Ahh_gee_Joey
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Last week, US technology stocks experienced a serious setback, causing the NASDAQ and S&P 500 indices to fall for six consecutive days. The NASDAQ index fell by more than 5% throughout the week, and the S&P 500 index fell more than 3% in a week. This is the biggest weekly decline since the Bank of Silicon Valley went out of business. Meanwhile, the Dow Jones Industrial Average reversed the market and rose two times in a row.
Chip stocks in particular, Nvidia plummeted 10% in a week, the biggest weekly decline in four years, while the “demon stock” Ultra Micro (SMCI) in the AI sector also plummeted 23%. Netflix fell 9% after the earnings report was released, the biggest drop in more than two years. In addition, Tesla cut prices in various markets around the world, and its stock price fell 14% throughout the week, including price adjustments for its fully automated driving (FSD) package in the US and Canada, which fell by more than 30%.
Furthermore, geopolitical risks in the Middle East have eased, which has led to a decrease in demand for safe-haven assets such as US bonds, and ten-year US bond yields have rebounded slightly after experiencing a dive. The US dollar index turned lower, while the yen regained all previous gains. Gold showed mixed performance in the midst of fluctuations, while Bitcoin briefly rebounded nearly $6,000 after falling below $60,000 in the intraday period.
In the energy market, crude oil prices rose for a while and then fell, but eventually closed up slightly, falling at least 3% throughout the week. Furthermore, the Federal Reserve notes in its Financial Stability Report that inflation is still the biggest risk right now, while pointing out that the leverage ratio of hedge funds has reached its highest level since 2013. In the commodity market, the price of tin in London rose by nearly 5%, creating a new figure in nearly two years...
Chip stocks in particular, Nvidia plummeted 10% in a week, the biggest weekly decline in four years, while the “demon stock” Ultra Micro (SMCI) in the AI sector also plummeted 23%. Netflix fell 9% after the earnings report was released, the biggest drop in more than two years. In addition, Tesla cut prices in various markets around the world, and its stock price fell 14% throughout the week, including price adjustments for its fully automated driving (FSD) package in the US and Canada, which fell by more than 30%.
Furthermore, geopolitical risks in the Middle East have eased, which has led to a decrease in demand for safe-haven assets such as US bonds, and ten-year US bond yields have rebounded slightly after experiencing a dive. The US dollar index turned lower, while the yen regained all previous gains. Gold showed mixed performance in the midst of fluctuations, while Bitcoin briefly rebounded nearly $6,000 after falling below $60,000 in the intraday period.
In the energy market, crude oil prices rose for a while and then fell, but eventually closed up slightly, falling at least 3% throughout the week. Furthermore, the Federal Reserve notes in its Financial Stability Report that inflation is still the biggest risk right now, while pointing out that the leverage ratio of hedge funds has reached its highest level since 2013. In the commodity market, the price of tin in London rose by nearly 5%, creating a new figure in nearly two years...
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Ahh_gee_Joey
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Malaysia crude palm oil futures $Crude Palm Oil Futures(JUL4)(FCPOmain.MY$ fell more than 8% last week and I want to see how will it affects Malaysia plantation stocks by referring to the Bursa Plantation Index $Bursa Plantation(0025I.MY$
$Crude Palm Oil Futures(JUL4)(FCPOmain.MY$ Daily Chart
FCPO had been in a long sideway range between RM3190-RM4500 since the price normalization in Jun 2022. The prices tested to break above RM4500 sideway hig...
$Crude Palm Oil Futures(JUL4)(FCPOmain.MY$ Daily Chart
FCPO had been in a long sideway range between RM3190-RM4500 since the price normalization in Jun 2022. The prices tested to break above RM4500 sideway hig...
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Ahh_gee_Joey
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BHP released their production results for the nine months ending on the 31st of March, as well as their results for the first quarter of 2024.
Their strongest production was copper, which was increased by 7% with an output of 465.9kt. This was due to improvements in production in Copper South Australia (up 49%) and Escondida mines.
