Liveblog Archief maandag 29 november 2021

TOP NEWS
• Japan, Israel bar foreigners as WHO flags global risk from Omicron
The Omicron variant of coronavirus carries a "very high" global risk of surges, the WHO warned, as more countries reported cases, prompting border closures and reviving worries about the economic recovery from a two-year pandemic.

• Cyber Monday sales expected to slow as shoppers see fewer deals
U.S. retailers are estimated to generate online sales of up to $11.3 billion on Cyber Monday, a decline in growth from a year earlier as fewer discounts and limited choices due to global supply chain disruptions deter shoppers.

• D. Telekom, Vodafone, others want U.S. tech giants to help fund network costs
U.S. tech giants should bear some of the costs of developing Europe's telecoms networks because they use them so heavily, chief executives of Deutsche Telekom, Vodafone and 11 other major European telecoms companies said.

• Amazon asks India antitrust body to revoke Reliance-Future deal approval
Amazon has asked India's antitrust regulator to revoke its approval for Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained", violating an order suspending the deal, a letter seen by Reuters shows.

• Record number of U.S. firms change tack on political spending after Jan. 6 attack
The number of S&P 500 companies that have either stopped political giving or plan to disclose it hit a record in 2021 after the Jan. 6 attack on the U.S. Capitol and recent social justice protests, according to a study viewed by Reuters.


BEFORE THE BELL
U.S. stock index futures rebounded, mirroring the European shares, as investors waited for more details to assess the impact of the Omicron coronavirus variant on the world economy. Asian equities ended mostly in the red. The dollar index was slightly higher after its drop in the previous session. Oil prices rose almost 5% following Friday’s slide. Gold edged up amid expectations of a more tempered approach to the Fed's interest rate hikes.


STOCKS TO WATCH

IPOs
• Phoenix Motor Co: The company filed for an initial public offering in the United States, becoming the latest electric-vehicle (EV) maker looking to cash in on a growing investor appetite for eco-friendly automobiles. Phoenix Motors disclosed its finances for the first time in its filing, revealing a fall in revenue and wider losses for the nine months ended September 2021. Maxim Group, Roth Capital Partners and EF Hutton are the underwriters for Phoenix's offering. The company will be listed on the Nasdaq under the symbol "PEV."

Deals Of The Day
• Eni Spa: Italy's Snam has agreed to buy a stake in pipelines carrying Algerian gas into Italy in a move that could pave the way for hydrogen imports from Africa into Europe. Europe's biggest gas infrastructure group said on Saturday it would pay energy company Eni 385 million euros for a 49.9% stake in the pipelines to jointly control the assets with its fellow Italian company. "This transaction allows us to free up new resources to be used on our energy transition path," Eni Chief Executive Claudio Descalzi said.

In Other News
• Alphabet Inc, Meta Platforms Inc & Netflix Inc: U.S. tech giants should bear some of the costs of developing Europe's telecoms networks because they use them so heavily, chief executives of Deutsche Telekom, Vodafone and 11 other major European telecoms companies said. "A large and increasing part of network traffic is generated and monetized by big tech platforms, but it requires continuous, intensive network investment and planning by the telecommunications sector," the CEOs said in a joint statement seen by Reuters. "This model – which enables EU citizens to enjoy the fruits of the digital transformation – can only be sustainable if such big tech platforms also contribute fairly to network costs," they said.

• Amazon.com Inc: The company has asked India's antitrust regulator to revoke its approval for Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained", violating an order suspending the deal, a letter seen by Reuters shows. Also, India's economic crime-fighting agency summoned officials of Amazon.comand its warring partner Future Group in a case related to alleged violation of foreign investment rules, according to sources with direct knowledge of the matter. Separately, a senior Amazon.com executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now.

• Apple Inc: The company's global battery development chief, Ahn Soonho, has moved to Volkswagen to lead the automaker's development of electric vehicle batteries, according to his Linkedin profile. This is the second time in recent months that an Apple executive has left for an automaker. Apple lost its head of car project, Doug Field, to Ford Motor in September. Ahn this month became chief technology officer at the battery division of Volkswagen Group Components, according to his Linkedin profile. Apple declined to comment while Ahn and Volkswagen did not have immediate comments.

