$BEST
BEST Inc
PRICE
$1.21 βΌ-0.82%
Extented Hours
VOLUME
155,675
DAY RANGE
1.13 - 1.22
52 WEEK
0.99 - 12.35
Join Discuss about BEST with like-minded investors
@trademaster #TradeHouses
By Sam Byford and Tom Westbrook TOKYO/SINGAPORE (Reuters) - Asian stocks fell and the dollar stood by a two-decade high on the euro on Wednesday as investors' fears deepened that the continent is leading the world into recession, while oil and European equity futures made a wobbly attempt to steady. Brent crude futures have slid this month on worries that a global slowdown will sap demand. Prices slumped 9.5% to a 2-1/2 month low of $101.10 on Tuesday, before bouncing slightly to $103.86 a barrel in the Asia session on Wednesday. [O/R] MSCI's index of Asia-Pacific stocks outside Japan fell 1%, led by a 2% drop for Taiwan's benchmark index - heavy with growth-sensitive computer chip makers - which hit an 18-month low. Japan's Nikkei fell 1.1%. S&P 500 futures fell 0.1% while FTSE futures and EuroSTOXX 50 futures rose 1% after heavy Tuesday selling. News has been relentlessly negative, with talk of gas rationing in Europe, a political crisis in Britain and a fresh flare up of COVID-19 cases prompting fresh restrictions in Shanghai. In the United States, the two-year Treasury yield has dropped below the 10-year yield, a reliable market signal of a recession capping growth in the medium term. [US/] "The drumbeat is getting louder and louder about recession risk," said Jason Teh, chief investment officer at Vertium Asset Management in Sydney. "Right now defence is the name of the game. It's the best strategy right now, because in a recession a lot of things can fall out of bed." Accordingly ,the dollar has been king and a safety bid has even returned to the beaten-down Japanese yen. The U.S. dollar index hit a 20-year high of 106.79 on Tuesday, hoisted by a tumbling euro. The index hovered at 106.440 on Wednesday and the yen rose about 0.4% to 135.39 per dollar. [FRX/] The euro huddled at $1.0266 after dropping as far as $1.0236 on Tuesday and traders expect little respite. Selling could follow if Eurozone retail sales figures due at 0900 GMT disappoint expectations for a 0.4% monthly rise in May. "There are no important support levels for EUR/USD until $1," said Commonwealth Bank of Australia (OTC:CMWAY) strategist Kristina Clifton. Sterling was near a two-year low at $1.1944 after the resignation of two of Britain's top government ministers put Prime Minster Boris Johnson's leadership under new pressure. GAS GAS GAS Uncertainty over Europe's gas supply is leading the latest round of worries, and has sent prices rocketing against slumps in other commodities on growth worries. [EL/DE] Benchmark Dutch gas prices have doubled since the middle of June. Some investors worry that flow along the Nord Stream pipeline, which brings gas from Russia to Germany, might not resume after a ten-day maintenance shutdown from July 11 and that winter supply shortages will then prompt rationing and a sharp drop in economic activity. The backdrop is rising interest rates. The Federal Reserve publishes minutes later on Wednesday from the June meeting, where it announced the sharpest hike in the U.S. benchmark interest rate in nearly 30 years. It is likely to foreshadow more hikes as Fed officials have said their top priority is fighting inflation, even at the cost of growth. "The probability of a soft landing had massively declined," August Hatecke, the co-head of UBS Wealth Management Asia Pacific told investors at a conference in Singapore. The growth-sensitive Australian dollar was stuck near a two-year low at $0.6805. [AUD/] Spot gold was last steady at $1,771 an ounce after sliding on the strong dollar overnight. The safe haven is down about 3% this year, less than the steep losses for equities and bonds. Treasuries were steady in Asia with the 10-year yield at 2.8327% and the two-year yield at 2.8385%. Bitcoin, which has been demolished in the flight from risky assets, sat at $20,115.
5 Replies 2 π 2 π₯
@NoobBot #Crypto4Noobs
`What is Mayer Multiple?` Ξt was created by **Trace Mayer** as a way to analyse the price of BTC in a historical context. The ΞΞ is the multiple of the current BTC price over the **200-day moving average**. Simulations determined that, the best long-term result were achieved by **accumulating BTC whenever the MM was below 2.4**. Since they were based on historical data, they should not be the basis of any financial decision.
8 Replies 2 π 2 π₯
@NoobBot #Crypto4Noobs
`What is Mayer Multiple?` Ξt was created by **Trace Mayer** as a way to analyse the price of BTC in a historical context. The ΞΞ is the multiple of the current BTC price over the **200-day moving average**. Simulations determined that, the best long-term result were achieved by **accumulating BTC whenever the MM was below 2.4**. Since they were based on historical data, they should not be the basis of any financial decision.
18 Replies 10 π 11 π₯
@NoobBot #Crypto4Noobs
`What is Mayer Multiple?` Ξt was created by **Trace Mayer** as a way to analyse the price of BTC in a historical context. The ΞΞ is the multiple of the current BTC price over the **200-day moving average**. Simulations determined that, the best long-term result were achieved by **accumulating BTC whenever the MM was below 2.4**. Since they were based on historical data, they should not be the basis of any financial decision.
70 Replies 11 π 10 π₯
@NoobBot #Crypto4Noobs
`What is Mayer Multiple?` Ξt was created by **Trace Mayer** as a way to analyse the price of BTC in a historical context. The ΞΞ is the multiple of the current BTC price over the **200-day moving average**. Simulations determined that, the best long-term result were achieved by **accumulating BTC whenever the MM was below 2.4**. Since they were based on historical data, they should not be the basis of any financial decision.
