 8%.
Company Thyme Digital Reported today that revenues in the second quarter of 2021 totaled approximately $ 81.7 million, compared to $ 37.4 million in the second quarter last year. Net income (GAAP) in the second quarter of 2021 was $ 5.6 million, compared to a net loss of $ 4.6 million in the second quarter of 2020. Non.GAAP net income in the quarter was $ 10.5 million, $ 0.22 per share, compared to a net loss of 1.3 $ 1 million in the second quarter last year. The company expects third.quarter revenue to be in the $ 88.92 million range.
Allot reported today that revenue in the second quarter of 2021 totaled $ 35.3 million, an 8% increase compared to revenue of $ 32.8 million in the second quarter of 2020. The net loss based on GAAP in the second quarter amounted to $ 4 million, compared to a net loss of $ 3.6 million, in the second quarter of 2020. On a non.GAAP basis, the net loss in the second quarter was approximately $ 1.5 million, compared to a net loss on a non.GAAP basis of $ 2.4 million, in the second quarter of 2020.
In Europe, a mixed trend continues. The Potassium index is down 0.1%, the Lisbon 20 index is down close to 0.5%, and the rest of the European stock exchanges are rising. European banks, including Deutsche Bank , Credit Agricole, Lloyds, Chartered Standard and more are weakening.
Asian stocks closed higher. The Nikkei was up 0.2%, Shanghai was up 1%, Shenzhen was up 0.8% and Hong Kong was up 0.9%. The China 50 Index was up 2.2%.
In Tokyo, Mitsubishi UFJ Financial Group stood out with a 1.5% increase in the high trading volume of the index by a wide margin. Mitsubishi Motors on the other hand shed 2.3%. Z Holdings, formerly Yahoo! Japan, down 0.6%, Softbank up 0.9%. In Hong Kong, Shiomi stood out with a 2.4% increase, and Tencent, Maitouan, Alibaba’s health services arm and the Idleau restaurant chain also recorded nice increases.
In the oil sector, there are increases, following yesterday’s oil drop of about 4%. Brent crude oil lost 1.3% and traded at $ 69.9 a barrel, WTI oil shed 1.6% and traded at $ 67.5 a barrel.
In the crypto market, too, the screens are still green, and bitcoin is trading above $ 46,000 again – an increase of about 18% within a week. Heather stands at over $ 3,100, and the Ripple and DogeCoin also strengthened to 81 and 24 cents respectively.
The day of trading on European stock exchanges opened with a mixed trend with a tendency for gains. Wall Street futures are trading steadily.
In the commodity trading arena, a Brent oil contract is up more than 1% to $ 69.90 a barrel.
Asian stock markets are trading in a mixed trend today, following a mixed close in New York yesterday. Wall Street futures are down slightly.
Traders and investors around the world continue to closely monitor the spread of the Delta variant and other strains of the corona virus.
In the commodity trading arena, a Brent oil contract is recording a slight rise after a sharp drop yesterday and gold is also recovering with a 0.7% rise in the ounce price.
Bitcoin is now recording a slight decline and is trading around $ 45,700 after recording a sharp rise yesterday.
Rafi Gozlan, chief economist at IBI Investment House, notes in his weekly macro review that the U.S. bond market responded to the employment report released Friday with yields rising while raising expectations for interest rate hikes. In recent months, the level of employment has been about 5.7 million lower than before the crisis, but the rapid improvement in recent months will make it difficult for the Fed not to assess that this is a significant improvement on the way to achieving the full employment target. “All this when in the background the inflation environment is significantly higher than the target, even if the assessment prevalent by the Fed and the markets is that it is inflation that is prevented by temporary factors.“
The improvement in employment. Until the interest rate decision in September, another employment report will be published and if it continues the line of June.July data, the Fed will find it difficult not to declare a “significant improvement”. Thus, over the next month it is likely that Fed members (and possibly Powell at a meeting at Jackson Hall at the end of the month) will prepare the markets for the possibility of an early announcement of a reduction in purchases. “This estimate is expected to lead to a further increase in the pricing probability of raising interest rates in the US.“