• Banco Bilbao Vizcaya Argentaria SA: The chief executive officer of Spain's BBVA said that the weaker Turkish lira has reduced the price of its deal to buy 50.15% of Turkish lender Garanti by more than 400 million euros at current exchange rates. BBVA, which already owns part of Garanti, recently offered to buy the remaining stake in the lender in a deal that at the time was worth up to 2.25 billion euros. On Monday, CEO Onur Genc said that the deal would now cost around 1.8 billion euros and capital consumption would be around 1.1 billion euros, down from the 1.4 billion euros initially estimated, as the deal had been structured in liras.

• BP Plc: The company said it plans to set up a large-scale green hydrogen production plant in northeast England, generated with wind, water and solar energy to aid Britain's move away from fossil fuels. The project, dubbed HyGreen Teesside, aims to produce 60 MWe (megawatt electrical input) of so-called "green" hydrogen, which is derived from renewable sources, by 2025, BP said. Along with its previously announced "blue" hydrogen project, which is produced from natural gas, the two Teesside plants have the potential to deliver 30% of Britain's ‎‎2030 target for hydrogen production, BP said. The HyGreen Teesside project, to be developed in multiple stages, could deliver up to 500Mwe of hydrogen production ‎by 2030, the London-listed company said.

• Delta Air Lines Inc & United Airlines Holdings Inc: The companies said said on Friday they do not plan any changes to their South Africa-U.S. routes after the White House said it plans to impose new travel curbs on southern Africa starting Monday amid concerns about a new COVID-19 variant. Delta and United are the only U.S. passenger carriers that have direct flights to southern Africa. Airlines for America, a trade group representing major U.S. passenger and cargo carriers, said Friday it remains "in communication with the U.S. government as specifics remain unknown at this time and there are many unanswered questions. Amid this rapidly evolving situation, it is critical that U.S. government decisions regarding international travel restrictions and requirements be rooted in science."

• Digital Realty Trust: Digital Core REIT, sponsored by U.S.-listed Digital Realty Trust, is set to raise $600 million in an initial public offering (IPO) in Singapore, the largest listing in the city-state this year, the company said in its prospectus. The Real Estate Investment Trust (REIT), which owns 10 freehold data centres in the United States and Canada worth around $1.4 billion, is issuing 682 million units at $0.88 per a piece, excluding a greenshoe option worth $47 million. Shares totalling $223 million are being placed to other institutions, while the retail component, around $12 million, opens . The REIT will list on Dec. 6.

• Fennec Pharmaceuticals Inc: The firm said it expects the U.S. Food and Drug Administration (FDA) to decline the marketing application for its drug to prevent chemotherapy-induced hearing loss in children. The company's shares fell in premarket trading. The FDA has indicated that deficiencies have been identified after the regulator's inspection of the drug's manufacturing facility, the company said. Fennec's drug Pedmark, which is administered intravenously, is intended to be used in children between one month and 18 years old.

• Inovio Pharmaceuticals Inc & Novavax Inc: The firm said on Friday it had started working on a version of its COVID-19 vaccine to target the variant detected in South Africa and would have the shot ready for testing and manufacturing in the next few weeks. The company's COVID-19 shot contains an actual version of the virus' spike protein that cannot cause disease but can trigger the immune system. The vaccine developer said it had started developing a spike protein specifically based on the known genetic sequence of the variant, B.1.1.529. "The initial work will take a few weeks," a company spokesperson said. Separately, Inovio Pharmaceuticals said it had begun testing its vaccine candidate, INO-4800, to evaluate its effectiveness against the new variant. The company expects the testing to take about two weeks.

• Manchester United Plc: The firm have named German Ralf Rangnick as interim manager until the end of the season, the Premier League club announced on Monday, eight days after sacking Ole Gunnar Solskjaer. "Manchester United is delighted to announce the appointment of Ralf Rangnick as interim manager until the end of the season, subject to work visa requirements. Following this period, Ralf and the club have agreed that he will continue in a consultancy role for a further two years," the club said in a statement.