43 Replies 13 π 14 π₯
@NoobBot #Crypto4Noobs
https://cryptonews.com/news/bitcoin-and-ethereum-trend-lower-best-performing-altcoins-trim-gains.htm
97 Replies 11 π 9 π₯
@NoobBot #Crypto4Noobs
`What is Mayer Multiple?` Ξt was created by **Trace Mayer** as a way to analyse the price of BTC in a historical context. The ΞΞ is the multiple of the current BTC price over the **200-day moving average**. Simulations determined that, the best long-term result were achieved by **accumulating BTC whenever the MM was below 2.4**. Since they were based on historical data, they should not be the basis of any financial decision.
101 Replies 12 π 13 π₯
@dros #droscrew
@Navneet that flow is just some highly speculative shit. pretty low probability at this point of that working out. lotto at best
132 Replies 14 π 14 π₯
@Atlas #Emporos Research
best way is to click the search icon , but if that does not work , then scroll up a little and a new icon will pop at the top right of the msgs window , enter date of your message there , and scan
69 Replies 12 π 10 π₯
@trademaster #TradeHouses
By Wayne Cole
SYDNEY (Reuters) - Asian shares were ending a rough quarter in a sombre mood on Thursday amid fears central banks' cure for inflation will end up sickening the global economy, though it is proving to be a fillip for the safe-haven dollar and government bonds.
As policy makers reiterated their commitment to controlling inflation no matter what pain it caused, data on U.S. core prices later in the session should only underline the extent of the challenge.
"Inflation can be sticky," warned analysts at ANZ. "It is broadening from goods to services and wage growth is accelerating.
"Even with rapid rate rises, it will take time for tightness in labour markets to unwind, and that means inflation can stay higher for longer."
That suggests it is too early to pick a peak for interest rates or a bottom for stocks, even though markets have already fallen a long way.
The S&P 500 has lost almost 16% this quarter, its worst performance since the very start of the pandemic, while the Nasdaq is off an eye-watering 21%.
On Thursday, S&P 500 futures and Nasdaq futures were both down 0.4% with little sign as yet that the new quarter will bring in brave bargain hunters. EUROSTOXX 50 futures and FTSE futures both fell 0.5%.
MSCI's broadest index of Asia-Pacific shares outside Japan eased another 0.5%, bringing its losses for the quarter to 10%.
Japan's Nikkei fell 1.4%, though its drop this quarter has been a relatively modest 5% thanks to a weak yen and the Bank of Japan's dogged commitment to super-easy policies.
The need for stimulus was underscored by data showing Japanese industrial output dived 7.2% in May, when analysts had looked for a dip of only 0.3%.
Chinese blue chips added 1.6% helped by a survey showing a marked pick up in services activity.
Analysts at JPMorgan (NYSE:JPM) expect a major rebound in China in coming months and felt that, with so much bad news priced into world markets, positioning argued for a bounce.
"It is not that we think that the world and economies are in great shape, but just that an average investor expects an economic disaster, and if that does not materialize risky asset classes could recover most of their losses from the first half," they wrote in a note.
DOLLAR IN DEMAND
For now, the risk of recession was enough to bring U.S. 10-year yields back to 3.10% from their recent peak at 3.498%, though that is still up 77 basis points for the quarter.
The yield curve has continued to flatten, and turned negative in the three- to seven-year range, while futures are almost fully priced for another Federal Reserve hike of 75 basis points in July.
ted the U.S. dollar its best quarter since late 2016. The dollar index was trading up at 105.100 and just a whisker from its recent two-decade peak of 105.79.
The euro was struggling at $1.0452, having shed 5.6% for the quarter so far, though it remains just above the May trough of $1.0348. It also dropped to a fresh 7-1/2-year low versus the Swiss franc at 0.99663 francs.
The Japanese yen is in even worse shape, with the dollar having gained more than 12% this quarter to 136.50 and hitting its highest since 1998.
Rising interest rates and a high dollar have not been good for non-yielding gold which was stuck at $1,816 an ounce having lost 6% for the quarter. [GOL/]
Oil prices were flat on Thursday amid concerns about an unseasonable slowdown in U.S. gasoline demand, even as global supplies remain tight. [O/R]
OPEC and OPEC+ end two days of meetings on Thursday with little expectation they will be able to pump much more oil despite U.S. pressure to expand quotas.
September Brent rose 17 cents to $112.62 a barrel, while U.S. crude added 7 cents to $109.85.
44 Replies 9 π 9 π₯
@NoobBot #Crypto4Noobs
**mark_dow:** Best thing about sending out a twitter poll is all the different ways you get told how you should've phrased it differently https://t.co/bnyguxteAW https://twitter.com/mark_dow/status/1542246482488598529
131 Replies 13 π 6 π₯
Key Metrics
Market Cap
62.38 M
Beta
2.02
Avg. Volume
335.58 K
Shares Outstanding
51.13 M
Yield
0%
Public Float
0
Next Earnings Date
2022-08-16
Next Dividend Date
Company Information
BEST Inc. is a leading integrated smart supply chain solutions and logistics services provider in China. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-add services, including express and freight delivery, supply chain management and last-mile services, truckload service brokerage, international logistics and financial services. BEST's mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain.
CEO: Shoa-Ning Chou
Website: www.best-inc.com
HQ: 2/F, Block A, Huaxing Modern Industry Hangzhou, 310013 Zhejiang
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