
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. US securities want Chinese companies to comply with US auditing standards. Otherwise, if they fail to do so in three years in a row the US has all rights to de-list Chinese companies from US exchanges, according to the law signed by Donald Trump in December. Besides, firms can’t be owned or controlled by foreign governments or Chinese Communist Party officials. Some analysts believe Chinese firms won’t be able to comply with US regulations as they may risk breaking Chinese law as accounting may involve national security data.
This news is negative for Chinese stocks. It triggered a sharp sell-off of the US-listed Chinese companies. Alibaba has already plunged by 4% in pre-market hours. Do you remember, at the beginning of Biden’s presidency, most people thought the new president would be more amicable towards China, US-China relations would improve? However, the reality has turned out to be different. The US and China will continue negotiating, which will cause market volatility.
The second from the last candle is a shooting star, and the last candle is long and bearish. Therefore, we might expect the continuation of the falling. The support is placed at the recent low of $225.00. If Alibaba manages to break it, the way down to the low of December of the last year at $215.00 will be clear. In the least likely scenario, if the price crosses the recent high of $240.00, the doors will be open to the 50-day moving average of $250.00.
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When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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