This is what you need to know to trade today tuesday december 6:
The ISM-generated slide continued through the Asian session, but stocks remain propped up by further news of China’s reopening. However, the US dollar held onto most of its gains and the bond market continues to appreciate. On Tuesday morning, oil remains subdued after Monday’s sharp decline. Overall, price pressure remains, but tanker piling up in Turkey will likely stem declines for now. The Reserve Bank of Australia rose 25 basis points, as expected, but appears to be taking a more aggressive stance. The situation depends on the data, but now everything seems to point upwards. Bond yields are quieter this morning, and we actually expect more choppy trading with an emphasis on risk aversion issues until next week’s FOMC.
The dollar is stable at 105.15 for the DXY index, while oil falls to $75.67. Gold has risen slightly to $1,777 and Bitcoin to $16,990.
European markets:
- Eurostoxx: flat
- FTSE: -0.2%
- Dax: -0.3%
US Futures:
- Dow Jones: -0.1%
- Nasdaq and S&P 500: blueprints
Wall Street News
The Reserve Bank of Australia raise interest rates.
decision of the BoC morning.
Herbal Life (HLF) down due to the offer of convertible bonds.
GitLab (GTLB) go up for good results.
Signet Jewelers (SIG) rises for its good results.
Reuters headlines
The Supervisory Board of Meta Platforms (META) recommended the company reform its system to exempt high-profile users from its rules.
NRG Energy Inc (NRG) and Vivint Smart Home Inc: Power generation company NRG will buy Vivint for $2.8 billion in cash.
American Airlines Group Inc (AAL), Delta Air Lines (DAL) Inc & United Airlines Holdings (UAL) Inc: Delta’s offer to give pilots a cumulative 34% pay increase over a new four-year contract has boosted hopes of similar raises at rival United Airlines, American Airlines.
American Express Co (AXP): The Australian securities regulator has taken the local unit of American Express (AmEx) to court alleging that two of its co-branded credit cards with retailer David Jones were issued and distributed without ensuring customers understood them.
BioNTech SE (BNTX), Moderna Inc (MRNA) and Pfizer Inc (PFE): Pfizer and its German partner, BioNTech, hit back at Moderna on Monday in a patent lawsuit over its rival COVID-19 vaccines, seeking dismissal of the lawsuit in federal court in Boston and an order that Moderna’s patents are invalid and not valid. infringed.
Deutsche Bank AG (DB): Deutsche Bank and Rabobank were accused by EU antitrust regulators of participating in a government bond cartel.
Goldman Sachs Group Inc (GS): The company plans to spend tens of millions of dollars to buy or invest in cryptocurrency companies after the FTX crash hit valuations.
Microsoft Corp and Sony Group Corp (MSFT): The company has offered Sony a 10-year deal so that each new “Call of Duty” release will be available on PlayStation the same day it hits Xbox, according to an opinion piece published Monday in the Wall Street Journal by an executive. from Microsoft.
Textron Inc (TXT): The US Army on Monday awarded the contract for its next-generation helicopter to Textron’s Bell unit.
Taiwan Semiconductor Manufacturing Co Ltd (TSM): President Joe Biden will visit TSMC’s Arizona plant as the Taiwanese chipmaker is poised to more than triple its planned investment in the factory to $40 billion, one of the largest foreign investments in US history. Uh ..
upgrades and downgrades
Source: WSJ.com
Economic data
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.
