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Tesla Stock (TSLA) Technical Analysis & Tesla Stock Market News -April 02, 2021 | Capital Street Fx
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TRADE SIGNAL AS ON 06-04-2021
#AUDCHF
BUY=0.7165
TARGET=0.7189
SL=0.7147
#NATURAL GAS
SELL =2.507
TARGET=2.453
SL=2.592
#APPLE COMPUTER INC.
BUY=125.69
TARGET=127.00
SL=123.90
#LITECOIN USD
BUY=222.79
TARGET=230.45
SL=215.07
#FTSEMIB 40
SELL =22130.00
TARGET=22013.00
SL=22237.38
TRADE SIGNAL AS ON 06-04-2021
#AUDCHF
BUY=0.7165
TARGET=0.7189
SL=0.7147
#NATURAL GAS
SELL =2.507
TARGET=2.453
SL=2.592
#APPLE COMPUTER INC.
BUY=125.69
TARGET=127.00
SL=123.90
#LITECOIN USD
BUY=222.79
TARGET=230.45
SL=215.07
#FTSEMIB 40
SELL =22130.00
TARGET=22013.00
SL=22237.38
TOP 5 STOCKS TO WATCHOUT:-
1.#BYTE DANCE - An Indian court on Tuesday dealt a blow to China's ByteDance by dismissing its plea to unblock its bank accounts which have been frozen by federal authorities investigating alleged tax evasion.
An Indian tax intelligence agency in mid-March ordered HSBC and Citibank in Mumbai to freeze accounts of ByteDance India as it probed some of the firm's financial dealings. ByteDance challenged the move in court saying the freeze amounts to harassment and was done illegally.
After a government counsel said ByteDance owed the authorities about 790 million rupees ($11 million), the High Court in Mumbai said the company will need to keep that amount blocked in a state-run bank.
That "account will be frozen", the two-judge bench said.
2.#LG ELECTRONICS:- LG Electronics' move to exit its loss-making mobile business is expected to create more opportunities for Samsung than its other rivals in the lucrative North American smartphone market, analysts said.
LG's U.S. market share currently stands at about 10%, research firms Gartner and Counterpoint estimated, adding it was stronger in markets where it partnered with telecom companies to include its devices as part of a mobile plan.
"Apple tends to cater to the higher end of the (U.S.) market; so it might grab a small portion of LG's sales," Gartner analyst Tuong Nguyen said. "It's more likely that Samsung inherits a lot of it because both vendors compete across similar markets."
Globally, LG's market share shrank to 2% in 2020, a massive drop from its status as the world's third-largest smartphone maker behind Samsung Electronics and Apple Incduring its peak in 2013.
The company shipped 23 million phones last year, compared with Samsung's 256 million, according to Counterpoint.
Counterpoint analyst Tarun Pathak said LG was mostly competing in the mid-tier, as its flagship phones received a tepid market response.
"So it will be mostly the Chinese and mid-tier brands benefiting through the LG exit. In its key market like USA – Samsung, Motorola, HMD mostly, Alcatel to a lesser extent) will benefit, while Xiaomi Motorola will benefit in LATAM and Samsung in Korea," Pathak added.
Tech enthusiasts on Twitter lamented the exit of the once-ubiquitous name in the smartphone industry, with many crediting LG for pioneering the now-familiar features such as ultra-wide-angle camera and capacitive touchscreen in mobile devices.
"They didn't always ace every phone, but losing them means losing a competitor that was willing to try new things, even when they didn't work," popular YouTuber Marques Brownlee said in a tweet.
3.#ACER:-A global shortage of chips for mid-end consumer products is starting to ease and will be much better come the second half of the year, a senior executive at Taiwan's Acer Inc, the world's No. 5 PC vendor by shipments, said on Tuesday.
From delayed car deliveries to a supply shortfall in home appliances to costlier smartphones, businesses and consumers across the globe are facing the brunt of an unprecedented shortage in semiconductor microchips.
Originally concentrated in the auto industry, the shortage has now spread to a range of other consumer electronics, including smartphones, refrigerators and microwaves.
Andrew Hou, Acer's president for Pan-Asia Pacific Operations, told reporters in Taipei that since the problem first became apparent in the fourth quarter of last year, the supply chain has "jumped into action" as suppliers worked to address the situation.
Hou said he expected better supplies in the second quarter compared with the first quarter of this year, and that the situation in the second half will be better than the second quarter.
"That's what we are seeing at the moment," he added.
The shortage stems from a confluence of factors as carmakers, which shut plants during the COVID-19 pandemic last year, compete against the sprawling consumer electronics industry for chip supplies.
