Abstract:EUROPEAN SHARES
Share markets drifted further after the opening bell in Europe on Thursday, following a slide in Asian stocks, mostly weighed down by the tech sector.
Uncertainty and investor skepticism linger this week as the short- to mid-term outlook remains blurry to most market operators who are still assessing the prospect of an economic recession brought by the current aggressively hawkish policy cycle from central banks. With that in mind, traders are keeping both eyes on the corporate front to see how companies cope with this difficult environment.
While corporate results aren‘t dramatic so far, the overall trend remains mixed, especially after Tesla Motors slightly beat earnings but missed revenue projections yesterday, shortly after the market close in the US. This starts raising questions over stock/riskier assets exposure for professional investors, a situation that could drive benchmarks to new annual lows if fundamentals don’t show any sign of improvement.
Technically speaking, most stock indices failed to clear their major resistance levels yesterday as buyers arent strong or numerous enough to keep control of stock markets yet.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?
Updated forex analysis shows USD weakness, focusing on key levels like EUR/USD, DXY bearish trend, and pivot points for major currency pairs.