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Shopify plans a 10-for-1 stock split, eyes ‘founder share’ to protect CEO’s voting power
Shopify is planning a 10-for-1 stock split, while seeking shareholder approval for a „founder share“ for its CEO Tobi Lutke to increase his voting power.
Stocks making the biggest moves in the premarket: Nio, Veru, Sailpoint Technologies and more
The stocks making the biggest moves in premarket trading include Nio, Veru, Sailpoint Technologies, and more.
Shopify plans a 10-for-1 stock split, eyes ‘founder share’ to protect CEO’s voting power
Shopify is planning a 10-for-1 stock split, while seeking shareholder approval for a „founder share“ for its CEO Tobi Lutke to increase his voting power.
Crypto giant Binance deepens Middle East expansion with Abu Dhabi approval; CEO says ‘more to come’
Binance said it was given approval „in principle“ by Abu Dhabi regulators to operate as a broker-dealer in digital assets.
GBP Forecast Q2 2022: The Bank of England's Inflation and Growth Puzzle
The Bank of England (BoE) is expected to raise UK interest rates further in the second quarter of 2022 as the UK central bank tries to stem soaring prices pressures. The BoE has already lifted the …
Markets Week Ahead: Dow Jones, USD, Euro, Canadian Dollar, CPI, ECB, BoC, French Election
A busy week is ahead for the Dow Jones, US Dollar, Euro, Canadian Dollar, gold and crude oil. US inflation, the ECB and BoC rate decisions, as well as the French Presidential Election are on tap. W…
Crude Oil Price Forecast Q2 2022: Robust Demand Still Met with Limited Supply
The price of oil spiked to a fresh yearly high ($130.50) in March amid the disruptions caused by the Russia-Ukraine war. Current market conditions may lead to higher crude prices as expectations fo…
Oil down 4% on the day as downside pressure persists
The ongoing worries surrounding global growth isn’t really helping the mood in oil at the moment and we’re taking quite a shave off the top after the spike towards $130 amid the Russian invasion of Ukraine in early March.The uneasy situation surrounding Shanghai isn’t helping with the outlook as China remains a major uncertainty at this stage. The technicals point to some support around $95 and the 15 March low at $93.56 but a drop below that is where things could get uglier for oil, despite a 4% decline to start the new week already.There won’t be much support towards $90 next before the 100-day moving average (red line) @ $88.51 currently comes into play.I outlined my thoughts on the oil market in this post last week. I still stand by the more bullish structural view with dip buys around $80 to $85 being where the value is at, barring major demand destruction.
No let up in the bond selling in European morning trade
Not much has changed since my earlier post at the start of the day here.
The bond market remains in charge of trading sentiment at the moment and the yen is being punished for it in European morning trade. USD/JPY is up 110 pips on the day now to 125.40 as buyers seek a firm breakout above the 125.00 level.
Here’s a look at Treasury yields:
The bond market remains in charge of trading sentiment at the moment and the yen is being punished for it in European morning trade. USD/JPY is up 110 pips on the day now to 125.40 as buyers seek a firm breakout above the 125.00 level.
Here’s a look at Treasury yields:
2-year Treasury yields +6.4 bps to 2.584%
5-year Treasury yields +6.5 bps to 2.822%
10-year Treasury yields +5.6 bps to 2.771%
30-year Treasury yields +2.8 bps to 2.774%
And it doesn’t just stop there. It’s a global push as we are seeing 10-year German bund yields are at its highest since 2018 while 10-year French bond yields are at their highest since 2015. Meanwhile, 10-year JGB yield are also approaching the BOJ’s implicit yield cap at 0.25% once again.