Alfred Gray
SUMMARY OF MONDAY'S APPLE CONFERENCE
As expected, Apple on Monday unveiled its first entry into the augmented reality market, Apple Vision Pro. However, the specific information given in the keynote at this year's Worldwide Developers Conference seems to have left investors somewhat cold.
While Apple's $AAPL APL stock hit a record high at the start of Monday's session, the stock...
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I like the new macbook air and the new watch OS. That's about it, but then the glasses came out and that's something. There's nothing like it yet and if it really works the way they showed, it's a game changer. On the other hand, I keep thinking about why I should buy it. It's expensive, I do my work on my laptop and if I want to watch a movie, I have a TV. I guess we'll have to wait for the real use of it.
Applied Materials $AMAT to invest up to $4 billion in semiconductor tooling research center
Leading chip manufacturing equipment manufacturer Applied Materials has announced an investment in a new facility in California that will be dedicated to research on semiconductor manufacturing tools.
Applied Materials will invite chipmakers and universities to collaborate on the new...
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I admit I was not familiar with this company unfortunately, but thanks for the tip, I will definitely look into it in more detail.
MACROECONOMIC DATA FOR THIS WEEK
In the week of 22 May, investors' attention will be drawn to several important macroeconomic data, including the release of the minutes of the US Fed meeting from early May, GDP growth in the US and Germany, and the US consumption deflator.
Monday
In the afternoon, we will see data on consumer confidence in the Eurozone. Analysts expect a reading...
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SUMMARY OF TODAY'S ECONOMIC DATA 📊
Futures on major indices in Europe suggest a slightly higher open
Higher than expected Q1 GDP data in Japan
US housing data in focus
Wednesday's session on equity markets in Europe is expected to extend the mixed sentiment from the previous session. The dollar is slightly stronger against the major currencies, supported by positive data from the...
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Nicely written. :) While I'm on the subject of housing, it seems to me that the reits are dropping quite a bit. What do you think it is, I know mortgage prices have an effect, but are there other factors?
Today, the European Commission published a new set of economic forecasts for the euro area. The EC has slightly raised its GDP forecasts for 2023 and 2024, while raising inflation expectations in both years. It explained that the upward revision of inflation forecasts is due to persistent upward pressures on core prices.
Projections for 2023
GDP: 1.1% vs 0.9% previously
Inflation:...
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Shares of travel company Airbnb $ABNB are losing nearly 10% today, despite the company reporting better-than-expected Q1 results. It also presented a relatively cautious outlook for the second quarter of the year. The second quarter has historically been the most successful quarter for its business, along with the third quarter, thanks to a summer season favorable for travel...
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Nice summary, but I don't really understand the market reaction from these numbers. Do you use Airbnb when you travel?
DISCLOSURE OF CPI
The US CPI release is scheduled for 14:30 today. Investors sell risk assets amid market uncertainty
Major markets in Europe and futures contracts in the US are nervous ahead of the April US CPI data released today. Investors are opting to unload high-risk positions. The data is likely to confirm the Fed's monetary policy. Currently, traders are pricing in a 25%...
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SHORTS - COMMODITY DEVELOPMENT
Oil -1.26% to US$72.78 per barrel.
Natural gas -1.01% to US$2.244 per mbtu.
Gold -0.28% to US$2037.2 per ounce.
Silver -0.01% to $25.895 per ounce.
Copper -1.03% to $3.8615 per pound.
Corn -0.38% to $5.825 per bushel.
Wheat -0.54% to $6.4 per bushel.
BIONTECH RISES ON BEST Q1 REPORT 📊
Shares of Biontech (BNTX.US), the company that co-developed revolutionary mRNA vaccines with Pfizer (PFE.US) during the pandemic, are up 5% as its Q1 report beat Wall Street analysts' estimates. The company beat expectations on both revenue and earnings. Year-over-year, of course, results deteriorated significantly, but not to the extent and at...
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We need these companies and it is good that they are thriving. However, you won't find them in my portfolio....😅
SUMMARY 5.5
Wall Street indices ended yesterday's trading lower as renewed concerns over regional banks weighed on sentiment
The S&P 500 fell 0.72%, the Dow Jones moved 0.86% lower and the Russell 2000 fell 1.18%. The Nasdaq had a better performance, falling "only" 0.49%
PacWest Bancorp fell 50% and Western Alliance traded 38% lower on reports that those banks are exploring a...
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OVERVIEW OF COMMODITY PRICES 📊
Oil -0.1% to $68.53 per barrel.
Natural gas -1.57% to $2.136 per mbtu.
Gold +0.69% to $2,051.1 per ounce.
Silver +0.93% to $25.92 per ounce.
Copper +0.77% to $3.8745 per lb.
Corn -0.51% to $5.855 per bushel.
Wheat -0.78% to $6.3475 per bushel
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I didn't know the price of corn was evolving as well. Gold is definitely interesting for me and as the guys write, it's nice to have some at home.
Fed raises key interest rate by 25 bps as expected to 5.25%
FOMC (Fed) rate decision (upper bound) (May 3):
current value: 5.25%
market expectation: 5.25%
previous value: 5.00%
FOMC (Fed) rate decision (lower bound) (May 3):
current value: 5.00%
market expectation: 5.00%
previous value: 4.75%
SHORTS WHAT'S COMING UP TODAY AND PARADES!
European indices try to bounce up
FOMC rate decision to be released at 8pm
J. Powell's press conference will follow at 8:30 p.m.
We are also waiting for the US crude oil inventories
EMU HICP INFLATION
EMU inflation data for April:
Harmonised Index of Consumer Prices YoY: 7.0% versus 6.9% expected and 6.9% previously
Core Harmonised Index of Consumer PricesYoY: 5.6% versus 5.6% expected and 5.7% previously
Eurozone inflation is still high and above the ECB's target. This puts the ECB in a difficult position regarding the tightening cycle. Today's PMI data...
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I know and have $BTI, I don't know the others, thanks for the tips, I'll take a look.