1.#BYTE DANCE - An Indian court on Tuesday dealt a blow to China's ByteDance by dismissing its plea to unblock its bank accounts which have been frozen by federal authorities investigating alleged tax evasion.
An Indian tax intelligence agency in mid-March ordered HSBC and Citibank in Mumbai to freeze accounts of ByteDance India as it probed some of the firm's financial dealings. ByteDance challenged the move in court saying the freeze amounts to harassment and was done illegally.
After a government counsel said ByteDance owed the authorities about 790 million rupees ($11 million), the High Court in Mumbai said the company will need to keep that amount blocked in a state-run bank.
That "account will be frozen", the two-judge bench said.
2.#LG ELECTRONICS:- LG Electronics' move to exit its loss-making mobile business is expected to create more opportunities for Samsung than its other rivals in the lucrative North American smartphone market, analysts said.
LG's U.S. market share currently stands at about 10%, research firms Gartner and Counterpoint estimated, adding it was stronger in markets where it partnered with telecom companies to include its devices as part of a mobile plan.
"Apple tends to cater to the higher end of the (U.S.) market; so it might grab a small portion of LG's sales," Gartner analyst Tuong Nguyen said. "It's more likely that Samsung inherits a lot of it because both vendors compete across similar markets."
Globally, LG's market share shrank to 2% in 2020, a massive drop from its status as the world's third-largest smartphone maker behind Samsung Electronics and Apple Incduring its peak in 2013.
The company shipped 23 million phones last year, compared with Samsung's 256 million, according to Counterpoint.
Counterpoint analyst Tarun Pathak said LG was mostly competing in the mid-tier, as its flagship phones received a tepid market response.
"So it will be mostly the Chinese and mid-tier brands benefiting through the LG exit. In its key market like USA – Samsung, Motorola, HMD mostly, Alcatel to a lesser extent) will benefit, while Xiaomi Motorola will benefit in LATAM and Samsung in Korea," Pathak added.
Tech enthusiasts on Twitter lamented the exit of the once-ubiquitous name in the smartphone industry, with many crediting LG for pioneering the now-familiar features such as ultra-wide-angle camera and capacitive touchscreen in mobile devices.
"They didn't always ace every phone, but losing them means losing a competitor that was willing to try new things, even when they didn't work," popular YouTuber Marques Brownlee said in a tweet.
3.#ACER:-A global shortage of chips for mid-end consumer products is starting to ease and will be much better come the second half of the year, a senior executive at Taiwan's Acer Inc, the world's No. 5 PC vendor by shipments, said on Tuesday.
From delayed car deliveries to a supply shortfall in home appliances to costlier smartphones, businesses and consumers across the globe are facing the brunt of an unprecedented shortage in semiconductor microchips.
Originally concentrated in the auto industry, the shortage has now spread to a range of other consumer electronics, including smartphones, refrigerators and microwaves.
Andrew Hou, Acer's president for Pan-Asia Pacific Operations, told reporters in Taipei that since the problem first became apparent in the fourth quarter of last year, the supply chain has "jumped into action" as suppliers worked to address the situation.
Hou said he expected better supplies in the second quarter compared with the first quarter of this year, and that the situation in the second half will be better than the second quarter.
"That's what we are seeing at the moment," he added.
The shortage stems from a confluence of factors as carmakers, which shut plants during the COVID-19 pandemic last year, compete against the sprawling consumer electronics industry for chip supplies.
Consumers have stocked up on laptops, gaming consoles and other electronic products during the pandemic, leading to tighter inventory. They also bought more cars than industry officials expected last spring, further straining supplies.
Hou said that sales in his region, which excludes China, are booming, as companies and governments seek laptop computers to help people study and work from home.
4. #BritishAirways:The chief executive of British Airways said he is optimistic that international travel can resume from May 17 despite Britain warning on Monday that it was too soon to say whether holidays could restart.
"We are optimistic that travel can resume on the 17th of May, and the British public should not lose hope, and we remain optimistic that this will happen," BA CEO Sean Doyle told an online briefing.
5.#KKR&Co-Private equity powerhouse KKR & Co said on Tuesday it has raised $15 billion for its fourth Asia-Pacific focused fund, marking the region's biggest private equity fund at a time when buyout-backed deals are on the rise.
U.S.-based KKR started marketing the new Asia fund towards the end of 2019, initially targeting $12.5 billion, sources familiar with the situation have said previously."Companies across Asia Pacific are recognising their potential to become not only national and regional champions but also global leaders in their industries," Ashish Shastry, KKR's co-head of Asia Pacific private equity, said in a statement announced the fund-raising.
