Elon Musk sells $6.9 billion in Tesla shares

Elon Musk sells $6.9 billion in Tesla shares, Twitter is exposed to technical problems, and Meta raises $10 billion from bond offerings.
Elon Musk, a businessman and billionaire,decided to sell shares in his company,
“Tesla” at a faster pace than before, and the total number of sales reached 7.92 million shares on August 5,
valued at $6.9 billion, and Musk commented on his decision to sell shares due to his desire to avoid selling shares.
The electric car maker is at the last minute,
and that too in case it is forced to go ahead with its Twitter acquisition.
It is worth noting that during the past ten months, Musk sold $32 billion of Tesla shares,

bringing his total stake as the largest shareholder to 14.84%.

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Twitter announces that technical problems have been fixed

Oil falls after data on crude stockpiles increase.

Gold is falling from the highest peak and the dollar is awaiting waiting for inflation data.

Twitter announces that technical problems have been fixed

Twitter was exposed to technical problems that led to a disruption
in its services to thousands of users around the world,
but in the end the company was able to fix the problems
“Twitter” stated in a tweet: We fixed the problem
we made a change to the internal systems
but things did not go as planned, so we retracted it,
you can access Twitter now as expected, we are sorry for the malfunction
The site had received complaints from 32,000 users about facing difficulties
when using the social networking platform,
and the platform was also subjected to a technical failure last July,
which lasted for three hours after its internal systems were exposed to some problems.

Meta raises $10 billion

The legal battle between Twitter and businessman Elon Musk is still continuing
after the decision to withdraw from the $44 billion acquisition of the company.

But by asking “Mask” about the deal and its implementation,
he stated that he really wants to complete the deal,
and he sold shares in his company,
“Tesla,” with the need to buy them back in case the Twitter acquisition failed.

In the first offering of the company, “Meta Platforms”,
which owns Facebook: that it was able to raise 10 billion dollars in exchange for bonds,
and it seeks to finance the repurchase of shares and investments to restructure its activity,
knowing that the company is the only one among the major technology companies that do not have debts.

It was not “Meta” alone that issued bonds, but giant technology companies such as “Apple” and “Intel”,
which raised $5.5 billion and $6 billion, respectively.

Oil falls after data on crude stockpiles increase.

At the beginning of trading today, Wednesday,
oil prices fell after the release of US energy stocks data,
which came with an increase in crude oil stocks in the country.

And with the Russian announcement yesterday regarding the interruption of oil supplies to Europe,
which caused an increase in oil prices to increase fears of a lack of supply,
but the data was the reason for the rise in oil prices after
the release of data from the Petroleum Institute
and expectations of the US Energy Administration information,
and this comes in light of the economic recession that the world is experiencing

The reports issued by the US Energy Information Administration indicated
that the global demand for oil was expected to be 2.08 million barrels per day only,
after it had fallen from 2.23 million barrels per day in the previous forecasts,
causing an increase in fear of a shortage in demand for crude oil.

And a member of the US Federal Reserve in St. Louis, James Bullard,
also stated that the Federal Reserve is ready to raise interest rates at a faster pace during the coming period,
in light of the high and increasing inflation,
and this may increase the possibility of an economic recession.

Bullard also confirmed that the US Federal Reserve and its intention
to reach interest rates at 3.75% by the end of this year has changed to 4%,
in response to economic data with the stability of high inflation strongly,
which in turn negatively affects oil prices.

US oil inventories witnessed an increase of about 2.2 million barrels last week on August 5,
and expectations indicate an increase in crude inventories by about 100,000 barrels.

Today, we await the consumer price index report,
which is scheduled to be released at 12:30 GMT,
to determine the extent of the severity of the US reserves
to a quarter of interest rates in the coming months

Gold is falling from the highest peak and the dollar is awaiting waiting for inflation data.

Today, markets are awaiting the release of US consumer price data,
an indicator that determines where inflation goes in the largest economy in the world,
and in light of this, gold prices fell from the highest recorded peak during yesterday’s trading of $1800 an ounce,
but it is still intact, and at the same time,
the US dollar is awaiting data In order to try to test the highest peak in 20 years again.

