๐ด๐ฒ๐๐พ๐๐ถ๐ป ๐๐ฎ๐ถ๐น๐ ๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐ ๐ฌ๐ฒ.๐ฌ๐ฑ.๐ฎ๐ฌ๐ฎ๐ฎ
Hello getquinners!
Bitcoin to the moon?๐ Last nightโs drop might say otherwise*
(* we say nothing because we are not financial advisors, and our content is NOT financial advice)
๐๐๐ฟ๐ผ๐ฝ๐ฒ๐:
1. EU tweaks Russia oil sanctions plans
In a bid to win over reluctant states, the European Commission has proposed changes to its planned embargo on Russian oil. Following the EUโs announced plans earlier this week, Hungary and other member states expressed concerns of impact on their own economies, however this adjustment allows some countries to upgrade their oil infrastructure.
๐ฉ Oil (Brent Crude), $112.93/barrel (๐ผ+1.70%)
More on this: https://reut.rs/3LQfDFP
๐๐๐ถ๐ฎ๐:
2. Chinese EV NIO turns to Asian stock exchanges
The Chinese EV manufacturer NIO $NIO (-2%) is planning on listing its shares in Singapore, making it the third listing, following a secondary listing in Hong Kong earlier this year. This comes amid heightening geopolitical tensions between China and the USA. The US Securities Exchange Commission added over 80 companies to a list of (mostly Chinese) companies facing expulsion from US exchanges, and there has been a wave of โhomecoming listingsโ, with giants such as Alibaba joining the HKSE.
๐ฅ $NIO (-2%) NIO In, $15.38 (๐ฝ-0.13%)
Interested in electric vehicles? https://tcrn.ch/3w6Uocp
๐ช๐ผ๐ฟ๐น๐ฑ๐๐๐:
3. Bitcoin falls sharply
Bitcoin $BTC (+0.59%) took a massive hit, as there was a major stock sell-off in the US, causing a subsequent shock to the cryptocurrency market. This morning, $BTC (+0.59%) was down 8.6% according to Coin Metrics. Other crypto, such as $ETH and $XRP were negatively affected, with $126 billion wiped off the cryptocurrency market. Tech-heavy index Nasdaq fell by nearly 5%, following the Fedโs interest rate hike, and crypto has remained positively correlated to the equity markets.
๐ฅ $BTC (+0.59%) Bitcoin, $36,103.20 (๐ฝ-1.19%)
Want to read more about this? https://cnb.cx/3FqglYk
๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ฎ๐น: ๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐ ๐ฟ๐ฎ๐๐ฒ ๐ต๐ถ๐ธ๐ฒ
The US Federal Reserve has announced the biggest interest rate hike in more than two decades to increase their fight against high inflation. The Fed said it is raising rates by half a percentage point, following a smaller increase in March. While inflation is at a 40 year high, further increases are expected. This push is the latest attempt to curb rising costs affecting households across the world.
Major stock indices rose after Fed Chairman Jerome Powell is โnot actively consideringโ raising interest rates in three-quarter percent increments, with tech stocks posting the biggest initial gains. However, US stocks then fell sharply as investors assessed the impact of the Fedโ aggressive monetary tightening.
Source: https://on.wsj.com/3KP1jMM
๐๐ฎ๐ฟ๐ป๐ถ๐ป๐ด๐ ๐ฐ๐ฎ๐น๐น๐๐:
1. Shopify $SHOP (+1.1%)
๐ฅ Revenue: โฌ1.2bn vs โฌ1.24bn expected (-0.38%)
*EPS data is not yet published
E-Commerce Shopify remains behind expectations with their earnings report, and joins Amazon, eBay, Zalando and Etsy. The platform is one of the post-pandemic losers.
Article: [https://bit.ly/3sg9ZFk](https://bit.ly/3sg9ZFk)
๐ฉ EPS: $0.92 vs $0.76 expected (+20.83%)
๐ฉ Revenue: $579.27bn vs $579.27 expected (+0.79%)
3. $ING (-3%)
๐ฉ EPS: โฌ0.11 vs โฌ0.08 expected (+45.99%)
๐ฉ Revenue: โฌ4.6bn vs โฌ4.58bn expected (+0.49%)
๐ฉ EPS: $1.05 vs $1.03 expected (+1.61%)
๐ฉ Revenue: $2.48bn vs $2.46bn expected (+0.87%)
๐ฆ๐๐ผ๐ฐ๐ธ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฑ๐ฎ๐:
๐ฉย TOP, $NRG (+1.26%) NRG Energy Inc (๐ผ+7.74%)
๐ฅ FLOP, $UA (+1.68%) Under Armour Inc (๐ฝ-23.48%)
๐ฅ Most searched, $ALV (-0.26%) Allianz (๐ฝ-1.84%)
๐ฅย Most traded, $DPW (+0.56%) Deutsche Post (๐ฝ-2.35%)
๐ฅ S&P500 (๐ฝ-0.54%)
๐ฅ DAX (๐ฝ-2.12%)
๐ฅ $BTC (+0.59%) Bitcoin โฟ, $36,103.20 (๐ฝ-1.19%)
Time: 17:00 CEST
An organisation in India has developed a pioneering model, which works together with local communities, in order to protect the snow leopards in 12 countries, including India, Pakistan and Afghanistan. Among other things, the association has introduced insurance schemes to compensate herders if they lose their livestock to snow leopards - a measure designed to reduce retaliatory killings.
More positive news to get your weekend off to a good start: https://bit.ly/3w8zmdw