KKR said the fund exceeded its target size to reach its hard cap for fund investors' commitments and received strong support from new and existing global investors, including significant representation from Asia Pacific-based investors.
Coronavirus-spurred growth in the technology sector is expected to drive M&A activity in Asia this year. Private equity-backed deals in the region rose 51% to a record $129 billion last year.
Many regional funds including China's Primavera Capital and Boyu Capital are also raising funds, while Hillhouse Capital is targeting raising $13 billion, sources have said.
KKR said its fund would tap into opportunities stemming from rising consumer spending and urbanisation trends, as well as corporate carve-outs, spin-offs and consolidation
Hou said that sales in his region, which excludes China, are booming, as companies and governments seek laptop computers to help people study and work from home.
4. #BritishAirways:The chief executive of British Airways said he is optimistic that international travel can resume from May 17 despite Britain warning on Monday that it was too soon to say whether holidays could restart.
"We are optimistic that travel can resume on the 17th of May, and the British public should not lose hope, and we remain optimistic that this will happen," BA CEO Sean Doyle told an online briefing.
5.#KKR&Co-Private equity powerhouse KKR & Co said on Tuesday it has raised $15 billion for its fourth Asia-Pacific focused fund, marking the region's biggest private equity fund at a time when buyout-backed deals are on the rise.
U.S.-based KKR started marketing the new Asia fund towards the end of 2019, initially targeting $12.5 billion, sources familiar with the situation have said previously."Companies across Asia Pacific are recognising their potential to become not only national and regional champions but also global leaders in their industries," Ashish Shastry, KKR's co-head of Asia Pacific private equity, said in a statement announced the fund-raising.
KKR said the fund exceeded its target size to reach its hard cap for fund investors' commitments and received strong support from new and existing global investors, including significant representation from Asia Pacific-based investors.
Coronavirus-spurred growth in the technology sector is expected to drive M&A activity in Asia this year. Private equity-backed deals in the region rose 51% to a record $129 billion last year.
Many regional funds including China's Primavera Capital and Boyu Capital are also raising funds, while Hillhouse Capital is targeting raising $13 billion, sources have said.
KKR said its fund would tap into opportunities stemming from rising consumer spending and urbanisation trends, as well as corporate carve-outs, spin-offs and consolidation
What has changed for the market while you were sleeping?
Key Highlights
#Marketreport - 6th April 2021
In the Forex market, GBPUSD up 0.15% at 1.39153. The USDJPY flat at 110.164. The USDCHF up 0.08% at 0.93704. EURUSD up 0.04% at 1.18149, EUR/GBP down 0.02% at 0.84906. The USD/CNY down 0.23% at 6.5498, at the time of writing.
In the commodity market U.S Gold futures up 0.48% at $1,736.74. Elsewhere, Silver futures up 0.88% to $25.081 per ounce, Platinum up 0.24% at $1212.51 per ounce, and Palladium down 0.45% to $2,650.50.
In the Cryptocurrency Markets, BTCUSD at 58668.38 down 0.77%, Ethereum at 2123.50 up 0.80%, Litecoin at 221.19 down 0.19%, at the time of writing.
Important Data
RUSSIA CPI (MoM) (Mar) today at 12:00 this time estimated 0.6%, previously which was 0.8%.
US JOLTs Job Openings (Feb) today at 10:00 this time estimated 6.995M, previously which was 6.917M.
EURO Unemployment Rate (Feb) today at 5:00 this time estimated 8.1%, previously which was 8.1%.
US API Weekly Crude Oil Stock today at 16:30 previously which was 3.910M.
Top mover Stocks
CARNIVAL Corp. up 4.654% at $28.11,
FORD MOTOR CO. up 4.355% at $12.70,
ETSY Inc. down 5.283% at $197.20,
HESS Corp. down 4.995% at $70.76,
INTEL Corp. up 3.083% at $66.54,
OKTA Inc. down 1.25% at $226.83,
DOCUSIGN Inc. down 0.31% at $205.65,
BOEING Co. up 2.53% at $259.36.
