Invest770

24/11/2021

Please note that Meir Velenski is a Financial Markets expert and his opinions are independent of Invest770 or any other provider

24/11/2021

There's a veritable feast of U.S. economic data, including personal consumer expenditure prices - the Federal Reserve's favored gauge of inflation - and weekly jobless claims, moved up a day to avoid the Thanksgiving Holiday. Germany will present its new government under the leadership of center-left politician Olaf Scholz, who was finance minister under Angela Merkel in the last government. Stocks are set to open lower, as fears of inflation and monetary tightening continue to bubble alongside concerns about supply chain disruptions. Walgreens and CVS get dragged into the opioid legal quagmire with an important verdict in Ohio, and oil prices correct downwards after Tuesday's surge. Here's what you need to know in financial markets on Wednesday, 24th November.
1. Pre-Thanksgiving
Gear up for tomorrow’s guzzle-fest by gorging on a vast spread of U.S. economic data, you can choose from a selection of side dishes including weekly jobless claims, October durable goods orders and the October goods trade balance.
2. Germany has new government
Germany will show off its first three-way coalition government in over 50 years at a press conference at 9 AM ET. It will confirm Olaf Scholz, a centrist from the center-left Social Democratic Party, as Chancellor and is likely to give the Finance Ministry to Christian Lindner of the pro-business and somewhat euroskeptic Free Democrats. The third party in the coalition are the Greens.
3. Stocks set to open lower on inflation, retail jitters
U.S. stock markets are set to open lower later, under ongoing pressure from a bond market that is looking increasingly jittery as the Fed starts to wind down its asset purchases.By 6:15 AM ET, Dow Jones futures were down 170 points, or 0.5%, while S&P 500 futures were down 0.4%, as were Nasdaq 100 futures. The Nasdaq had underperformed against a backdrop of renewed selling of Tesla (NASDAQ:TSLA) stock by CEO Elon Musk, while warnings

07/11/2021

Here’s what you need to know in the coming week
• Inflation data
Data on producer price inflation for October is scheduled for release on Tuesday, followed a day later by figures on consumer price inflation.The CPI numbers are expected to hit their highest levels so far post-pandemic, with economists forecasting an increase of 0.6% month-on-month and 5.8% year-on-year. Core inflation, which excludes food and energy costs, is expected to rise by an annualized 4.3%.
• Fed speakers
Fed Chairman Jerome Powell is scheduled to make two appearances during the week, the first at an online conference on Monday on gender and the economy hosted by the Fed. On Tuesday he is due to speak at an online conference on diversity and inclusion in economics and central banking, jointly hosted by the Federal Reserve Board, Bank of Canada, Bank of England, and European Central Bank.
• Earnings
Better-than-expected third-quarter earnings have boosted equities and Wall Street's main indexes closed at record highs on Friday following a strong U.S. jobs report and positive data for Pfizer 's (NYSE:PFE) experimental antiviral pill for COVID-19.The latest slew of earnings could provide a catalyst for fresh market highs. Companies reporting in the coming week include entertainment company Walt Disney (NYSE:DIS), drugmakers AstraZeneca (NASDAQ:AZN) and BioNTech (NASDAQ:BNTX) along with Softbank (OTC:SFTBY), PayPal (NASDAQ:PYPL), Coinbase (NASDAQ:COIN), AMC Entertainment (NYSE:AMC), Krispy Kreme (NASDAQ:DNUT) and Adidas (OTC:ADDYY) among others.
• UK GDP
After the Bank of England wrong-footed markets with its decision to keep interest rates on hold last week the UK is due to release data on third quarter growth on Thursday. GDP growth is expected to slow to 1.5% from the previous quarter.
• China
The top leaders of the Chinese Communist Party are set to meet in Beijing from Monday through Thursday, where the decision-making Central Committee could give the go-ahead for an unprecedented third term for President Xi Jinping.