• Meta Platforms Inc: Facebook has offered remedies in a bid to secure EU antitrust approval for its acquisition of U.S. customer service startup Kustomer, a European Commission filing showed. Separately, the UK competition regulator is expected to block Meta Platforms' acquisition of online GIF platform Giphy in the coming days, the Financial Times reported . Also, Facebook will show it has no interest in making the online world safe if it quits Australia over laws holding it liable for defamation on its platform, Prime Minister Scott Morrison said .

• RLX Technology Inc: China amended its tobacco monopoly law on Friday to include e-cigarettes, stepping up regulation of the fast-growing vaping industry in the world's largest tobacco market. The cabinet order, published on the Chinese government's website and signed off by Premier Li Keqiang, comes into effect immediately. A number of Chinese e-cigarette companies have been set up in recent years to tap into domestic sales potential, among them market leader RLX Technology. RLX, whose shares closed 1.8% higher on Friday, said on its official WeChat account that it would heed the rules and make any required changes.

• Stellantis NV: Carmaker Stellantis has signed a preliminary deal with lithium developer Vulcan Energy Resources for the supply of climate-friendly lithium from Germany, the two companies said. Stellantis is the latest automaker to sign a deal with the German-Australian start-up to lock down supplies of the battery metal ahead of an expected surge in global demand as a transition towards cleaner mobility gains traction. As part of the five-year agreement, Vulcan will supply between 81,000 and 99,000 tonnes of battery-grade lithium hydroxide in Europe to Stellantis from 2026, they said in a statement. No financial details of the agreement were provided.

• Thermo Fisher Scientific Inc: The company said its COVID-19 diagnostic tests can accurately detect the new coronavirus variant Omicron that has made several countries to shut their borders. Thermo Fisher's TaqPath COVID-19 assays can report accurate results even in the case where one of the gene targets is impacted by a mutation, the company said in a statement. "This assay can be used not only to successfully detect COVID-19 but… it also be used as a proxy for the [Omicron] variant," Mark Stevenson, chief operating officer at Thermo Fisher Scientific, said in an interview. Test samples must still be sent to a lab for sequencing to confirm that the case was caused by Omicron and not another variant with similar features, such as the Alpha variant, he said.

• Twitter Inc: Russia will continue slowing down the speed of Twitter on mobile devices until all content deemed illegal is deleted, state communications regulator Roskomnadzor told Reuters, as Moscow continues to make demands of Big Tech. Twitter, which did not immediately comment, denies allowing its platform to be used to promote illegal behaviour. It says it has a zero-tolerance policy for child sexual exploitation and prohibits the promotion of suicide or self-harm. "As of now, 761 undeleted posts remain," Roskomnadzor said in response to Reuters questions. "The condition for lifting the access restriction on mobile devices is that Twitter completely removes banned materials detected by Roskomnadzor."

• Visa Inc: The firm has complained to the U.S. government that India's "informal and formal" promotion of domestic payments rival RuPay hurts the U.S. giant in a key market, memos seen by Reuters show. "Visa remains concerned about India's informal and formal policies that appear to favour the business of National Payments Corporation of India" (NPCI), the non-profit that runs RuPay, "over other domestic and foreign electronic payments companies," said a USTR memo prepared for Tai ahead of the meeting. Visa, USTR, Modi's office and the NPCI did not respond to requests for comment.


ANALYSIS
How fast does it spread?: Scientists ask whether Omicron can outrun Delta
As scientists race to understand the consequences of the Omicron COVID-19 variant, one of the most important questions is whether this new version of the coronavirus can outrun the globally dominant Delta variant.


ANALYSTS' RECOMMENDATION
• Allbirds Inc: Piper Sandler initiates coverage with overweight rating, saying the company’s strict commitment to sustainability is a key differentiator versus peers and will create tens of millions of loyal consumers over time.

• Argenx SE: Piper Sandler raises rating to overweight from neutral on expectation that efgartigimod is emerging as potentially the best-in-class (as well as the first-in-class) therapy in the FcRn space.

• Hyatt Hotels: JPMorgan raises rating to overweight from neutral as the company migrates to a less capital-intensive, more fee-generative and a more leisure-focused business model.

