#MarketNews
๐ค Happy Thursday, dear traders! Let's check the news moving the financial markets today:
โก๏ธ Investors brace for more turmoil as the summer market rout, driven by a 25% unwinding of yen carry trades and US recession fears, threatens further volatility ahead of Powell's Jackson Hole speech and Nvidia's earnings.
๐จ๐ณ China's factory output grew by 5.1% in July, down from 5.3% in June, while retail sales rose by 2.7%, up from 2.0%, signaling a mixed economic recovery.
๐ช๐บ The Eurozone's GDP grew by 0.3% in the second quarter of 2024 compared to the previous three months, while unemployment rose by 0.2% during the same period.
๐ฌ๐ง The UK economy grew by 0.6% in the second quarter of 2024, following a 0.7% increase in the first quarter, with solid contributions from the services sector and government spending.
๐ฏ๐ต Japan's economy rebounded strongly in the second quarter with a 3.1% annualized GDP growth, driven by a 1.0% rise in private consumption, reinforcing the case for further interest rate hikes.
๐ค Apple is developing a robotic tabletop home device with a rotating screen, aiming to boost revenue by expanding into smart home products, with a potential launch as early as 2026. #APPLE stock is trading at 221.72.
๐ช Cisco is cutting 7% of its workforce while reporting earnings of 87 cents per share and $13.64 billion in revenue, beating expectations despite a third consecutive quarter of declining sales. Shares of #CISCO rose 0.15%.
๐ฒ Marathon Digital completed a $300 million offering of 2.125% convertible notes due 2031 and used $249 million to purchase 4,144 Bitcoin. #MARA stock is down 2.26% today.
That's it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
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#MarketNews
โ๏ธ Happy Tuesday, dear traders! Letโs discuss the most exciting news for the beginning of the week:
๐ฅ Gold prices remain above $2,500 per ounce due to safe-haven solid demand amid geopolitical tensions in the Middle East and growing expectations of a Federal Reserve interest rate cut in September.
๐ฉ๐ช Germany's economy contracted by 0.1% in the second quarter of 2024, driven by a 2.2% decline in capital investment and a 0.2% drop in private consumption.
โฝ๏ธ Despite brimming stockpiles and declining demand, European natural gas prices remain high due to fears that a colder winter or disruptions in Russian supply could make current reserves insufficient. XNGUSD trades at 2.189.
๐ข Exxon Mobil predicts that global oil demand will remain above 100 million barrels daily through 2050, challenging efforts to achieve net zero emissions by mid-century.
๐ Apple will unveil the iPhone 16 and other new devices on September 9, 2024, at its headquarters in Cupertino, California. #APPLE stock trades at 227.18.
๐บ๐ธ Trump's push for "Made in USA" Bitcoin mining equipment threatens China's dominance over 90% of the global market for Bitcoin mining rigs.
๐ PDD's $55 billion stock crash, triggered by a 29% plunge after a disappointing sales outlook, highlights growing concerns about China's slowing economic growth. #PDD stock is down 28.51%.
โ๏ธ Boeing estimates that China will need 8,830 new planes over the next 20 years, up from last year's forecast of 8,560. #BA stock is trading for 173.48.
That's it for today, guys! Click on๐ if you liked our review, and see you soon!
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โฝ๏ธ Despite brimming stockpiles and declining demand, European natural gas prices remain high due to fears that a colder winter or disruptions in Russian supply could make current reserves insufficient. XNGUSD trades at 2.189.
๐ข Exxon Mobil predicts that global oil demand will remain above 100 million barrels daily through 2050, challenging efforts to achieve net zero emissions by mid-century.
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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%.
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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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#MarketNews
โ๏ธ Happy Tuesday, dear traders! Let's check the news moving the financial markets today:
โก๏ธ Morgan Stanley predicts the euro will fall 7% to near parity with the dollar by year-end as the European Central Bank accelerates rate cuts to combat economic weakness.
๐จ๐ณ China's $6.5 trillion stock market rout worsens Xi Jinping's economic challenges as declining equities and deflation erode confidence.
