Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations

17:30

The negative trend on Wall Street is intensifying. The Nasdaq loses 1.2%, the S&P 500 retreats 1% and the Dow Jones 0.7%.

Tesla Dropping more than 5% after Bloomberg reported that the electric car giant intends to cut Model Y production by 20% at its China plant. This is about a month after the company lowered its prices in China by 9%. At the same time, in November, Tesla recorded a record number of its deliveries in China, crossing the 100,000 vehicle delivery line.

In the commodity market, oil contracts rose by 2.7% after the European Union and the G7 countries announced last night that they had set a ceiling price of $60 per barrel of Russian crude oil. The mechanism is designed to lower the market price of Russian oil globally, by “helping from outside” to countries that still purchase oil in tankers from Russia, such as India, China and Turkey. At the same time, natural gas prices are cut by close to 8%, supplementing a monthly decrease of almost 20%

16:31

Trading on Wall Street opened with a negative trend. The S&P 500 shed about 0.7%, as did the Dow Jones, while the Nasdaq retreated by 0.6%. At the same time, in the US government bond market, yields are climbing: the two-year bond yield is rising by 2 points to 4.30%, and the ten-year bond yield advances by 4 points to 3.54%.

In terms of analysts’ recommendations and ratings, United Airlines Strengthens after Morgan Stanley upgraded the recommendation on the stock to “overweight” and said that 2023 could be a “golden” year for it. also Domino’s Pizza Climbs after a recommendation upgrade from BTIG from neutral to buy, where they noted that the company’s earnings should recover in 2023 due to higher menu item prices.

against them Starbucks Weakened, after Deutsche Bank downgraded the recommendation on the stock from buy to hold, saying that it will be more difficult for the stock to continue climbing after its recent outperformance. The hotel group Marriott International Drops by about 8% after lowering the recommendation on StockNews.com from buy to hold, and after Morgan Stanley started covering the stock under an “overweight” rating.

Chinese tech stocks surge after reports of the easing of corona restrictions in Beijing and Shenzhen. The Invesco Golden Dragon China ETF climbs more than 5%, and a double-digit rate increase is recorded in the Bilibili share, whileJ.D.com , in Ido , Pindoudo andAli Baba Increase by 3%-5% each.

14:52

Amdox announced the cancellation of the purchase of Mycom OSI, which it announced a few months ago. Amdocs planned to purchase the British company for $188 million in cash, but it updates that the two parties have reached an agreement to cancel the deal, following the lengthening of the process to obtain the regulator’s approval in the UK. No impact is expected on the company’s results.

14:08

In the European stock markets, the mixed trend continues, with the POTSI rising slightly, while the DAX and the KAC register slight declines. In the trading of contracts on the indices of the US stock exchanges, slight decreases are recorded.

stock Tesla Down 2% in early trading. in shares Dark And Amazon is registering slight increases.

company Siva reported today that it will supply the Taiwanese Novatek with a sensor processor for advanced security cameras.

In the commodity trading arena, increases of about 2.8% are recorded in oil contracts. Gold registers a decrease of about 0.1%.

● Why Bank of America recommends selling stocks on Wall Street

12:05

Macro Europe: The Purchasing Managers’ Index (PMI) for the services sector stood at 48.5 points in November, compared to an expected 48.6 points. In the UK, the purchasing managers’ index (PMI) for the services sector stood at 48.8 points, in line with analysts’ expectations.

Retail sales in the Eurozone registered a 1.8% decrease last month, compared to an expected decrease of 1.7%.

In the European stock markets, the mixed trend continues, with the POTSI rising slightly, while the DAX and the KAC register slight declines. In the trading of contracts on the indices of the US stock exchanges, slight decreases are recorded.

In the commodity trading arena, increases of about 1.8% are recorded in oil contracts.

10:20

The trading week in European stock markets opened with a mixed trend with a tendency to declines. In the trading of contracts on the indices of the US stock exchanges, slight decreases are recorded.

There are slight increases in oil contracts, and the price of a barrel of Brent oil climbs to $85.7, this after the countries of the OPEC Plus organization decided yesterday not to change their decision on cutting about 2 million barrels of oil from the daily output.

In US government bond trading, there are now increases in yields: the yield on the two-year government bond increases by 4 basis points to 4.32%, and the yield on the 10-year bond increases by 3 points to 3.53%, after completing An impressive downward move of 72 basis points since November 7th.

09:25

Turkey: The annual inflation rate was 84.39% in November, according to the Turkish Bureau of Statistics. This is a decrease from a level of 85.51% in the month of October.

In Hong Kong, the Hang Seng Index closed with a 4% increase, partly due to the easing of the Corona policy in China. Shanghai rose by about 1.8%, the Nikkei index in Tokyo recorded an increase of 0.15%, while the Kospi index in Seoul fell by about 0.6%.

07:50

Asian stock markets opened the global trading week with a mixed trend. In Hong Kong, the Hang Seng index jumps by about 3.4%, partly due to the easing of the corona policy in China, Shanghai rises by 1.55%, the Nikkei index in Tokyo is stable, while the Kospi index in Seoul falls by about 0.7%.

High-tech stocks and electric vehicles lead the gains in Hong Kong: Neo jumps by about 11%, Ali Baba By about 5%, Xiaomi by 7%, and Tencent increases by more than 5%.

In the trading of contracts on the indices of the US stock exchanges, slight decreases are recorded.

In US government bond trading, there are now increases in yields: the yield on the two-year government bond increases by 4 basis points to 4.32%, and the yield on the 10-year bond increases by 3 points to 3.53%, after completing An impressive downward move of 72 basis points since November 7th.

Increases of 0.8%-0.9% are recorded in oil contracts, and the price of a barrel of Brent oil climbs to $86.3, this after the countries of the OPEC Plus organization decided yesterday not to change their decision on cutting about 2 million barrels of oil from the daily output.

Yesterday, the European Union and the G7 countries agreed on a mechanism for setting a global ceiling price for Russian oil, which is supposed to harm the country’s revenue from energy exports, thereby harming its war efforts in Ukraine. The mechanism is accompanied by an embargo on the purchase of Russian oil in tankers (as opposed to oil delivered through pipelines) by the G7 countries (USA, Canada, France, Great Britain, Germany, Italy and Japan) and the European Union, and will come into effect today (Monday).

Still in the commodity market, gold continues to advance and climbs by 0.6% to a price of $1,821 per ounce.

In the global forex market, the dollar continues to lose ground. The euro strengthens by about 0.4% to the level of 1.058 dollars per euro, the pound strengthens by a similar rate and trades around 1.234 dollars per pound, and the Chinese yuan jumps by about 0.9% and trades around 6.95 yuan per dollar.

The crypto market is now showing a positive trend. Bitcoin is trading up more than 1% around $17,300, and Ethereum is climbing 1.5% to trade around $1,300.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!