#TradeSignals #Technical Summary
GBPUSD - TRADE SUGGESTION- BUY AT 1.38815, TAKE PROFIT AT 1.39391 AND STOP LOSS AT 1.38566
FTSE100 - TRADE SUGGESTION- BUY AT 6774.10 TAKE PROFIT AT 6803.2 AND STOP LOSS AT 6740.60
ETHEREUM - TRADE SUGGESTION- BUY AT 2113.10 TAKE PROFIT AT 2134.68 AND STOP AT 2104.63
Click on the below link to read full report.
https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-06-april-2021/
Key Highlights
#Marketreport - 6th April 2021
In the Forex market, GBPUSD up 0.15% at 1.39153. The USDJPY flat at 110.164. The USDCHF up 0.08% at 0.93704. EURUSD up 0.04% at 1.18149, EUR/GBP down 0.02% at 0.84906. The USD/CNY down 0.23% at 6.5498, at the time of writing.
In the commodity market U.S Gold futures up 0.48% at $1,736.74. Elsewhere, Silver futures up 0.88% to $25.081 per ounce, Platinum up 0.24% at $1212.51 per ounce, and Palladium down 0.45% to $2,650.50.
In the Cryptocurrency Markets, BTCUSD at 58668.38 down 0.77%, Ethereum at 2123.50 up 0.80%, Litecoin at 221.19 down 0.19%, at the time of writing.
Important Data
RUSSIA CPI (MoM) (Mar) today at 12:00 this time estimated 0.6%, previously which was 0.8%.
US JOLTs Job Openings (Feb) today at 10:00 this time estimated 6.995M, previously which was 6.917M.
EURO Unemployment Rate (Feb) today at 5:00 this time estimated 8.1%, previously which was 8.1%.
US API Weekly Crude Oil Stock today at 16:30 previously which was 3.910M.
Top mover Stocks
CARNIVAL Corp. up 4.654% at $28.11,
FORD MOTOR CO. up 4.355% at $12.70,
ETSY Inc. down 5.283% at $197.20,
HESS Corp. down 4.995% at $70.76,
INTEL Corp. up 3.083% at $66.54,
OKTA Inc. down 1.25% at $226.83,
DOCUSIGN Inc. down 0.31% at $205.65,
BOEING Co. up 2.53% at $259.36.
#TradeSignals #Technical Summary
GBPUSD - TRADE SUGGESTION- BUY AT 1.38815, TAKE PROFIT AT 1.39391 AND STOP LOSS AT 1.38566
FTSE100 - TRADE SUGGESTION- BUY AT 6774.10 TAKE PROFIT AT 6803.2 AND STOP LOSS AT 6740.60
ETHEREUM - TRADE SUGGESTION- BUY AT 2113.10 TAKE PROFIT AT 2134.68 AND STOP AT 2104.63
Click on the below link to read full report.
https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-06-april-2021/
CFDs|Commodities | Stocks | Forex Trading | Broker |Capital Street FX
Technical Analysis Report – 06 April 2021 | Capital Street Fx
Technical Analysis of the Financial Markets, Technical Analysis is the art of forecasting future price movement.
TRAFFIC SLOWS IN SUEZ CANAL AS TANKER FACES DIFFICULTIES
Brent was trading 1.72% up at $63.13.
On the technical front, Brent Oil , RSI stood at 47.394, the current price is trading Below All the Moving Averages 5 & 50 . So, a Sell trade can be executed with the following target and stop-loss:
TRADE SIGNAL- Brent Oil – Sell: 63.15, TARGET :-62.15 , STOP LOSS :- 63.75.
https://www.capitalstreetfx.com/en/traffic-slows-in-suez-canal-as-tanker-faces-difficulties/
Brent was trading 1.72% up at $63.13.
On the technical front, Brent Oil , RSI stood at 47.394, the current price is trading Below All the Moving Averages 5 & 50 . So, a Sell trade can be executed with the following target and stop-loss:
TRADE SIGNAL- Brent Oil – Sell: 63.15, TARGET :-62.15 , STOP LOSS :- 63.75.
https://www.capitalstreetfx.com/en/traffic-slows-in-suez-canal-as-tanker-faces-difficulties/
CFDs|Commodities | Stocks | Forex Trading | Broker |Capital Street FX
Traffic slows in Suez Canal as tanker faces difficulties | Capital Street Fx
Brent was trading 1.72% up at $63.13. Marine traffic slowed in the Suez Canal on Tuesday as oil tanker M/T Rumford appeared to face difficulties in the south of the canal
BP HITS $35 BILLION NET DEBT TARGET WELL AHEAD OF SCHEDULE
BP (NYSE:BP) UP 3.40% AT 299.65
On technical fronts BP (NYSE:BP) RSI stood at 41.75 and currently stock is trading Below 20 days MA and Above 5 and 50 days Moving Averages. So, SELL position can be taken with following target and stoploss.
