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

15:07

In futures trading on Wall Street indices, increases of 0.5%-0.1% are recorded.

stock Neo Falling about 6% in early New York trading after the Chinese automaker cut its fourth-quarter sales forecast.

14:10

In US government bond trading, the trend is negative, so yields are rising. The yield on the 10-year bond is up 4 basis points around 3.78%, and the yield on the two-year bond is up 2 basis points to 4.35%.

In Europe, the positive trend continues, with the main stock indices, the DAX and the CAC, increasing by up to 1%.

In futures trading on Wall Street indices, increases of 0.5%-0.7% are recorded.

Stocks are up in early trading in New York Netflix meta, Microsoft andDark . Tesla on the other hand, continues to lose height and drops another 4.5% amid reports that the company’s factory in Shanghai was shut down from December 24 until the beginning of 2023, and it is expected to operate partially in January as well.

12:20

The main stock indices in Europe, the DAX and the CAC, rise by 0.9%-0.6%. There is no trading in London even today.

In futures trading on Wall Street indices, increases of 0.5%-0.7% are recorded.

In the commodity trading arena, oil contracts went up by about 0.8%, and gold recorded an increase of about 0.7%.

Leumi economists note that “the global oil supply is expected to decrease in the first half of 2023, due to a cut in OPEC+ production quotas along with the expected decrease in Russia’s oil output, despite the expectation of a certain increase in US oil output. As a result, the excess supply in the oil market is expected to decrease, this also against the background of the decrease in demand as a result of the economic slowdown. The process of releasing crude oil from the US strategic reserve is scheduled to end soon, and the US even announced the replenishment of the stock, after the price dropped to close to $70 per barrel (WTI), which creates a ‘price floor’. Also, the recent weakening of the dollar is expected to contribute to the increase in the price of oil.”

10:20

A shortened trading week in European stock markets opened with a positive trend. The main stock indices, the DAX and the CAC, rise by 0.8%-1.1%. There is no trading in London even today.

In futures trading on Wall Street indices, increases of 0.5%-0.8% are recorded.

In the commodity trading arena, oil contracts went down slightly, and gold registered an increase of about 0.5%.

In Asia, trading closed with an increase of about 0.2% in the Nikkei index and 1% in the Shanghai Stock Exchange.

07:55

Asian stock markets are trading in a positive trend. The Nikkei index in Tokyo rises by about 0.3%, Shanghai climbs by about 0.8%, and the Kospi index in Seoul advances by about 0.3%. In Australia, New Zealand and Hong Kong the stock exchanges are still closed for the Christmas holiday.

Traders and investors in the European (except London) and US stock exchanges will return to activity today after the Christmas break. Futures trading on Wall Street indices are now recording increases of 0.5%-0.8%.

In the commodity trading arena, oil contracts continue to climb, after rising sharply last week. The contract for American oil for February climbs by 0.8% to a price of 80.2 dollars per barrel, after an increase of 6.7% last week (yesterday there was no trading); And the Brent crude oil contract is climbing at a similar rate to nearly $85 a barrel, after rising 6.3% last week.

Gold is trading at this time with a slight increase around $1,812 per ounce.

In the currency trading arena, the dollar weakened by 0.1% against the euro and about 0.3% against the pound and traded around $1.065 per euro and $1.21 per pound. The Japanese yen and the Chinese yuan are trading stable.

The crypto market is also stable: Bitcoin trades around $16.8 thousand, and Ethereum around $1,220.

No material macro data is expected to be published today. In Japan it was announced that construction starts registered a decrease of 1.4% in the last month, compared to an expected increase of 1.3%. The consumer price index (core) recorded an increase of 2.9% in the last 12 months, compared to an expected increase of 2.8%.

In the US, the Case Shiller house price index will be published today.

On Wednesday, the industrial production data in Japan, data on home sales in the US, as well as macro data in Russia, including the unemployment rate, retail sales and industrial production, will be published. On Thursday, import and export data in Hong Kong, weekly unemployment data in the US, and crude oil inventory data will be published. On Friday, the consumer price index in Spain will be published.