𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟬𝟲.𝟬𝟱.𝟮𝟬𝟮𝟮
Hello getquinners!
Bitcoin to the moon?🚀 Last night’s drop might say otherwise*
(* we say nothing because we are not financial advisors, and our content is NOT financial advice)
𝗘𝘂𝗿𝗼𝗽𝗲🌍:
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 EU’s 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.
🟩 Oil (Brent Crude), $112.93/barrel (🔼+1.70%)
More on this: https://reut.rs/3LQfDFP
𝗔𝘀𝗶𝗮🌏:
2. Chinese EV NIO turns to Asian stock exchanges
The Chinese EV manufacturer NIO $NIO (-4.85%) 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 “homecoming listings”, with giants such as Alibaba joining the HKSE.
🟥 $NIO (-4.85%) NIO In, $15.38 (🔽-0.13%)
Interested in electric vehicles? https://tcrn.ch/3w6Uocp
𝗪𝗼𝗿𝗹𝗱🌎🌏🌍:
3. Bitcoin falls sharply
Bitcoin $BTC (-0.17%) 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 (-0.17%) 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 Fed’s interest rate hike, and crypto has remained positively correlated to the equity markets.
🟥 $BTC (-0.17%) Bitcoin, $36,103.20 (🔽-1.19%)
Want to read more about this? https://cnb.cx/3FqglYk
𝗦𝗽𝗲𝗰𝗶𝗮𝗹: 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲 𝗵𝗶𝗸𝗲
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 “not actively considering” 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 Fed’ aggressive monetary tightening.
Source: https://on.wsj.com/3KP1jMM
𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗰𝗮𝗹𝗹𝘀🔔:
1. Shopify $SHOP (-1.53%)
🟥 Revenue: €1.2bn vs €1.24bn 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)
2. $ETSY (+0.77%)
🟩 EPS: $0.92 vs $0.76 expected (+20.83%)
🟩 Revenue: $579.27bn vs $579.27 expected (+0.79%)
3. $ING (-0.32%)
🟩 EPS: €0.11 vs €0.08 expected (+45.99%)
🟩 Revenue: €4.6bn vs €4.58bn expected (+0.49%)
4. $EBAY (-1.06%)
🟩 EPS: $1.05 vs $1.03 expected (+1.61%)
🟩 Revenue: $2.48bn vs $2.46bn expected (+0.87%)
𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:
🟩 TOP, $NRG (+2.33%) NRG Energy Inc (🔼+7.74%)
🟥 FLOP, $UA (-2.16%) Under Armour Inc (🔽-23.48%)
🟥 Most searched, $ALV (-0.94%) Allianz (🔽-1.84%)
🟥 Most traded, $DPW (-0.38%) Deutsche Post (🔽-2.35%)
🟥 S&P500 (🔽-0.54%)
🟥 DAX (🔽-2.12%)
🟥 $BTC (-0.17%) Bitcoin ₿, $36,103.20 (🔽-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