TRADE SIGNAL -: BP (NYSE:BP) – SELL: 300.00, TARGET: 295.03, STOP LOSS: 304.16
https://www.capitalstreetfx.com/en/bp-hits-35-billion-net-debt-target-well-ahead-of-schedule/
BP (NYSE:BP) UP 3.40% AT 299.65
On technical fronts BP (NYSE:BP) RSI stood at 41.75 and currently stock is trading Below 20 days MA and Above 5 and 50 days Moving Averages. So, SELL position can be taken with following target and stoploss.
TRADE SIGNAL -: BP (NYSE:BP) – SELL: 300.00, TARGET: 295.03, STOP LOSS: 304.16
https://www.capitalstreetfx.com/en/bp-hits-35-billion-net-debt-target-well-ahead-of-schedule/
CFDs|Commodities | Stocks | Forex Trading | Broker |Capital Street FX
BP hits $35 billion net debt target well ahead of schedule
BP (NYSE:BP) UP 3.40% AT 299.65. Energy group BP (NYSE:BP) said on Tuesday it expects to have hit its $35 billion net debt target in the first quarter
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL AS ON 07-04-2021
#NZDCHF
SELL =0.6569
TARGET=0.6556
SL=0.6579
#BRENT CRUDE OIL FUT
SELL =62.83
TARGET=62.02
SL=63.83
#SHOPIFY INC.
BUY=1156.31
TARGET=1178.91
SL=1131.26
#BTCUSD
BUY=58232.00
TARGET=58505.15
SL=57977.04
#CAC40
BUY=6137.1
TARGET=6144.3
SL=6131.20
TRADE SIGNAL AS ON 07-04-2021
#NZDCHF
SELL =0.6569
TARGET=0.6556
SL=0.6579
#BRENT CRUDE OIL FUT
SELL =62.83
TARGET=62.02
SL=63.83
#SHOPIFY INC.
BUY=1156.31
TARGET=1178.91
SL=1131.26
#BTCUSD
BUY=58232.00
TARGET=58505.15
SL=57977.04
#CAC40
BUY=6137.1
TARGET=6144.3
SL=6131.20
TOP 5 STOCKS TO WATCHOUT:-
1.#ALI EXPRESS :- Online retailer AliExpress Russia on Wednesday said an initial public offering was a possible step for the company, which reported gross merchandise volume (GMV) of $3 billion for the 2020-21 financial year.
A joint venture launched in 2019 with China's Alibaba and Russian partners, AliExpress Russia operates domestic and cross-border sales.
The company said it now has 29.1 million monthly active users on its online marketplace.
AliExpress Russia did not give a comparison for total GMV, which stood at 229.3 billion roubles ($2.96 billion) for the year to March 31. GMV for its domestic business was up 151% year-on-year at 54.9 billion roubles, the company said.
The COVID-19 pandemic gave a boost to Russia's e-commerce sector as health restrictions kept consumers at home, but AliExpress Russia, which depends on cross-border transactions for more than three quarters of its business, was slower to see the benefit as supply chains adjusted to new travel restrictions.
The company said an IPO was a possible step, but that such a decision was one for its shareholders.
"There are no specific plans for the dates - it may be next year or later," AliExpress Russia said.
CEO Dmitry Sergeev said the company's cross-border business grew in line with Russia's total e-commerce market, which analysts from market research firm Euromonitor put at almost 40% in 2020, and that its domestic business was growing ahead of the market.
2.#GOOGLE- Google research manager Samy Bengio said on Tuesday he was resigning, according to an internal email seen by Reuters, in a blow to the Alphabet Inc unit after the firings of his colleagues who questioned paper review and diversity practices.
Though at least two Google engineers had earlier resigned to protest the dismissal of artificial intelligence (AI) researcher Timnit Gebru, Bengio is the highest-profile employee yet to depart.
Google confirmed Bengio's resignation and his email. Bengio did not respond to requests for comment. Bloomberg earlier reported the news.
A distinguished scientist at Google, Bengio spent about 14 years at the company and was among its first employees involved in a decade-old project known as Google Brain that advanced algorithms crucial to the functioning of various modern AI systems.
Andrew Ng, an early Brain member who now runs software startup Landing AI, said Bengio "has been instrumental to moving forward AI technology and ethics." Another founding member, Jeff Dean, now oversees Google's thousands of researchers.
Google Brain researcher Sara Hooker in a tweet described Bengio's departure as "a huge loss for Google."
In the internal email Bengio had sent, he said he decided to leave Google to pursue "other exciting opportunities" and that his last day would be April 28.
