Tagged: COMEX

Apple’s stock price plummeted!

Tesla and China concept stocks skyrocketed during intraday trading, leading energy auto stocks

On the company side, the U.S. awarded transportation contracts to Uber and Lyft, causing the share prices of these two companies to rise intraday. Due to the strong optimism of brokerage firms, electric vehicles and China concept stocks ushered in a surge. Tesla shares rose more than 7% in intraday trading, setting a record high. The closing price was $521.49 per share. Happy Cars rose 50%, and Ideal Cars rose 14.3%. Xiaopeng Motors rose more than 30%, hitting a maximum of 70.17 US dollars, and its intraday market value exceeded 51.5 billion US dollars.

U.S. stocks opened higher on Monday and the Dow is expected to reach new highs

On Monday, November 23, the global capital market performed brilliantly on the first trading day of the week. The newly announced initial value of the Markit Manufacturing PMI in the United States in November rose to 56.7, a record high in six years. The Dow opened nearly 200 points higher. It is reported that Biden will nominate former Federal Reserve Chairman Yellen as the next Secretary of the Treasury of the United States. The Dow’s gains expanded more than 400 points after the news was announced, and Boeing’s gains exceeded 7%. The decline in US anti-epidemic technology stocks is the main reason that dragged down the Nasdaq’s intraday gains. Among the constituent stocks, Apple shares fell more than 2.3%, and the company’s chief security officer Thomas was accused of bribery. Apple’s stock price fluctuated around $113.80. The closing price fell 2.97%. Amazon fell at least 1.8% intraday, leading the market with Netflix.

Nevertheless, when the U.S. stock market closed, the Dow rose 327.79 points, or 1.12%, and this month is expected to be the best month since 1987. The S&P 500 and the Nasdaq gained 0.56% and 0.22% respectively.

Vaccine re-transmission is good, European stocks are cautious

In the early trading of European stocks, AstraZeneca announced that its vaccine candidate could prevent an average of 70% of coronavirus cases, boosting trading sentiment. Oil and gas stocks such as BP and Royal Dutch Shell led the market. The stocks of companies such as British Airways and Rolls-Royce also performed well. In addition, the November manufacturing PMI of Germany and the Eurozone was higher than expected. However, the November comprehensive PMI of France and the United Kingdom both reached new lows, and investors’ trading sentiment was very cautious. At the close, the three major European stock indexes closed slightly lower.

Britain and Canada sign agreement, economic and trade circle expansion pushes pound up

This past weekend, the UK and Canada signed a trade agreement, which included the exemption of tariffs on 98% of Canadian products exported to the UK. The UK’s economic and trade circle of friends expanded again after Japan, pushing up the exchange rate of the pound sterling to over 1.33 against the dollar.

Risk aversion cools down, international gold prices plummet, international oil prices rebound

In the metal market, positive economic news and significant progress in vaccine research and development have weakened investors’ demand for safe-haven gold. The price of gold plunged US$20 in the short term, and COMEX December gold futures closed down 1.85% to US$1837.80 per ounce.

International oil prices rebounded due to economic demand. WTI crude oil futures for January delivery in New York closed at $43.06 per barrel, an increase of 1.51%. International Brent oil prices rose 2.45% to US$46.06 per barrel.

In addition, due to the strengthening of the US dollar, copper prices fell on Monday from the 29-month high reached last Friday, but strategists believe that copper prices may still rise.