Electronic Trading – EUMAG http://eumag.org/ Wed, 10 Aug 2022 13:13:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://eumag.org/wp-content/uploads/2021/06/icon-150x150.png Electronic Trading – EUMAG http://eumag.org/ 32 32 Wall Street roars after inflation cools more than expected | Company https://eumag.org/wall-street-roars-after-inflation-cools-more-than-expected-company/ Wed, 10 Aug 2022 13:13:26 +0000 https://eumag.org/wall-street-roars-after-inflation-cools-more-than-expected-company/ NEW YORK (AP) — Wall Street roared on Wednesday after inflation cooled more than expected last month, sparking speculation that the Federal Reserve might not be as aggressive in raising interest rates that we feared. The S&P 500 rose 1.9% amid a broad-based rally that was launched after a report showed the country’s biggest economic […]]]>

NEW YORK (AP) — Wall Street roared on Wednesday after inflation cooled more than expected last month, sparking speculation that the Federal Reserve might not be as aggressive in raising interest rates that we feared.

The S&P 500 rose 1.9% amid a broad-based rally that was launched after a report showed the country’s biggest economic challenge, inflation, slowed to 8.5% at consumers last month, compared to 9.1% in June. Tech stocks, cryptocurrencies and other hardest-hit investments of the year were among the day’s biggest gainers.

The Nasdaq composite, whose many high-growth and expensive-looking stocks have been particularly vulnerable to interest rates, rose 2.6%, leading the market. Bitcoin was up 3.9% to hit $24,000, and the Dow Jones Industrial Average was up 503 points, or 1.4%, at 33,276 as of 12:13 p.m. EST.

Much of the slowdown in inflation in July was due to lower gasoline and oil prices. But even after ignoring that and food price volatility, so-called “underlying inflation” held steady last month instead of accelerating as economists had expected.

The data encouraged traders to reduce bets on how much the Fed will raise interest rates at its next meeting. They now see a half-percentage-point hike as the most likely outcome, according to CME Group. A day earlier, they were betting on a more aggressive 0.75 percentage point hike, the same as the last two increases.

Such differences may seem insignificant, but interest rates help determine where prices go in financial markets. And higher rates tend to lower the prices of everything from stocks to commodities to crypto.

Bond prices shot up immediately after the inflation report was released, dragging bond yields down. The two-year Treasury yield, which tends to follow Fed expectations, fell to 3.14% from 3.27% on Tuesday evening.

The 10-year yield fell more slowly from 2.78% to 2.76%, narrowing the distance below the two-year yield. Many investors consider such a gap to be a fairly reliable signal of an upcoming recession.

Recession worries have been mounting as the highest inflation in 40 years weighs on households and businesses around the world. The Fed and other central banks have raised rates to slow the economy in hopes of stamping out inflation, but they risk stifling it if they act too aggressively.

Admittedly, inflation is still painfully high, and is expected to remain so for some time. But Wednesday’s data nonetheless rejuvenated Wall Street, which faltered on a stronger-than-expected jobs report on Friday that raised expectations for a more aggressive Fed. That bolstered hopes that a spike in inflation — and therefore the Federal Reserve’s most aggressive rate hikes — could be on the horizon.

“It’s a step in the right direction, but bear in mind that we have many miles ahead of us before inflation normalizes,” said Mike Loewengart, managing director, investment strategy, at E -Morgan Stanley trade.

The Federal Reserve will receive some highly anticipated reports ahead of its next interest rate announcement on September 21, which may also change its stance. These include reports showing hiring trends in the economy due September 2 and the next consumer inflation update due September 13.

More immediately, this week’s reports will show how wholesale inflation is faring and whether US households are further reducing their expectations for inflation ahead, an influential data point for Fed officials.

Wednesday’s inflation data nonetheless helped stocks across Europe climb to modest gains, while markets that closed earlier in Asia were mostly down. Germany’s DAX gained 1.2%, Japan’s Nikkei 225 fell 0.6% and Hong Kong’s Hang Seng lost 2%.

On Wall Street, housing companies were strong on hopes that a less aggressive Fed could mean less pressure on mortgage rates. Homebuilder DR Horton gained 5.1%, PulteGroup rose 4.6% and Lennar rose 3.9%.

Netflix, a once high-flying, high-growth stock that plunged to be this year’s worst in the S&P 500, rose 5.2% although it remains down nearly 60% for 2022.


AP Business Writer Joe McDonald contributed.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Check position, age, qualification and other details here https://eumag.org/check-position-age-qualification-and-other-details-here/ Sun, 07 Aug 2022 02:03:03 +0000 https://eumag.org/check-position-age-qualification-and-other-details-here/ NSDL Recruitment 2022: Check Position, Age, Qualification and Other Details Here NSDL Recruitment 2022: National Securities Depository Limited (NSDL) recruits candidates for various positions. Interested candidates can send their resume to [email protected] citing the role for which you are applying. The curriculum vitae can be sent as a word or pdf file, not exceeding 2 […]]]>

NSDL Recruitment 2022: Check Position, Age, Qualification and Other Details Here

NSDL Recruitment 2022: National Securities Depository Limited (NSDL) recruits candidates for various positions. Interested candidates can send their resume to [email protected] citing the role for which you are applying. The curriculum vitae can be sent as a word or pdf file, not exceeding 2 MB.

Below is the detailed information about NSDL recruitment 2022.