๐ Apple launched the iPhone 16, banking on future AI features to boost demand and sustain its flagship product, which generates about 50% of its annual revenue. #APPLE stock is up slightly by 0.04%.
๐ฅ Top oil traders are facing diminished profits as market volatility, fueled by events like COVID-19 and the Russia-Ukraine war, subsides. Oil prices are on track for their narrowest range since 2004.
๐ Despite a slight slowdown from July's growth rate, TSMC's August revenue surged 33%, driven by strong demand for AI chips. #TSM stock is up 3.80%.
๐ฏ Platinum is set for a record deficit of over 1 million ounces in 2024, yet prices have been slow to recover despite rising demand from ETFs and China.
๐ #ORACLE shares surged 9% after the company reported better-than-expected profits and a 21% rise in cloud revenue, driven by growing AI demand and a new cloud agreement with Amazon Web Services.
๐ #ALIBABA (+0.32%) shares outperform the broader Hong Kong Tech Index after securing a primary listing in Hong Kong, which could attract billions of dollars from Chinese investors.
That's it for today, guys! Click on๐ if you liked our review, and see you soon!
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#MarketNews
โ๏ธ Happy Wednesday, dear traders! Today, September 18, we're bringing you the day's most thrilling news highlights:
โ๏ธ The Federal Reserve is expected to announce a rate cut today, likely 25 or 50 basis points, bringing rates to 5%-5.25%, with markets pricing in over 1% in total cuts by the end of the year.
๐ฏ๐ต Japan's export growth slowed to 5.6% in August, with a 0.7% decline in shipments to the US, marking the first drop in nearly three years. This was driven by a 9.9% fall in auto exports.
๐ข Brent crude oil rose 2.1% to $74.28 per barrel, supported by Libyan production disruptions and US hurricane season risks.
๐ The US500 climbed 0.66% to reach a new all-time high of 5670 points. At the same time, the US30 also hit a new high of 41,835 points amid an upcoming Federal Reserve rate decision.
โ๏ธ #INTEL is cutting costs and restructuring, halting factory projects in Germany and Poland, and pausing Malaysian production. However, shares rose by over 6% after receiving a $3.5 billion federal grant.
๐ Apple is in early talks with JPMorgan to take over its credit card program from Goldman Sachs, including negotiations over the $17 billion loan portfolio. #APPLE shares rise 0.22%
๐ฑ Facebook is facing a significant EU antitrust fine for allegedly using its Marketplace to dominate the classified ads market, with a decision expected as early as next month. Shares of #FACEBOOK were up 0.57%.
โ๏ธ Boeing and its 30,000-strong union will resume talks Wednesday after a strike halted production. The union seeks a 40% raise versus Boeing's 25% offer. #BA stock is up 0.54%.
That's it for today, guys! Click on๐ if you liked our review, and see you soon!
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๐ข Brent crude oil rose 2.1% to $74.28 per barrel, supported by Libyan production disruptions and US hurricane season risks.
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FBS Analytics
#TradeIdea ๐ ๐ผ โซ โฌ๏ธ Nvidia Alert! In the Daily timeframe, #NVIDIA reached the trend line after the correction, and on the Alligator, the lips crossed the jaw. The up-trend line on RSI has been broken, making growth possible. ๐ผ Trade: Buy NVIDIA on a breakoutโฆ
#Forecast
Click
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#TradeIdea
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#MarketNews
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#MarketNews
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๐จ๐ญ SNB Chairman Schlegel Speaks โ 11:00 GMT
๐จ๐ฆ Core Retail Sales m/m -0.1% (Forecast: 0.2%) โ 15:30 GMT
๐จ๐ฆ Retail Sales m/m -0.4% (Forecast: -0.6%) โ 15:30 GMT
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โฝ๏ธ Europeโs gas market volatility fell to its lowest since 2021 on ample LNG supply and weak Chinese demand, even as Dutch futures edged up 1.2% to โฌ34.73/MWh.
#MarketNews
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#MarketNews
๐บ๐ธ ISM Services PMI โ 17:00 GMT+3
๐บ๐ธ JOLTS Job Openings โ 17:00 GMT+3
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