#MarketNews
โ๏ธ Happy Friday, dear traders! This week was intense, and we hope you enjoyed it! Let's take a look at our end-of-week news:
โ๏ธ Amazon (#AMAZON) beat forecasts with a 14% increase in fourth-quarter revenue, driven by sales in its retail and Amazon Web Services sectors. Meta (#FACEBOOK) shares rose 14% as the company reported a threefold increase in earnings, announced its first-ever dividend and recorded a 25% increase in sales.
๐ After a two-day sell-off, US stocks are recovering from reports from technology companies. The S&P500 hit an all-time high again after good reports from #AMAZON and #FACEBOOK.
โข๏ธ Meta will deploy its artificial intelligence control chips this year. This will help reduce Meta's dependence on Nvidia chips, which dominate the market and control rising costs.
๐ฃ Nvidia CEO Jensen Huang predicts that demand for the company's products will grow as countries seek to build their artificial intelligence infrastructure. Nvidia shares (#NVIDIA) are already up 26.14% since the beginning of the year.
๐ Apple's revenue (#APPLE) in China fell 13% last quarter, its worst decline since 2018, amid problems from local rival Huawei and government restrictions, overshadowing its first overall sales growth in a year.
๐ The upcoming US jobs report is expected to show a slowdown in hiring in 2023. January's government and healthcare sector employment figures could influence Federal Reserve decisions.
๐ Intel (#INTEL) shares fell after reports emerged of a delay in opening a $20 billion chip plant in Ohio. Shares fell 3.1 percent in late trading Thursday. Even before the drop, they were down 14% this year.
๐ข Oil prices have risen slightly but continue to fall during the week, influenced by discussion of a possible ceasefire between Israel and Hamas, a recovery in US manufacturing, and economic concerns in China.
โ How was your trading week? Share your opinion in the comments๐
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๐ Apple's revenue (#APPLE) in China fell 13% last quarter, its worst decline since 2018, amid problems from local rival Huawei and government restrictions, overshadowing its first overall sales growth in a year.
๐ข Oil prices have risen slightly but continue to fall during the week, influenced by discussion of a possible ceasefire between Israel and Hamas, a recovery in US manufacturing, and economic concerns in China.
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#MarketNews
๐ Good morning, dear traders! This Monday let's take a close look at today's key news and analyze the upcoming significant events.
๐ Economic calendar
The time zone is GMT+2. Check your time zone here: https://www.timeanddate.com/time/map/
Monday
1๏ธโฃ USD 19:00, FOMC Member Barkin Speaks
2๏ธโฃ GBP 20:00, BOE Gov Bailey Speaks
Tuesday
1๏ธโฃ NZD 4:00, Inflation Expectations q/q
2๏ธโฃ GBP 9:00, Claimant Count Change
3๏ธโฃ CHF 9:30, CPI m/m
4๏ธโฃ USD 15:30, Core CPI m/m
5๏ธโฃ USD 15:30, CPI y/y
Wednesday
1๏ธโฃ GBP 9:00, CPI y/y
2๏ธโฃ GBP 17:00, BOE Gov Bailey Speaks
Thursday
1๏ธโฃ AUD 2:30, Employment Change
2๏ธโฃ AUD 2:30, Unemployment Rate
3๏ธโฃ GBP 9:00, GDP m/m
4๏ธโฃ USD 15:30, Core Retail Sales m/m
5๏ธโฃ USD 15:30, Empire State Manufacturing Index
6๏ธโฃ USD 15:30, Unemployment Claims
Friday
1๏ธโฃ GBP 9:00, Retail Sales m/m
2๏ธโฃ USD 15:30, Core PPI m/m
3๏ธโฃ USD 15:30, PPI m/m
4๏ธโฃ USD 17:00, Prelim UoM Consumer Sentiment
๐ฐ News to keep you updated:
๐ The S&P 500 has closed up 14 of the last 15 weeks, which last happened in 1972. The index has rallied more than 22% in the previous 15 weeks on the back of the Fed reversal.