• Pfizer Inc: JPMorgan raises target price to $53 from $42 to formally incorporate Paxlovid oral antiviral estimates and by also raising its Comirnaty COVID-19 vaccine sales estimates to reflect higher longer term volume expectations.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
1000 Pending Homes Index for Oct : Prior 116.7
1000 Pending sales change mm for Oct : Expected 1.0%; Prior -2.3%
1030 (approx.) Dallas Fed Manufacturing Business Index for Nov : Prior 14.60


COMPANIES REPORTING RESULTS
No major S&P 500 companies are scheduled to report for the day.


CORPORATE EVENTS (All timings in U.S. Eastern Time)
1200 Eastern Bankshares Inc: Shareholders Meeting
1700 Arco Platform Ltd: Q3 earnings conference call


EX-DIVIDENDS
Agree Realty Corp: Amount $0.22
Allstate Corp: Amount $0.81
Altus Midstream Co: Amount $1.50
Aramark: Amount $0.11
Arch Resources Inc: Amount $0.25
Bank of Hawaii Corp: Amount $0.70
Broadmark Realty Capital Inc: Amount $0.07
Brookfield Infrastructure Corp: Amount $0.51
Brookfield Renewable Corp: Amount $0.30
Cable One Inc: Amount $2.75
Crane Co: Amount $0.43
CSX Corp: Amount $0.09
Cullen/Frost Bankers Inc: Amount $0.75
Dolby Laboratories Inc: Amount $0.25
Dover Corp: Amount $0.50
Dow Inc: Amount $0.70
DuPont de Nemours Inc: Amount $0.30
Ellington Financial Inc: Amount $0.15
Energizer Holdings Inc: Amount $0.30
EPR Properties: Amount $0.25
Estee Lauder Companies Inc: Amount $0.60
Factset Research Systems Inc: Amount $0.82
GrafTech International Ltd: Amount $0.01
Hubbell Inc: Amount $1.05
KeyCorp: Amount $0.19
M&T Bank Corp: Amount $1.20
Mesa Laboratories Inc: Amount $0.16
Newell Brands Inc: Amount $0.23
Pioneer Natural Resources Co: Amount $3.02
Power Integrations Inc: Amount $0.15
RLI Corp: Amount $0.25
Sixth Street Specialty Lending Inc: Amount $0.07
SL Green Realty Corp: Amount $0.30
STAG Industrial Inc: Amount $0.12
Stepan Co: Amount $0.33
StepStone Group Inc: Amount $0.15
Tennant Co: Amount $0.25
TFS Financial Corp: Amount $0.28

Goedemorgen,

Vanmorgen geven de futures een ruim herstel aan maar het is nog maar de vraag of een fors hogere opening kan worden doorgetrokken richting het slot. We zitten nog altijd in een onzekere fase waar meerdere factoren het verloop bepalen en de meeste zaken die er spelen hebben een negatieve invloed op de markten. De nieuwe variant van het corona virus, de economie, de rente en vooral ook de inflatie. Vrijdag hebben we tijdens een halve sessie op Wall Street een enorme daling gezien, de week van Thanksgiving paste niet bij de traditie die we gewend zijn maar ook nu zien we weer dat de beurs op niemand wacht. De volatiliteit zal aanhouden, grote bewegingen kunnen nog wel even aanhouden.

Update maandag 29 november:
Vanmorgen zien we dat de markten hoger gaan openen maar laten we nog niet te vroeg er vanuit gaan dat het een makkelijk parcours zal worden voor de beurzen. We zitten nog in een moeilijke fase, dat nieuwe coronavirus laat nog veel vragen achter maar voor dat nieuws bekend werd eind vorige week zat de markt al in een slechte fase, laten we dat vooral niet vergeten. De volatiliteit zal niet zomaar wegvallen, we kunnen nog grote uitslagen zien in beide richtingen deze week. Beleggers worden hoe dan ook onrustiger, de markten stonden heel hoog, de waarderingen explodeerden. De markt kan in ieder geval niet veel tegenslagen meer verwerken, er zit nog genoeg lucht in de zogenaamde ballon ofwel bubbel.

