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

18:45

Trading in European stock markets closed in gains, which strengthened slightly after the green opening on Wall Street. The German DAX rose by 0.6%, the British Potsey advanced by 0.8% and the French CAC rose by 1.1%. The Eurostox 50 and the Dutch AEX also recorded increases of more than 1%. In Portugal, on the other hand, the PSI index decreased by 0.9%.

stock Cape It jumped 12.3% in London after it was announced that Teddy Sagi, the controlling owner, offered to purchase the remaining holdings in the company in exchange for 700 million dollars, make it private and delist it from trading in London. Today Sagi owns 54.8% of Cape, which deals in the field of cyber security, and he offers to purchase the remaining shares at a value of 1.25 billion pounds to Cape. The offer is in dollars: 3.44 dollars, which is 2.85 pounds, for each Cape share – a premium of 9.7% on the share price before the report.

Meanwhile, the positive trend continues in New York, with the Nasdaq already jumping by 1.2%, with the gains led by Microsoft which climbs by about 4%. The Dow Jones is up 0.8% and the S&P 500 is also climbing at a similar rate.

17:40

About an hour before the opening of trading in New York and the increases are getting stronger: the Nasdaq jumps by 0.8% and the Dow Jones also increases by a similar rate, the S&P 500 increases by 0.6%.

stock Microsoft Stands out with an increase of 3.5% and meta climbs by 2.5%. also Amazon and,Dark and the shares of the chips AMD and,Nvidia record moderate increases, while,Tesla loses 2.3% and,Alphabetical (Google) About half a percent.

Chinese technology stocks are also attracting investors’ interest, partly after they announced in the last two weeks that they are joining the artificial intelligence race with their own AI chat. in Ido Jumps by 6.5%, too Ali Baba climbing

Among the Israelis stand out Pagaia and Monday with increases in double-digit rates, while,Zim was cut to nearly 6% and,Cybervan Loses about 5% of its value.

16:31

The trading week on Wall Street opened with slight gains. The Dow Jones is up 0.1%, the S&P 500 is up about 0.2% and the Nasdaq is up 0.3%.

Meta is climbing about 1.8% after the Financial Times reported that the company is planning a new round of layoffs, after 11,000 workers were laid off in November. The company’s stock price has jumped more than 44% so far this year. Other notable increases are recorded by the Israeli Manday, which published reports, you discovered , Wix and,Klatura .

The financial services company Fidelity Drops by 14% after the reports. The company reported a slight decrease in profits and revenues, and its forecast did not meet analysts’ expectations. The company expects in the first quarter an adjusted profit of 1.17-1.23 dollars per share, when the market expectation was 1.42 dollars. According to her, the revenues are expected to be in the range of 3.38 to 3.43 billion dollars, when analysts estimated that they would reach 3.57 billion dollars.

14:50

monday published its results for the fourth quarter and fiscal year 2022. Revenues for the entire year reached 519 million dollars, an increase of 68% compared to the corresponding period last year. The number of customers with an ARR greater than $50,000 increased by 86% year over year. Non-GAAP operating loss was $47.1 million, compared to a loss of $52.6 million in fiscal year 2021 (73 cents per share compared to $1.33 per share the previous year).

In the fourth quarter alone, revenues stood at $149.9 million, an increase of 57% compared to the same period last year. The company recorded non-GAAP diluted earnings per share of $0.44, compared to a loss of $0.26 per share in the fourth quarter of 2021.

Check Point rises by 1% in early trading after the publication of the reports (see previous updates), Monday jumps by 11%.

13:45

Trading in European stock markets continues to take place on the rise – the DAX index rises by 0.3% and so does the British POTSI, in Paris the CAC rises by 0.6% and the Eurostox 50 as a whole climbs at a similar rate. In Vienna and Lisbon slight decreases are recorded contrary to the trend.

On Wall Street, the Dow Jones and S&P 500 contracts are stable, while the Nasdaq contracts rise by 0.4%. In the government bond market, there are also only slight fluctuations – the 10-year bond yield drops a point to 3.73%, while the yield The two-year bond increases by 2 points to 4.53%.

In the crypto market the trend is negative. Bitcoin retreated by 1.2% to $21.6 thousand and Ethereum fell by 3% to $1,488.

12:05

The cyber security company Check Point Ended the year 2022 with a 7.5% growth in revenue, a higher growth rate than in previous years. Revenues in 2022 reached more than 2.3 billion dollars – of which about 638 million dollars in the fourth quarter of the year, significantly higher than analysts’ forecasts. In 2021, for example, its sales grew by 4.9%. Net profit per share on a Non-GAAP basis was also higher than forecasts, $2.45 in the quarter and $7.4 for the full year.

