World market news Sep – Dec 2022

Breaking Market News World market news

World market news that moved the markets from September to December 2022.

12-28-2022

Amazon (AMZN) plans a stand-alone sports streaming app – The Information

Facebook parent Meta META to pay $725 mln to settle lawsuit relating to Cambridge Analytica – Reuters

12-22-2022

FTX founder Bankman-Fried released on $250 mln bond

These analysts revised price targets on Nike (NKE) Following third-quarter financial results

Alvotech (ALVO) is 20% higher after FDA granted a new biosimilar user fee amendment for its original biologics license application for AVTO2

Cleveland-Cliffs Inc. (CLF) is trading 10% higher after the announcement of price increases on fixed-priced contracts

United Kingdom Gross Domestic Product (YoY) came in at 1.9%, below the forecasts of 2.4% in third quarter 2022

12-21-2022

Germany Gfk Consumer Confidence Survey came in at -37.8 beating the forecasts of -38 in January

Tuesday’s earnings reports: BB FDX FDS GIS NKE

12-19-2022

Apple (AAPL) has been fined 1 million by the French Commercial Court in Paris over abusive app store practices

Monday’s earnings reports: HEI CCL VALU VERY AVYA STAB

Citi is bullish on Gold for 2023 and especially in the 2nd half of 2023, now expects average of $1,900/oz by the end of the year

Musk’s Twitter poll says he should step down from Twitter. Tesla (TSLA) stock rallies

Germany IFO – Business Climate registered at 88.6 beating the expectations of 87.2 in December

12-17-2022

Tuesday’s earnings reports: BHP LEGN BRZE HEXO GTH ABM

Boeing (BA), and United Airlines (UAL) Finalize 737 MAX and 787 Order, Including Record Purchase for 100 Dreamliners

12-12-2022

Monday’s earnings reports: ORCL STCN VALU BLBD GTH SIF

12-10-2022

United States Michigan Consumer Sentiment Index registered at 59.1 above expectations (53.3) in December

Friday’s earnings reports: CBRL GCO LI AZRE SIF

Credit Suisse Cuts Apple (AAPL) Q1 Estimates

Bank of England Survey: UK public inflation expectations for the coming year ease to 4.8% in November

Tesla (TSLA) To Suspend Model Y Output In Shanghai In Last Week Of December – RTRS

12-8-2022

Thursday’s earnings reports: ORCL AVGO COST LULU DOCU CIEN MOMO FIZZ

Tesla (TSLA) sold 100,291 China-made cars in November – RTRS

Shanghai will remove Covid test requirement for dine-in and entertainment venues

12-7-2022

GameStop (GME) Third Quarter Earnings

Coinbase (COIN) CEO in a Bloomberg interview indicated that he expects Coinbase FY2022 revenue to be less than half of FY2021 revenue

Putin: “Russia considers nuclear weapons a response to an attack”

Putin: ‘Threat Of Nuclear War Is On The Rise’

Bank of Canada hikes interest rate by 50 bps to 4.25%

Morgan Stanley cuts quarterly (AAPL) iPhone production estimates by 3MM to 75.5MM

Here is why Smith & Wesson Brands (SWBI) is down 7% in pre-market trading

Wednesday’s earnings reports: GME CPB DSGX KFY THO UNFI

European Monetary Union Gross Domestic Product s.a. came in at 0.3% (QoQ) beating the expectations of 0.2% in the third quarter

12-6-2022

Tuesday’s earnings reports: AZO FERG MDB SWBI TOL

12-5-2022

US ISM Services PMI came at 56.5 in November above the expectations of 53.1. Previous reading at 54.4

Apple Inc. (AAPL) is looking to reduce its iPhone production exposure to China. – Wall Street Journal

Monday earnings reports: GTLB SUMO SAIC

Tesla (TSLA) Delivers First Semi Trucks to PepsiCo

12-1-2022

United States ISM Manufacturing PMI came in at 49 below the expectations of 50.0 in November

Thursday’s earnings reports: BIG DG KR AOUT CHPT

November ISM Manufacturing PMI will be released today. Expectations at 50; the previous reading was at 50.2

Germany Retail Sales came in at -5% well below the expectations of -2.8% in October

Mark Zuckerberg (META) Says Apple (AAPL) Holds Too Much Control Over App Ecosystem – WSJ

11-30-2022

Kraken Crypto Exchange to lay off 1100 employees – 30% of its workforce

Amazon (AMZN) announced record sales over the shopping period that began Thanksgiving Day and ended on Cyber Monday

Elon Musk says Fed must cut rates immediately to avoid a severe recession

11-29-2022

Elon Musk: Apple has threatened to withhold Twitter from its App Store

BlockFi files for Chapter 11 bankruptcy in New Jersey

Apple (AAPL) is down 1.80% in premarket trading after unrest at China factory

Monday’s earnings reports: LYFT UBER FVRR

11-25-2022

Tesla recalls more than 80,000vehocles in China over software and seatbelt issues