1. Post name

Audit & Inspection – Assistant Manager

Location Chennai

Designation Deputy director

Live Between 2 and 4 years old

Qualification CA/CS/MBA (Finance)

Age Under 35

job description

Conduct an inspection of NSDL business partners and submit the report. Proactive monitoring and compliance oversight by NSDL business partners to ensure compliance with SEBI and NSDL guidelines. Review of audit and compliance reports/certificates submitted by NSDL business partners. Preparation of compliance reports to management. Ability to analyze and provide suggestions/comments on various internal procedures, work processes and system controls. Ready to travel through the southern region for inspection.

2. Post name

System development (tester) – Assistant Manager

Location Bombay

Designation Deputy director

Live 2-4 years

Qualification BE(Computer Science/IT), M.SC(IT)

job description

Testing of web and mobile applications and new features. Studio and analyze requirements, change requests and identify testing scope. Must be able to configure data required for test case execution. Develop test scenarios, test cases and test scripts and their execution. Experience in defect logging, tracking and verification. Must have UAT experience and experience conducting simulated exercises. Create functional test frameworks (UI and API) that encompass various use cases.

3. Post name

IIssuer interface (debt issuer) – Assistant Manager

Location Bombay

Designation Deputy director

Live More than 3 years

Qualification MBA/MMS/Mcom/PGDM

job description

Knowledge of financial markets with an in-depth understanding of all classes of financial assets, in particular debt instruments. Working knowledge of treasury operations related to debt market trading, settlement and back office. In-depth knowledge of products in the area of ​​fixed income and structured instruments, including an understanding of the characteristics of the instruments and their life cycle. Working knowledge of electronic trading platform used in debt market segment including CCIL, Exchanges, etc. Expert in instrument master data, able to confidently advise on the creation of instrument master data that arises during solution design. Ability to collect and define business requirements and translate business requirements into functional specifications and guide the development team. Ability to manage operational teams.

4. Post name

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Global stock markets mixed ahead of US jobs data https://eumag.org/global-stock-markets-mixed-ahead-of-us-jobs-data/ Fri, 05 Aug 2022 09:27:45 +0000 https://eumag.org/global-stock-markets-mixed-ahead-of-us-jobs-data/ Comment this story Comment BEIJING — Global stock markets and Wall Street futures were mixed on Friday ahead of an update on the U.S. jobs market as the Federal Reserve ponders whether further rate hikes are needed to cool the surge in inflation. London, Paris and Frankfurt were down while Shanghai and Tokyo were up. […]]]>

Comment

BEIJING — Global stock markets and Wall Street futures were mixed on Friday ahead of an update on the U.S. jobs market as the Federal Reserve ponders whether further rate hikes are needed to cool the surge in inflation.

London, Paris and Frankfurt were down while Shanghai and Tokyo were up. Oil prices have fallen.

Investors were eagerly awaiting the monthly U.S. jobs numbers for possible signs of weakness that could prompt the Fed to decide it needs to ease rate hikes to calm inflation. Other data suggests the economy is slowing, which should reduce upward pressure on prices.

“Consensus is looking for labor market easing for July,” Stephen Innes of SPI Asset Management said in a report.

In early trading, the FTSE 100 in London fell 0.1% to 7,437.48 and the DAX in Frankfurt was little changed at 13,660.80. The CAC 40 in Paris lost 0.5% to 6,483.56.

On Wall Street, the future of the benchmark S&P 500 slid less than 0.1% while that of the Dow Jones Industrial Average rose less than 0.1%.

On Thursday, the S&P 500 closed 0.1% lower as investors digested corporate earnings reports and awaited jobs data. The Dow lost 0.3% while the Nasdaq composite rose 0.4%.

In Asia, the Shanghai Composite Index rose 1.2% to 3,227.03 and Hong Kong’s Hang Seng gained 0.1% to 20,201.94.

The Nikkei 225 in Tokyo gained 0.9% to 28,175.897 after labor incomes in June rose 2.2% year on year, although forecasters warned the strength was unlikely to last. Much of the increase is due to semi-annual bonuses which are paid in June.

Seoul’s Kospi gained 0.7% to 2,490.80 and Sydney’s S&P ASX 200 rose 0.6% to 7,015.60.

India’s Sensex rose 0.1% to 58,381.11 after the Reserve Bank of India raised its benchmark interest rate by half a percentage point to 5.4%. Central bank governor Shaktikanta Das predicts economic growth of 7.2% for the year to March and inflation of 6.7%.

New Zealand and Bangkok fell while Singapore rose.

Jakarta rose 0.4% after Indonesia’s economy grew stronger than expected by 5.4% year-on-year in the last quarter.

Investors fear that rate hikes by the Fed and other central banks in Europe and Asia to rein in inflation that is at multi-decade highs could derail economic growth.

The Fed has raised its benchmark rate twice by 0.75 percentage points this year, three times its usual margin and the biggest increases since the early 1990s.

Fed officials have tried to calm fears that the United States could tip into a recession by pointing to a strong labor market as evidence that the economy can tolerate higher borrowing costs.

But economists fear signs of weakness are beginning to appear in hiring, threatening one of the last redoubts of US economic power. Job postings are down and the number of Americans filing for unemployment benefits is up.

The number of Americans applying for unemployment benefits last week rose by a modest 6,000 from the previous week to 260,000, the Labor Department reported Thursday. Early applications typically reflect layoffs, but forecasters still see the labor market as one of the strongest sectors in the economy.