With inflation data approaching today,
investors are waiting for them to determine the current state of the US economy.

Market analysts believe that in the event that inflation is stronger
than expectations after we saw a strong jobs report last week,
this will lead to lower expectations regarding the interest rate cut for the next year,
which in turn will have a negative impact on gold prices.

Economists’ expectations, also in “Reuters”,
indicate that annual inflation in the United States will decline to 8.7% in July,
after it was at 9.1% in June, and core inflation expectations are to reach 0.5%.

In the New York Fed survey for July,
it showed a decline in inflation expectations for the next year 2023 to 6.2% from 6.8% expected in June,
while expectations for the next three years fell to 3.2% from 3.6% in June.

The only threat now to the rise of gold is the slowdown of Fed officials in the face of stubborn inflation,
which reached its highest level in 40 years,
with voices supporting tightening last Friday after the release of positive employment data.

And gold futures contracts for December delivery recorded a decline to $ 1806 an ounce, by 0.33%.
And immediate delivery prices fell to $ 1789 an ounce, by 0.27%,
after reaching the highest peak since July 5 at $ 1,800 an ounce.

Silver futures contracts for September delivery also recorded a decline to $ 20.36 an ounce
While the US dollar index settled at 106 points.

artıcal name Elon Musk sells $6.9 billion in Tesla shares,

Bitcoin’s declines cause “Tesla”

Bitcoin’s declines cause “Tesla”, “Microstrategy” and “Block” to lose 5 billion dollars

The acquisition of Bitcoin by “Tesla,” “Microstrategy,” and “Block” in the second quarter of this year
resulted in a paper loss estimated at $ 5 billion
a significant blow to some of the top firms in the world.
This is because the price of the digital currency fell by 59 percent.

These losses happened because certain businesses relied on holding assets like
short-term treasury bonds and cryptocurrencies,
which the three companies did and held,
to store some liquidity.
Contrary to Tesla,

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in focus

“ JP Morgan “ forecasts a 75% US recession.

in focus

which decided to sell up the majority of its cryptocurrency holdings in the second quarter
and thus saw a fall in its profitability, Bitcoin, “Microstrategy,”
and “Block” still fully possess their respective portions of the encrypted currency.

The three companies were exposed to additional losses as a result of high inflation,
the increase in interest rates and expectations of a recession, as the share price of “Tesla” fell by 30% during the current year,
and “Microstrategy” and “Block” companies lost nearly half of their value.

Early in 2021, Tesla invested the equivalent of $1.5 billion in bitcoin,
which it immediately sold off, with 75% of its investors unsure of
when the COVID-related closures in China will end. Elon Musk argued at the time in Shanghai
that cryptocurrencies are beneficial and a method to win over conventional financiers.

On March 31, 2022, “Block” also bought $366 million’s worth of Bitcoin,
according to information provided by the business. Having cryptocurrencies

“ JP Morgan “ forecasts a 75% US recession.

Although “Bob Michel,” a bond market expert,
believes that the market is prepared for this situation and that the rate of a recession
in the United States of America may reach 75% within the next eighteen months,
he also stressed that clients are returning in their investments to the market for bonds,
particularly corporate bonds, as a result of their restored faith in central banks.

At the present time, central banks around the world are seeking to raise interest rates
aggressively in an attempt to confront the rising and stubborn inflation
and try to avoid the possible code in economies, and earlier last week
the European Central decided to raise interest rates,
and in a survey study conducted by “Bloomberg” for more than 44 economists.
In the period between July 15-20, the US Federal Reserve is expected to raise 75 basis points again next week,
and 50 basis points in September of this year.

A decline in stock market value
The stock market crashed on Friday due to fears of a recession,
as well as the slowdown in the bond market and the worsening of many activities across the world in July.
During the previous week,
the markets finished better and decreased the decline that occurred during the current year by 17 percent.
The second quarter of the year’s profits showed ongoing inflation,
as “Irene Brown” predicted, but what’s new is the appearance of high financing expenses now.

