Amazon plunges after earnings disappointed

 

AMERICAN MARKETS MID DAY

At European closing time, US stock markets are evolving below the flat line with the Nasdaq 100 losing 0,76% and the Dow Jones 0,34%, while the Bureau of Economic Analysis reported that personal consumption grew 1% in June. ExxonMobil, Chevron, Caterpillar, P&G, and Colgate all reported increases in revenue while Amazon.com posted an underwhelming earnings report making the share price dropped by 7,27%.

AMERICAN MARKETS
NASDAQ 10015 575.130.10%
DOW JONES34 820.24-0.17%
S&P 5004 491.96-0.02%
RUSSELL 20002 248.13-0.04%
S&P/TSX20 716.050.07%
S&P MERVAL76 729.45-0.52%
IBRX BRAZIL49 531.130.17%
IPC MEXICO51 668.190.56%

 

EUROPEAN MARKETS CLOSING

For the last day of the week, European markets closed lower with the CAC 40 droping by 0,32%, the DAX by 0,61% led by Fresenius Medical Care plunging by 4,30% and the FTSE 100 losing 0,65% driven by IAG Group sinking by 7,40%. On the data front, the Eurozone  confirmed GDP growth at 2% in the second quarter of 2021, with the unemployment rate going down to 7,7% in June from a revised figure of 8,0% in May and inflation rising to 2,2% in July.

EUROPEAN MARKETS
CAC 406 663.77-0.31%
FTSE 1007 029.200.07%
DAX15 609.81-0.09%
SMI12 061.58-0.45%
AEX788.490.17%
IBEX 358 695.30-1.20%
FTSE MIB25 686.47-0.86%
EURO STOXX 504 170.35-0.16%
OMX NORDIC 402 377.52-0.52%

 

ASIAN PACIFIC MARKETS CLOSING

Asia-Pacific region traded lower today with Chinese back in the red after yesterday’s bounce with the Hang Seng retreating by 1,35% and mainland indexes by 0,42% and 0,81%, while China Evergrande Group plummeted by 11% after a court froze the assets of the highly-indebted real estate developer’s listed onshore subsidiary. Meanwhile, Japan is planning to expand the state of emergency to other regions, the Nikkei 225 is down by 1,80%.

ASIAN PACIFIC MARKETS
NIKKEI 22530 381.841.25%
KOSPI3 125.760.36%
HANG SENG26 205.911.91%
CSI 3005 013.520.88%
SSE COMPOSITE INDEX3 703.110.27%
NIFTY 5017 369.250.09%
S&P/ASX 2007 403.700.15%
FTSE STRAITS TIMES INDEX3 098.800.88%
VN INDEX1 345.310.10%

 

COMMODITIES & FOREX MARKETS

Crude oil prices edged higher today, set for a second straight weekly gain but below recent highs following disappointing U.S. growth data and Covid worries.

COMMODITIES
OIL BRENT73.002.17%
OIL WTI69.842.49%
NATURAL GAS4.947-1.67%
GOLD1 793.25-0.38%
PALLADIUM2 126.25-0.77%
SILVER23.902-1.18%
WHEAT685.80-0.90%
COTTON92.71-0.55%
COCOA2 608.50-2.41%

CHANGES & CRYPTOS
EUR/CAD1.4939-0.23%
EUR/USD1.1818-0.06%
EUR/GBP0.8533-0.15%
EUR/RUB86.36250.07%
EUR/CHF1.08480.07%
BTC/USD45 525.15-3.59%
ETH/USD3 304.26-6.17%

 

Neuralink raised $205 million 

 

 

Elon Musk’s brain-machine interface company, Neuralink, has raised $205 million from investors including Google Ventures, Peter Thiel’s Founders Fund, and OpenAI CEO Sam Altman. It comes two years after Neuralink raised $51 million, making a total investment in the company is now standing at $363 million, according to startup tracking firm Crunchbase. Founded in 2016, Neuralink is trying to develop high-bandwidth brain implants that can communicate with phones and computers.

The company says its first product, called the N1 Link, will be « completely invisible » once implanted and transmits data over a wireless connection. Musk, the CEO of Neuralink as well as Tesla and SpaceX, has previously described the Neuralink as a Fitbit in your skull with tiny wires going into your brain. Neuralink said Thursday that their mission is to «develop brain-machine interfaces for the treatment of various brain-related diseases, with the ultimate goal of creating a whole-brain interface capable of closer connection between biological and artificial intelligence». “With the direct neural interface, we can improve the bandwidth between your cerebral cortex and your digital university layer in many different ways,” said Musk.

In the long-term, Musk claims that Neuralink could allow humans to telepathically send concepts to each other and remain in state of « saved » after they die and could then be inserted into robot or another human being.

 

CAC 40PERFORMANCES
WORST PERFORMANCESTOP PERFORMANCES
Carrefour-1.77%Atos5.83%
Engie-2.05%STMicroelectronics1.66%
Vinci-2.30%Hermes0.97%
Alstom-2.70%Schneider Electric0.86%
Unibail Rodamco Wes-3.80%Louis Vuitton 0.77%

LEAVE A REPLY

Please enter your comment!
Please enter your name here