Data earlier this week indicated that the number of new U.S. job openings advertised had slipped, but were still near record highs.

In energy markets, benchmark U.S. crude gained 12 cents to $88.66 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell from $2.12 the previous session to $88.54. Brent crude, the price basis for international trade, advanced 14 cents to $94.26 a barrel. It fell from $2.66 the previous session to $94.12.

The dollar gained 133.45 yen from 132.91 yen on Thursday. The euro fell to $1.0230 from $1.0249.

]]> Gilead Sciences, CVS, Electronic Arts and more https://eumag.org/gilead-sciences-cvs-electronic-arts-and-more/ Wed, 03 Aug 2022 17:00:38 +0000 https://eumag.org/gilead-sciences-cvs-electronic-arts-and-more/ A customer walks to the entrance of a CVS Health Corp store. in downtown Los Angeles, California, U.S. on Friday, October 27, 2017. Christopher Lee | Bloomberg | Getty Images Check out the companies making headlines on Wednesday at noon. Gilead Sciences – Shares of the biopharmaceutical company rose 6.6% after quarterly revenue of $6.26 […]]]>

A customer walks to the entrance of a CVS Health Corp store. in downtown Los Angeles, California, U.S. on Friday, October 27, 2017.

Christopher Lee | Bloomberg | Getty Images

Check out the companies making headlines on Wednesday at noon.

Gilead Sciences – Shares of the biopharmaceutical company rose 6.6% after quarterly revenue of $6.26 billion smashed a FactSet estimate of $5.86 billion. The full-year revenue forecast of $24.5 billion was also better than expected.

CVS Health – Shares of the pharmaceutical giant rose 5.7% after the company beat Wall Street expectations for second-quarter earnings. It also recorded an 8% increase in same-store sales from the same period a year ago, citing customer purchases of at-home Covid test kits and cough, cold and flu medicines. .

Electronic Arts – The video game company rose 4% after reporting adjusted earnings of 47 cents per share, beating Refinitv’s forecast of 28 cents per share for its latest quarter. Net bookings of $1.30 billion also beat estimates of $1.26 billion, thanks in part to the strength of EA’s FIFA franchise.

Charles River Laboratories – Shares fell 9.2% after the pharmaceutical company cut its full-year forecast, citing a stronger dollar and rising interest rates.

Starbucks – The coffee chain saw its shares rise more than 3% after posting better-than-expected quarterly results, despite lockdowns in China weighing on its performance. In the United States, however, net sales increased 9% to $8.15 billion and comparable store sales increased 3%.

Moderna – Shares of the vaccine stock jumped 16.7% after Moderna’s second-quarter results easily beat Wall Street estimates. The company reported earnings per share of $5.24 on revenue of $4.75 billion. Analysts polled by Refinitiv had expected $4.55 in earnings per share and $4.07 billion in revenue. Moderna also announced a $3 billion share buyback program.

SoFi Technologies – Shares soared more than 27% after the personal finance company posted higher and lower pace, released strong full-year revenue guidance and reported a 91% increase in origination volume. personal loans.

Match Group – Shares in the dating app operator fell 17% after the company reported second-quarter revenue of $795 million, against StreetAccount’s estimate of $803.9 million of dollars. Match also released a weak forecast and announced the departure of Renate Nyborg, CEO of its Tinder unit.

Airbnb – Airbnb shares fell about 3% after the vacation home rental company reported weaker-than-expected second-quarter revenue. The company also reported more than 103 million nights and experiences booked, the highest quarterly number ever for the company, but below StreetAccount estimates of 106.4 million.

PayPal – Shares of the payments giant soared 9.4% after stronger-than-expected second-quarter results and an increase in its guidance. PayPal also disclosed that it has entered into an information-sharing agreement with Elliott Management and announced a $15 billion share buyback program.

– CNBC’s Jesse Pound and Sarah Min contributed reporting

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What to expect from Electronic Arts Q1? https://eumag.org/what-to-expect-from-electronic-arts-q1/ Mon, 01 Aug 2022 17:15:24 +0000 https://eumag.org/what-to-expect-from-electronic-arts-q1/ BRAZIL – 2022/05/12: In this photo illustration the Electronic Arts Inc. (EA) logo is displayed … [+] on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Electronic Arts (NASDAQ: EA) is expected to release its fiscal year 1st quarter 2023 results on Tuesday, August 2. We […]]]>

Electronic Arts (NASDAQ: EA) is expected to release its fiscal year 1st quarter 2023 results on Tuesday, August 2. We expect the company to post revenue and earnings close to consensus estimates. While the company should benefit from its recent acquisitions, a tough comparison to the prior year quarter, which benefited from more game launches, could weigh on overall revenue growth. However, our forecasts indicate that Electronic Arts
EA
‘stock has more room for growth, as shown below. Our interactive dashboard analysis on Overview of Electronic Arts results has additional details.

(1) Expected revenue in line with consensus estimates

  • Trefis estimates Electronic Arts’ revenue for the first quarter of 2023 (total bookings) at approximately $1.3 billion, which is in line with the consensus estimate but higher than the company’s forecast of $1.25 billion. .
  • The company is expected to benefit from its live service offering, primarily for the FIFA and Apex Legends franchises.
  • Electronic Arts has made several acquisitions over the past year, including Playdemic and Glu, which will bolster its growth.
  • That said, the company launched several games in the first quarter of last fiscal year, while the F1 22 game was the only new launch in the first quarter of this fiscal year.
  • In the fourth quarter, the company posted revenue of $1.8 billion (total bookings), up 17% year-on-year, driven by strong demand for its sports titles and Apex Legends.
  • Our dashboard on Electronic Arts Revenue offers more details about the company’s segments.