Try to slow down consumption
Michel stated that the European Central Bank is striving to slow down consumption,
while enabling it to raise very high rates, perhaps to 1.5% and 1.75%,
at a time when he sees the continued rise of the dollar after its recent decline last week
and affirmed its guardianship over Germany and ignored it in The current situation is in Italy and it is not necessary

Oil starts to recover and good hikes in Asia

Oil starts to recover and good hikes in Asia Oil prices begin to recover today, following last week’s downturn which was the largest in almost two years

Evest follows market developments in the following report

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Oil rises slightly

Tesla has new record results

Rallies in Asia

Oil rises slightly

Oil prices rise slightly on Monday after their steepest decline in nearly two years following last week’s results

Traders remain focused on the situation in China, where COVID-19 infections continue to increase and restrictions remain tight

One of the factors causing oil prices to fall last week was the forecast of weak demand for energy resources in China

Another important factor was the announcement by the United States, followed by other IEA member countries, of their intention to release oil and strategic reserves in order to curb price increases

Brent crude futures for June rose by $0.21 (0.2%) on the London Futures Exchange
to $104.6 per barrel

On Friday

the futures contract fell by $ 0.32 (0.3%) to $104.39 per barrel

West Texas Intermediate crude futures for May rose by $0.09 (0.09%), to $99.36 per barrel in electronic trading on the New York Mercantile Exchange (NYMEX)
On Friday, West Texas Intermediate crude fell $1.01 (1%) to $99.27 per barrel

At the end of last week

Brent crude fell by 11.1%, West Texas Intermediate crude by 12.8%
and the weekly decline in the value of the two brands was the most significant since April 2020

The United States decision to release oil from the strategic reserve appears to have reversed the upward trend in the oil market
Vanda Insights founder Vandana Hari told Bloomberg

According to experts, over the weekend, oil prices fell to levels not commensurate with the risk of a possible decline in exports from Russia

The conflict between the Houthis and Saudi Arabia

– and the ongoing rebel attacks against Saudi energy targets represent a “threat to supply, and the ceasefire will reduce this threat

Demand concerns in China, the world’s largest oil importer, also remain as Shanghai
the most populous city extends COVID-19 lockdown actions

The Chinese Ministry of Transport said it expected road traffic to decline by 20% and flights to decline by 55%
during the three-day Qingming holiday due to an outbreak of coronavirus infections there

Despite the peace agreement in Yemen, the tighter sanctions planned by the West against the largest energy exporter
Russia, for the invasion of Ukraine could support crude oil prices this week

artical name Oil starts to recover and good hikes in Asia

Tesla has new record results

US electric car maker, Tesla, increased deliveries in the first quarter of 2022 by 68% to 310,048 cars, the company said

Experts surveyed by Bloomberg predicted Tesla’s quarterly delivery at 309158 cars
while those polled by the Wall Street Journal predicted it at 317000 cars

Tesla manufactured 305407 cars in the last quarter

Tesla’s CEO, Elon Musk, tweeted on April 2 that the last quarter was an “extraordinary challenge” for the company because of supply chain problems and China’s zero-tolerance policy for Covid-19

Tesla was forced to suspend production at its Shanghai facilities at the end of March because of restrictions

“The great work of Tesla’s team and key suppliers has saved the situation,” Musk tweeted

Tesla’s quarterly deliveries are one of the major figures released by the company
and are also a measure of overall demand for electric vehicles in the world

Rallies in Asia

Mainland China’s markets were closed today for a holiday
Hong Kong ended trading 1.93% higher
The Tokyo Stock Exchange closed slightly higher, while gains were significant in Hong Kong
where investors welcomed Beijing’s signal to calm tensions with the United States

In Tokyo, the leading Nikkei index rose by 0.25% to 27736.47 points and the Topix index rose by 0.48% to 1953.63 points

On the Hong Kong Stock Exchange, the Hang Seng index jumped 1.93%
while mainland Chinese markets are closed for holidays

Beijing removed the rule that prevented US authorities from searching Chinese companies listed in New York
which allayed concerns that it could be canceled from Wall Street

It should be noted that the reform of the market sectors of the Tokyo Stock Exchange came into effect today with a view to simplification
From five to three

The first section (Prime)

a “Standard” section and a section featuring startups (“Growth”)