Overzicht markt vrijdag en op weekbasis:
Wall Street kreeg een behoorlijke dreun te verwerken tijdens de normaal gezien rustige halve sessie tussen een feestdag en het weekend. Bijna een 1000 punten klapper voor de Dow Jones terwijl de S&P 500 met 106 punten terug moest. De grootste terugval op 1 dag dit jaar (2021), ook de Nasdaq verloor fors maar de index kon de steunlijn nog goed verdedigen tot nu toe. De SOX index verloor 113 punten ofwel bijna 3% terwijl de Dow Transport met 610 punten (-3,6%) terug moest.

Ook Europa kende een van de slechtste dagen van dit jaar, de AEX verloor 26 punten (-3,2%) terwijl de DAX zelfs met 660 punten terug moest ofwel een verlies van 4%. De Franse CAC 40 verloor 336 punten ofwel 4,75%. Een soort selloff die de gehele sessie aanhield, de markt zit met de nodige problemen door dat meerdere zaken beleggers behoorlijk afschrikt.

Op weekbasis verloor de Dow Jones 702 punten ofwel 2% terwijl de S&P 500 met 103 punten ofwel 2,2% verlies de week afsluit. De Nasdaq verloor 566 punten (-3,5%), de Nasdaq 100 sluit 548 punten lager (-3,3%). De SOX verloor 155 punten (-4%), de Dow Transport sluit de week 302 punten (-1,85%) lager af.

De AEX verloor over de gehele week bekeken 40 punten (-4,9%) terwijl de DAX 903 punten lager de week afsluit (-5,8%). De Franse CAC 40 verloor 372 punten ofwel 5,25%. Europa kende daarmee de slechtste week van dit jaar.

Schrijf u nu nog snel in via de mooie aanbieding tot 1 FEBRUARI voor €35. Ga meteen naar onze Tradershop via de link https://www.usmarkets.nl/tradershop

De afgelopen week durfde ik al niets te doen, je zit in een week waar alles normaal rustig verloopt maar aan de andere kant zag ik ook dat de markt onrustig werd vanaf maandag. Uiteraard kon ik ook niet weten dat dit nieuws over dat nieuwe corona virus naar buiten zou komen, wie wel? Het enige voordeel is dat ik me niet heb laten verleiden om op de bodem van woensdag al in te stappen met wat long posities toen er enkele steunpunten werden aangetikt. Het voelde gewoon nog niet goed om al in te stappen, ik had eerder voor volgende week wat plannen maar zo te zien zal ik ook dan nog goed moeten opletten. Ik heb dus niks kunnen verdienen aan de volatiliteit, maar ook niet de maand kapot gemaakt door teveel risico te nemen. Wat wel het geval is dat we de maand november positief kunnen afronden juist door voorzichtig te blijven. Een positie is een positie maar soms is geen positie ook belangrijk zoals nu.

Er spelen nogal wat zaken nu, de rente, de dollar, de energieprijzen, de inflatie en door de enorme toename van besmettingen in Europa de dreigende lockdowns die eraan zitten te komen. Daar komt vandaag nog de nieuwe variant bij waar we nog niet veel over weten. Een mix die voor de nodige dreiging zorgt dus, opletten aan beide kanten vanaf nu. Wel is het zo dat het ook de rente de andere kant kan opsturen en dat er plots weer een stevig herstel op gang komt door dat de centrale banken zullen wachten met hun plannen om de rente op te trekken. Voorzichtigheid zal nodig blijven de komende weken. Zo zien we maar weer dat je er niet zo maar vanuit kunt gaan dat een normaal gezien rustige week een zekerheid is.

Schrijf u nu nog snel in via deze mooie aanbieding tot 1 FEBRUARI voor €35. Ga meteen naar onze Tradershop via de link https://www.usmarkets.nl/tradershop

Marktoverzicht:
Wall Street zakt verder door, de Dow Jones valt ver terug tot net onder de 35.000 punten, ook de S&P 500 krijgt het moeilijk want de index zakt nu al onder de 4600 punten. De Nasdaq komt onder de 15.500 punten terecht terwijl de SOX index bijna 3% moet inleveren vrijdag tijdens de halve sessie.