Google fired staff scientist Margaret Mitchell in February after alleging she transferred electronic files out of the company. It fired fellow researcher Gebru in December after she threatened to quit rather than retract a paper.
1.#ALI EXPRESS :- Online retailer AliExpress Russia on Wednesday said an initial public offering was a possible step for the company, which reported gross merchandise volume (GMV) of $3 billion for the 2020-21 financial year.
A joint venture launched in 2019 with China's Alibaba and Russian partners, AliExpress Russia operates domestic and cross-border sales.
The company said it now has 29.1 million monthly active users on its online marketplace.
AliExpress Russia did not give a comparison for total GMV, which stood at 229.3 billion roubles ($2.96 billion) for the year to March 31. GMV for its domestic business was up 151% year-on-year at 54.9 billion roubles, the company said.
The COVID-19 pandemic gave a boost to Russia's e-commerce sector as health restrictions kept consumers at home, but AliExpress Russia, which depends on cross-border transactions for more than three quarters of its business, was slower to see the benefit as supply chains adjusted to new travel restrictions.
The company said an IPO was a possible step, but that such a decision was one for its shareholders.
"There are no specific plans for the dates - it may be next year or later," AliExpress Russia said.
CEO Dmitry Sergeev said the company's cross-border business grew in line with Russia's total e-commerce market, which analysts from market research firm Euromonitor put at almost 40% in 2020, and that its domestic business was growing ahead of the market.
2.#GOOGLE- Google research manager Samy Bengio said on Tuesday he was resigning, according to an internal email seen by Reuters, in a blow to the Alphabet Inc unit after the firings of his colleagues who questioned paper review and diversity practices.
Though at least two Google engineers had earlier resigned to protest the dismissal of artificial intelligence (AI) researcher Timnit Gebru, Bengio is the highest-profile employee yet to depart.
Google confirmed Bengio's resignation and his email. Bengio did not respond to requests for comment. Bloomberg earlier reported the news.
A distinguished scientist at Google, Bengio spent about 14 years at the company and was among its first employees involved in a decade-old project known as Google Brain that advanced algorithms crucial to the functioning of various modern AI systems.
Andrew Ng, an early Brain member who now runs software startup Landing AI, said Bengio "has been instrumental to moving forward AI technology and ethics." Another founding member, Jeff Dean, now oversees Google's thousands of researchers.
Google Brain researcher Sara Hooker in a tweet described Bengio's departure as "a huge loss for Google."
In the internal email Bengio had sent, he said he decided to leave Google to pursue "other exciting opportunities" and that his last day would be April 28.
Google fired staff scientist Margaret Mitchell in February after alleging she transferred electronic files out of the company. It fired fellow researcher Gebru in December after she threatened to quit rather than retract a paper.
3. #DELIVEROO:-Deliveroo shares rose on Wednesday, the first day retail investors could trade stock bought during the food delivery group's initial public offering (IPO), while some of the company's UK riders were expected to strike over fair pay.
At 0924 GMT on the first day of unrestricted trading, Deliveroo's shares were up 2.3% at 286.4 pence, but still about 25% lower than the IPO price, following a hefty first day tumble when it made its stock market debut in London last week.
Deliveroo was given an initial valuation of 7.6 billion pounds ($10.46 billion) through a 390 pence price tag per share.
"Though Deliveroo has risen...on the first day of trading available to retail investors, it’s too soon to tell whether this is a vote of confidence in the stock," said Connor Campbell, an analyst at Spreadex.
"The real test for the company is going to be the coming months, especially if a driver-strike does indeed go ahead."
Hundreds of Deliveroo riders were expected to strike on Wednesday, asking for fair pay and basic workers' rights, according to the Independent Workers' Union of Great Britain (IWGB).
A Deliveroo spokesperson said that in a survey carried out on Tuesday, 88% of riders said they were happy with the company.
4. #NOKIA-Finland's Nokia has settled a multi-year patent fight with China's Lenovo Group , the world's biggest PC maker, resolving all pending litigation across all jurisdictions, the companies said on Wednesday.
While terms of the cross-license agreement remain confidential, Lenovo will make a net balancing payment to Nokia, the Finnish telecom equipment maker said.
A Nokia spokesman declined to disclose the financial details.
Nokia launched its legal battle against Lenovo in 2019 over alleged infringement of 20 video-compression technology patents and had cases in the United States, Brazil and India, in addition to six cases in Germany.
Lenovo had also sued Nokia in a court in California.
A Munich court ruled in September that Lenovo infringed one of Nokia's patents, and it ordered an injunction and a recall of products from retailers.
