At the start of Monday's European trading hours, the stock price of Morrisons Supermarkets jumped by 10.33% or 24.88 GBP. The stock price surged due to the fact that on Saturday the company agreed to an $8.7 billion takeover bid. The most recent bid was made by Fortress Investment Group, which is owned by SoftBank. The offer outbid the
On Friday, at 12:30 GMT, the US Dollar declined in value due to the publication of US employment data. The EUR/USD surged by 27 base points in the five minutes following the release. The data release consisted of three data sets. The Average Hourly Earnings change, the Non-Farm Employment Change and the Unemployment Rate were released. The Average Hourly Earnings changed
At the start of Wednesday's US trading hours, the stock price for AMD jumped by 4.30% or $3.80. The stock has recovered losses that were suffered since January. The stock price extended a surge, which began two weeks ago. On June 17, it was revealed that Google would use AMD chips for their new services instead of competition. Namely, there
The stock price of Microsoft has been surging since the middle of May. Most recently, the stock price hit the $271.65 level and booked a new all-time-high level. The surge can be explained by various factors. First of all, the price had finished a retracement down on May 13 in the aftermath of booking a high on April 27. Namely, the
On Monday, June 28, the stock price of Facebook surged by 4.43% or $15.20. By doing so, the company's total valuation reached above one trillion USD. The surge of the stock was caused by the announcement that a US Judge had dismissed state and federal antitrust claims against Facebook, which wanted the company to sell WhatsApp and Instagram. In the meantime
At the start of Thursday's US trading hours, the stock price for Nvidia hit a new all-time record level, as the price hit the 727.00 level. The stock price has extended a more than 33.00% surge which started on May 19. The stock price has been surging since the announcement of an upcoming stock split and better than forecast
During Wednesday's trading hours, crude oil prices hit a new record high. In the case of the surge continuing, crude oil price benchmarks could reach 2019 high levels. For example, on Wednesday morning, the price for US light crude oil was 4.10 USD from 2019 high level. The gains in crude oil prices were attributed to a recovery in demand
During early Thursday's US trading hours, the stock price of General Motors tested its all-time-high level at 66.44.The stock price has been surging since May 12. Since that date the price has gained 17.83%. The surge can be attributed to an initial recovery after a period of retracing back down in the aftermath of booking a new all-time-high level. Afterwards, it
At the start of Wednesday's US trading hours, the stock price of Nvidia hit a new all-time-high level at $661.00 per share. The stock price extended a surge, which started on May 19. Since then, the price had gained 21.87%. The surge was attributed initially due to the announcement of a 4-for-1 stock split. Moreover, it was followed up by
During Friday's US trading hours, the stock price of Nvidia surged by 3.77%. The move was attributed to the company announcing a 4-for-1 stock split. The company intends to make its stock less expensive for new potential investors. In addition, note that the recent move extended a recent recovery of the stock price into its third day. In total, the stock
On Wednesday, Netflix reported slowing subscriber growth in the current year's Q1, as the pandemic hurt the movies and TV shows production, sending the streaming service's shares down. At the time of reporting, the share price had booked a loss of more than 8.00%
During Thursday's US trading hours, the stock price of Nvidia touched the 642.66 level, which for the stock was a new all-time-high level. The surge occurred, as the company had announced a string of good news. Among the news were an exceeding of profits by $5.3 billion, new chip that would challenge Intel and a new deal with Volvo. In addition, note
During Tuesday's US trading hours, the stock price of Tesla surged 3.93%. The move up occurred with normal volatility. However, it was spotted that the stock price had recovered above the March high levels, which provided resistance and kept the price down both in March and April.
During Friday's trading hours, the stock price of Airbus surged by 3.15% and reached the 104.13 level. By doing so, the equity shortly traded above the previous post-coronavirus March 2020 high level of 104, which was reached in late February. The latest 3.15% surge was attributed to the company's announcement that a recovery of air travel in the US and
On Thursday, the stock price for Microsoft for the first time ever reached above the 250.00 USD mark, as during the early hours of the day's trading the stock gained more than 1.00%. In addition, since March 31, the stock has gained almost 10.00% in value. The surge started, as Microsoft announced that it had won a $21.9 billion contract
During Wednesday's US trading hours, AMZN stock price surged by 2.07%, as it entered a fourth consecutive trading session of gains. Since March 31, the stock price had gained more than 7.55%. The surge started, as the US President Joe Biden singled out Amazon as one of the companies, which should pay bigger taxes. However, it was the reply of
During Tuesday's US trading hours, US stock indices reached new all-time-high levels. During the hour to 15:00 GMT, the USA 500 index hit the 4085.75 level. In addition, note that the markets have been booking new high levels since breaching the March high on April 1. In total, the index has gained 2.30%.
Credit Suisse stock price started the week's trading with a 13.28% drop. The drop was caused by the company announcing that it would suffer major losses due to a hedge fund defaulting. Namely, Archegos Capital defaulted on margin calls to Credit Suisse and other large banks. Moreover, the recent drop extended the stocks most recent decline above 25.00%. The stock price
At the start of Thursday's US trading hours, the stock price of Freeport McMoran started the day with a 2.56% drop. In addition, the price of the miner extended an almost two week long decline from the all-time high level reached on March 12. In total, the stock price has retraced down 18.72% or $7.10 from $37.92 per share.
On Monday, the Turkish Lira plummeted in value, as the USD/TRY currency exchange rate jumped by 17.07%. In addition, take into account that the rate almost reached the 2020 high level. The event was caused by the President of Turkey Tayyip Erdogan firing the Head of the Turkish Central Bank Naci Agbal and replacing him with Sahap Kavcioglu. Agbal
On Thursday, the price for GM stock reached the 62.15 USD level and booked a new all-time high level. From a technical perspective, the price broke the previous all-time high on its fourth attempt. Afterwards a new high was booked last Friday before retracing back down. The prior high was confirmed as support and the most recent surge started. From a
During Wednesday's European trading hours, the stock price for Volkswagen surged by 7.00% or 14.50 EUR. The stock price extended a three day surge, which was caused by a string of positive news from the company. During this week the price had gained 16.25% or 31.10 EUR. Among the news were expected increases of earnings in 2021, dealings
During early Tuesday's US trading hours, the stock price of Tesla recovered by 12.46% or 70.35 USD. Previously, on Friday, the stock price hit a record low of 540.00 and booked a 40.00% retracement down from January's record high level.
During Friday's European trading hours, crude oil price benchmarks continued their surge, as 14-month high levels were reached. Crude oil prices have gained more than 80% since the start of November, as the global coronavirus vaccination was expected to bring back demand. Meanwhile, OPEC+ has cut its supply in an effort to fuel the price surge.