#MarketNews

☀️Happy Friday, dear traders! Look at the major news on this week's last trading session!

⚡️ The United States and Britain have agreed on a coordinated attack on Houthi positions following the escalation of attacks on international ships in the Red Sea at the end of 2023.

🚗 Due to component shortages from Red Sea vessel attacks, Tesla pauses Berlin factory car production (Jan. 29 - Feb. 11).

🌐 Elon Musk confirmed that he still holds Dogecoin, his favored cryptocurrency. Additionally, he stated that SpaceX continues to hold a substantial amount of BTC(BTCUSD) in its balance.

🛢 Citi has lowered its 2024 Brent forecast to $74 from $75 and adjusted the 2025 projection to $60 from $70, citing an anticipated rise in oil market surplus.

🇨🇳 China’s exports posted the first full-year decline since 2016 as global demand faltered and prices fell, hurting a central pillar of growth for the world’s second-biggest economy.

🛫 Airbus(#AIR) delivered 735 commercial aircraft to 87 customers worldwide in 2023, demonstrating strong performance despite a complex operating environment.

💻 Microsoft and Apple are currently in close competition for the world's most valuable company title.

🖥 Bitcoin surged to a two-year high of $49,000 before losing momentum as the debut of cryptocurrency ETFs unfolded.

🏦 JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., and Wells Fargo & Co. kick off earnings season on Friday, following a 23% surge in U.S. bank stocks last quarter, outpacing the overall market.

That's it for today, guys! Click on ❤️if you liked our review, and see you soon!

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@fbsanalytics

#MarketNews

☀️ Happy Thursday, dear traders! Let's check the news moving the financial markets today:

👩‍💻 Cisco provided a weak quarterly and annual outlook, attributing it to decreased customer orders from its service provider. The company plans to reduce its global workforce by 5% (4000 jobs) through layoffs. Cisco's stock price is $50.24.

🕊 Canada, Australia, and New Zealand have called on Israel to cancel its operation in Rafah.

🔥 The European Union plans not to renew the gas transit agreement with Russia via Ukraine, which is set to expire at the end of 2024. The current price of natural gas (XNGUSD) stands at $1.668.

🛫 Airbus (#AIR) reported fourth-quarter revenue of 22.89 billion euros, beating estimates of 22.46 billion euros. The company plans to deliver about 800 aircraft in 2024, slightly below its 826 aircraft.

📉 The German government has lowered its GDP growth forecast for Germany in 2024 to 0.2%. Analysts indicate an increasing likelihood of a recession in Germany within the next 12 months.

🇯🇵 Japan's economy has entered a recession, yet its stocks are near historical highs. The JP225 index stands at 38 117 JPY.

💻 Nvidia has risen to third in the list of the most valuable companies in the US. Nvidia's stock price is $738.56.

🏠 The rate for a 30-year fixed mortgage in the US has risen to a two-month high. Mortgage applications have been declining since mid-January.

❓What exciting trades are on your radar today? Share your thoughts in the comments! 👇

➡️ TRADE WITH FBS
@fbsanalytics

#MarketNews

☀️ Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:

🔥 Natural gas prices in Europe surged by 10% due to supply disruptions from Norway. XNGUSD rose to 2.765.

🌐 After the approval of spot ETH-ETFs in the US, over $3 billion worth of ETH has been withdrawn from crypto exchanges, according to Glassnode. ETHUSD is trading at 3760.

🇲🇽 The Mexican peso dropped by 3% after the ruling party's decisive election victory, which could lead to increased state control over the economy. USDMXN rose to 17.68.

🛢 Brent crude oil prices fell below $78 per barrel for the first time since February 7, after an OPEC+ meeting that showed a lack of consensus among oil-producing countries. The XBRUSD pair fell to 77.64.

🛫 Airbus (#AIR) is in talks to sell over 100 wide-body aircraft to China, according to RTRS sources. However, #AIR shares slightly dropped to 154.80.

✂️ Google is conducting mass layoffs in its rapidly growing cloud division. Google shares are trading at 173.13.

🇨🇳 Last week, hedge funds sold Chinese stocks at the fastest pace since August 2023, according to Goldman. HK50 dropped to 18 500.

That's it for today, guys! Click on 👍 if you liked our review, and see you soon!

➡️ TRADE WITH FBS
@fbsanalytics

#MarketNews

☀️ Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:

⚡️ The ECB, led by Christine Lagarde, needs more time to assess inflation uncertainties. June's 2.5% inflation data were insufficient for decisions on interest rates.

💬 Japan's economy is forecasted to shrink in 2024, with GDP revised to -2.9% in Q1, leading BNP Paribas to predict a -0.4% contraction and SMBC Nikko Securities a -0.3% contraction.

🇦🇺 The RBA minutes show an August rate hike is possible, with the key rate at 4.35% and inflation at 4% in May, despite household financial stress.

🇳🇿 Weak New Zealand business confidence, with 44% of firms pessimistic and a 28% decline in trading, adds pressure on the central bank to cut the 5.5% interest rate sooner.

🚗 Tesla is expected to report a 5.8% drop in quarterly deliveries to 439,302 vehicles. The company is facing a prolonged sales slump due to an older lineup and widespread staff cuts. Tesla (#TESLA) shares are up 6.05%.

🛢 Oil trades near a two-month high, with Brent crude at $86.80 per barrel, driven by rising summer demand and potential disruptions from Hurricane Beryl.

✈️ Airbus deliveries rose 2% in the first half of the year to approximately 323 planes despite supply chain issues. Airbus (#AIR) stock is up 2.64%.

👀 Nvidia is set to face antitrust charges from the French regulator for alleged anti-competitive practices, which could lead to fines of up to 10% of its global annual turnover. Nvidia (#NVIDIA) stock is up 0.62%.

That's it for today, guys! Click on 👍if you liked our review, and see you soon!

➡️ TRADE WITH FBS
@fbsanalytics

#MarketNews

☀️ Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:

🛍 Alibaba is actively increasing its buyback volume amid declining stock prices, raising its buyback to $5.8 billion last quarter. Alibaba shares rose by 2.06%.

🏹 Robinhood has expanded its crypto trading services to Hawaii, Puerto Rico, and the Virgin Islands. #HOOD shares are trading at 22.44.

🛫 Airbus received an order for 152 aircraft worth $24 billion from Philippine airline Cebu Air. #AIR shares rose to 131.86.

🔈 Fed Chairman Powell said that the disinflation process has resumed, but more confidence is needed to start cutting rates. Inflation could reach the 2% target by the end of 2025 or 2026. The UsDollar rose to 105.67.

🇯🇵 The Bank of Japan and the Ministry of Finance have warned that they are prepared to intervene in response to strong fluctuations. Vanguard expects the yen to fall to 170. USDJPY rose to 161.79.

🔥 By 2030, global LNG supply is expected to exceed demand by 11% due to the launch of new LNG projects outpacing demand growth, according to BloombergNEF. XNGUSD dropped to 2.45.

🛢 The US Department of Energy sold 1 million barrels of gasoline from reserves to lower gas prices ahead of Independence Day on July 4th. XBRUSD trades at 86.50.

🚫 According to FT, the EU plans to impose import duties on all goods from Chinese e-commerce platforms, including Aliexpress, Temu, and Shein, even on items valued under €150.

That's it for today, guys! Click on 👍if you liked our review, and see you soon!

➡️ TRADE WITH FBS
@fbsanalytics