Coal was also up quarter on quarter, despite this, BHP decreased their production expectations an...
Their strongest production was copper, which was increased by 7% with an output of 465.9kt. This was due to improvements in production in Copper South Australia (up 49%) and Escondida mines.
Coal was also up quarter on quarter, despite this, BHP decreased their production expectations an...
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Ahh_gee_Joey
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It’s 3 years, 1 month and 1 week since moomoo’s official launch in Singapore and I’m thrilled to hear moomoo has reached the milestone of 1 million users in Singapore!
As a long-time user of iPhones and iPads, I was first drawn to sign up with moomoo because of the free share $Apple(AAPL.US$ it was offering. Opening an account was quick and convenient. After signing up, I discovered the mobile app had many functionalities missing from tradition...
As a long-time user of iPhones and iPads, I was first drawn to sign up with moomoo because of the free share $Apple(AAPL.US$ it was offering. Opening an account was quick and convenient. After signing up, I discovered the mobile app had many functionalities missing from tradition...
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Ahh_gee_Joey
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We are offering our users a free 3 month trial of NASDAQ's TotalView data!
If you aren't familiar with TotalView, it displays the full order book depth from NASDAQ and is 20x more liquid than Level 2 market data.
If you enjoy your trial, you can pay to extend, if not, then you got to try it for free!
Click the link to register. The trial period starts on the 1st of May and ends on the 31st of July.
If you aren't familiar with TotalView, it displays the full order book depth from NASDAQ and is 20x more liquid than Level 2 market data.
If you enjoy your trial, you can pay to extend, if not, then you got to try it for free!
Click the link to register. The trial period starts on the 1st of May and ends on the 31st of July.
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$BHP Group Ltd(BHP.AU$
BHP Group, the world's largest miner, is undergoing a significant global restructuring, impacting various aspects of its operations, from mine planning to sustainability efforts. The restructuring, led by CEO Mike Henry, aims to streamline operations and reduce costs. The company has already begun shedding jobs in Australia as part of these changes.
BHP stated that the restructuring aims to improve work alignment and fac...
BHP Group, the world's largest miner, is undergoing a significant global restructuring, impacting various aspects of its operations, from mine planning to sustainability efforts. The restructuring, led by CEO Mike Henry, aims to streamline operations and reduce costs. The company has already begun shedding jobs in Australia as part of these changes.
BHP stated that the restructuring aims to improve work alignment and fac...
$Rio Tinto Ltd(RIO.AU$
Rio Tinto’s underlying profit for the financial year exceeded estimates, reaching $11.8 billion against the estimated $11.66 billion.
The final dividend per share stood at $2.58.
The underlying Ebitda also beat estimates, registering at $23.9 billion compared to the estimated $23.85 billion.
However, net income fell short of estimates, totalling $10.06 billion against the projected $11.15 b...
Rio Tinto’s underlying profit for the financial year exceeded estimates, reaching $11.8 billion against the estimated $11.66 billion.
The final dividend per share stood at $2.58.
The underlying Ebitda also beat estimates, registering at $23.9 billion compared to the estimated $23.85 billion.
However, net income fell short of estimates, totalling $10.06 billion against the projected $11.15 b...
$Lynas Rare Earths Ltd(LYC.AU$ $Silver Lake Resources Ltd(SLR.AU$ $Appen Ltd(APX.AU$ $4DS Memory Ltd(4DS.AU$ $Pilbara Minerals Ltd(PLS.AU$ $BHP Group Ltd(BHP.AU$ $National Australia Bank Limited Sponsored ADR(NABZY.US$ $Bank of America(BAC.US$
The Reserve Bank of Australia (RBA) is anticipated to maintain interest rates at a 12-year high, focusing on policy changes during its first meeting of the year.
Economists expect the RBA to keep the cas...
The Reserve Bank of Australia (RBA) is anticipated to maintain interest rates at a 12-year high, focusing on policy changes during its first meeting of the year.
Economists expect the RBA to keep the cas...
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