In Europa krijgt de DAX een stevige tik om de oren, de index sluit meteen onder 3 belangrijke steunzones, eerst onder de 16.000 punten, daarna snel onder de 15.810 punten en vrijdag zelfs al onder de 15.500 en de 15.300 punten. De DAX sluit meteen ook onder het 200-MA. De AEX zet al een bodem op 780 punten, ook hier werden er meerdere steunpunten doorbroken vrijdag.

Dow Jones:
De Dow Jones kreeg een harde klap omlaag en duikt meteen onder de steunzone 36.600-36.630 punten, de index zocht meteen de 34.750 punten op waar we de volgende steun zien uitkomen. De vraag is nu hoe de index zich zal gedragen de komende week, onder de 34.750 punten ligt de weg meteen open richting de 34.100 en de 33.750 punten. Opletten vanaf nu want het ziet er niet goed uit.

Weerstand nu eerst rond de 35.000 punten, later de 35.500 en de 35.630 punten als weerstand.

AEX index:
De AEX geeft het op en zakt nu ver onder de 800-802 punten steun, de 780 punten werd snel opgezocht vrijdag en de index bleef daar richting het slot hangen om op 781,6 punten af te sluiten. Steun nu eerst die 780-781 punten, later steun rond de 770 punten en rond de 750 punten. Het 200-daags gemiddelde zien we nu rond de 744 punten als belangrijke steun.

Weerstand nu eerst de 792-795 punten, later de 800-802 punten als weerstand (oude top). Eerst maar deze niveaus in de gaten houden.

DAX index:
De DAX valt ver terug en staat nu al ruim 1000 punten onder de top van vorige week. De DAX sluit meteen onder enkele belangrijke steunpunten, eerst de 16.000-16.025 punten, later onder de 15.810 punten en vrijdag meteen al onder de 15.500 en de 15.300 punten. De DAX sluit nu ook al onder het 200-daags gemiddelde wat uiteraard een slecht teken is. De volgende steun zien we nu rond de 15.000-15.050 punten, later rond de 14.800 punten steun. Onder de 15.000 punten ziet het er zeer slecht uit trouwens.

Weerstand nu eerst rond het 200-daags gemiddelde dat rond de 15.385 punten uitkomt, later de 15.500 en de bekende 15.810 punten. Het is te hopen dat de DAX snel weer de positieve flow weet terug te vinden, de daling ging heel snel deze keer.

Nasdaq Composite:
De Nasdaq moest ook fors terug maar in tegenstelling tot de andere indices zien we dat de Nasdaq de oude top nog weet te verdedigen en net boven die 15.450 punten blijft. De volgende steunpunten zijn de 15.225 punten (50-MA) met daaronder de 15.000 punten en de 14.800 punten waar we de lijn onder de bodems vanaf mei zien uitkomen.

Weerstand nu eerst de 15.700-15.750 punten, later de 16.000 punten als weerstand. De komende week zal belangrijk worden, geraakt de index weer in een herstelmodus? Of zit er nog meer daling aan te komen? Voorlopig staat de index op een belangrijke steun, we gaan de komende week snel zien of deze steun sterk genoeg is.

Overzicht resultaat november en dit jaar (2021):
Het handelen verloopt verder nog altijd prima ook al kunnen we op dit moment door de volatiliteit nog weinig doen, we moeten deze storm eerst even uitzitten. Dat we er niets onder hebben geleden is duidelijk, ook deze maand sluiten we positief af bij alle abonnementen en dat in een markt waar fouten snel kunnen worden gemaakt.

Het handelen verloopt al het gehele jaar goed want via de overzichten hieronder ziet u dat we er wat betreft 2021 mooi voorstaan. We hebben nog enkele weken te gaan dit jaar en er komen zeker nog genoeg kansen zoals ik de markt nu inschat. Ik zoek in ieder geval voorzichtig naar nieuwe mogelijkheden.

Om mee te doen kan dat nu via het proefabonnement tot 1 FEBRUARI voor €35. Schrijf u nu in via de nieuwe aanbieding en ga meteen naar onze tradershop via de link https://www.usmarkets.nl/trade...

Overzicht resultaten maand november en dit jaar (2021)

Met vriendelijke groet,
Guy Boscart