StockWatch: Week of November 29 – December 03
This week we saw M&A news, with Australian firms in the spotlight, while Didi’s delisting announcement, Nvidia and Facebook regulatory scrutiny, were some of the themes that also stood out.
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This week we saw M&A news, with Australian firms in the spotlight, while Didi’s delisting announcement, Nvidia and Facebook regulatory scrutiny, were some of the themes that also stood out.
The US Federal Trade Commission (FTC) sued on Thursday, to block Nvidia Corp.’s $40 billion acquisition of U.K. chip designer Arm Ltd
Daily Chart Further to our previous article, XAUUSD's daily chart has turned bearish. The mid orange moving average has crossed below the longer red moving average (aqua ellipse). This puts the moving averages into a bearish formation. The stochastic is also in the lower quintile, suggesting an underlying bearish momentum. The longer the stochastic maintains this position, the greater the probability for lower prices ahead. If the longer red moving…
OPEC and allies decided not to diverge from their production plan and agreed yesterday to add 400K barrels/day on January, as they have been doing since August
The pair stays on the back foot as investors continue to monitor Omicron developments and await key US Jobs report later in the day
The pair lacks firm direction, as risk tones normalize today, following a few tumultuous days that culminated to new 2021 lows earlier in the week
Sentiment took another nosedive yesterday on news of the first Omicron case in the US, but today the pair rises, in the aftermath of Mr Powell’s two-day hawkish commentary
The German index is upbeat and tries to build on Wednesday’s profits, despite fresh risk-off wave on Omicron news yesterday
The two Chinese Electric Vehicle (EV) makers released today their deliveries for the month of October, not long after they had provided their quarterly results for the third quarter
Risk is at a better place today, allowing the pair to extend its recovery from Tuesday’s 2021 lows, caused by mr Powell’s hawkish testimony
Fed Chair Powell offered hawkish remarks during yesterday’s Senate testimony and created volatility in the markets, with the pair being soft today
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