๐จ๐ณ Chinese New Year celebrations have historically boosted demand for gold, as the metal has always been considered a symbol of good luck in China and is usually purchased as a gift, especially in the Year of the Dragon.
๐ฌ Jeff Bezos sold $2 billion worth of Amazon (#AMAZON) stock last week, his first sale in over two years. Amazon shares are up 2.71%.
๐ The Reserve Bank of New Zealand maintains a restrictive monetary policy due to persistently high inflation, with the official cash rate at 5.5% to slow inflation towards its 2% target.
โก๏ธ Google (#GOOGLE) commits 25 million euros to enhance AI skills across Europe, supporting social enterprises and nonprofits and expanding its free AI training courses to 18 languages. The stock is up 2.04%.
That's it for today, guys! Click on โค๏ธif you liked our review, and see you soon!
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The time zone is GMT+2. Check your time zone here: https://www.timeanddate.com/time/map/
Monday
Tuesday
Wednesday
Thursday
Friday
That's it for today, guys! Click on โค๏ธif you liked our review, and see you soon!
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#MarketNews
โ๏ธ Happy Wednesday, dear traders! Let's check the news moving the financial markets today:
โ๏ธ Investors see a Fed rate cut in May less likely amid strong US inflation figures.
๐ฌ๐ง The looming election and fiscal concerns are spotlighting Britain's challenged markets, stirring debates among investors over the undervaluation amid potential government changes and anticipated interest rate cuts.
๐ Nvidia (#NVIDIA) is more expensive than Amazon for the first time since 2002. The company became America's fourth most valuable and fifth most valuable globally. Nvidia shares rose 0.49%.
๐ค Jeff Bezos sold $4 billion worth of Amazon (#AMAZON) shares over the past week, following his intention to sell up to 50 million shares over the year, similar to the active sales of 2021.
๐ Asian stocks fell due to the US CPI shock, with the Nikkei retreating from a 34-year high. Most Asian stocks fell following an overnight decline on Wall Street after disappointing US inflation data reignited fears of higher interest rates for longer.
๐ Sony's (#SONY) Q3 profit surged 10% to 463.3 billion yen, outperforming estimates with financial solid, movies, and music sectors, and plans to list its financial business in 2025. The share price rose 0.15% today.
๐ขOil prices dipped following reports of a substantial increase in US crude inventories and elevated inflation figures. However, due to refinery maintenance, the decline mitigated geopolitical tensions and tight US fuel supplies.
๐ฅ Gold prices fell below the $2,000 mark after the Consumer Price Index report for January raised concerns about the Federal Reserve's prolonged high-interest rate environment.
That's it for today, guys! Click on โค๏ธif you liked our review, and see you soon!
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๐ขOil prices dipped following reports of a substantial increase in US crude inventories and elevated inflation figures. However, due to refinery maintenance, the decline mitigated geopolitical tensions and tight US fuel supplies.
That's it for today, guys! Click on โค๏ธif you liked our review, and see you soon!
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#MarketNews
โ๏ธ Happy Friday, dear traders! This week was intense, and we hope you enjoyed it! Let's take a look at our end-of-week news!
๐ SpaceX has launched a rocket carrying a US firm's spacecraft to land on the moon. The landing is expected to take place on February 22. A US spacecraft has yet to land in integrity on the moon since 1972.
๐ฌ๐ง Britain entered a mild recession in the second half of 2023, failing to fulfill Prime Minister Rishi Sunak's promises of economic growth, with GDP contracting more sharply than expected.
๐บ๐ธ Many US banks significantly increased their commercial real estate loan portfolios, crossing the threshold of increased regulatory scrutiny due to potential risks.
๐ข Oil prices have risen significantly amid surging stock markets and OPEC+'s commitment to increase supply despite the International Energy Agency's gloomy demand outlook.
๐ค Jeff Bezos recently sold about $2.03 million worth of Amazon (#AMAZON) shares, marking the third significant sale of Amazon stock this month, with total sales exceeding $6 billion. The stock price is down 0.69%.
