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Current events and news on financial markets and exchanges - AAPL, yen, shares

Current events and news on financial markets and exchange

• The stock market rose, pushing back fears of a tough Fed. This happens often at the Fed - on the first day in one direction. The next day in reverse. 

• Futures are rising in the morning – AAPL shares did not disappoint and rose in price after the report.

• Bitcoin returns to $60k.

• We are waiting for the US labor market report for April. Economists don't expect anything bad.

• Google paid Apple $20 billion to use its default search engine in the Safari browser.

• Indonesia is on BigTech's radar: Apple is considering Indonesia for the production of some devices. The company is exploring new locations outside of China. Microsoft said it will invest $1.7 billion in Indonesia over the next four years, its largest investment in the country.
 
 • Nikkei: TSMC plans to start producing 1.6nm chips by 2026. TSMC wants to secure its leadership for the next decade.

• World uranium prices rose slightly to $92.3 per pound after the announcement of a ban on imports of Russian uranium into the US
Bloomberg wrote that a ban on Russian uranium in the US (accounting for 24% of their consumption) could lead to a 20% increase in prices for it.

• The blow, it seems, will come from an unexpected place - the company has posted an offer to purchase coins on the iPhone on a third-party site, which is directly prohibited in the App Store.

• OPEC+ may continue to reduce oil production - Reuters.

• Shares of Chinese automaker NIO gained 23% amid rising sales.

• The message from big tech CEOs is clear: Fasten your seatbelts, we're about to spend a lot more money on artificial intelligence Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT) and Meta (META) announced aggressive new investments to develop this technology in reporting season for the first quarter. Such statements caused mixed reactions from investors.

• The average 30-year mortgage rate in the US rose to its highest level in five months this week. This has raised borrowing costs for potential homebuyers during what is typically the busiest time of year for the housing market. The rate rose to 7.22% from 7.17% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the average rate was 6.39%.

• The Japanese authorities again intervened to support the yen. The yen managed to knock down to 153 per dollar. Not that much considering the amount of effort expended.

• The US Treasury announced a buyback program that will run from the end of May to July 2024:
- fixed coupon bonds - $2 billion / week
- inflation protected bonds - $500 million / week
The total buyback will be $15 billion.

• AI startup CoreWeave raised $1.1 billion at a valuation of $19 billion
Investors continue to invest in the AI ​​topic.

• Northrop Grumman (NOC) received a $7 billion contract for the B-2 bomber.

Stocks yesterday after reports
CVNA +34%
HWM +15%
MRNA +13%
APTV +12%
MPWR +10%
QCOM +10%
ALB +5%
REGN +4%
SHEL +2%
COP -2%
NVO -4%
CI - 4%
LIN -5%
DASH -10%
QRVO -15%
ETSY -15%
 
Stocks in the morning premarket
AMGN +15%
SQ +8%
AAPL +6%
BKNG +2%
DKNG +2%
COIN -2% (up 9% in the stock session)
FTNT -8%
EXPE -9%
NET -14%

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