The Nikkei boosted in Tokyo on Monday, tracking gains on Wall Street though developments in Ukraine and the Covid-19 shutdown in China weighed on the market

The Tokyo market opened after Wall Street stocks closed slightly higher on Friday as strong US jobs data boosted expectations for the Federal Reserve’s rate hikes

However, the sale of semiconductor shares began during early trading
driving the Nikkei index to the negative zone, but investors were still willing to accept the deals
preventing the market from falling to 27500

Shanghai, China’s main economic hub, is now facing a gradual lockdown as authorities try to contain a new wave of COVID-19 infections

Traders remained focused on Ukraine

as global outrage over Russian accusations of war crimes escalated with bodies discovered on streets near Kyiv

In the Tokyo market, some major stocks have benefited
Sony Group’s stock rose by 0.96 percent to 12650 yen
SoftBank Group’s stock rose by 3.71 percent to 5785 yen

Energy developer Inpex rose by 2.82 percent to 1459 yen
Toyota rose by 0.27 percent to 2211 yen

However, Uniqlo subsidiary Fast Retailing lost 1.64% to 61250 yen Advantest index, the leading producer of semiconductor construction tools lost 1.26 percent to 9380 yen artical name Oil starts to recover and good hikes in Asia

Positive oil trading ahead of the OPEC meeting and the dollar rebounds against the sterling and the yen

النفط يظهر تداولات إيجابية قبيل اجتماع أوبك والدولار ينتعش أمام الإسترليني والين

Positive oil trading ahead of the OPEC meeting and the dollar rebounds against the sterling and the yen

Positive oil trading ahead of the OPEC meeting and the dollar rebounds against the sterling and the yen: Traders are awaiting the upcoming OPEC meeting,
at which the organization will announce whether it will maintain or increase current production levels.

Evest follows market developments in the following report.

Topics:

Oil rises and investors are waiting for the OPEC meeting

OPEC + Monitoring Committee

Standard & Poor’s completes its record run by setting a new high on the first trading day of 2022

Strong gains for Tesla and Apple

The dollar is weak against the euro and strong against the sterling and the yen

Oil rises and investors are waiting for the OPEC meeting

Oil prices rise Tuesday before the forthcoming OPEC + meeting.

The cost of Brent crude futures for February on the London Stock Exchange ICE Futures on Thursday is $79.42 per barrel,
$0.44 (0.56%) higher than the closing price of the previous session.

As a result of Monday’s trading, these futures rose by $1.2 (1.5%) to $78.98 per barrel.

The price of West Texas Intermediate crude futures for February in electronic trading on the New York Mercantile Exchange (NYMEX) at this time is $76.42 per barrel,
$0.34 (0.45%) higher than the final value of the previous session.

By the end of Monday’s trading, the value of these futures rose by $0.87 (1.2%) to $76.08 per barrel.

OPEC + Monitoring Committee

Ministers of the OPEC + Monitoring Committee, and then ministers of all OPEC + countries,
will meet on Tuesday to discuss the state of the oil market and to decide whether to change the plan to increase oil production by 400,000 barrels per day in February,

which was approved in July 2021.

Bloomberg’s OPEC + sources stated that the organization intends to maintain the pre-approved plan again.

On Monday, OPEC adjusted its oil market forecast for the first quarter of 2022.

According to new forecasts, the oil supply on the world market from January to March will exceed demand by 1.4 million barrels per day.

Previous projections assumed that the oversupply would be 25% higher.

The change in expectations is due mainly to the outlook for oil supplies that were weaker than previously assumed by non-OPEC members.

The previous day, OPEC ministers had elected a new Secretary-General of OPEC at an extraordinary meeting ,
effective August 1, 2022, Haytham Al-Qays of Kuwait was elected for a three-year term, the organization said.

Standard & Poor’s completes its record run by setting a new high on the first trading day of 2022

US stocks rose confidently on Monday, with the Dow Jones Industrial Index and the Standard & Poor’s 500 ending their first session of 2022 at record levels.

At the end of 2021, Standard & Poor’s added 26.9%, the Nasdaq Composite Index – 21.4%, and the Dow Jones Industrial Index – with an average of 18.7%.