Russia’s Justice Ministry adds META Platforms to register of extremist organisations – Kommersant

11-24-2022

Beijing orders six million people into lockdown – Daily Mail Online

Beijing is going into lockdown – CGTN

German IFO Business Climate for November came at 86.3 above the estimates of 85.0. The previous reading was at 84.3

Swedish Central Bank, Riksbank Hike Rates by 75 Bps To 2.5% From 1.75% As Expected

11-23-2022

Amazon plans to invest $1 billion annually on theater movies

United States S&P Global Manufacturing PMI came at 47.6 below the expectations of 50 in November

Credit Suisse (CSGN) shareholders approved a CHF 4 billion capital raise

Deere’s (DE) third-quarter sales came at $15.54 billion beating the expectations of $13.44 billion. Deere EPS came at $7.44 well above the forecasts of $7.11

Wednesday’s earnings reports: DE RADA STG CHEK

11-22-2022

Sequoia Capital apologizes to investors and says they lost over $150 million on FTX investment

Dollar Tree (DLTR) sales came at $6.94 billion beating the consensus estimate of $6.84 billion, the EPS reported at $1.20 beating the forecasts of $1.18

Dick’s Sporting Goods (DKS) reported adjusted EPS of $2.60 topping the forecasts of $2.27, sales came at $2.959 billion above the expectations of $2.702 billion

Medtronic (MDT) sales came at $7.59 billion below the expectations of $7.70 billion, adjusted EPS came at $1.30, above the expectations of $1.28

Best Buy’s (BBY) Earnings per share reported at $1.38 topping the expectations of $1.03. Best Buy Revenue came at $10.59 billion beating the expectations of $10.31 billion

Analog Devices’ (ADI) revenue came at $3.248 billion beating the expectations of $3.150 billion

11-21-2022

Binance turns down investment in crypto lender Genesis which faces the threat of bankruptcy: Bloomberg

Goldman Sachs Research see EURUSD at 0.94 in 3 months and 0.97 in 6-months

Tuesday’s earnings reports: BHP MDT ADI VMW ADSK DLTR BIDU HPQ BBY WMG DKS JWN ANF

Genesis Crypto says it may have to declare bankruptcy without new funding

Today’s earnings reports: A DELL ZM SJM URBN

Disney DIS Jumps premarket as Bob Iger returns as CEO for two years

Goldman Sachs: sees Fed hiking another 125bp to a peak of 5-5.25% – don’t expect cuts in 2023.

Tesla recalls 321,000 U.S. vehicles over rear light issue – RTRS

11-18-2022

FED’S Collins: 75 Basis Points remain on the table

Tesla recalls nearly 30K vehicles due to airbag issue

Friday’s earnings reports: JD FL ACER SPB TWST

11-17-2022

Amazon CEO Andy Jassy said that the job cuts are expected to extend into 2023 – CNBC

Genesis Crypto lender seeks $1 billion emergency loan by Monday

Tesla reports two new fatal crashes involving driver assistance systems – RTRS

11-16-2022

BlockFi is preparing for imminent bankruptcy, after the FTX collapse

Amazon reportedly extends voluntary buyout offers to some employees

Crypto Lender Genesis Suspends Withdrawals

US Retail Sales rose by 1.3% in October above the expectations of 1%

Peloton expands relationship with Amazon in the UK and Germany

Wednesday’s earnings report: NVDA CSCO LOW TJX TGT GRAB HP

United Kingdom Consumer Price Index (YoY) registered at 11.1% above the expectations of 10.7% in October, The highest in 40 years

11-15-2022

Ukrainian President Zelenskiy: Russian Missiles Have Struck Poland – RTRS

Russian Defence Ministry: No Strikes Against Targets Near Ukraine-Poland Border Have Been Carried Out By Russian Weapons

Russian missiles crossed into Poland killing 2 – AP

Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York – Reuters

United States Producer Price Index came in at 8% (YoY) below the expectations of 8.3% in October

UK ILO Unemployment Rate rises to 3.6% in September above the expectations of 3.5%

Warren Buffet takes $5 billion stake in $TSMC, sparking rally in shares – BBG

11-14-2022

Google $GOOGL has agreed to pay $391.5 million to dozens of states over the company’s location-tracking practices – Sources

Monday’s earnings reports: TSN NU MNDY

Crypto com CEO Marszalek says having a very strong balance sheet, and will prove people wrong

Binance to Start Recovery Fund For Crypto Projects Facing Liquidity Crisis

11-12-2022

AAX crypto exchange is suspending withdrawals for up to 10 days due to a system upgrade

The Week Ahead 14/20-11-2022

CryptoCom token CRO is down 17% at a fresh historical low

11-12-2022

United States Michigan Consumer Sentiment Index came at 54.7, below the expectations of 59.5 in November

Tesla (TSLA) adds 43 Supercharger stations in the Chinese mainland in October

Earnings today: STET DICE VIVO HGEN CRKN

11-10-2022

Amazon Has Launched A Cost-Cutting Review Focused On Unprofitable Business Units – WSJ

United States Consumer Price Index came in at 7.7% (YoY) below the expectations of 8% in October

Why did FTX collapse?

