Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
17:40
Wall Street’s gains continue. The Dow Jones index is stable, the S&P 500 index is up about 0.5%, the Nasdaq is up about 0.7%.
On a weekly average, the S&P 500 index is down about 0.7%, the Dow is down about 2.4%. The Nasdaq registered a slight increase of 0.3%.
Workday Down more than 13% after it lowered its revenue forecast.
16:40
Wall Street markets opened higher on the last day of the overseas trading week. The Dow Jones index rises -0.2%, the S&P 500 index rises by about 0.4%, the Nasdaq registers gains of about 0.5%.
14:05
The negative trend in Europe continues: the DAX and FTSE indices are down by about 0.4%, while the CAC is down by about 0.2%.
Trading in the futures contracts on Wall Street is conducted with slight price increases: the Nasdaq and the S&P 500 are up about 0.3%, while the Dow Jones is up about 0.15%.
In the commodity market, oil prices are registering declines: American-type oil is down by about 0.4% and the price of a barrel stands at about $76.5, while Brent-type oil is down by a similar rate and its price now stands at about $81.
In the global forex market, the euro and the pound continue to strengthen against the dollar, while the dollar trades stably against the Japanese yen.
The price of gold is up about 0.5% and its price now stands at about $2,340 per ounce.
12:45
Negative trend in Europe: the DAX and FTSE indices are down by about 0.4%, while the CAC is down by about 0.3%.
Retail sales in the UK fell 2.3% in April, more than the 0.4% decline that analysts had expected. The decrease is attributed to the rainy weather, which discourages shoppers from going out to purchase in stores.
GDP in Germany in the first quarter of 2024 grew by 0.2%, an increase compared to the figure of -0.5% in the previous quarter.
The Organization of the Petroleum Exporting Countries OPEC+ has announced that on June 2, it will hold an online meeting to discuss the next steps in their oil production policy. The organization is expected to continue cutting production by two million barrels of oil per day until the end of this year, and the market is watching with anticipation for an announcement regarding this matter.
11:45
The declines in the European stock markets moderate: the DAX index falls by about 0.4%, the POTSI retreats by a similar rate, and the KAC falls slightly by about 0.1%.
In Asia, the Hang Seng index closed down about 1.4%.
In the crypto market, Bitcoin is down about 3.8% and its price is now about $67,000, while Ethereum is down about 3.6% and its price is now about $3,670.
During the night (between Thursday and Friday), the US Securities and Exchange Commission (SEC) approved the launch of basket funds that track the Ethereum spot price. For the crypto market this is significant news, as it is the second largest currency in terms of market capitalization. The meaning – anyone will be able to invest in Ethereum, without the need for a digital wallet or the assistance of a dedicated exchange. A trading account at any bank or investment house is sufficient.
In the global forex market, the pound and the euro are strengthening slightly against the dollar, while the dollar is strengthening slightly against the Japanese yen.
10:20
A negative opening in Europe: the DAX and FTSE indices both decrease by about 0.9%, while the KAC decreases by about 0.7%.
Negative lock in Asia: the Nikkei fell by about 1.3%, the Shanghai Stock Exchange retreated by about 0.9%, the Kospi fell by about 1.2% and the Hang Seng fell by about 1.6%.
8:00
Asia
Asian stock markets are now trading in a negative trend: the Nikkei index falls by about 1%, the Hang Seng retreats by about 1.2%, the Kospi falls by about 1.1% and the Shanghai Stock Exchange falls by about 0.2%.
Shares that make significant movements in Japan: Isuzu up about 1.8%, Suzuki up about 0.4%; Mitsubishi Motors is down by about 0.8%, Nissan Motor is down by about 0.5%, Mazda is also down by about 0.5%, Softbank is down by about 2.1%.
Shares that make significant movements in China: Xiaomi is down by about 3.6%, Lenovo is down by about 1.9%, Alibaba is down by about 0.3%, Baidu is down by about 0.5%, Tencent is down by about 1.3%, Lee Auto is down by about 0.3%, BYD decreases by about 2.5%; CNOOC is up about 2.2%.
The stock of South Korean chip maker Samsung Electronics is down about 3%, after Reuters reported that its high-bandwidth memory chips (HBM chips) are not yet ready for use by the chip giant Nvidia. Officials familiar with the matter told the news agency that the reason for this is heat and energy consumption problems in Samsung’s chips.
During the night (between Thursday and Friday), inflation data was published in Japan. Inflation in the country fell slightly to 2.5% in April, lower than the 2.7% recorded in March (see the expansion below).
Wall Street
Last night (Thursday) on Wall Street, trading closed with price drops; This, despite the optimism that prevailed at the opening of trading following the impressive quarterly report of Nvidia And the rise of the stock, which traded yesterday at an all-time high and above $1,000 per share, for the first time. The Nasdaq, which touched 17,000 for the first time ever, retreated and fell 0.4%, the S&P 500 shed 0.7% and the Dow Jones fell 1.5%, making it the index’s worst day of the year.
Futures trading US stock market indices are now running with slight price increases.
US debt market
US government bond yields are trading with slight price drops this morning: the ten-year bonds are down by half a basis point and are trading at a yield of about 4.47%, while the two-year bonds are down by one basis point and are trading at a yield of about 4.92%.
The global forex market
The dollar weakens slightly against the euro and the pound, and strengthens by about 0.1% against the Japanese yen.
The crypto market
Bitcoin is now down about 2.5% and its price is about $67,670, while Ethereum is up about 0.5% and its price is now about $3,810.
the commodity market
Oil is currently trading in a stable trend. The price of a barrel of American oil stands at about 76.8 dollars, while a barrel of Brent oil is now about 81.4 dollars.
Macro
During the night (between Thursday and Friday), inflation data was published in Japan. Inflation in the country dropped slightly to 2.5% in April, lower than the 2.7% recorded in March. This is the second month in a row that inflation has slowed down in Japan. Core inflation, which excludes fresh food prices, also slowed from 2.6% to 2.2%, in line with expectations.
The “core-core” inflation, which excludes food and energy prices – which the Central Bank of Japan refers to when formulating its economic policy – fell most sharply, from 2.9% to 2.4%.
Later today, the GDP data in Germany is expected to be published. Also, the retail sales data in the UK will be published.
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