๐ Elon Musk has more than doubled his stake in Tesla (#TESLA), now owning a 20.5% stake in the company, valued at more than $120 billion. Tesla shares have gained 6.22% recently.
๐ Nike (#NIKE) announced it will cut about 2% of its workforce, equivalent to more than 1,600 jobs, as part of a cost-cutting initiative amid worsening profit forecasts.
๐ฅ Gold prices broke through the $2,000 an ounce mark after weak US retail sales data, but many experts believe the metal is poised for its worst weekly losses since early December.
โ How was your trading week? Share your opinion in the comments๐
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๐ข Oil prices have risen significantly amid surging stock markets and OPEC+'s commitment to increase supply despite the International Energy Agency's gloomy demand outlook.
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#MarketNews
๐ Hello, dear traders! Today is Wednesday, April 4, 2024. It is time to explore what is happening in today's financial world:
โ๏ธ Fed Chair Jerome Powell indicated the Federal Reserve will delay interest rate cuts until there's more explicit evidence of sustained lower inflation, despite a recent uptick in prices.
๐ช๐บ The ECB is set to potentially diverge from the Fed's policy by cutting interest rates, highlighting the challenges of maintaining autonomy in a globally interconnected economy.
๐ฏ๐ต Despite Japan's first interest rate hike in 17 years, the yen remains weak due to significantly lower interest rates than the rest of the world, making it unattractive for investors and limiting its recovery.
โก๏ธ Gold prices reached a new record above $2,300 an ounce, driven by expectations of Federal Reserve interest rate cuts and sustained central bank demand.
๐ Intel reported a $7 billion operating loss for its chip-making unit in 2023, reflecting deepening challenges as it works to regain its technological edge. Intel (#INTEL) shares plunged 8.22%.
โญ๏ธ The reawakening of the IPO market after a two-year dormancy, exemplified by successful debuts from companies like Reddit, Astera Labs, and Arm Holdings, signals a healthier, risk-on stock market environment.
๐ช Amazon's cloud computing division, AWS, is reducing its workforce in the store technology and sales and marketing departments. Amazon (#AMAZON) shares are up 0.95%.
๐ข Oil prices approached a five-month high as OPEC+ confirmed it would extend production cuts through the end of June amid signs of strong global demand and tightening supply.
That's it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
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๐ข Oil prices approached a five-month high as OPEC+ confirmed it would extend production cuts through the end of June amid signs of strong global demand and tightening supply.
That's it for today, guys! Click on
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#MarketNews
โ๏ธ Happy Wednesday, dear traders! Today, May 1, we're bringing you the day's most thrilling news highlights:
โ๏ธ Risks of rising emerging market rates are increasing as previous bets on rate cuts change, and countries from Turkey to South Africa may have to tighten monetary policy.
๐ Amazon's sales are growing as the company focuses on AI, and the CEO stated that AI capabilities are accelerating the growth of its cloud business. Amazon (#AMAZON) shares are down 3.29%.
๐ Wall Street faced a turbulent April close, with rising labor costs and falling consumer confidence fueling fears of prolonged high Federal Reserve interest rates.
๐ฏ๐ต Changes in the Bank of Japan's accounts suggest a ยฅ5.5 trillion intervention on Monday to support the yen, marking Japan's first suspected market entry since 2022.
๐ธ๐ฆ Saudi Arabia's economic contraction eased to 1.8% in Q1 2024, improving from a 4.3% decline as oil production cuts were less severe.
๐จ๐ณ China's factory activity continued to expand in April, marking a second consecutive month of growth and signaling a sustained economic recovery.
๐ Tesla has drastically reduced its Supercharger team, potentially slowing the expansion of its charging network that major automakers rely on, amidst broader company layoffs. Tesla (#TESLA) stock is down 5.49%.
โก๏ธ Gold prices dipped below $2,300 as expectations of a hawkish Federal Reserve stance increased, reducing the metal's appeal amid declining haven demand.
That's it for today, guys! Click on๐ฅ if you liked our review, and see you soon!