Thursday’s earnings reports: AZN NIO TOST RL WIX

11-9-2022

Bitcoin Below 17,000!

Politico: EU to hit Meta with new antitrust charges

Wednesday’s earnings reports: RIVN RBLX TTD BMBL OLPX BYND

Meta platforms to cut over 11,000 employees (13% of total) and is set to extend the hiring freeze

Elon Musk sells Tesla shares worth $3.95 bln days after Twitter deal – RTRS

Crypto sell-off continues amid FTX collapse. Bitcoin -3.20% Ethereum -5.67% $FTT -20%

11-8-2022

AMC Entertainment (AMC) trades higher after the deal with Zoom Video Communications Inc. (ZM) to turn some of the movie-theater chain’s locations into so-called Zoom Rooms

There are reports that FTX may have halted withdrawals according to on-chain data

Tesla Recalls 40,000 U.S. vehicles over potential loss of power steering assist

BoE Chief Economist Pill: UK Economy Is Heading Into Recession

Tuesday’s earnings report: DIS OXY CEG DD AKAM PLUG RCM and AMC

11-7-2022

Palantir (PLTR) Third Quarter Earnings

Goldman Sachs cuts EURUSD forecast to 0.94 (3-month horizon), previous forecast was at 0.97

Netflix announces ‘Gears of War’ movie and animated series

DraftKings DKNG rebounds today after Friday’s sell-off

Apple down 1.09% at $136.90 in premarket

National Health Commission: China still faces a complex and severe Covid situation, and the government will keep the dynamic zero Covid policy

United Kingdom Halifax House Prices (MoM) came in at -0.4% below the expectations of 1.2% in October

Germany’s Industrial Production s.a. came in at 0.6% (MoM) topping the expectations of -0.8% in September

Monday earnings reports: PLTR TTM BNTX ATVI TTWO LYFT

Meta Is Preparing to Notify Employees of Large-Scale Layoffs Latter This Week – WSJ

Apple Trims New iPhone Output by 3 Million Units as Demand Cools

National Health Commission: China still faces a complex and severe Covid situation, will stick with dynamic zero Covid policy

11-4-2022

Friday’s earnings reports: BRK.A DUK D HSY CBOE DKNG FUBO

Chinese stocks rally amid speculation on easing Covid restrictions BABA NIO TCEHY JD

Italy October services PMI came in at 46.4 well below the forecasts of 48.5

Spain S&P Global Services PMI came at 49.7 topping the expectations of 48.3 in October

France’s Industrial Output (MoM) came in at -0.8%, beating the expectations of -1% in September

Germany Factory Orders n.s.a. came in at -10.8% (YoY) well below the expectations of -8.8% in September

11-3-2022

Block $SQ reported earnings of $0.42 per share beating the expectations of $0.23. Revenue came at $4.52 billion, also topping the expectations of $4.49 billion

Coinbase Global (COIN) reported Q3 earnings: The company missed estimates on revenue and earnings. Revenue came at $590.3 million well below the estimates of $649.15 million. Earnings per share came at -$2.43 below the expectations of -$2.12

Today’s earnings reports: AMGN PYPL SBUX CI MRNA MSI EXC SQ WBD GOLD DDOG K COIN NET DASH TWLO TEVA DISH CROX.

Norges Bank raised Interest Rate by 25 Bps at 2.5% below the expectations for a 50 Bps rise to 2.75%

Morgan Stanley (MS) to start lay offs from next week – RTRS

Switzerland Consumer Price Index came in at 3% (YoY) below the forecasts of 3.2% in October

Turkey’s Consumer Price Index came in at 85.51% (YoY) below the expectations of 85.6% in October

11-2-2022

Powell: ‘I don’t think we have overtightened’

Swiss National Bank’s Jordan: Cannot Rule Out More Rate Hikes To Ensure Price Stability

Elizabeth Warren says Amazon’s (AMZN) and Apple’s (AAPL) roles in the auto industry raise concerns

Today’s earnings reports: QCOM CVS HUM YUM ROK EBAY Z LUMN ROKU BKNG CLR CPK SAND HOOD

European Monetary Union S&P Global Manufacturing PMI came at 46.4 below the expectations of 46.6 in October

Spain S&P Global Manufacturing PMI came in at 44.7, well below the forecasts of 47.5 in October