(2) EPS likely to be slightly higher than consensus estimates

  • Adjusted earnings per share for Electronic Arts for the first quarter of 2023 are expected to be $0.30 per Trefis analysis, compared to the consensus estimate of $0.28.
  • The company’s adjusted net income of $413 million in the fourth quarter of fiscal 2022 reflects 15% growth from its figure of $358 million in the year-ago quarter.
  • Company seeks to reduce ad costs to pre-Apple levels
    AAPL
    changed its ad tracking policies. This should help the company’s operating margins in the future.

(3) EA stock seems to have more room for growth

  • We estimate Promotion of electronic arts at around $155 per share, or 18% above its current market price of $131.
  • This represents a forward P/E multiple of 21x for the company based on our adjusted EPS forecast of $7.25 for fiscal 2023.
  • At current levels, EA shares are trading at 18 times forward adjusted earnings, compared to an average of 22 times over the past three years.
  • Additionally, if the company releases upbeat first quarter results and full year guidance that is better than street estimates, it is likely that the P/E multiple will be revised upwards, resulting in lower levels. even higher for EA stocks.

While the stock EA seems to have more room for growth, it’s worth seeing how Electronic Arts Peers price on the measures that matter. You will find other useful comparisons for companies in all sectors on Peer comparisons.

In addition, the Covid-19 crisis has created many price discontinuities which can provide interesting trading opportunities. For example, you’ll be surprised how counter-intuitive stock valuation is to Teradata vs. Crane.

With inflation rising and the Fed raising interest rates, among other factors, Electronic Arts stock has fallen 3% this year. Can it fall more? See how low Electronic Arts’ stock can go by comparing its decline during previous stock market crashes. Here is a summary of how all stocks performed during previous stock market crashes.

What if you were looking for a more balanced portfolio instead? Our quality portfolio and multi-strategy portfolio have consistently beaten the market since late 2016.

Invest with Trefis Wallets that beat the market

See everything Trefis Price estimates

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Who owns the most bitcoins? https://eumag.org/who-owns-the-most-bitcoins/ Sat, 30 Jul 2022 10:07:30 +0000 https://eumag.org/who-owns-the-most-bitcoins/ Gold Bitcoin crypto currency on chart diagram background. Photo: Parilov/Shutterstock.com Bitcoin (BTC) is a pioneer in decentralized peer-to-peer payments and the world’s largest cryptocurrency, valued at a market cap of over $461 billion, as of July 29, 2022. Bitcoin’s permissionless and censorship-resistant functionality attracted a slew of early cryptocurrency adopters. The number of active addresses […]]]>
Gold Bitcoin crypto currency on chart diagram background. Photo: Parilov/Shutterstock.com

Bitcoin (BTC) is a pioneer in decentralized peer-to-peer payments and the world’s largest cryptocurrency, valued at a market cap of over $461 billion, as of July 29, 2022.

Bitcoin’s permissionless and censorship-resistant functionality attracted a slew of early cryptocurrency adopters.

The number of active addresses holding BTC has grown from around 1,000 in July 2010 to over 900,000 by the end of July 2022, according to data from a blockchain research firm. glass knot.

Who are the biggest bitcoin holders and what is the concentration of bitcoin whales? Here we look at who owns the most bitcoins.

About Bitcoin: Decentralized Payments

Bitcoin is a peer-to-peer electronic payment system that allows its holders to make online payments directly from one party to another without going through a financial institution.

The pseudonymous founder of Bitcoin, Satoshi Nakamoto, published the Bitcoin white paper in October 2008. The first block in the Bitcoin network was mined in January 2009, which rewarded its miner with the first BTC.

New bitcoins are rewarded for miners who validate transactions and add transaction history to the blockchain’s public ledger.

“We proposed a system of electronic transactions without relying on trust,” reads the Bitcoin whitepaper.

BTC’s market cap was over $457 billion at prices near $24,000 on July 29, 2022. BTC’s market cap reached over $1.27 billion at its peak in November 2021. In 2022, however, investor sentiment has changed, triggering a crypto winter, with BTC falling more than 40%.

Tokenomics: capped

Bitcoin has a hard cap, which means that only a certain number of bitcoins can be mined. The maximum bitcoin supply is capped at 21 million.

Additionally, bitcoin’s issuance rate is designed to decrease over time in a process known as the halving. Halving events occur every 210,000 blocks, or roughly every four years, after which mining rewards are halved.

The most recent halving event occurred in May 2021 when mining rewards went from 12.5 BTC per block to 6.25 BTC per block. The next halving event is expected to occur in 2024, after which BTC issuance will drop to 3.125 BTC per block.

As of July 29, 2022, over 19.1 million BTC had been mined, representing 91% of the maximum BTC supply, according to CoinMarketCap. There are less than two million bitcoins left to be mined. The last bitcoin is expected to be mined in 2140.

Who owns the most bitcoins?

According to bitcoin-focused asset manager River Financial, Satoshi Nakamoto, the anonymous inventor of bitcoin, is estimated to be the largest bitcoin holder with more than one million BTC stored in approximately 22,000 addresses.

