Maher's Digital World

Financial news and stock markets.

Offline scarface

  • *****
  • 1793
Re: Financial news and stock markets.
« Reply #210 on: August 12, 2019, 03:51 AM »
This morning I'm going to give you a quick insight into the financial markets.

The cac 40 was up 1% a hour ago, it's now red. The markets are very nervous. In the current context, I think the markets are bearish. Let's stay bullish on gold...
https://www.boursorama.com/bourse/indices/cours/1rPCAC/

Offline scarface

  • *****
  • 1793
Re: Financial news and stock markets.
« Reply #211 on: August 12, 2019, 01:55 PM »
The Dow Jones is currently dropping 470 points. The next session will be interesting for the Asian and European markets.

They already closed in negative territory and the futures are indicating further losses for tomorrow.
Gold is up 1.04% at 1513$. In this context we stay bullish on gold stocks too.

Offline scarface

  • *****
  • 1793
Re: Financial news and stock markets.
« Reply #212 on: August 13, 2019, 01:51 AM »
This morning, I'm going to give you a brief overview of the stock markets.


U.S. stocks fell Monday after escalating protests in Hong Kong weighed on already-dampened investor sentiment.
Losses accelerated into the final hour of trading as U.S. Treasury yields tumbled. Monday marked the ninth consecutive trading session of an at least 1% intraday move in the S&P 500.


This morning, the futures are still ugly, as the picture shows. In this context, gold is up 1.23% at 1523$.
And yet, I recommend the stock Societe generale at 21.8€ with a target at 23.5€. With a PE of 6, it's one of the cheapest bank stock in the European markets.


Offline scarface

  • *****
  • 1793
Re: Financial news and stock markets.
« Reply #213 on: August 13, 2019, 04:40 AM »
The stock markets are crumbling.
-0.62% for the cac40 right now.
Practically everything is red in the estx 50.
https://fr.investing.com/indices/eu-stoxx50-components


In the meantime, gold and silver are going up.



Well, some of us are on vacation, and maybe it's high time we drank a little Pastis-tomato.
« Last Edit: August 13, 2019, 05:14 AM by scarface »

Offline scarface

  • *****
  • 1793
Re: Financial news and stock markets.
« Reply #214 on: August 13, 2019, 10:04 AM »
Those who bought some Societe generale at 21.8€ this morning got a good deal. It's actually at 22.38€. I sold a few minutes ago at 22.49€ the stocks I bought yesterday. The stock hit 21.43€ this morning, this is a 5% rebound !
There is currently a technical rebound on the European markets. But for me the trend is still bearish. There is a correction on gold stocks. It might be a good opportunity to buy some Agnico Eagles mines or Newmont Goldcorp stocks.

Offline scarface

  • *****
  • 1793
Re: Financial news and stock markets.
« Reply #215 on: August 14, 2019, 04:10 AM »
As intended, the stock markets are still in a bearish trend...

Offline scarface

  • *****
  • 1793
Re: Financial news and stock markets.
« Reply #216 on: August 14, 2019, 08:58 AM »
Well, the investors of the forum like shadow.97, humbert and usmangujjar must be thinking I was right to warn them this morning. The cac 40 is literally collapsing, dropping 100 points. The cac 40 is currently falling nearly 2%.


There are signs of a looming recession, as Germany's economy shrank during the April-to-June period of this year.
A decline in exports dampened growth, according to official data, which comes amid concerns of a global slowdown.
Early signs for the third quarter "look ominous", said Andrew Kenningham, chief Europe economist at Capital Economics. "Manufacturing business surveys for July were all gloomy.
"And while the services sector should continue to hold up better, there are some signs that the slump is spreading to the labour market."

In this context, I'm still bearish on the markets and particularly on car stocks like Renault and Bmw, even if there is now a long lasting correction in this sector.
We'll stay bullish on gold. Currently gold is up 0.89% at 1515$ per once.

Offline scarface

  • *****
  • 1793
Re: Financial news and stock markets.
« Reply #217 on: August 14, 2019, 02:44 PM »
Maybe a target at 5150 for the cac 40, 25000 for the Dow Jones, and 1580$ for gold.

Offline scarface

  • *****
  • 1793
Re: Financial news and stock markets.
« Reply #218 on: August 15, 2019, 03:24 AM »
I still see a lot of bearishness in the markets. This morning, the European markets are red, despite a positive opening. The Cac 40 and the Dax are both declining by 0.10%.
https://www.boursorama.com/bourse/indices/cours/1rPCAC/

Offline scarface

  • *****
  • 1793
Re: Financial news and stock markets.
« Reply #219 on: August 15, 2019, 04:52 AM »
The cac 40 is nosediving. It's now losing roughly 1% amid plunging treasury yields.