Timeline
Monday
Evergrande (EGRNF)- Trading in Evergrande shares in Hong Kong was suspended. As a result, Asia’s major indices have also been pulled down. A reason for the temporary trading halt has not yet been given, but it is known that the group has missed another important interest payment.
According to the Chinese online news service Cailian, the Chinese real estate group Hopson (HVP)has taken over the arm Evergrande Property Services for the equivalent of 4.4 billion euros.
Tuesday
FED — The U.S. Federal Reserve announced that it had begun talks with its internal supervisory authority on Monday. The reason is a review of some central bankers for ethical or legal deficiencies. Senator Elizabeth Warren has asked the SEC to investigate the trading activities of some central bankers, as she alleges conflicts of interest.
Wednesday
OPEC- Despite the strong rise of the oil price, the OPEC+ states want to continue to produce little oil in the future. According to an announcement of the OPEC states the promotion is raised in November around 400,000 barrels per day. As justification a possible fourth Corona wave is cited.
The prices rise further, because with a view of the winter months an end of the demand is not in view.
Thursday
Gas — Gas prices have really gone through the roof in recent days. The increased demand, also with regard to the winter months, the limited supply and further factors provided for this development. Gas was traded for ten times the prices at the beginning of the year.
Now, however, the situation on the gas market seems to be easing somewhat. Putin hinted that Gazprom (OGZPY) could increase its deliveries to save Europe from an energy crisis.
Friday
Tesla (TSLA)- The US carmaker will move its headquarters to the state of Texas. The reason given is the high cost of living in Palo Alto in Silicon Valley. In addition, the high real estate prices force many of the employees to commute. This is now to change in Austin.
Oracle (ORCL)and Hewlett Packard (HPQ) have already moved to Texas in 2020. Musk himself also moved to Texas last December.
Crypto
BTC- $54.394,20
ETH- $3.617,34
Shiba Inu (SHIB)- The meme coin successor to Dogecoin (DOGE)has caused quite a stir in recent days with huge price increases. With a current market capitalization of $9.3 billion, SHIB’s price has grown 215 percent in the past 7 days. Currently, the coin is ranked 18th among the largest cryptocurrencies. The reason for this rapid price increase is not directly apparent. One reason could be, once again, a tweet of Tesla (TSLA) founder Elon Musk. He posted a photo of his dog Floki, a Shiba Inu, sitting in the trunk of his Tesla. Shortly after the publication of the tweet, the price of SHIB shot upwards.
Russia- The Bank of Russia is planning to slow down, or rather make it more difficult, to trade cryptocurrencies in Russia. New laws are to be passed in the future, according to which only professional traders will be able to buy cryptocurrencies. According to the bank, these laws are intended to protect private investors. In recent years, cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have gained a lot of popularity in Russia. According to a survey, 77% of all Russian investors believe that cryptocurrencies are the most promising of all investment opportunities.
The mentioned companies and firms have no association with getquin. The above references an opinion and is for information purposes only. It is not intended to be investment advice.
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