Daily Market Bulletin – 9 February 2022
Market Developments
Investors are upbeat as geopolitical jitters seem to ease and central banks appear to be in the background, following a couple of weeks of intense activity.
Lyft' stock declined in extended trading, as the ride-hailing firm's active riders dropped to 18.728 million in Q4 2021, from 18.942 million in the prior quarter, remaining in pre-pandemic level.
Revenue climbed to $969.9 million, 12% higher than the prior quarter and 70% than Q4 2020, while Net Loss narrowed to $258.6 million compared the loss of $458.2 million in the same period a year ago, but was larger the $71.5 million lost in Q3 2021. [1]
Netflix dominated yesterday's Oscar Nominations for the March 27 ceremony, with 27 nods, the Walt Disney Company followed with 23 and AppleTV+ clinched its first nomination for Best Picture, with CODA. [2]
Main Asia-Pacific stock markets traded higher and European futures follow suit, while US 10YR Yields retreat.
The FX space appeared mostly quite, with US Dollar and the JPY Basket soft, whereas Antipodeans (AUD,NZD) remain upbeat against the greenback.
Instruments Snapshot
EUR/USD consolidates below 1.1350, following its poor start to the week.
GBP/USD finds support around 1.3550.
USD/JPY lacks direction as it covers earlier losses, trying to retake 115.50.
USD/CAD is cautious, trading around 1.2700.
AUD/USD enters its third straight profitable day, testing 0.7150.
NZD/USD stays on the front foot, trying to surpass 0.6650.
GER30 extends gains, eyeing 15,400.
US30 is upbeat, probing 35,600.
USOIL stays on the back foot, threatening $89.00.
XAU/USD trades with positive undertone below 1,830.
Economic Calendar Picks (GMT)
Another data-light day today, although we expect some central bank speakers, with Bank of Canada governor Tiff Macklem standing out (17:00).
The Walt Disney company announces its quarterly results, after markets close in the US and so does Uber. On the European front, cosmetics giant L'Oreal reports after the French stock market closes.
See the economic calendar here.
Nikos Tzabouras
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
References
| Retrieved 09 Feb 2022 https://investor.lyft.com/news-and-events/news/news-details/2022/Lyft-Announces-Solid-Q421-and-Fiscal-2021-Results/default.aspx | |
| Retrieved 10 Apr 2026 https://www.oscars.org/oscars/ceremonies/2022 |
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