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That's it for today, guys! Click on
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#MarketNews
โ๏ธ Happy Wednesday, dear traders! Letโs discuss the most exciting news for the beginning of the week:
๐ JPMorgan suggests the US corporate default rate is less worrying for investors, with distressed debt exchanges indicating an actual default rate of around 3%.
๐ฉ๐ช German industrial production fell 0.4% in March, marking the first decrease this year but performing better than economists' expectations of a 0.7% drop.
๐จ๐ณ The Economist: Chinese electric vehicle makers rapidly outperform Western competitors by launching new models at half the cost. However, a fierce price war in China threatens to curb this growth.
๐ Apple unveiled updated iPad Pro and iPad Air models with advanced chips and features. They are available for preorder now and will go on sale next week. Apple (#APPLE) shares are up 0.38% today.
๐ BMW's earnings declined in the first quarter due to higher manufacturing costs, although the company saw a 28% increase in EV sales and confirmed its full-year guidance. BMW (#BMW) stock is down 3.26% today.
๐ข Oil prices fell near their lowest level since mid-March, influenced by a mild increase in US stockpiles and ongoing tensions in the Middle East.
๐ BP has toned down its 2030 oil output reduction target to reassure investors about its profitability and energy transition strategy. BP (#BP) shares are down 3.79% today.
๐ฅ Amazon (#AMAZON) breaks into the European 5G market by moving one million Telefonica Germany customers to its AWS cloud platform. Amazon shares are up slightly by 0.03%.
That's it for today, guys! Click on๐ if you liked our review, and see you soon!
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๐ Apple unveiled updated iPad Pro and iPad Air models with advanced chips and features. They are available for preorder now and will go on sale next week. Apple (#APPLE) shares are up 0.38% today.
๐ข Oil prices fell near their lowest level since mid-March, influenced by a mild increase in US stockpiles and ongoing tensions in the Middle East.
That's it for today, guys! Click on
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#MarketNews
โ๏ธ Happy Friday, dear traders! This week was intense, and we hope you enjoyed it! Let's take a look at our end-of-week news!
โ๏ธ Wall Street's $5.5 trillion triple-witching event on Friday, involving the expiration of options tied to indexes, stocks, and ETFs, is expected to test market stability and potentially increase volatility.
๐ฏ๐ต Japan's services activity contracted in June for the first time in nearly two years, with the services index dropping to 49.8 from 53.8 due to higher input costs.
๐จ๐ฆ Canada is preparing potential tariffs on Chinese electric vehicles to align with the US and EU, addressing concerns over China's overcapacity and its impact on local industries.
๐จ๐ณ The People's Bank of China managed the yuan's decline by setting a stronger-than-expected daily reference rate as the currency fell to its lowest since November.
๐ฉ๐ช German Vice Chancellor Robert Habeck heads to Beijing for talks with Chinese leaders, focusing on avoiding trade tensions over proposed EU tariffs of up to 48% on Chinese electric vehicles.
๐ McDonald's launches a $5 value meal to attract budget-conscious consumers amid a 40% price increase since 2019, aiming to stay competitive in the fast-food market. McDonalds (#MCDONALDS) shares are up 1.20%.
๐ฌ Amazon is close to finalizing a deal with Banco Santander to offer European consumer financing options, starting in Germany. Shares of Amazon (#AMAZON) are up 1.80%.
๐ Nvidiaโs shares, up over 1,000% since October 2022 and valued at $3.2 trillion, leave investors debating whether to cash in or buy more amid soaring AI-driven growth. Nvidia (#NVIDIA) stock is down 3.54% today.
โ How was your trading week? Share your opinion in the comments!
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#MarketNews
๐ค Happy Thursday, dear traders! Let's check the news moving the financial markets today:
๐ข The global oil outlook faces challenges as China's demand softens. State refineries increased processing by 1.3% in July, and Saudi crude purchases dropped by 4 million barrels.
๐จ๐ณ Chinese electric vehicles maintained a 19% share of Europe's EV market despite a regional demand drop and looming tariffs.
