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Global Market Trend As Of August 9th, 2022

August 9, 2022

MAJOR INDEXES

Market report as of August 9th, 2022    

NAME                  LAST  CHG %CHG
S&P 500                       4,140.06000 -5.1300 -0.12
NASDAQ                  12,644.4600 -13.100 -0.10
DJIA                         32,832.5400 29.0700 0.09
*FTSE                      7,489.39000* 7.02000 0.09
*NIKKEI              27,999.9600* -249.28 -0.88
*HSI                  20,003.4400* -42.330 -0.21
*SHANGHAI          3,247.43000* 10.5000 0.32
VIX                           21.44000000 0.15000 0.70
*DAX                    13,633.3300* -54.3600 -0.40


S&P500 MARKET MOVERS


TOP
PENN
PENN Entertainment Inc
5.564%  
GM
General Motors Co
4.16%  
APTV
Aptiv PLC
4.136%  
CLX
Clorox Co
4.022%  
PARA
Paramount Global
3.916%  
BOTTOM
TSN
Tyson Foods Inc
8.405%  
NVDA
NVIDIA Corp
6.298%  
ENPH
Enphase Energy Inc
4.377%  
SEDG
Solaredge Technologies Inc
3.927%  
WBD
Warner Bros Discovery Inc
3.907%  


SECURITIES
BONDS
NAME YIELD CHG
US 10-YR
2.785 +0.022
US 30-YR
3.007 +0.009
US 5-YR
2.933 +0.022
US 2-YR
3.220 +0.004
US 3-MO
2.625 -0.029
BUND 10-YR
0.923 +0.024
JPN 10-YR
0.168 -0.007
UK 10-YR
1.966 +0.014



FUTURES & COMMODITIES

NAME LAST CHG %CHG
*OIL
89.460 -1.300 -1.43
*NAT GAS
7.6780 +0.089 +1.17
*GOLD
1,807.9 +2.700 +0.15
*SILVER
20.640 +0.026 +0.13
*WHEAT
790.500 +10.75 +1.38
*COPPER
3.6060 +0.020 +0.54



CURRENCIES

NAME LAST CHG %CHG
JPY/USD
0.7410 +0.001 +0.07
USD INDEX
105.98 -0.450 -0.43
USD/JPY
134.90 -0.100 -0.074
GBP/USD
1.2130 +0.005 +0.42
EUR/USD
1.0250 +0.005 +0.49
USD/CAD
1.2850 -0.001 -0.07
AUD/USD
0.6990 +0.000 +0.04
 
Analyst's Views

Fed could approve 100-basis point interest rate hike after jobs shocker, Citi says
The scorching-hot July jobs report raises the risk of a full-percentage point interest rate increase when the Federal Reserve meets in September as policymakers try to crush inflation and cool the labor market, according to Citigroup economists.

Citigroup strategists led by Andrew Hollenhorst wrote in a Monday analyst note that the surprisingly strong jobs report, coupled with faster-than-expected wage growth, could "make a 75 basis-point hike in September very likely and raise the potential for further super-sized increases." 

A 100 basis-point increase would be the first of its size since the Fed started announcing moves in the overnight federal funds rate in 1994 and would put the benchmark range between 3.25% and 3.50%. 


Disney World prices surge 3,871% over 50 years, chart shows
Data from a chart posted online indicates that ticket prices for Walt Disney World have gone up by at least 3,871% since it first opened in 1971. An animated chart posted on TikTok by the user piechartpirate shows the increases over the passage of time, showing how it greatly outpaces increases in wages, rent, and gas prices.


Pfizer agrees to $5.4B deal for Global Blood Therapeutics

Pfizer Inc. has agreed to buy Global Blood Therapeutics Inc. for $5.4 billion, in a deal that would give the big drugmaker a foothold in the treatment of sickle-cell disease.

Pfizer said Monday it would pay $68.50 a share in cash for Global Blood Therapeutics, which has one of the few approved treatments for sickle-cell disease. The Wall Street Journal reported Friday that the companies were in advanced talks.

The acquisition continues a string of deals for Pfizer, which is flush with cash from sales of its Covid-19 vaccine and drug. It has said it wants to add $25 billion in revenue from business-development moves like mergers and acquisitions by 2030.




SPOT MARKET  BY THE HOUR AS OF GMT 09:50  08-09-22
 
European Market, The Euromarket bourses are mixed. London's FTSE increased by 0.12% to 7,491.46, Germany's DAX declined by 0.39% to 13,634.2 while France's CAC also slowed by 0.2% to 6,511.05. 

Asia Market
Asian stocks The investors' sentiments are mixed  as the bourses trended with different sentiments. Tokyo's Nikkei 225 index increased by 0.88% to 27,999.96, China's Shanghai retreated by 0.32% to 3,247.43 while Hang Seng in Hong Kong also jumped by 0.21% to 20,003.44.



Cryptocurrencies, at an intraday range of $23,567.8 by the hour and a maximum of $23,927.44 in 24 hours.



























SOURCE: MSBM

IMAGE SOURCE: Pixabay


Contributions from Fox Business &CNBC