The Dow Jones Industrial Index rose 246.76 points (0.68%) at the close of the market on Monday to 36585.06. Standard & Poor’s 500 rose by 30.38 points (0.64%) to 4796.56 points.

The Nasdaq Composite Index rose by 187.83 points (1.2%) to 15832.8 points.

Experts say the start of the year may be less successful for the US stock market.

The emergence of Covid- 19 vaccines, the lifting of quarantine restrictions,
as well as the soft policy of the Federal Reserve System (FRS) and other global central banks,
boosted financial markets last year.

This year, however, economists warn that the Fed plans to tighten monetary policy, which will put pressure on markets.

Strong gains for Tesla and Apple

Apple’s stock price rose 2.5 percent on Monday to $182.01. The stock price rose to $182.88 during the session,
increasing the company’s capital by more than $3 trillion,
but it could not remain at this level, for its decline with the closing of the market.

Tesla’s stock rose by 13.5% – up to USD 1199.78. Deutsche Bank analysts raised the company’s stock target to $ 1200 from $ 1000.

Last year, Tesla increased the supply of electric cars by 87%, to 936 thousand units.

The result exceeded both the expectations of experts surveyed by FactSet at 897 and Tesla’s expectations,
which planned to increase shipments by 50%.

Stocks of Ford Motor and General Motors rose by 4.8% and 4.3% respectively.

The dollar is weak against the euro and strong against the sterling and the yen

The United States dollar is falling slightly against the euro while looking strengthened against the yen in trading on Tuesday.

The ICE dollar index, which shows dollar dynamics against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling, Swedish krona) ,
adds 0.01%, and the broader WSJ dollar index also adds 0.01%.

The euro pair traded against the dollar at 1.1304 on Tuesday, up from $1.1299 at the end of the previous session.

While the US currency recorded against the yen 115.79 yen, from 115.32 yen the previous day.

The sterling lost 0.1% against the dollar during the dealings, and the Australian dollar increased 0.3%.

Issues of concern to foreign exchange traders at the end of last year – the situation under the Coronavirus and inflation prospects – also remained dominant in early 2022.

“This year started the same way it ended last year, and it is unlikely that much new information will emerge this week,” Danske analysts said.

The dollar value of the ICE index rose by about 7% at the end of 2021, the best annual dynamic since 2015.

The dollar was backed by predictions that the Federal Reserve System (FRS) would soon begin to raise its prime interest rate,
amid a strong economic recovery in the United States and high inflation.

The consumer price index PCE Core, which excludes food and energy costs, rose by 4.7% in November, the fastest since 1982.

The Fed plans to cut the entire asset buyback program by March 2022,
and most of its executives expect three base price increases in the year that has already begun.

As neither the European Central Bank nor the Bank of Japan plans to tighten policy so far,
the dollar’s strength against the euro and yen is likely to continue, as the Trading Economics website points out.

On Wednesday, the Fed will release the minutes of the December 14-15 meeting of the Federal Open Market Commission (FOMC),
which could help market participants better understand the mood of central bank leaders.

Oil continues to gain and Tesla stock continues to decline sharply US European and Asian stocks are mixed

Oil continues to gain and Tesla stock continues to decline sharply US European and Asian stocks are mixed: Many exchanges resumed operation after the long Christmas holidays,
making trading slightly larger in size than in previous days.

Evest follows market developments in the following report.

Topics:

Oil continues to gain in anticipation of the next OPEC meeting

A decline in Japan and South Korea and a rally in China

Dow Jones and Standard & Poor’s set new records and a sharp decline in Nasdaq

The US foreign trade deficit in goods increased to a record level

Tesla continues to decline

A collective decline in European stocks and the United Kingdom is rising alone

Oil continues to gain in anticipation of the next OPEC meeting

Oil prices extended their moderate gains on Thursday morning,
thanks to data on a larger-than-expected reduction in United States oil stocks last week.

The cost of Brent crude futures for February on the London Stock Exchange ICE Futures is $79.39 per barrel,
$0.16 (0.2%) higher than the closing price of the previous session.

As a result of Wednesday’s trading, these futures rose by $0.29 (0.4%) to $79.23 per barrel.

