Global Market Trend As Of May 11th, 2022

May 11, 2022

MAJOR INDEXES
Market report as of May 10th, 2022

NAME	LAST	CHG	%CHG
S&P 500	4,001.0500	9.8100	0.250
NASDAQ	11,737.670	114.42	0.980
DJIA	32,160.740	-84.96	-0.26
*FTSE	7,329.5700*	86.350	1.190
*NIKKEI	26,213.640*	46.540	0.180
*HSI	19,824.570*	190.88	0.970
*SHANGHAI	3,058.7000*	22.860	0.750
VIX	32.0700000	-0.920	-2.79
*DAX	13,666.190*	131.45	0.970

S&P 500 MARKET MOVERS

TOP

FTNT	Fortinet Inc	6.757%
SYY	Sysco Corp	6.13%
MCHP	Microchip Technology Inc	6.127%
IFF	International Flavors & Fragrances Inc	5.030%
INCY	Incyte Corp	4.804%

BOTTOM

XRAY	DENTSPLY SIRONA Inc	7.312%
NWL	Newell Brands Inc	6.760%
MO	Altria Group Inc	6.678%
VTR	Ventas Inc	5.447%
PLD	Prologis Inc	5.258%

SECURITIES

BONDS

NAME	YIELD	CHG
US 10-YR	2.938	-0.055
US 30-YR	3.081	-0.048
US 5-YR	2.862	-0.056
US 2-YR	2.590	-0.033
US 3-MO	0.937	+0.03
BUND 10-YR	0.971	-0.032
JPN 10-YR	0.254	+0.006
UK 10-YR	1.810	-0.040

FUTURES & COMMODITIES

NAME	LAST	CHG	%CHG
*OIL	103.3100	+3.550	+3.559
*NAT GAS	7.488000	+0.103	+1.390
*GOLD	1,850.30	+9.300	+0.505
*SILVER	21.79000	+0.366	+1.710
*WHEAT	1,110.25	+17.50	+1.600
*COPPER	4.234000	+0.080	+1.910

CURRENCIES

NAME	LAST	CHG	%CHG
JPY/USD	0.7710	+0.0050	+0.600
USD INDEX	103.40	-0.5200	-0.500
USD/JPY	129.64	-0.7900	-0.606
GBP/USD	1.2380	+0.0060	+0.490
EUR/USD	1.0570	+0.0050	+0.440
USD/CAD	1.2960	-0.0070	-0.4990
AUD/USD	0.7010	+0.0080	+1.120

Analyst Views
U.S Markets, U.S. bourse trading session on Tuesday was choppy and a gradual coming out of the red position as if a positive response to President Joe Biden's promise to tame red-hot inflation.

Bitcoin remained around the $31,000 level.

Joe Biden, "I want every American to know that I'm taking inflation very seriously," Biden said in remarks from the White House. "It's my top domestic priority." His comments echo similar comments from Federal Reserve Chairman Jay Powell last week and come ahead of Wednesday's Consumer Price Index for April which is expected to show inflation remains above 8%.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	32160.74	-84.96	-0.26%
SP500	S&P 500	4001.05	+9.81	+0.25%
I:COMP	NASDAQ COMPOSITE INDEX	11737.670959	+114.42	+0.98%

The Dow Jones Industrial Average ended down 85 points or 0.3%, while the Nasdaq Composite climbed about 1% and the S&P crossed back above the 4,000, rising 0.3%, after falling below the key level for the first time since April 2021.

Earnings report, AMC shares rose after posting a smaller than expected loss of $0.52 cents and revenue of $785.7 million — both exceeding estimates.

Ticker	Security	Last	Change	Change %
AMC	AMC ENTERTAINMENT HOLDINGS INC	11.84	-0.68	-5.43%

Pfizer Deal, In deal news, Pfizer is buying migraine drugmaker Biohaven Pharmaceuticals for $11.6 billion in an all-cash deal. The company's NURTEC drug is the No. 1 prescribed treatment, according to the companies, for migraines.

Ticker	Security	Last	Change	Change %
PFE	PFIZER INC.	49.49	+0.85	+1.75%
BHVN	BIOHAVEN PHARMACEUTICAL HLDG CO LTD	140.00	+56.86	+68.39%

In the afternoon attention will turn to integrated oil and gas firm Occidental Petroleum, video game maker Electronic Arts, cryptocurrency exchange Coinbase Global and high-end hotel and casino operator Wynn Resorts among others.

Ticker	Security	Last	Change	Change %
OXY	OCCIDENTAL PETROLEUM CORP.	59.41	+1.57	+2.71%
EA	ELECTRONIC ARTS INC.	111.60	-0.44	-0.39%
COIN	COINBASE GLOBAL INC.	72.99	-10.52	-12.60%
WYNN	WYNN RESORTS LTD.	61.65	+0.32	+0.52%

Commodities, Oil prices fell around 3% with U.S. crude ending at $99.76 per barrel, while Brent, the global benchmark, settled at $102.46. Gas prices, per AAA, hit a record $4.37 per gallon.

Ticker	Security	Last	Change	Change %
USO	UNITED STATES OIL FUND L.P.	74.53	-2.04	-2.66%
BNO	UNITED STS BRENT OIL FD LP UNIT	29.26	-0.88	-2.92%

SPOT MARKET BY THE HOUR AS OF GMT 10:16 05-11-22

European Market, The investors' appetite is positive all Euro bourses are climbing across the board. London's FTSE slide by 1.11% to 7,323.89, Germany's DAX climbed by 1.04% to 13,674.92 while France's CAC followed suit with an increase of 1.8% to 6,227.06.

Asia Market, Asian stocks The investors' sentiments are positive Wednesday morning. Tokyo's Nikkei 225 index increased by 0.18% to 26,213.64, China's Shanghai climbed by 0.75 % to 3,058.7 while Hang Seng in Hong Kong also followed suit with a jump of 0.97% to 19,824.57.

Cryptocurrencies, at an intraday range of $30,219.85 by the hour and a maximum of $31,882.35 in 24 hours.