01/11/2021

European stock markets are expected to open marginally higher Monday, with investors buoyed by generally positive corporate earnings but wary at the start of a week that includes a Federal Reserve meeting that is expected to signal the start of QE tapering.
At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed 0.1% and the FTSE 100 futures contract in the U.K. rose 0.2%.
These small gains in Europe come after more of a mixed session in Asia, with mixed Chinese PMI data weighing on the positive tone but a decisive victory for Japan’s Prime Minister Fumio Kishida's Liberal Democratic Party in a general election raising hopes for stability and more stimulus ahead. Attention on Monday will also focus on the COP26 conference in Glasgow, a U.N. conference aimed at limiting the effects of climate change, a day after the G20 big economies failed to agree on a deadline for halting net carbon emissions.
Low-cost airline Ryanair (LON:RYA) reported its first quarterly profit since the start of the Covid-19 pandemic, but still warned that it would still make a hefty full-year loss.U.K. bank Barclays (LON:BARC) will also be in the spotlight after the announcement that CEO Jes Staley is to step down after investigations into his links with disgraced financier and convicted s*x criminal Jeffrey Epstein.
This week also sees the latest meeting of the Organization of the Petroleum Exporting Countries and their allies including Russia, a group called OPEC+. These top producers are expected to stick to their plan to add 400,000 barrels per day of supply in December when they get together on Thursday.
Additionally, gold futures rose 0.1% to $1,784.75/oz, while EUR/USD traded 0.1% lower at 1.1553.

31/10/2021

Sunday is as always reserved for more updates on scammers and how to avoid them 🙏
Please note that Meir Velenski is a Financial Markets expert and his opinions are independent of Invest770 or any other provider

Scammers and Conmen

31/10/2021

The market optimism will be tested from all sides this week, as a slew of corporate earnings, non-farm payrolls, and a Fed meeting that is expected to signal the start of QE tapering.
• Earnings Season Rolls On
Earnings continue to be the main story in stock markets around the world. While many of the biggest names have already reported, with Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) being top performers last week and Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Facebook (NASDAQ:FB) - soon to be Meta - lagging, a much wider swath of companies will update on Q3 this quarter.Non-farm payrolls
Non farm payrolls
After October’s disappointing jobs report and the muted GDP number, November’s nonfarm payrolls report will test the strength of the U.S. economic recovery. Expectations are for 385K new jobs, after the NFP missed expectations in each of the last two months.
• Fed Meeting
The Fed Open Market Committee (FOMC) report comes out at 2pm on Wednesday after a two-day meeting. Fed chair Jerome Powell has said in recent weeks that the plan to start tapering in November is still on, so the question is whether that will bear out.
• Manufacturing PMI reports
As we enter the holiday season to finish the year, the supply chain snarls and various growth slowdowns will be in the spotlight. A number of PMI reports come out this week. China already kicked off with a disappointing 49.2, marking reduced activity. The U.S., U.K., Germany and other Euro Zone countries will all report. Expectations are for expansion across the board - numbers above 50 on the index - and will give an additional indicator on how the global economy sets up to finish the year, and perhaps how long consumers will have to purchase their holiday presents in advance.

04/10/2021

https://youtu.be/OCtkwA9hQEs

Facebook addiction

27/09/2021

Watch out for scams

Watch out for Scams

25/09/2021

China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks. Ten agencies, including the central bank, financial, securities and foreign exchange regulators, vowed to work together to root out "illegal" cryptocurrency activity, the first time the Beijing-based regulators have joined forces to explicitly ban all cryptocurrency-related activity.
The repeated prohibitions highlight the challenge of closing loopholes and identifying bitcoin-related transactions, though banks and payment firms say they support the effort. The move comes amid a global cryptocurrency crackdown as governments from Asia to the United States fret that privately operated highly volatile digital currencies could undermine their control of the financial and monetary systems, increase systemic risk, promote financial crime and hurt investors. They also worry that "mining," the energy-intensive computing process through which bitcoin and other tokens are created, is hurting global environmental goals.

24/09/2021

Ignoring the facts

22/08/2021

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