๐ Tesla (#TESLA) stock surged over 6%, extending a rally sparked by better-than-expected delivery data, boosting confidence in the company's outlook and CEO Elon Musk.
๐จ๐ญ Swiss inflation unexpectedly slowed to 1.3% in June, down from 1.4% in May, due to declining goods costs, easing concerns for the Swiss National Bank.
๐ซ๐ท France's final bond sale before the election aims to raise to โฌ10.5 billion, testing investor sentiment amid market volatility
๐ฐ Bitcoin slid close to levels last seen in February due to US political uncertainty and the potential sale of Bitcoins linked to the failed Mt. Gox exchange.
๐ Jeff Bezos plans to sell $5 billion worth of Amazon shares after the stock reached a record high, adding to the $8.5 billion he sold earlier this year, totaling $13.5 billion in sales for 2024. Amazon (#AMAZON) shares fell 1.21%.
โ๏ธ Lufthansa is considering increasing its stake in Italy's ITA Airways to 90% by early 2025. Lufthansa (#LHA) stock is down 0.27%.
๐ข The global oil outlook faces challenges as China's demand softens. State refineries increased processing by 1.3% in July, and Saudi crude purchases dropped by 4 million barrels.
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#MarketNews
๐ค Happy Thursday, dear traders! Let's check the news moving the financial markets today:
๐ #NVIDIA stock dropped to 8.4% after disappointing forecasts and production issues with its Blackwell chips. This was despite Q2 revenue of $30 billion, surpassing analyst estimates of $28.9 billion.
๐จ๐ณ China's 5% growth target is increasingly doubtful as UBS, JPMorgan, and Nomura cut their GDP forecasts below 5%, citing a property slump and weakened consumer spending.
๐ European car sales stagnated in July as electric vehicle demand plummeted 37% in Germany, the region's largest market. This contributed to just a 0.4% overall increase in new-car registrations.
๐ฐ Berkshire Hathaway became the first US company outside the tech sector to surpass $1 trillion in market value, with its shares rising 30% in 2024, outpacing the S&P 500's 17% gain.
๐ข Oil prices increased, with Brent rising to $78.80 a barrel, as concerns over Libyan supply disruptions, which could affect up to 1 million barrels per day, offset a smaller-than-expected US crude inventory draw of 846,000 barrels.
๐ณ๐ฟ New Zealand business confidence surged to a 10-year high in August, boosting the Kiwi dollar, as the central bank's rate cuts fueled optimism.
๐ Amazon has secured approval to purchase land in New Zealand for its Project Kuiper, which aims to deliver the Internet via a constellation of over 3,000 low-earth orbit satellites. #AMAZON shares are down 1.34%.
๐ According to a Nikkei report, Apple has ordered components for over 10% more iPhones than last year, betting on AI-driven sales growth ahead of the iPhone 16 launch. #APPLE stock is down 0.68%.
That's it for today, guys! Click on๐ if you liked our review, and see you soon!
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๐ข Oil prices increased, with Brent rising to $78.80 a barrel, as concerns over Libyan supply disruptions, which could affect up to 1 million barrels per day, offset a smaller-than-expected US crude inventory draw of 846,000 barrels.
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Amazon's stellar Q3, with revenue up 11% to $158.9B, highlights strength in e-commerce, as CEO Jassy signals massive returns from an 81% capex surge on generative AI. AWS, meanwhile, powers Binance's user experience upgrades with AI-driven efficiency gains in blockchain.
#Forecast
Press
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#MarketNews
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#MarketNews
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๐ Amazon has paused its drone delivery services in Texas and Arizona after two MK30 drones crashed during test flights in rainy conditions, citing the need for software updates to enhance safety. Amazon's stock (#AMAZON) is trading at $225.94.
#MarketNews
๐บ๐ธ Bank Holiday - All day
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Shares of #AMAZON formed a rising wedge pattern after the ATH update and broke the trendline. Parabolic SAR indicates the beginning of the decline and DeMarker confirms it. This is a good opportunity at 1600 points!
#TradeIdea
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#MarketNews
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#MarketNews
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