The Bank of England will decide today to raise its base interest rate by 0.75%*.
The yuan against the dollar* updated the minimum since 22 January 2008 of the year.
Courses:
? Bitcoin – $20 710 (↑1,12%)
? S&P 500 – 3 876 (↑0,53%)
?? USD/RUB – 60,60 (↓1,86%)
?? USD/UAH – 36,88 (↑0,00%)
? Gold – $1 667 (↑0,99%)
⚫️ Oil Brent – $94,59 (↑0,49%)
⚡️ FED raised the stakes on 75 b. P.
The US regulator raised the key rate on 75 basis points, up to 3.75–4%. This is the fourth consecutive increase in 0,75 p.p.. The current rate level is the highest since December 2007 of the year.
This is the expected solution., he was expected 87,5% investors, according to CME FedWatch Tool. At the same time, many are waiting for signals from Fed Chairman Jerome Powell about a slowdown in rate hikes.. 45% investors are counting, that at the next meeting the indicator will be raised by 0,5 P. P. (49,2% sure, that the next step will also be 0,75 P. P.). The Fed will hold its last meeting of the year 14 December.
US stocks fall after Fed chief's speech
Following the results of yesterday's trading S&P 500 Lost 2,5%, Dow Jones — 1,5%, a high-tech Nasdaq dropped by 3,4%. All because, that at the Fed meeting, investors did not hear clear signals for easing US monetary policy in the near future. Regulator Chairman Jerome Powell, on the other hand, said, that inflation is still too high, And, probably, further rate hikes.
Asian stocks fall following Wall Street
Everything - because of the speech of the head of the Fed, who indicated: to fight inflation, the US regulator will raise interest rates to a higher level, than previously expected. Against this backdrop, the broad Asia stock index (excluding Japan) MSCI AC Asia ex Japan Index lost about 1,5%, Chinese CSI 300 dropped by 0,7%, while the Hong Kong Hang Seng and the South Korean Kospi fell by 2,8% And 0,6% respectively.
China to 'strongly adhere' to 'zero tolerance for COVID-19' policy
The National Health Commission of the People's Republic of China. The message appeared after, how rumors spread on Chinese social media on Tuesday and Wednesday that, that the country is exploring ways to move away from Covid Zero. Shares of many Chinese companies began to decline after the department's announcement.. For example, Shanghai Composite index, which takes into account the dynamics of all stocks, listed on the Shanghai Stock Exchange, lost order today 0,6%, and Shenzhen SZSE Component - -0,8%. Yesterday China reported 3133 new cases of COVID-19 infection, which was the highest figure in more than two months.
Demand for nickel will quadruple by 2050 year
This opinion is shared by the head of the world's largest mining company BHP Group, Jess Farrell.. All because, what through 30 years of electric vehicles, according to Farrell, will almost completely replace traditional machines. Now, entrepreneur noted, about 85% nickel sulfate, produced at one of the company's refineries, goes to the battery sector, while six years ago this share was only 10%. The head of BHP Group explained such dynamics with a number of agreements, which the company has signed in recent years with major car manufacturers, like Tesla , Toyota and Ford , on the supply of large quantities of nickel.
- American ETF attracted almost $500 billion. dollars this year, despite market volatility.
- IN 2022 year, the SEC collected fines on $6,4 billion
- Russia returned to the grain deal, UN satisfied
- Ministry of Defense of Turkey: the first six ships left the Ukrainian ports after the resumption of the grain deal.
- Raiffeisen Bank's profit in Russia for January-September increased in 4 times — up to 1,4 billion euros.
- wild berries 9 months increased turnover by almost 2 times - to record 1,1 trillion rubles
- Tinkoff Bank received the right to issue UnionPay cards, however, cards are not issued for customers yet.
- Erdogan reported, that in negotiations with Putin he discussed the entry of Russian agricultural products to the markets, Somalia and Sudan will receive it at the first stage.
Gas:
- European Commission: Norway is now the largest supplier of natural gas to the EU, in second place USA.
- Gas prices in Europe have exceeded $1400 per thousand cubic meters, grow by almost 9%.
- The average rate of injection into underground gas storage facilities of the European Union for the month decreased by 16%.
- German Uniper announced a complete cessation of gas supplies from Russia.
Oil:
Sunak plans to extend the tax on excess profits of oil and gas companies until 2028 year and increase its rate from 25% to 30% to attract to the budget 40 billion. Pounds.
Promotions:
- Instagram* will let you create your own NFTs, which can be sold to subscribers.
- Musk plans to cut half the staff at Twitter, to cut costs.
- For the last 10 years Apple bought back shares on $549 billion, which exceeds the market capitalization 494 companies from S&P 500.
- Amazon for the first time since 2020 dropped out of the list of companies with a capitalization greater than $1 trillion, after the share price declined 5.5% on Tuesday
- Tesla closes its flagship showroom in China. Tesla owns and operates more than 200 outlets throughout the country, who demonstrate models and arrange test drives for potential buyers.
eBay
eBay's net loss in January-September amounted to 1,941 billion dollars after profits in 11,639 billion dollars a year ago.
