This is what you need to know to trade today, Friday, November 25:
US equity markets reopen today for a short session after Thanksgiving. Occasionally this can mean a sprint to the finish line with increased volatility, but it seems unlikely this time around. Bond markets remain fairly quiet and the earlier drop in US Treasury yields is partially reversing today. This makes everything riskier, with the dollar and oil rising. The situation in China continues to be a mobile party, as more covid closures are announced every day and protests at the Foxconn plant escalate. Reserve requirements for Chinese banks were also lowered overnight, a form of easing. The US dollar has received a bit of a bid on this news.
The price of gold has fallen due to the strength of the dollar and its yield has risen to $1,747. Oil is at $78.66, while the Dollar Index (DXY) is at 106.30. The price of Bitcoin is at $16,400.
The european markets they are practically flat with the Dax at -0.15, the FTSE at +0.1% and the Eurostoxx unchanged.
The futures in states The United States are down to flat, with the Nasdaq at -0.5%, and the S&P and Dow unchanged.
Top Wall Street News
The EU will resume discussions to cap Russian oil prices tonight.
Activision Blizzard (ATVI) is down on the possibility that the FTC will file a lawsuit to block the acquisition of microsofts(MSFT)).
The Manchester united (MANU) rises again because its sale is at stake.
Bed Bath & Beyond (BBBY) struggles to keep stores stocked according to the WSJ.
Coupa Software (COUP) rises on acquisition speculation.
Apple Inc (AAPL) ) Foxconn’s flagship iPhone plant in China is set to see its November shipments further reduced by the latest outbreak of worker unrest this week, a source with direct knowledge of the matter said on Friday.
Activision Blizzard Inc (ATVI), Microsoft Corp. (MSFT) Y Salesforce.com (CRM) Microsoft is likely to face an EU antitrust probe as regulators intensify their scrutiny of its practices in a case sparked by Salesforce.com’s Slack workspace messaging app.
Amazon.com Inc (AMZN ) Workers at Amazon hubs around the world, including those in the United States, Germany and France, were expected to go on strike on Black Friday.
Berkshire Hathaway Inc (BRKA) The company said Warren Buffett has donated part of his fortune to four family charities.
BP Plc: Employees of the Petrofac oil services company who work at several of Britain’s North Sea oil fields have voted in favor of a strike on December 8 and 9 over working conditions, the Unite union said on Thursday.
Credit Suisse Group AG (CS): The bank has made 889 million new shares available to existing investors at 2.52 Swiss francs ($2.67) per share, it said on Thursday.
Ford Motor Co (F) The automaker is recalling 634,000 sport utility vehicles (SUVs) worldwide for the risk of fire due to possible broken fuel injectors.
Stellantis NV (STLA) Fiat’s parent has concluded that it cannot currently make affordable EVs in Europe and is seeking lower-cost manufacturing in markets such as India.
Tesla Inc (TSLA) The American maker of electric cars is recalling more than 80,000 cars made in China and imported since 2013, due to software and seat belt problems, according to a statement from the Chinese market regulator.
Ups and downs
Source: Fx Street
I am a writer for World Stock Market. I have been working in finance for over 7-8 years, and I have experience with a variety of financial instruments. My work has taken me to Japan, China, Europe, and the United States. I speak Japanese and Chinese fluently.