"The global accord struck will enable future collaboration between our companies for the benefit of customers worldwide," said John Mulgrew, chief intellectual property officer of Lenovo.
Nokia's patent portfolio is composed of around 20,000 patent families, including over 3,500 patent families declared essential to the 5G technology standard.
5. #TOSHIBA-Toshiba Corp is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private, a person familiar with the matter said, as the Japanese industrial conglomerate faces pressure from activist shareholders to improve governance.
The proposed deal, which comes three weeks after shareholders approved an independent probe into the scandal-hit company, could shield managers, particularly Chief Executive Nobuaki Kurumatani, from that scrutiny. It would, however, invite regulatory review given its government work.
"Toshiba received an initial proposal yesterday, and will ask for further clarification and give it careful consideration," Toshiba said in a statement, without providing further details.
Toshiba's board, which includes Kurumatani who joined Toshiba from CVC, and Yoshiaki Fujimori, a senior advisor at the private equity firm, will discuss the proposal on Wednesday, the source with knowledge of the proposal said.
Shares in Toshiba were untraded in morning trade with buy orders overwhelming sell orders.
CVC is considering a 30% premium over Toshiba's current share price in a tender offer, putting the value of the deal at nearly 2.3 trillion yen ($21 billion) based on Tuesday's closing share price of 3,830 yen, said the source, who declined to be identified as the matter is private.
LightStream Research analyst Mio Kato, who publishes on investment research platform Smartkarma, described that offer price as too low.
At 0924 GMT on the first day of unrestricted trading, Deliveroo's shares were up 2.3% at 286.4 pence, but still about 25% lower than the IPO price, following a hefty first day tumble when it made its stock market debut in London last week.
Deliveroo was given an initial valuation of 7.6 billion pounds ($10.46 billion) through a 390 pence price tag per share.
"Though Deliveroo has risen...on the first day of trading available to retail investors, it’s too soon to tell whether this is a vote of confidence in the stock," said Connor Campbell, an analyst at Spreadex.
"The real test for the company is going to be the coming months, especially if a driver-strike does indeed go ahead."
Hundreds of Deliveroo riders were expected to strike on Wednesday, asking for fair pay and basic workers' rights, according to the Independent Workers' Union of Great Britain (IWGB).
A Deliveroo spokesperson said that in a survey carried out on Tuesday, 88% of riders said they were happy with the company.
4. #NOKIA-Finland's Nokia has settled a multi-year patent fight with China's Lenovo Group , the world's biggest PC maker, resolving all pending litigation across all jurisdictions, the companies said on Wednesday.
While terms of the cross-license agreement remain confidential, Lenovo will make a net balancing payment to Nokia, the Finnish telecom equipment maker said.
A Nokia spokesman declined to disclose the financial details.
Nokia launched its legal battle against Lenovo in 2019 over alleged infringement of 20 video-compression technology patents and had cases in the United States, Brazil and India, in addition to six cases in Germany.
Lenovo had also sued Nokia in a court in California.
A Munich court ruled in September that Lenovo infringed one of Nokia's patents, and it ordered an injunction and a recall of products from retailers.
"The global accord struck will enable future collaboration between our companies for the benefit of customers worldwide," said John Mulgrew, chief intellectual property officer of Lenovo.
Nokia's patent portfolio is composed of around 20,000 patent families, including over 3,500 patent families declared essential to the 5G technology standard.
5. #TOSHIBA-Toshiba Corp is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private, a person familiar with the matter said, as the Japanese industrial conglomerate faces pressure from activist shareholders to improve governance.
The proposed deal, which comes three weeks after shareholders approved an independent probe into the scandal-hit company, could shield managers, particularly Chief Executive Nobuaki Kurumatani, from that scrutiny. It would, however, invite regulatory review given its government work.
"Toshiba received an initial proposal yesterday, and will ask for further clarification and give it careful consideration," Toshiba said in a statement, without providing further details.
Toshiba's board, which includes Kurumatani who joined Toshiba from CVC, and Yoshiaki Fujimori, a senior advisor at the private equity firm, will discuss the proposal on Wednesday, the source with knowledge of the proposal said.
Shares in Toshiba were untraded in morning trade with buy orders overwhelming sell orders.
CVC is considering a 30% premium over Toshiba's current share price in a tender offer, putting the value of the deal at nearly 2.3 trillion yen ($21 billion) based on Tuesday's closing share price of 3,830 yen, said the source, who declined to be identified as the matter is private.
LightStream Research analyst Mio Kato, who publishes on investment research platform Smartkarma, described that offer price as too low.
What has changed for the market while you were sleeping?