The company's revenue for January-September decreased by 6,7% - to 7,285 billion dollars.
Airbnb (ABNB):
yesterday -13.4%
after the publication of a weak forecast for revenue in the fourth quarter.: $1.80-$1.88 billion.
BP reports profit more than doubled
- The company's profit rose to $8,15 billion in the third quarter compared to last year. Achievement was facilitated by active trade in natural gas.
- BP will also buy back shares on $2,5 bn after buyback $7,6 billion this year. The company is committed to using 60% its excess cash flow for shareholder returns.
- BP shares rose by more than 45% this year thanks to higher oil and gas prices, but they have lagged shares of Shell and US rivals ExxonMobil and Chevron.
Katie Wood trusted Elon Musk
Businessman, in her opinion, will turn Twitter into a "super app", and then the microblogging network will be like WeChat Pay, the digital payment service of the Chinese messenger WeChat, owned by China's Tencent . Ark Invest founder's opinion on the possible future of Twitter came along with reports that, that the company in the near future may expect a reduction in staff by 50%. Sources familiar with the plans told CNBC News about it..
Cryptocurrency:
- Opinion: the new BTC hashrate record is associated with the inclusion of the first cryptocurrency of oil companies in the production
- Deribit crypto exchange hacked $28 million, deposit and withdrawal of funds are stopped
- Crypto companies Galaxy Digital, BitMEX and Digital Currency Group to be fired 20%, 30% And 10% employees
- MicroStrategy reported losses from the depreciation of assets in Bitcoin in the amount of $727 thousand.
Moscow Exchange and St. Petersburg Exchange published their results
❗️Mosbirzha will not hold auctions 4 november.
? Moscow Exchange publishes 3Q IFRS report:
Net profit - 8,71 RUB billion. (+29,3% to the third quarter 2021 G.)
Fee income — 8,92 RUB billion. (-14,3% y / y);
EBITDA — 11,9 RUB billion. (+27,5% y / y).
Marketplace explained, that the decrease in fee and commission income is associated with a decrease in the volume of transactions of non-residents and the prices of ruble assets.
Trading in foreign shares on “SPB exchange” in October fell by 58 percent - up to 2,5 billion dollars.
The top ten in terms of turnover included:
◼️ Tesla (10,04%)
◼️ Coinbase (5,02%)
◼️ Alibaba (4,26%)
◼️ NVIDIA (3,90%)
◼️ Marathon Digital Holdings (2,50%)
◼️ Netflix (2,42%)
◼️ Apple (2,11%)
◼️ Li Auto (2,09%)
◼️ Advanced Micro Devices (1,9%) and banned in Russia as an extremist organization Meta Platforms (1,8%).
Top 5 leaders in terms of trading volume in the group “Hong Kong securities” on the St. Petersburg Exchange based on the results of October*:
Alibaba – 39.9%
JDcom – 10.6%
Li Auto – 9.4%
Xiaomi – 6.3%
Baidu – 6.0%
What Fed Chairman Jerome Powell said:
– At some point it will become necessary to slow down the pace of rate hikes.
– The final rate will be higher, than previously expected.
– Time to slow rates could come as early as December 2022 or February 2023.
– The size of the Fed rate hike will depend on macro data from various areas of the economy.
– At the moment, the fight against inflation has not greatly affected the economy.
– Higher rates possible, based on inflation rate.
– Decided to slow down rates.
– But for that, inflation must fall..
– The question of the pace of rate increases is not so important, like a ceiling.
– At the meeting, we will discuss a smaller rate increase in December.
– No clear understanding, when inflation slows down.
– If we go too far, then we can use the tools, which are at our disposal.
– It's premature to think about a pause in rate hikes.
– At this meeting, we discussed, need to slow down rate hikes, but didn't decide when, maybe in december.
– If we raise the stakes too much – we will bring them down, but if the rate hike is not enough – it's a problem.
– If we don't bring down inflation, then it will take root.
– The labor market is still strong, vacancies in abundance.
– In the housing sector, we returned to pre-crisis levels.
– Strong dollar – this is a problem in some countries.
– We take everything into account in our strategy.
– US financial stability – it's good for the global economy!
JDcom (JD): rating “buy” от Morgan Stanley:
goal: $55.00
pre-target: $80.00
the change: -31.2%
potential: +45.3%
date: 31.10.2022
date price: $37.86
justification: despite, that the September online retail sales of goods in China exceeded market expectations, e-commerce is becoming a more mature industry, and industry growth will inevitably slow down in 2023 year and beyond. New consensus on valuation of Chinese e-commerce stocks could be well below their historical levels.
Barclays:
Geopolitical risks have worsened in recent days:
– The Minister of Defense of the Russian Federation said, that Ukraine can detonate a dirty bomb.
– The US Secretary of Defense called it a "pretext for Russian escalation" and rejected the claim..
– The President of Ukraine warned, that Russia is preparing pretexts for the explosion of low-yield nuclear weapons.
Recently, the war of words has escalated and increased the risks, as Russia warned of an "uncontrolled escalation" of the conflict in Ukraine.