According to River Financial, none of Nakamoto’s valued BTC holdings have moved other than a few test transactions.

Looking at the wallet address data compiled by BitInfoChart, top bitcoin holders have been identified as addresses linked to cryptocurrency exchanges Binance (BNB) and BitFinex.

The Binance wallet was the richest address with 252,597 bitcoins worth over $6 billion and representing 1.3% of the circulating BTC supply. The BitFinex wallet held approximately 0.9% of the current circulating supply of BTC, as of July 29, 2022.

The third richest bitcoin address holding 131,883 BTC on July 29, 2022 remained anonymous. It should be noted that although blockchain data is transparent and wallet balances are publicly visible, the identity of a wallet address holder remains anonymous unless voluntarily disclosed.

There were several wallet addresses identified as those of the crypto exchange on BitInfoChart’s bitcoin address list. Binance, the world’s largest cryptocurrency exchange by trading volume, had three wallets on the list.

What is your sentiment on BTC/USD?

Vote to see the sentiment of traders!

“Determining concentration of ownership is more complicated than simply tracking the holdings of the wealthiest addresses, because many of the most important addresses are owned by cold wallets of online exchanges and wallets, which hold Bitcoin on behalf of many investors,” the National Bureau Of Economic Research said in a research report.

Several companies have accumulated BTC over the years. U.S. software company MicroStrategy (MSTR) is the world’s largest publicly traded bitcoin-owning company with holdings of approximately 129,218 BTC, according to its Q1 2022 earnings report. MicroStrategy’s BTC holdings were worth over $3 billion as of July 22, 2022.

Tesla (TSLA) is also known to be a bitcoin holder. However, the company announced on July 20, 2022 that it had sold 75% of its bitcoin holdings by the end of the second quarter of 2022.

The electric car maker did not disclose how much bitcoin it held. The company reported “digital assets” worth $218 million, as of June 30, 2022, on its balance sheet, compared to $1.26 billion held as of March 31, 2022.

Meanwhile, the total number of bitcoins held by BTC early adopters El Salvador was around 2,301, as of June 15, 2022, according to the news agency. Fortune.

Conclusion: Less concentration than other cryptos

For retail bitcoin holders, it can be useful to know who has the most bitcoin, as wallets with large amounts of BTC can have a significant influence on its price.

“From a public policy perspective, understanding the ownership and concentration of Bitcoin holdings is important because it determines who is best positioned to benefit from any price appreciation,” the National Bureau Of Economic Research said.

These wallet addresses belonging to individuals or organizations are known as whale addresses and the holder is known as whale.

Who are the Bitcoin Whales? According Binance Academy, a BTC whale must contain at least 1,000 BTC. There were 2,151 addresses containing more than 1,000 BTC each, as of July 29, 2022, data from blockchain research firm Messari show.

It should be noted that BTC is spread more evenly than other cryptocurrencies. According to the crypto analysis site InTheBlockBTC’s concentration among large holders stood at 10% of its circulating supply.

By comparison, the smart contract leader ETH’s concentration among large holders stood at 41%. Polygon’s MATIC of the Ethereum sidechain had a large concentration of 86% holders. Memecoin DOGE had a 65% concentration of large holders, as of July 29, 2022.

The absence of venture capitalists, seed investors, and initial coin offerings, which is very common in the cryptocurrency industry today, has helped BTC maintain a low concentration of large holders.

However, the National Bureau Of Economic Research noted that the Bitcoin ecosystem “is still dominated by large and concentrated players, whether large miners, Bitcoin holders, or exchanges.”

“This inherent concentration makes Bitcoin susceptible to systemic risk and also implies that the majority of gains from subsequent adoption are likely to fall disproportionately on a small group of participants,” the report adds.

Note that all transactions carry a risk of loss. Always perform your own due diligence before trading, reviewing breaking news, fundamental and technical analysis and analyst commentary. Remember that your decision to trade should depend on your risk tolerance, account size and trading strategy, as well as your experience in the markets. Never trade money that you cannot afford to lose.

FAQs

How many bitcoin holders are there?

The number of active addresses holding BTC has grown from around 1,000 in July 2010 to over 900,000 by the end of July 2022, according to data from a blockchain research firm. glass knot.

How many bitcoin millionaires are there?

Data from Messari showed around 67,443 wallet addresses held in BTC worth more than $1 million each, as of July 29, 2022. At the current BTC price of around $24,000, you would need over 41 BTC to become a millionaire in bitcoin.

What is the total bitcoin supply?

Bitcoin has a strict cap, which means only a certain number of bitcoins can be mined. The maximum bitcoin supply is capped at 21 million. As of July 29, 2022, over 19.1 million BTC have been mined, representing 91% of the maximum BTC supply.

Further reading:

Bitcoin technical chart in futuristic concept

How many dogecoins are there?  Everything you need to know Dogecoin Gold Coin on World Map.

