Market dynamics in the moment (futures):
📉 S&P 500: -0.02%
📈 Nasdaq: +0.16%
📉 Dow Jones: -0.09%
🌕 Gold: -0.18% ($1799)
⚫️ Brent oil: +0.78% ($87.65)
🇺 US Treasuries 10-year: +0.31% (3.521%/year).
U.S. stock index futures are trading flat at the premarket. The main event of the day today will be the release of the November U.S. labor market statistics. The data is expected to show that the number of the employed in the economy grew by 200 thousand while the unemployment rate remained at the level of 3.7%. If the actual data is below market consensus, the expectations of softer Fed actions and, consequently, the demand for risky assets will rise again. European stock indices are trading multidirectional, Asian stock markets closed lower.
🔴 Airbus #AIR intends to completely abandon the supply of Russian titanium in a few months, said the CEO of the company. As previously reported, about half of all titanium needed for aircraft production, Airbus has traditionally received from Russia.
🔴 TotalEnergies #TTE will cut investment in oil and gas development projects in the British North Sea by 25% next year due to an increase in tax on excess profits of energy companies in the UK. The tax will be raised from 25% to 35% from January 1, 2023.
🟢 The average interest rate on a 30-year mortgage in the U.S. fell to 6.49% in a week from 6.58% the week before. This is the third week in a row that the mortgage rate has fallen.
🟡 Several Chinese developers, including Shimao Group and Hubei Fuxing Technology, are preparing private placements after the Chinese authorities recently lifted the relevant ban, reports the FT.
🔴 AppStore blocked Coinbase’s #COIN Wallet update, which allows users to transfer NFT. The iOS app store insists that token transaction payments must go through Apple’s #AAPL payment system, and the company should receive its 30% commission on them.
🟢 Anavex Life Sciences #AVXL said its oral drug blarcamesine has achieved its primary goal of improving cognitive function in patients with early-stage Alzheimer’s disease. The stock is up nearly 60% on the premarket.
🟢 Realty Income #O completed its $1.7 billion acquisition of Encore Boston Harbor and Casino land and real estate from Wynn Resorts #WYNN, its first acquisition in the gaming industry.
🔴 Blackstone #BX has limited withdrawals from its unlisted REIT amid increased investor requests to exit. Withdrawals exceeded the quarterly threshold of 5% of net asset value. The fund had $69 billion under management.