The price of West Texas Intermediate crude futures for February in electronic trading ,
on the New York Mercantile Exchange (NYMEX) is $76.74 per barrel by this time,
after rising by $0.18 (0.24%) from the final value of the previous session.

By the closing of the previous day’s trading, the value of these futures rose by $0.58 (0.8%) to $76.56 per barrel.

The price of oil has reached its maximum value since the end of November during the trading session the previous day.

Since the beginning of the year, the prices of both brands have risen by more than 50%,
which has not been the case for more than a decade, according to Trading Economics.

The United States commercial oil reserve fell by 3.58 million barrels last week,
while the experts interviewed by Bloomberg predicted a decline of 2.7 million barrels.

Gasoline inventories fell by 1.46 million barrels and distillates by 1.73 million barrels.

In addition, investors are increasingly likely to exclude new travel restrictions from governments amid new evidence ,
that the Omicron virus strain is less dangerous than previous options.

Market interest now goes to the OPEC + meeting on January 4. At this meeting,
representatives of oil-producing countries will discuss plans to increase production by 400 thousand barrels per day planned for February.

A decline in Japan and South Korea and a rally in China

Stock indices in Asia and the Pacific show mixed dynamics on Thursday morning.

The Japanese Nikkei 225 index fell by nearly 0.4%, the Australian S & P/ASX 200 index fell by 0.1%, the South Korean Kospi index fell by 0.448%,
and the Chinese CSI 300 index rose by 1.03% and Hong Kong’s Hang Seng index rose by 0.18%.

US Standard & Poor’s futures lost 0.07% from the previous day’s closing, indicating a potentially negative correction in the US stock market on Thursday.

Dow Jones and Standard & Poor’s set new records and a sharp decline in Nasdaq

US stock indexes Dow Jones and Standard & Poor’s rose slightly on Wednesday’s trading basis, and that was enough for them to reach new records.

The Nasdaq composite index ended the session in the red zone as trading activity declined during the holiday period.

By the close of the market on Wednesday, the Dow Jones Industrial Index had risen by 90.42 points (0.25%) and reached 36488.63 points.

Standard & Poor’s 500 rose by 6.71 points (0.14%) to 4793.06 points.

The Nasdaq Composite Index lost 15.51 points (0.1%) to 15766.22.

The attention of traders remains on the news about the new Omicron strain,
and it is currently believed that the spread of this strain will not require the introduction of strict quarantine procedures that can restrict both human movement and commercial activity.

According to experts: “The market depends on the fact that Omicron is a milder strain of the coronavirus, although it spreads more easily.”

The US foreign trade deficit in goods increased to a record level

Statistics released on Wednesday showed that the US foreign trade deficit in goods increased by 17.5% in November,
to a record high of $97.8 billion, and the deficit in October was $83.2 billion.

US merchandise exports fell by 2.1% to $154.7 billion last month, and imports rose 4.7% to $252.4 billion.

In the meantime, the index of pending home sales fell by 2.2% in November from the previous month after jumping 7.5% in October,
the National Association of Realtors (NAR) reported.

Experts predicted an average rise of 0.5%.

The index fell 2.7% from November last year. Thus, the decline accelerated compared to October 1.4%.

Tesla continues to decline

Tesla’s stock price fell by 0.2%. The company’s president, Elon Musk, sold another portion of Tesla’s stock on Tuesday – for $1 billion.

Taking into account previous sales, Musk sold 10% of his Tesla market share, he promised respondents to his Twitter poll.

A collective decline in European stocks and the United Kingdom is rising alone

European shares fell on Wednesday, except for the UK, which resumed operations after a long holiday.

The composite index of the largest companies in the Stoxx Europe 600 region fell by 0.11% to 487.98 points.

The British FTSE 100 index ended trading at 0.7% higher, hitting a 22-month high.

The French CAC 40 index fell by 0.3%, the German DAX – 0.7%, the Italian FTSE MIB – 0.4%, and the Spanish IBEX 35 – 0.2%.

The focus of the traders remains on the news about the new Covid-19 strain, Omicron.

The increase in infections in many European countries negatively affects the mood of traders.