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Wall Street points lower after rate hike, ahead of GDP report https://eumag.org/wall-street-points-lower-after-rate-hike-ahead-of-gdp-report/ Fri, 29 Jul 2022 07:33:44 +0000 https://eumag.org/wall-street-points-lower-after-rate-hike-ahead-of-gdp-report/ A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong stock index in Hong Kong, Thursday, July 28, 2022. Stocks were mostly higher in Asia on Thursday after the Federal Reserve stepped up its campaign against soaring inflation by raising its policy rate by three-quarters of a point. (AP […]]]>

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong stock index in Hong Kong, Thursday, July 28, 2022. Stocks were mostly higher in Asia on Thursday after the Federal Reserve stepped up its campaign against soaring inflation by raising its policy rate by three-quarters of a point.  (AP Photo/Kin Cheung)

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong stock index in Hong Kong, Thursday, July 28, 2022. Stocks were mostly higher in Asia on Thursday after the Federal Reserve stepped up its campaign against soaring inflation by raising its policy rate by three-quarters of a point. (AP Photo/Kin Cheung)

PA

Wall Street pointed to a slightly lower open on Thursday after the Federal Reserve raised interest rates and ahead of what will be the first look at U.S. economic growth in the tough second quarter.

Dow Jones Industrial Average futures fell 0.1% and S&P 500 futures lost 0.2% before the bell. Both indexes rebounded from larger declines earlier.

The three-quarters of a percentage point rate hike announced by the Fed on Wednesday takes the benchmark short-term rate to its highest level since 2018. The aim is to bring soaring inflation under control.

An update on the economy will come later Thursday with second quarter US GDP data.

Analysts expect that after shrinking from January to March, the US economy probably did not fare much better in the spring.

Shares of Spirit Airlines rose nearly 4% pre-market after JetBlue announced it had agreed to buy the low-cost airline for $3.8 billion, which would create the nation’s fifth-largest airline if it was approved by US regulators. Thursday’s deal comes a day after Spirit’s attempted merger with Frontier Airlines failed.

Investors are also awaiting a call between US President Joe Biden and Chinese leader Xi Jinping.

In midday Europe, the German DAX was unchanged, the CAC 40 in Paris was up 0.2% and the British FTSE 100 was down 0.1%.

In Asian trading, Hong Kong’s benchmark Hang Seng slid 0.2% to 20,622.68 after the territory’s Monetary Authority matched the 0.75 percentage point rate hike from the Fed with one of his. The HKMA aligns its policies with US currency movements to keep the Hong Kong dollar at a stable rate against the US dollar.

Elsewhere in Asia, stocks rose, following Wall Street’s gains after the Fed did exactly as expected and its chairman, Jerome Powell, suggested that Fed rate hikes had already succeeded in slowing the economy and possibly reduce inflationary pressures.

“Although a concrete decision on tariff relief is not expected from the meeting, any indication of willingness to work on it is an added benefit for markets,” IG’s Jun Rong Yeap said in a commentary.

Tokyo’s Nikkei 225 rose 0.4% to 27,815.48, while the Shanghai Composite added 0.2% to 3,282.58. In Seoul, the Kospi advanced 0.8% to 2,435.27.

South Korea’s Samsung Electronics Co., the world’s top producer of smartphones and memory chips, said on Thursday its operating profit rose 12% in the April-June quarter on strong demand for server chips.

Its shares edged up 0.2% on Thursday.

Australia’s S&P/ASX 200 jumped 1% to 6,889.70 after the government announced retail sales rose in June for the sixth consecutive month. Additionally, Treasurer Jim Chalmers told parliament that the government expects inflation to remain unacceptably low for some time and the economy to slow but not fall into recession.

Markets in Thailand have been closed for a holiday.

On Wall Street, investors greeted the widely expected Fed decision with a broad rally on Wednesday.

Powell’s comments were seen by some as a signal that the Fed might not have to hike rates as aggressively in the coming months, sparking a rally in the final hour of regular trading.

The S&P 500 climbed 2.6% and the tech-heavy Nasdaq jumped 4.1%, its biggest gain in more than two years. The Dow Jones Industrial Average rose 1.4%. The small cap Russell 2000 closed up 2.4%.

The indices are now all on pace for a weekly gain, extending Wall Street’s strong rally in July. The S&P 500 is up 6.3% so far this month.

Rate hikes like Wednesday’s, the fourth so far this year, make borrowing more expensive and slow the economy. The hope is that the Fed and other central banks can deftly find the middle ground where the economy slows enough to whip inflation but not enough to cause a recession.

In other trading on Thursday, benchmark U.S. crude oil added $2.16 to $99.42 a barrel in electronic trading on the New York Mercantile Exchange. It gained $2.28 to $97.26 on Wednesday.

Brent crude, the international price standard, gained $2.09 to $103.76 a barrel.

The US dollar cost 135.36 Japanese yen, down from 136.55 yen. The euro fell slightly to $1.0127 from $1.0197.

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Global stocks and oil prices up ahead of likely US rate hike https://eumag.org/global-stocks-and-oil-prices-up-ahead-of-likely-us-rate-hike/ Wed, 27 Jul 2022 09:51:23 +0000 https://eumag.org/global-stocks-and-oil-prices-up-ahead-of-likely-us-rate-hike/ BEIJING — Major global stock markets and Wall Street futures rose on Wednesday as traders braced for a possible sharp interest rate hike by the Federal Reserve to calm soaring inflation. London and Frankfurt opened higher. Tokyo and Sydney gained while Shanghai fell. Oil prices have risen. The Fed is expected to announce on Wednesday […]]]>

BEIJING — Major global stock markets and Wall Street futures rose on Wednesday as traders braced for a possible sharp interest rate hike by the Federal Reserve to calm soaring inflation.

London and Frankfurt opened higher. Tokyo and Sydney gained while Shanghai fell. Oil prices have risen.

