Archive for April 27th, 2022
Archive for April 27th, 2022

Archive for April 27th, 2022

27
Apr

Talking Cryptocurrencies

Cryptocurrencies, like the indices, managed to erase some of the losses from the weak end of last week. Bitcoin slipped below $40,000 for the first time in a month over the weekend and tested $38,500 level. Now the ‘king of cryptocurrencies’ has erased some of the losses and attempts to return above $40,000 pulling altcoin […]

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27
Apr

Under Pressure Biontech (BNTX.US)

German company Biontech (BNTX.US) was developing an MRNA vaccine in collaboration with US giant Pfizer and was one of the biggest beneficiaries of the coronavirus pandemic. However, pharmaceutical stocks are now in retreat as the pandemic slowly subsides: The company has advertised their vaccines as outperforming the competition in terms of efficacy while causing minimal interference to […]

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27
Apr

Earnings Preview Meta Platforms

Meta Platforms to report earnings after market close today Revenue seen increasing 8%, net income seen 25% lower Expectations of first sub-10% sales growth since IPO Active users expected to increase after Q4 2021 drop Russia-Ukraine war potential risk to ad spending Shares trade 45% year-to-date lower Following the earnings release from Microsoft and Alphabet […]

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27
Apr

Commodity Talk

Inflation seemed to be a dead topic for many years. For an extended period of time, central banks tried to stimulate price growth, mainly through higher wages. The inflation targets were more than achieved, unfortunately mainly through supply factors. It is sometimes difficult to answer the question whether high inflation is caused by rising commodity […]

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27
Apr

Talking Oil (WTI)

Oil has gained ground amid geopolitical tensions as Russia halted gas supplies to Poland and Bulgaria until payments in Rouble are made, while hopes of Chinese economic stimulus buoyed the demand outlook. We are currently facing an event driven market combined with a risk-off sentiment. However, the technical situation seems to suggest that further gains […]

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27
Apr

Talking Gas

Russian Gazprom informed Polish and Bulgarian natural gas companies that supply of Russian gas has been halted this morning and will not resume unless Poland and Bulgaria agreed to pay for gas in Russian rubles. This means that the sanctions grand finale may have arrived. As Russia decided to cut Europe off its gas before […]

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26
Apr

Eur/usd Looking For Support

New orders for US manufactured durable goods rose 0.80% month-over-month in March, from upwardly revised -1.7% (previous -2.1%) decrease in February and compared to market expectations of a 1.0% increase. Computers and electronic products, up two of the last three months, led the increase, up by $0.7 billion, or 2.6 percent, to $26.3 billion. Meanwhile, orders for […]

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26
Apr

Microsoft Earnings Ahead

Microsoft to release earnings after close of US session today Another quarter of double-digit growth expected Sales growth expected to slow to below 20% for the first time in a year Intelligent Cloud segment continues to lead Stock trades 17% year-to-date lower Microsoft (MSFT.US) is set to report earnings for fiscal-Q3 2022 (calendar Q1 2022) […]

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26
Apr

Talking Oil

Oil is trading higher today, along with other risk assets. A pause in the US yield rally allowed equities to catch some breather and improved sentiment towards energy commodities and industrial metals. However, the outlook for oil is far from clear as there are a number of contradicting factors. On one hand, we have a […]

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26
Apr

Today’s Economic Calendar

European markets set to open higher US durable goods orders data for March, API report Earnings reports from Alphabet and Microsoft Futures markets point to a much higher opening of the European stock market session for major indices from the Old Continent. DAX futures trade almost 200 points above yesterday’s cash close while Euro Stoxx […]

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