#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 Hello, dear traders! Today is Thursday, February 8, 2024. Let's quickly delve into the key financial highlights of the day:
โ๏ธ Morgan Stanley has been fined for leaking information about blockchain trading to favored clients. This case highlights the complex interplay between privacy, market fairness, and legal boundaries in financial trading.
๐ The German court ruled, setting Intel (#INTEL) in patent mode by prefacing some chips with the R2 semiconductor overvoltage regulator. Intel shares fell 0.2%.
โก๏ธ Disney (#DISNEY) reported better-than-expected earnings, buoyed by cost cuts and theme park success, despite mixed results in streaming and media, and announced a bullish profit outlook and strategic investments. Shares rose 6.71%.
๐ฐ๐ช Kenya launched a $2 billion bond buyback and announced plans for a new bond sale to refinance debt as yields on existing Eurobonds fell significantly.
๐จ๐ณ China's passenger car sales fell 14.1% in January from the previous month, while sales of battery electric vehicles fell 37% amid ongoing price wars between automakers.
โจ Siemens (#SIE) beat first-quarter profit expectations thanks to solid performance from its Mobility and Smart Infrastructure divisions amid the global economic slowdown. Siemens shares rose 0.47%.
๐ฅ Microsoft (#MICROSOFT) has partnered with Indian startup Sarvam AI to develop voice-based generative artificial intelligence tools. Microsoft shares jumped 2.11% after the news.
๐ข Oil prices rose thanks to gains in global stocks and tensions in the Middle East. Brent crude approached $80, marking the longest winning streak since September amid geopolitical risks and OPEC+ supply cuts.
๐ฅ Gold prices remain between $2,000 and $2,050, awaiting further cues on interest rates amid robust US economic data and hawkish comments from the Federal Reserve.
That's it for today, guys! Click on โค๏ธif you liked our review, and see you soon!
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๐ข Oil prices rose thanks to gains in global stocks and tensions in the Middle East. Brent crude approached $80, marking the longest winning streak since September amid geopolitical risks and OPEC+ supply cuts.
That's it for today, guys! Click on โค๏ธif you liked our review, and see you soon!
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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
๐ Good morning, dear traders! How are you? Letโs discuss the most exciting news for the beginning of the week.
โ๏ธ Global stocks declined, with Chinese equities leading losses as New World Development Co. plunged by up to 14%. Traders focused on upcoming US payroll data that could influence a potential 25โor 50-basis-point Fed rate cut.
๐ช๐บ ECB policymakers are split on the impact of the downturn. Some are pushing for faster rate cuts due to rising recession risks, while others favor slower cuts to maintain the 2% inflation target by 2025.
๐ฌ๐ง UK wage growth surged to nearly 4% by July 2024, challenging the Bank of England's 5% rate hold and complicating government plans for 2.5% economic growth amid staff shortages.
๐ฏ๐ต Yen forecasters now predict a stronger yen, with targets below 140, as global rate differentials narrow and expectations rise for further BOJ tightening.
โซ๏ธ A Blackstone-led consortium is nearing a $13.5 billion deal to acquire Australian data center group AirTrunk.
๐ฅ Intel plans to propose a strategy at its mid-September board meeting to cut costs by selling non-core assets, including the $16.7 billion Altera unit, and possibly halting its $32 billion German factory expansion. #INTEL shares rose 9.49%.
๐ฅ The FDA authorized Novavax's updated COVID-19 vaccine targeting the JN.1 subvariant for emergency use in people 12+, enabling a fall rollout alongside Pfizer and Moderna's shots. #NVAX stock is up 8.60%.
๐ฅ Container shipping profits surged to $10.2 billion in Q2 2024 due to record volumes and higher rates, driven by supply chain disruptions and increased US demand.
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 Friday, dear traders! This week was intense, and we hope you enjoyed it! Let's look at our end-of-week news:
โ๏ธ The upcoming US jobs report is expected to show a hiring increase of 165,000 and a slight drop in the unemployment rate to 4.2%, which could influence the size of the Federal Reserve's next rate cut.
๐ฅ Gold remained steady above $2,500 per ounce, supported by expectations of a Federal Reserve rate cut and a weakening dollar. Further moves are likely dependent on upcoming economic data.
๐ช๐บ The European Central Bank is expected to continue quarterly rate cuts, including a 25 basis-point reduction next week, with the deposit rate likely staying at 2.5% through 2026 despite a weakening economy.
๐ฉ๐ช German industrial production fell by 2.4% in July, driven by a decline in car manufacturing, highlighting ongoing struggles in the country's economy, which contracted by 0.1% in the second quarter.โ
๐ข Saudi Arabia, Russia, and six other OPEC+ countries extended their voluntary oil production cuts of 2.2 million barrels per day until November 2024, reaffirming their commitment to compliance.
๐จ๐ณ China's central bank signaled potential room to lower the reserve requirement ratio, currently around 7%, but ruled out aggressive easing measures despite calls for more robust economic support.