The Fed is expected to announce on Wednesday an increase of up to three-quarters of a percentage point in its benchmark interest rate, triple its usual margin. Investors fear that such aggressive action by the Fed and other central banks in Europe and Asia to control inflation, which is at multi-decade highs, could derail global economic growth.

“The main risk at this stage is actually an inflation overkill with too sharp a monetary tightening, pushing up the unemployment rate unnecessarily,” said Thomas Costerg of Pictet Wealth Management in a report. Costerg said most economic indicators and falling commodity prices already point to an inflation slowdown ahead.

In early trading, the FTSE 100 in London rose 0.5% to 7,345.81. Frankfurt’s DAX rose 0.3% to 13,136.88 and Paris’ CAC 40 rose 0.3% to 6,230.48.

The future of Wall Street’s benchmark S&P 500 index rose 0.9% and that of the Dow Jones Industrial Average added 0.4%.

On Tuesday, the S&P 500 fell 1.2% after Walmart warned that inflation that had hit a four-decade high of 9.1% was hurting US consumer spending.

The Dow Jones fell 0.7% and the Nasdaq composite closed down 1.9%.

In Asia, the Shanghai Composite Index fell less than 0.1% to 3,275.76 while Tokyo’s Nikkei 225 rose 0.2% to 27,715.75. The Hang Seng in Hong Kong fell 1.4% to 20,620.10.

Sydney’s S&P-ASX 200 added 0.2% to 6,823.20 after data showed Australian inflation rose from 5.1% to 6.1% last quarter, but the increase was lower than expected.

Seoul’s Kospi gained 0.1% to 2,415.53 and India’s Sensex rose 0.8% to 55,715.95. New Zealand fell while Southeast Asian markets rose.

On Wall Street, other major retailers also fell on Tuesday following Walmart’s profit warning. Target fell 3.6%, Macy’s slipped 7.2% and Kohl’s fell 9.1%.

Tech stocks fell. Microsoft fell 2.7%, Amazon fell 5.2% and Facebook owner Meta Platforms fell 4.5%.

General Motors fell 3.4% after its second-quarter profit fell 40% from a year ago. Sales in the United States fell 15% after shortages of processor chips and other components prevented the company from delivering 95,000 vehicles in the quarter.

In energy markets, benchmark U.S. crude rose $1.17 to $96.15 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell from $1.72 on Tuesday to $94.98. Brent crude, the price base for international oils, added 94 cents to $100.40 a barrel in London.

The dollar rose to 136.90 yen from 136.00 yen on Tuesday. The euro gained $1.0138 from $1.0120.

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Asian stocks start the week down, following the pullback from Wall St https://eumag.org/asian-stocks-start-the-week-down-following-the-pullback-from-wall-st/ Mon, 25 Jul 2022 12:28:00 +0000 https://eumag.org/asian-stocks-start-the-week-down-following-the-pullback-from-wall-st/ Stocks on Wall Street were mixed in afternoon trading on Monday, as investors braced for a two-day Federal Reserve meeting this week where the central bank is expected to raise interest rates sharply. interest in fighting inflation. The S&P 500 index was up 0.2% at 1:18 p.m. EST after fluctuating between gains and losses. The […]]]>

Stocks on Wall Street were mixed in afternoon trading on Monday, as investors braced for a two-day Federal Reserve meeting this week where the central bank is expected to raise interest rates sharply. interest in fighting inflation.

The S&P 500 index was up 0.2% at 1:18 p.m. EST after fluctuating between gains and losses. The Dow Jones Industrial Average rose 99 points, or 0.3%, to 31,998. The tech-heavy Nasdaq Composite fell 0.2%.

Major indexes posted strong gains last week after a mix of mostly better than expected corporate earnings reports. Falling yields in the bond market also helped, easing pressure on equities after expectations of Fed rate hikes pushed yields higher for much of this year.

On Wednesday, most economists expect the Fed to announce a three-quarters of a percentage point hike in its short-term rate, a second sharp hike in a row that it hasn’t otherwise implemented since 1994. That would put the Fed’s benchmark rate in a range of 2.25% to 2.5%, the highest since 2018.

The U.S. economy is slowing, but healthy hiring shows it’s not yet in a recession, Treasury Secretary Janet Yellen said on NBC’s “Meet the Press” program on Sunday. She spoke ahead of release this week on a series of economic reports that will shed light on an economy currently beleaguered by runaway inflation as interest rates rise.

Some early signs suggest inflation may be cooling from searing levels. The AAA Auto Club said on its website Monday that the average price for a gallon of regular gasoline is $4.36 a gallon. That’s 16 cents lower than a week ago and 55 cents lower than at the end of June, when the average price was $4.91 a gallon. Crude oil prices have fallen almost 10% this month alone.

Outside of the Fed meeting, the most high-profile report is likely to be Thursday, when the Commerce Department releases its first estimate of economic output in the April-June quarter. Some economists forecast that it could post a contraction for the second consecutive quarter. The economy shrank 1.6% in the January-March quarter. Two consecutive negative readings are unofficially considered a recession.

Earnings will be quiet on Monday, but pick up later this week when tech heavyweights like Apple, Meta, Microsoft and Amazon all release their results. Other big companies reporting this week include Coca-Cola and McDonald’s, where investors could look to see the impact of inflation on these inflation-conscious, consumer-focused companies.

Energy companies, banks and health care stocks helped lift the market on Monday. Exxon Mobil rose 3.2% and Bank of America added 1.3%. UnitedHealth Group gained 1.4%.