Credit Suisse’s long-term rating was downgraded to BBB- from BBB, with a stable outlook by S&P Global Ratings

Tesla shuts former flagship store in Beijing in retail strategy shift – RTRS

Amazon freezes hiring levels in profitable advertising business

Amazon $AMZN hits the lowest level since April 3, 2020, as the earnings disappointment weighs on sentiment

Reserve Bank of Australia (RBA) hiked its policy rate by 25 basis points to 2.85% from 2.6% as expected

10-31-2022

Apple’s (AAPL) Online Store And Information Systems Chiefs Are Leaving

Today’s Earnings Reports: SYK ANET GPN ON AWK HOLX CAR

Eurozone Preliminary Inflation jumps to 10.7% ( YoY) in October well above the expectations of 9.8%

Eurozone Preliminary GDP expands 0.2% (QoQ) for the third quarter in line with expectations.

Crypto lender Hodlnaut lost $190 million in the Terra collapse – BBG

Spain’s Retail Sales came in at 0.1%, below the expectations of 1.1% in September

Missile strikes were reported across Ukraine including the capital Kyiv

28-10-2022

Tesla CEO Elon Musk is set to complete his acquisition of Twitter today

SEC has charged KimKardashian for unlawfully touting EthereumMax without disclosing the payment she received.

Turkey Producer Price Index (YoY) increased to 151.5% in September from the previous 143.75%.

Tesla in the third quarter, produced over 365,000 vehicles and delivered over 343,000 vehicles. Tesla will post its financial results for the third quarter of 2022 after market close on Wednesday, October 19, 2022

UK Prime Minister Liz Truss: ‘I am confident our plan will deliver’

Coinbase says it is “currently unable to take payments or make withdrawals involving US bank accounts.”

Emergency Fed meeting announced for Monday

9-30-2022

DBRS Morningstar Confirms France At AA, Stable Trend.

Biden says the US is prepared to defend “every single inch” of NATO territory.

Bowman (FED): US regulators need to coordinate on crypto oversight.

Apple’s offices in Korea reportedly raided by antitrust officials.

Porsche AG stock trades 0.92% higher at 83.26 in its second trading day.

Eurozone annual inflation hits 10% in September a record high.

United Kingdom Gross Domestic Product came at 4.4% (YoY) topping the expectations of 2.9% in 2Q.

9-29-2022

Mark Zuckerberg says Meta will freeze hiring and cut costs.

Apple Down 4.8% VP of Procurement Leaves The Company.

President Biden: US Will Never Recognize Russia’s Claims On Ukraine’s Sovereign Territory.

Mexican Central Bank Hikes Key Rate By 75bps To 9.25%.

United States EIA Natural Gas Storage Change came in at 103B, beating the expectations of 94B in September 23.

Porsche AG stock trades slightly higher from the IPO price at 82.92 euros in its market debut. Daily high at 86.78.

U.S. Army Research Lab Extends Contract With Palantir (PLTR) to Deliver Leading AI/ML Capabilities Across Department of Defense.

President Erdogan: Turkey rate cuts should continue. I suggest rate cuts in coming monetary policy meetings.

Spain’s budget Minister: Government to increase tax on capital gains above 200,000 Euros.

Italy 10-y Bond Auction increased to 4.7% from previous 3.46%.

Italy’s Producer Price Index (YoY) climbed from the previous 36.9% to 40.1% in August.

Porsche AG stock rise 2.6% to 84.88 euros in its market debut.

9-28-2022

Biden says Hurricane Ian should have a small, temporary impact on oil production.

Futures plunge in early morning trading.

EURUSD Hits fresh 20-year Lows at 0.9542.

IMF Says UK’s ‘Untargeted’ Fiscal Measures Will Likely Boost Inequality.

9-27-2022

Sweden’s Premier said Nord Stream leaks were probably a deliberate act.

US September consumer confidence 108.0 vs 104.5 expected, previous reading at 103.6.

Strong Rebound for cryptocurrencies Today.

Medvedev: We have the right to use nuclear weapons if necessary.

9-26-2022

Cryptocurrencies started the week on a positive foot: BTC: +1.20% at 19,073 – ETH: +1.44% at 1,312 – ADA: +0.94% at 0.43 – LTC: +0.38% at 52.30.

OECD: Global GDP is now projected to be at least USD 2.8 trillion lower in 2023.

Germany: IFO Business Climate Index drops to 84.3 in September well below the expectations of 87.1.

US Futures turn positive:Dow Jones +0.17% S$P 500: +0.14% Nasdaq: +0.25%.

Giorgia Meloni to become Italy’s prime minister as the center-right bloc heads for election victory.

EURUSD hits the lowest level in 20 years.

Goldman Sachs slashes its year-end target for the S&P 500 Index to 3,600 from 4,300.

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