This is what you need to know to trade today, Friday, December 9:
Stock markets recovered ground on Thursday, a day without news. It may be disingenuous to say this, but really this week has been a wait before next week’s volcano. Markets expected a rebound on Thursday after five straight days of losses and some closing out ahead of the weekend and the Today’s PPI, which has shown a higher than expected result in your annual reading excluding power and energy. At least the IPP will serve as a catalyst, but it is likely to be short-lived. Next week is too important to enter with large open positions. We have the ECB, the Fed and the CPI, as well as a massive options expiration on Friday.
The dollar it has risen after the data to a daily high of 105.18 for the DXY, but is now trading above 104.80, flat on the day. Oil remains under pressure at $72.20, and Gold at least looks a bit brighter (pardon the pun!) near $1,800. Bitcoin looks lively at $17,200.
markets europeans up: Eurostoxx +0.14%, FTSE +0.1% and DAX +0.4%.
Futures Americans they fall between 0.20% and 0.25% on Nasdaq, S&P 500 and Dow Jones
Featured Wall Street News
Representatives of Russia and the US will meet in Turkey, TASS sources quoted.
Reuters headlines
Tesla Inc (TSLA): Tesla will suspend assembly of the Model Y at its Shanghai plant between December 25 and January 1, according to an internal memo detailing the automaker’s latest production plan, reviewed by Reuters, and two people with knowledge of the matter. affair.
Broadcom Inc (AVGO): The company on Thursday forecast earnings for the current quarter above Wall Street estimates, signaling strong demand for chips used in data centers and networking equipment.
Costco Wholesale Corp. (COST): The company reported first-quarter results on Thursday, which missed analysts’ estimates.
Alphabet Inc (GOOGL): Australia’s competition watchdog said its lawsuit against Alphabet’s Google alleging consumers were misled about its expanded use of personal data for targeted advertising had been dismissed by a court.
Apple Inc (AAPL): Hundreds of Apple workers in Australia are preparing to go on strike before Christmas to demand better working conditions and pay, union leaders and staff have said.
Bath & Body Works Inc (BBWI): Hedge fund Third Point has amassed a stake of just over 6% in Bath & Body Works and is pushing for new members on the retailer’s board, the fund said in a regulatory filing on Thursday.
Boeing Co (BA) Y United Airlines Holdings Inc (UAL): Chicago-based United Airlines plans to announce a major order for Boeing 787 Dreamliners next week, two sources briefed on the matter told Reuters.
Goal Platforms Inc (META): The Biden administration on Thursday accused Meta of trying to buy its domain in the metaverse, launching a high-profile lawsuit to try to stop Facebook parent from buying virtual reality app developer Within Inc.
In other news
The FTC files a lawsuit to block the purchase of Activision (ATVI) by Microsoft (MSFT).
Pfizer (PFE) BioNTech (BNTX) unique flu virus and covid vaccine gets fda fast track status.
Li Auto (LI) lose profit.
ascents and descents
Source: WSJ.com
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