๐ Intel is considering selling part of its 88% stake in Mobileye through the public market or a third-party sale as part of a broader strategy overhaul. #INTEL shares are down 0.15%.
๐ฏ๐ต Japan will allocate up to $2.4 billion to support domestic EV battery production, backing projects by Toyota, Nissan, and Panasonic to expand battery supply capacity.โโ
โ How was your trading week? Share your opinion in the comments.๐
โก๏ธ Start Trading with FBS
๐ฒ Check the FBS mobile app
@fbsanalytics
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#MarketNews
๐ค Happy Thursday, dear traders! Let's check the news moving the financial markets today:
โ๏ธ The ECB is expected to cut rates by 25bps to 3.5% but remains cautious about further actions amid sticky inflation and a weakening economy.
๐ฌ JPMorgan maintains its forecast for a 50bp Fed rate cut next week despite the CPI report and a weakening labor market, while JPM Asset Management favors a 25bp cut.
๐จ๐ณ China has urged its carmakers to keep key EV technology within the country, encouraging the export of knock-down kits for local assembly in foreign markets like India and Turkey.
๐ต Commerzbank is preparing a defense strategy against a potential takeover by UniCredit, which recently disclosed a 9% stake, and has hired Goldman Sachs as its defense adviser. #CBK stock is up 16.59%.
๐ฅ Intel faces difficult choices as its strategy to regain relevance nears its limit. The company has shrinking sales, a 60% stock drop, 15,000 job cuts. #INTEL shares up 3.48% today.
โฝ๏ธ European gas prices fell 1.9% as Ukraine's gas nominations signaled expected flows, easing supply concerns after a 2.4% price jump on Wednesday.
๐ก BlackRock and Partners Group are collaborating to offer retail investors access to private markets through a diversified portfolio, aiming to capitalize on the $1 trillion annual growth in private markets. Shares of #BLK fell 0.76%.
๐ฑ Despite internal discussions, Google kept its 20% ad exchange fee, as revealed in the US antitrust trial, accusing it of overcharging $36-$37 per $100 spent. #GOOGLE stock is up 1.68%.
That's it for today, guys! Click on๐ if you liked our review, and see you soon!
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โฝ๏ธ European gas prices fell 1.9% as Ukraine's gas nominations signaled expected flows, easing supply concerns after a 2.4% price jump on Wednesday.
That's it for today, guys! Click on
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#MarketNews
๐ Good morning, dear traders! How are you? Letโs discuss the most exciting news for the beginning of the week.
๐ฅ Gold prices surged to a record high of $2,589 per ounce amid growing bets on a Federal Reserve rate cut and reports of a second assassination attempt on Donald Trump.
โ๏ธ The Federal Reserve is expected to lower interest rates by at least 0.25% this week for the first time in over four years to achieve a soft landing for the US economy. Some investors anticipate a 0.50% cut.
๐ฌ๐ง Traders expect the Bank of England to accelerate rate cuts starting in November, with Goldman Sachs predicting a 0.25% reduction amid slowing growth and a ยฃ22 billion fiscal shortfall.
๐จ๐ณ China's deepening slowdown in August, with industrial output and investment falling short, has prompted growth forecasts of 4.6%-4.7%, below the 5% target.
๐ฏ๐ต The yen strengthened beyond 140 per dollar for the first time since 2023, rallying from a low of 161.95 in July. This quarter, the yen marked a 15% gain amid expectations of a narrowing US-Japan interest rate gap.
๐ข According to the US offshore energy regulator, nearly a fifth of crude oil and 28% of natural gas production in the US Gulf of Mexico remains offline after Hurricane Francine.
๐ Intel has secured a $3.5 billion federal grant to produce semiconductors for the Pentagon under the Secure Enclave program, supporting facilities in Arizona and other US states. #INTEL stock up 1.55%
๐ฉ More than 30,000 Boeing factory workers went on strike, halting production after rejecting a labor contract with 96% voting in favor of the walkout, marking the first strike since 2008. Shares of #BA fell 3.69%.
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.
That's it for today, guys! Click on
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#MarketNews
Guys, don't forget to put
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#MarketNews
If you are ready for a new trading session, put
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#MarketNews
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#MarketNews
๐จ๐ญ CHF Bank Holiday - All day;
๐ฉ๐ช EUR German Bank Holiday - All day;
๐ฎ๐น EUR Italian Bank Holiday - All day;
๐ฌ๐ง GBP Bank Holiday - All day;
๐จ๐ฆ CAD Bank Holiday - All day;
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#MarketNews
๐ช๐บ German Flash Manufacturing PMI โ 11:30 GMT+3
๐ช๐บ German Flash Services PMI โ 11:30 GMT+3
๐ฌ๐ง Flash Manufacturing PMI โ 12:30 GMT+3
๐ฌ๐ง Flash Services PMI โ 12:30 GMT+3
๐บ๐ธ Flash Manufacturing PMI โ 17:45 GMT+3
๐บ๐ธ Flash Services PMI โ 17:45 GMT+3
Useful insight? Hit
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