Please try another search
After Christine Lagard's less "hawkish" comments, delivered yesterday, the EU have turned green. FTSE MIB +1%, , DAX +1.40%. The US futures are still on the backfoot: NASDAQ - 0.58%, S&P 500 - 0.37%, at writing.
In the US, the market awaits the inflation data due on Feb. 10. The consensus expects another acceleration to + 7.3% due to the pressures of the energy component, but also for the further acceleration in used car prices, as well as second-level effects such as rents and wages (after the sharp rise of hourly wages at 5.7%) which explain the expected acceleration also in core inflation (expected at 5.9% vs. 5.5%).
In Europe, good news regarding the possible war in Ukraine. Between Russia and France, there are 'elements of convergence' on how to continue a negotiation to avert a war in Ukraine. French President Emmanuel Macron summarized the result of more than five hours of talks in the Kremlin with Vladimir Putin.
We are witnessing a super rise in the euro, due to the increase in the interest rate, which should arrive in the third quarter of 2022. A strong Euro is not good for exports and will put the German industry in serious difficulty. Yesterday's data on industrial production is negative. The bottlenecks of the supply chain are penalizing Germany. New lows are therefore possible in the 14500 area for the Dax.
Peloton (NASDAQ:PTON): The Wall Street Journal and the Financial Times wrote over the weekend that various entities, including Amazon (NASDAQ:AMZN) + 1.4%, Nike (NYSE:NKE) + 0.5% and Apple (NASDAQ:AAPL), are considering the possibility of submitting an offer to the company.
Crude oil: OPEC + monthly report comes out on Thursday: the document indicates the extent of the increase in production in January by the members of the cartel.
Meta Platforms Inc (NASDAQ:FB): It lost another 5%, reaching a drop of 40% from the highs of September. With the market closed, the company announced that Peter Thiel would step down from his seat on the board of directors this spring after 16 years. Thiel should work alongside Republican candidates who have pledged to push Trump's agenda forward.
Alibaba (NYSE:BABA): The stock is one step away from new lows, the chances of liquidation by Softbank (OTC:SFTBY) are very high.
Regarding Peloton, I don't believe in the possibility of an acquisition. The price of the company is high. It is not the first time that such situations do not materialize. Prices could be in the $25 area.
On Meta and Alibaba, these are two stocks where I decided to exit early from my long positions. The latest news on the stocks is very negative. Meta platforms has seen an important member leave the board, and Alibaba continues to be a dangerous stock due to the lack of transparency regarding the quarterly results.
In addition, one of the main shareholders is preparing to exit by selling their shares. I expect $210 and $100, respectively, as possible lows on these stocks.
There are no prizes for guessing what the highlight next week will be. The US jobs report is widely regarded as being the most important economic report each month, although...
After the US regional banking crisis and the forced takeover of Credit Suisse sent shockwaves through global markets, concerns over the risk of contagion rippled across the...
Yesterday’s post reviewed the mixed signals for US recession risk based on CapitalSpectator.com’s proprietary business-cycle indexes. Today’s follow-up will take a deeper look at...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.