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Tesla Stock Will Head Lower From Here. The Charts Don't Lie.

Tesla stock fell after the EV maker’s earnings report and conference call disappointed investors. Tesla stock could fall further, technical analysis suggests.

John-roque , Spencer-platt-getty , Katie-stockton , Nasdaq , V-research , Getty-images , Nasdaq-composite , Fairlead-strategies , Wall-street , Article-normal , Motor-vehicles , Alternative-fuel-vehicles

China Woes Cast Markets Shadow as New Year Starts: Markets Wrap

(Bloomberg) -- Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares. US equity futures were little changed, while Europe’s Stoxx 600 traded 0.3% higher, buoyed by oil companies as traders awaited euro-zone manufacturing statistics. Chinese shares fell after the factory data and a speech from President Xi Jinping that flagged headwinds facing the economy. Oil jumped jumped after Iran dispatched a warship to the Red Sea in response to the US Navy’s sinking of three Houthi boats over the weekend, adding to pressure as ships continue to avoid the key waterway. Bitcoin climbed above $45,000 for the first time in almost two years as anticipation of an approval of an exchange-traded fund investing directly in the biggest token intensified. Signs of exhaustion have emerged after a more than $8 trillion surge in the S&P 500 last year. “With an especially rare S&P nine-week winning streak already in the books, the index into resistance near the 4,800 level, and daily and weekly overbought readings, too, these factors combine to say we should expect some type of a consolidation, correction, or pullback — something,” John Roque, technical analyst at 22V Research, wrote in a note. Sentiment in Asia was also dented after people familiar said ASML Holding NV, which makes semiconductor manufacturing equipment, canceled shipments of some of its machines to China at the request of US President Joe Biden’s administration. The yen weakened against all of its Group-of-10 peers in thin trading as investors monitored conditions after an earthquake in Japan on Monday. President Xi in his annual new year address televised Sunday pledged to strengthen economic momentum and job creation, while conceding some “enterprises had a tough time” and “people had difficulty finding jobs and meeting basic needs.” Despite the persisting weakness in China, some investors consider a slump of almost 60% is a signal to buy Chinese stocks. Almost a third of 417 respondents to Bloomberg’s latest Markets Live Pulse survey say they will increase their China investments over the next 12 months. Key events this week: Eurozone S&P Global Eurozone Manufacturing PMI, Tuesday UK S&P Global UK Manufacturing PMI, Tuesday Germany unemployment, Wednesday US FOMC minutes, ISM Manufacturing, job openings, light vehicle sales, Wednesday Richmond Fed President Tom Barkin — an FOMC voter in 2024 — speaks, Wednesday China Caixin services PMI, Thursday Eurozone S&P Global Eurozone Services PMI, Thursday US initial jobless claims, ADP employment, Thursday Eurozone CPI, PPI, Friday US nonfarm payrolls/unemployment, factory orders, ISM services index, Friday Richmond Fed President Tom Barkin — an FOMC voter in 2024 — speaks, Friday Some of the main moves in markets: Stocks The Stoxx Europe 600 rose 0.4% as of 8:19 a.m. London time S&P 500 futures rose 0.1% Nasdaq 100 futures were little changed Futures on the Dow Jones Industrial Average rose 0.1% The MSCI Asia Pacific Index fell 0.4% The MSCI Emerging Markets Index fell 0.6% Currencies The Bloomberg Dollar Spot Index was little changed The euro fell 0.1% to $1.1029 The Japanese yen fell 0.3% to 141.33 per dollar The offshore yuan fell 0.2% to 7.1368 per dollar The British pound rose 0.2% to $1.2751 Cryptocurrencies Bitcoin rose 4.9% to $45,758.51 Ether rose 2.7% to $2,400.49 Bonds The yield on 10-year Treasuries advanced five basis points to 3.93% Germany’s 10-year yield advanced five basis points to 2.08% Britain’s 10-year yield advanced seven basis points to 3.61% Commodities Brent crude rose 1.5% to $78.20 a barrel Spot gold rose 0.5% to $2,073.65 an ounce This story was produced with the assistance of Bloomberg Automation. --With assistance from Joanna Ossinger and Zhu Lin. ©2024 Bloomberg L.P.

Red-sea , Djibouti-general- , Djibouti , Shanghai , China , United-kingdom , Hong-kong , Iran , Japan , Germany , Tokyo , Taiwan

New Year, same old concerns as markets open

New Year, same old concerns as markets open
investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.

Japan , Iran , Red-sea , Djibouti-general- , Djibouti , United-kingdom , China , Germany , London , City-of , Chinese , Britain

Markets today: Nasdaq futures drop 1%, bonds retreat after rally

Markets today: Nasdaq futures drop 1%, bonds retreat after rally
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

United-kingdom , Germany , London , City-of , Iran , Japan , Britain , British , Japanese , German , John-roque , Tom-barkin

Niall McCullough's Dublin – Creation Occupation Destruction: tales of the city – The Irish Times

A valuable addition to the literature on our capital, although the overall tone is grim, especially the final chapter: Destruction

Georgia , United-states , Dublin-castle , Dublin-city , Ireland , Brazen-head , Waterford , Kilmainham , Dublin , Georgian , Irish , James-joyce

Is It Time to Sell Oil Stocks? They've Had a Great Run.

The main ETF holding oil stocks has more than tripled from the low it hit early in the pandemic. Don't expect to ride it higher.

Israel , Ukraine , Texas , United-states , Brandon-bell-getty , John-roque , Jacob-sonenshine , Energy-select-sector , Federal-reserve , V-research , Getty-images , Texas-intermediate

Apple Stock Is Set for Worst Month of the Year. What Comes Next.

Apple stock has fallen more than 10% since its July highs. Here's what analysts are saying about the iPhone maker's prospects.

China , Chinese , Monica-rizk , Justin-sullivan-getty , Adam-clark , John-roque , V-research , Wall-street , Getty-images , Wall-street-journalreported , Nasdaq-composite-index

Apple Stock Set for Worst Month of 2023. This iPhone Problem Isn't Helping.

Apple stock has fallen more than 10% since its July highs. Here's what analysts are saying about the iPhone maker's prospects.

China , Chinese , Justin-sullivan-getty , John-roque , Adam-clark , Monica-rizk , V-research , Wall-street , Getty-images , Wall-street-journalreported , Nasdaq-composite-index