Hello getquin,
today we have the ECB, inflation in the US and strikes in South Korea! Remember the challenge for this week and tag diligently @MarketNewsUpdate .
The new theme is:โก ๐ด๐๐๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐ฑ๐๐๐๐๐๐โก
๐๐๐ฟ๐ผ๐ฝ๐ฎ๐:
1. ๐๐ก๐ ๐ฃ๐ฆ๐ด๐ตรค๐ต๐ช๐จ๐ต ๐๐ญรค๐ฏ๐ฆ ๐งรผ๐ณ ๐ฆ๐ณ๐ด๐ต๐ฆ ๐ก๐ช๐ฏ๐ด๐ฆ๐ณ๐ฉรถ๐ฉ๐ถ๐ฏ๐จ ๐ด๐ฆ๐ช๐ต 11 ๐๐ข๐ฉ๐ณ๐ฆ๐ฏ
The European Central Bank refrained from raising interest rates Thursday, but confirmed plans for a hike next month to fight inflation.
The bank announced it will raise borrowing costs by 25 basis points in July - its first rate hike in more than a decade - and said a larger increase could follow in September "if the medium-term inflation outlook persists or worsens."
"Inflation is undesirably high and is expected to remain above our target level for some time," ECB President Christine Lagarde said at a press conference.
More on the plans: https://cnn.it/3aUqwck
๐๐บ๐ฒ๐ฟ๐ถ๐ธ๐ฎ ๐:
2. ๐๐ฏ๐ง๐ญ๐ข๐ต๐ช๐ฐ๐ฏ ๐ช๐ฏ ๐ฅ๐ฆ๐ฏ ๐๐๐ ๐ด๐ต๐ฆ๐ช๐จ๐ต
Consumer prices in the U.S. increased in May as gasoline prices reached record highs and the cost of services continued to rise. This suggests that the Federal Reserve may continue its 50 basis point rate hikes through September to combat inflation.
The consumer price index rose 1.0% last month after rising 0.3% in April, the Labor Department said on Friday. Economists polled by Reuters had expected a 0.7% monthly increase in the CPI. Gasoline prices skyrocketed in May, averaging $4.37 per gallon, according to AAA data.
Click here to read the article: https://reut.rs/3aHQxLK
๐๐๐ถ๐ฒ๐ป ๐:
3. ๐๐ต๐ณ๐ฆ๐ช๐ฌ๐ด ๐ช๐ฏ ๐รผ๐ฅ๐ฌ๐ฐ๐ณ๐ฆ๐ข ๐ด๐ฆ๐ต๐ป๐ต ๐จ๐ญ๐ฐ๐ฃ๐ข๐ญ๐ฆ ๐๐ช๐ฆ๐ง๐ฆ๐ณ๐ฌ๐ฆ๐ต๐ต๐ฆ๐ฏ ๐ฆ๐ณ๐ฏ๐ฆ๐ถ๐ต ๐ถ๐ฏ๐ต๐ฆ๐ณ ๐๐ณ๐ถ๐ค
With their days-long strike over high fuel prices, South Korean truck drivers have added to the strain on the world's already strained supply systems. At the port of Busan - which handles 80 percent of the export nation's shipping cargo - container traffic dropped to a third of normal levels Friday.
For the fourth straight day of strikes, it was just 20% at Incheon, while container traffic came to a complete halt at the port of Ulsan, the country's industrial heartland. Production at Hyundai's main plant had already been curtailed, and other companies, including steel giant Posco, had complained of delivery delays.
More on the strikes here: https://bit.ly/3zwMtbE
๐ค๐๐ฎ๐ฟ๐๐ฎ๐น๐๐๐ฎ๐ต๐น๐ฒ๐ป:
DocuSign $DOCU (-1.94%)
DocuSign posted 25% year-over-year revenue growth, but investors are increasingly concerned about profitability.
The stock fell later in the trading session, continuing its downward trend for the year.
EPS: ๐ฉ $0.46 expected vs $0.38 published; difference: -17.7%.
Revenue: ๐ฉ $581.85 million expected vs $588.69 million published; variance: 1.18%
๐ฆ๐๐ผ๐ฐ๐ธ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฑ๐ฎ๐:
๐ฉ TOP $9901 (-2.44%) , 15,70 โฌ (๐ผ +13,77%)
๐ฅ FLOP $DOCU (-1.94%) , 64,53 โฌ (๐ฝ -21,75%)
๐ฅ Most searched $AMZN (-2.39%) , 105,38 โฌ (๐ฝ -3,90%)
๐ฅ Most traded $AMZN (-2.39%) , 105,38 โฌ (๐ฝ -3,90%)
๐ฅ S&P500, 3,919.76 (๐ฝ -2.44%)
๐ฅ DAX, 13,753.06 (๐ฝ -3.14%)
๐ฅ $BTC (-1.08%) โฟ, 28.087,65 โฌ (๐ผ +0,83%)
Time: 17:00 CEST
๐๐๐ป ๐๐ฎ๐ฐ๐:
Germany stashes second-largest gold hoard
More than two-thirds of Germany's foreign reserves are stored in the form of gold bullion. About half of the total of 3,378 tons is stored in the cellars of the Bundesbank in Frankfurt, the rest in the treasuries of the central banks of London and New York. Incidentally, only the U.S. gold reserve is heavier. It weighs more than 8,000 tons.