Monday Feb 12 2024 15:27
4 min
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In this article, we will look at the most interesting commodities, futures, and stocks of the moment, along with a macroeconomic overview of the markets.
Despite tensions in the bond market, Wall Street set another record high this week, but Europe remained more uncertain. Specifically, the luxury goods and automobile sectors posted significant growth, while financial stocks suffered heavy losses. Because a macroeconomic catalyst is missing, volatility seems to have diminished. Inflation data expected in the United States this week will be of crucial importance.
The latest macroeconomic data are still positive. Leading indicators of U.S. economic activity, such as the S&P Global U.S. Services PMI and the ISM Services Index, remain above the 50-point contraction threshold. In other words, the U.S. economy is doing well and the forecast of a gradual brightening of growth remains valid. As a result, the yield on the 10-year U.S. bond is stable within a range of 3.85 percent to 4.23/25 percent.
In January, consumer prices in China fell 0.8 percent, showing a weak recovery for the world's second-largest economy. So far, measures by local authorities to stimulate the economy have not yielded significant results. In my next article, I will discuss futures and update the HANG SENG futures situation.
PALANTIR is dedicated to creating software to aid investigations and counterterrorism operations. After announcing its first earnings in 2023, the stock has risen sharply. Some may wonder why the net margin is so small compared to the operating margin, but for now investors seem unconcerned about this detail.
PALANTIR's stock prices appear to be high in comparison to earlier listings, however, it is important to note that markets are unpredictable and potential further highs or falls may be expected at any time. The stock is expected to fall at any time.
SNAP is facing a difficult week. In a single day, the stock is down 35 percent after disappointing fourth quarter sales. Competition with larger platforms such as Meta and Alphabet is causing problems on the advertising front. Data released by Pinterest on Thursday night seemed to confirm that the industry giants are attracting more and more budget than their smaller rivals. The stock is expected to decline further before a possible technical rebound.
Paypal the largest company in the fintech sector is struggling to recover from its increasingly fierce competition. However, current results and prospects are disappointing, and the group seems to be moving too slowly in its transformation initiatives.
I look forward to sharing the next article on markets.com channels, in which we will analyze the most relevant Futures of the moment.
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