11:15

The Swedish property company Castlum Drops by 5% after publishing the results of the fourth quarter. Annual net profit amounted to 1.75 billion Swedish kroner ($167 million) in 2022, 5.29 kroner per share. This is a significant decrease compared to 11.8 billion kroner in 2021, when the company recorded its highest profits ever (41.81 kroner per share). The company’s press release states that the Nordic real estate market was greatly affected by high inflation levels, rising interest rates, a cautious bond market and a global economic slowdown throughout the year. The company’s board of directors also proposed a rights issue to existing shareholders of approximately 10 billion kroner in the second quarter of 2023 in order to “strengthen its financial position.”

10:20

The trading week in the European stock markets opened with a mixed trend with a tendency for increases. Slight declines are recorded in futures trading on US stock market indices.

In Tokyo, trading closed with a 0.9% drop in the Nikkei index and a 0.7% drop in the Kospi index. In Hong Kong the trend is mixed and Shanghai rose by 0.7%.

The businessman Teddy Sagi, the controlling owner of the cyber security and online privacy solutions company coffee , published a takeover bid with the aim of delisting the stock from trading on the British capital market. Kape, which trades on the British AIM exchange at a current value of approximately $1.3 billion, announced today that Sagi, who owns 54.9% of its share capital, is making a purchase offer for the rest of the company’s shares and if this is completed as planned, Kape’s shares will be deleted from trading and will cease to be a public company .

Sagi’s purchase offer specifies a price per share of 285 pence, a 15% premium over the market price at the close of trading on Friday. If the offer is completed, Sagi will invest approximately 700 million dollars during this process.

07:55

Most Asian stock markets are trading in a negative trend today. The Nikkei index in Tokyo falls by about 1%, the Hang Seng index retreats by about 0.3% and the Kospi in Seoul registers a decrease of about 0.8%. On the other hand, Shanghai rises by about 0.6%.

Slight declines are recorded in futures trading on US stock market indices.

US government bond trading is now stable. This is after sharp increases in long-term government bond yields were recorded there on Friday. The ten-year bond yield increased by 6 points to 3.74% and the two-year bond yield increased by one point to 4.52%.

In the commodity market, oil futures are now down about 1% after rising on Friday following a report that Russia will cut oil output by 500,000 barrels per day in March. This, in response to the sanctions and purchase ban imposed on Russian oil in recent months following the invasion of Ukraine. The Brent rose last week by 8.6% and the WTI type oil recorded an increase of 8.2%.

In the global forex market, the dollar is now trading with a slight increase of about 0.1% against the euro and the pound and is strengthening by about 0.6% against the Japanese yen to a level of 132.1 yen per dollar.

Slight declines are recorded in the crypto arena and at this time Bitcoin is trading around 21.8 thousand dollars and Ethereum has weakened to a level of 1,520 dollars.

Today, important macro data will not be published in Israel or in the world. However, the rest of the week is especially full of macro data from the worlds of inflation and growth. The main drama is expected with the publication of the consumer price indices in the USA (Tuesday at 15:30 Israel time) and in the UK on Wednesday.

In the US, it is estimated that the index recorded a monthly increase of 0.4% in January (and an increase of the same rate in the core index that does not include energy and food prices), so that the annual inflation rate decreased from 6.5% in December to 6.2% (and the core rate decreased from 5.7% to -5.5%).On Wednesday morning the index will be published in Great Britain, where inflation is expected to register a decrease of 0.4% in January so that the annual rate will moderate from 10.5% to 10.2%.

And finally, John Mayer, Chief Investment Officer at Global X, notes in his weekly review that “so far, about 70% of the S&P 500 companies have published their reports for the fourth quarter. Overall, the average earnings per share decreased by 11% on an annual basis. This signals a decrease in the rate of growth in the coming year, and this against the background of higher interest rates, higher wage costs, the strong dollar and tax increases. Therefore, we should expect the continuation of efficiency programs among companies, something that may affect the economy at the macro level.”

He also points out that “Fed Governor Powell’s statements about the first signs of a decrease in inflation (disinflation) will be tested this week with the publication of the consumer price index for the month of January. Despite the trend of a decrease in inflation, it is possible to detect an increase in prices in specific sections such as second-hand cars It will be interesting to see the effect on inflation expectations, and this is in light of the fact that the break-even point of inflation for 5 years rose in the last two weeks to 2.4%, but this is still lower than the record of 3.5% recorded in March 2022. The market is now pricing in a final interest rate of 6 %, which shows that there is more work to be done to lower inflation in the US.”