Technology stocks contained the index gains. Chipmaker Nvidia fell 2.2%.

Restaurant chains, retailers and other businesses that rely on direct consumer spending also fell. Olive Garden owner Darden Restaurants was down 2.36%, while Dollar Tree fell 2.1%.

World Wrestling Entertainment jumped 8% after CEO Vince McMahon retired on Friday amid an investigation into alleged misconduct.

Weber fell 13.4% after the Illinois-based grill maker announced the departure of CEO Chris Scherzinger. It also withdrew its forecast for 2022 and suspended its dividend.

Newmont slid 12.2% after the gold miner’s second-quarter profits fell sharply from a year earlier amid higher costs and weaker gold prices.

Bond yields rose. The two-year Treasury yield, which tends to move with Fed expectations, rose to 3.02% from 2.97% Friday night. The 10-year yield, which influences mortgage rates, rose from 2.78% to 2.81%.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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MarketAxess (NASDAQ:MKTX) PT raised to $286.00 https://eumag.org/marketaxess-nasdaqmktx-pt-raised-to-286-00/ Sat, 23 Jul 2022 09:08:34 +0000 https://eumag.org/marketaxess-nasdaqmktx-pt-raised-to-286-00/ MarketAxess (NASDAQ:MKTX – Get a Rating) saw its price target raised by equity research analysts at Deutsche Bank Aktiengesellschaft from $284.00 to $286.00 in a research report released Thursday to clients and investors, reports The Fly. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 5.60% from the stock’s previous close. Several other research […]]]>

MarketAxess (NASDAQ:MKTX – Get a Rating) saw its price target raised by equity research analysts at Deutsche Bank Aktiengesellschaft from $284.00 to $286.00 in a research report released Thursday to clients and investors, reports The Fly. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 5.60% from the stock’s previous close.

Several other research analysts have also recently released reports on the stock. Piper Sandler lowered its target price on MarketAxess shares from $300.00 to $285.00 and set a “neutral” rating for the company in a Friday, July 1 report. Compass Point upgraded MarketAxess shares from a “sell” to a “neutral” rating and set a price target of $275.00 for the company in a Thursday, April 21 research report. Rosenblatt Securities raised its price target on MarketAxess shares from $383.00 to $395.00 and gave the company a “buy” rating in a Thursday, April 21 research report. Morgan Stanley cut its price target on MarketAxess shares from $338.00 to $325.00 and set an “equal weight” rating for the company in a research report Tuesday. Finally, Atlantic Securities cut its price target on MarketAxess shares from $340.00 to $306.00 and set a “neutral” rating for the company in a Friday, June 10 research report. Nine investment analysts gave the stock a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $327.56.

MarketAxess trades up 0.1%

MarketAxess shares opened at $270.84 on Thursday. The company has a fifty-day simple moving average of $270.07 and a 200-day simple moving average of $310.98. MarketAxess has a 12-month low of $249.01 and a 12-month high of $498.97. The stock has a market capitalization of $10.14 billion, a price-earnings ratio of 42.45 and a beta of 0.59.

MarketAxess (NASDAQ:MKTX – Get Rating) last released its results on Wednesday, July 20. The financial services provider reported earnings per share (EPS) of $1.78 for the quarter, beating the consensus estimate of $1.71 by $0.07. MarketAxess had a net margin of 34.77% and a return on equity of 23.55%. The company posted revenue of $182.20 million in the quarter, compared to $185.24 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $1.77. The company’s revenue for the quarter increased 3.3% year over year. On average, analysts expect MarketAxess to post earnings per share of 6.79 for the current fiscal year.

Insider activity

In other news, insider Christophe Pierre Danie Roupie sold 1,740 shares in a trade dated Tuesday, June 7. The shares were sold at an average price of $285.03, for a total value of $495,952.20. Following the completion of the transaction, the insider now owns 5,318 shares of the company, valued at approximately $1,515,789.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Insiders own 1.94% of the shares of the company.

Hedge funds weigh on MarketAxess

A number of large investors have recently changed their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in MarketAxess in Q4 valued at approximately $450,263,000. Goldman Sachs Group Inc. increased its stake in MarketAxess by 66.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 232,017 shares of the financial services provider valued at $95,423,000 after acquiring an additional 92,362 shares in the last quarter. Ownership Capital BV increased its stake in MarketAxess by 7.0% in the 4th quarter. Ownership Capital BV now owns 1,324,169 shares of the financial services provider valued at $544,591,000 after acquiring an additional 86,977 shares in the last quarter. Primecap Management Co. CA increased its stake in MarketAxess by 18.4% in the 1st quarter. Primecap Management Co. CA now owns 549,500 shares of the financial services provider valued at $186,940,000 after acquiring an additional 85,310 shares in the last quarter. Finally, Sei Investments Co. increased its stake in MarketAxess by 424.5% in the 1st quarter. Sei Investments Co. now owns 87,651 shares of the financial services provider valued at $29,741,000 after acquiring an additional 70,941 shares in the last quarter. Hedge funds and other institutional investors own 96.50% of the company’s shares.

About Market Axess

(Get an assessment)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investors and brokerage firms worldwide. It provides access to liquidity in investment-grade US bonds, US high-yield bonds and US Treasuries, as well as municipal bonds, emerging market debt, Eurobonds and other fixed-income securities. fixed income.

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