Positive Q3 results send stocks higher πŸ“ˆ

Several other big companies posted positive Q3 results today. Phillip Morris beat 1.37 EPS estimates and totaled 1.53 EPS in reality. AT&T had 0.68 EPS, above the forecast of 0.61. Many different corporations also posted positive Q3 and higher revenues than expected. US stock indices rise after the market opened as a result.

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The EU stock market in red due to banks

The European stock market was brought down by the banking sector. DAX fell 2% due to ongoing fears that another bank will crash. Deutsche Bank is down 15%, while UBS along with Credit Suisse both lost around 6%. Other notable industry players like BNP Paribas and Commerzbank suffered losses as well.

Hermes stock at new all-time high

Hermes International (RMS) jumped to a new all-time high of over 1,806 per stock. The company is up 24% so far in 2023 and up 49.5% in the last 12 months. Hermes is currently valued at 188 billion euros.

FRC gains 30% amid banking mayhem

After a banking bloodbath for the past few weeks, First Republic Bank (FRC) gained 30%. The stock jumped from $12 to $16, but is still down from $120 three weeks ago.

EU stock indices rise over 1% πŸ“ˆ

The European stock indices rose despite the ongoing fears of more bank collapses. DAX jumped 1.1%, slowly heading back to 15,000, and STOXX is up 1.4%.

EU stock indices fall

The European stock market digested inflation data negatively. This sent DAX 40, EU 50, and other EU stock indices approximately 2% lower on Friday.

SVB Financial Group files for bankruptcy

To facilitate the sale of its assets, SVB Financial Group has filed for Chapter 11 bankruptcy protection. This comes days after the US government seized its subsidiary, Silicon Valley Bank.

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Nasdaq to offer crypto services in Q2

Nasdaq is about to launch crypto custody services in the second quarter of this year. Nasdaq is reportedly moving forward to get all the necessary technical setup and regulatory approvals ready.

The EU stock market in red due to banks

The European stock market was brought down by the banking sector. DAX fell 2% due to ongoing fears that another bank will crash. Deutsche Bank is down 15%, while UBS along with Credit Suisse both lost around 6%. Other notable industry players like BNP Paribas and Commerzbank suffered losses as well.

Bitcoin reportedly entered a supercycle

Bitcoin appears to be entering a new bullish “supercycle,” according to Bloomberg senior analyst Mike McGlone. He claims Bitcoin is the best-performing asset in 2023, increasing its price “nearly 10 times” as much as gold.

JPY is strong on Friday

The Japanese Yen has been strengthening against all other currencies on Friday. EUR/JPY fell the hardest, by 1.82%. Other currency pairs, like NZD/JPY and GBP/JPY, are also down 1.5% so far.

Hermes stock at new all-time high

Hermes International (RMS) jumped to a new all-time high of over 1,806 per stock. The company is up 24% so far in 2023 and up 49.5% in the last 12 months. Hermes is currently valued at 188 billion euros.

Do Kwon reportedly arrested

The Interior Minister of Montenegro claims Do Kwon has been arrested in Podgorica, the capital of Montenegro. The identity verification should be confirmed soon.

News

Banking remained the main driver this week – will it dictate the next?
SP500
0.3%

Banking remained the main driver this week – will it dictate the next?

The banking sector received another blow in form of Deutche Bank's troubling Friday. When will the banks recover?
Is copper on track for a massive rally?
XCU
1.37%

Is copper on track for a massive rally?

Many significant investors expect copper prices to jump notably. What is this assumption currently based on?
Deutsche Bank bleeds as contagion spreads
DBK
-5.7%

Deutsche Bank bleeds as contagion spreads

The banking crisis is not over, judging by today's price action in large EU banks. Should the investors in EU be worried?

People made millions on Arbitrum airdrop – so why is ARB collapsing?

The crypto space welcomed new cryptocurrency project Arbitrum with huge excitement, but the token plunged 90% and even the website crashed.