Key Highlights
#Marketreport - 7th April 2021
In the Forex market, GBPUSD down 0.26% at 1.37860. The USDJPY up 0.08% at 109.578. The USDCHF down 0.07% at 0.93011. EURUSD down 0.03% at 1.18699, EUR/GBP up 0.22% at 0.86077. The USD/CNY up 0.02% at 6.5403, at the time of writing.
In the commodity market U.S Gold futures down 0.40% at $1,737.41. Elsewhere, Silver futures down 0.55% to $25.017 per ounce, Platinum up 0.13% at $1239.65 per ounce, and Palladium down 0.34% to $2,675.50.
Crude Oil up on Wednesday; Brent crude oil up 0.10% to $62.74 barrel while U.S. West Texas Intermediate (CLc1) is up 0.79% at $60.11.
Important Data
UK Composite PMI (Mar) today at 4:30 this time estimated 56.6, previously which was 56.6.
US Crude Oil Inventories today at 10:30 this time estimated -1.436M, previously which was -0.876M.
US Imports today at 5:00 previously which was 260.20B.
Italian Services PMI (Mar) today at 3:45 this time estimated 49.0, previously which was 48.8.
Top mover Stocks
ETSY Inc. up 4.468% at $206.01,
TWITTER Inc. up 4.296% at $67.0,
DISCOVERY Inc. up 4.179% at $43.38,
KLA Corp. down 2.388% at $346.60,
BIOGEN Inc. down 2.202% at $271.76,
BAIDU Inc. up 1.916% at $226.44,
NETEASE Inc. up 1.639% at $107.27,
CSX Corp. down 1.481% at $97.11.
#TradeSignals #Technical Summary
GBPUSD - TRADE SUGGESTION- SELL AT 1.37821, TAKE PROFIT AT 1.37484 AND STOP LOSS AT 1.38080
DAX30 - TRADE SUGGESTION- BUY AT 15208 TAKE PROFIT AT 15240.8 AND STOP LOSS AT 15175.10
LITECOIN - TRADE SUGGESTION- BUY AT 224.57 TAKE PROFIT AT 240.72 AND STOP AT 230.75
Click on the below link to read full report.
https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-07-april-2021/
Key Highlights
#Marketreport - 7th April 2021
In the Forex market, GBPUSD down 0.26% at 1.37860. The USDJPY up 0.08% at 109.578. The USDCHF down 0.07% at 0.93011. EURUSD down 0.03% at 1.18699, EUR/GBP up 0.22% at 0.86077. The USD/CNY up 0.02% at 6.5403, at the time of writing.
In the commodity market U.S Gold futures down 0.40% at $1,737.41. Elsewhere, Silver futures down 0.55% to $25.017 per ounce, Platinum up 0.13% at $1239.65 per ounce, and Palladium down 0.34% to $2,675.50.
Crude Oil up on Wednesday; Brent crude oil up 0.10% to $62.74 barrel while U.S. West Texas Intermediate (CLc1) is up 0.79% at $60.11.
Important Data
UK Composite PMI (Mar) today at 4:30 this time estimated 56.6, previously which was 56.6.
US Crude Oil Inventories today at 10:30 this time estimated -1.436M, previously which was -0.876M.
US Imports today at 5:00 previously which was 260.20B.
Italian Services PMI (Mar) today at 3:45 this time estimated 49.0, previously which was 48.8.
Top mover Stocks
ETSY Inc. up 4.468% at $206.01,
TWITTER Inc. up 4.296% at $67.0,
DISCOVERY Inc. up 4.179% at $43.38,
KLA Corp. down 2.388% at $346.60,
BIOGEN Inc. down 2.202% at $271.76,
BAIDU Inc. up 1.916% at $226.44,
NETEASE Inc. up 1.639% at $107.27,
CSX Corp. down 1.481% at $97.11.
#TradeSignals #Technical Summary
GBPUSD - TRADE SUGGESTION- SELL AT 1.37821, TAKE PROFIT AT 1.37484 AND STOP LOSS AT 1.38080
DAX30 - TRADE SUGGESTION- BUY AT 15208 TAKE PROFIT AT 15240.8 AND STOP LOSS AT 15175.10
LITECOIN - TRADE SUGGESTION- BUY AT 224.57 TAKE PROFIT AT 240.72 AND STOP AT 230.75
Click on the below link to read full report.
https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-07-april-2021/
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Technical Analysis Report – 07 April 2021 | Capital Street Fx
Technical Analysis of the Financial Markets, Technical Analysis is the art of forecasting future price movement.