$SPOT
Spotify Technology S.A.
PRICE
$106.9 β²1.068%
Extented Hours
VOLUME
1,908,377
DAY RANGE
103.0101 - 108.5199
52 WEEK
89.03 - 305.6
Join Discuss about SPOT with like-minded investors
@trademaster #TradeHouses
By Stella Qiu and Alun John BEIJING/HONG KONG (Reuters) - Asian stocks slid on Thursday, tracking a steep Wall Street selloff, as investors worried about global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar eased. European equity markets also looked set for another rough day. The pan-region Euro Stoxx 50 futures fell 0.52%, German DAX futures were down 0.63% while FTSE futures were 0.51% lower. Nasdaq futures eased 0.15%, although S&P500 futures reversed earlier losses to be 0.05% higher. Overnight on Wall Street, retail giant Target Corp (NYSE:TGT) warned of a bigger margin hit due to rising costs as it reported its quarterly profit had halved. Its shares plunged 24.88%. The Nasdaq fell almost 5% while the S&P 500 lost 4%.[.N] "The bounce on Tuesday was proven to have been 'too optimistic', thus the self-doubt stemming from the misjudgement only makes traders click the sell button even harder," said Hebe Chen, market analyst at IG. MSCI's broadest index of Asia-Pacific shares outside Japan snapped four days of gains and slumped 1.8%, dragged down by a 1.5% loss for Australia's resource-heavy index, a 2.1% drop in Hong Kong stocks and a 0.3% retreat in mainland China's bluechips. Japan's Nikkei shed 1.7%. Tech giants listed in Hong Kong were hit particularly hard, with the index falling more than 3%. Tencent sank more than 6% after it reported no revenue growth in the first quarter, its worst performance since going public in 2004. China's technology sector is still reeling from a year-long government crackdown and slowing economic prospects stemming from Beijing's strict zero-COVID policy, even though soothing comments from Vice Premier Liu He to tech executives had buoyed sentiment on Wednesday. Two U.S. central bankers say they expect the Federal Reserve to downshift to a more measured pace of policy tightening after July as it seeks to quell inflation without lifting borrowing costs so high that they send the economy into recession. "It must be said that the concern for inflation has never gone away since we stepped into 2022. However, while things haven't reached the point of no return, they are seemingly heading in the direction of 'out of control'. That is probably the most worrying part for the market," IG's Chen said. The U.S. dollar, which had rallied on falling risk appetite, eased 0.15% against a basket of major currencies, after a 0.55% jump overnight that ended a three-day losing streak. The Aussie gained 0.8%, while New Zealand's kiwi bounced 0.6% to, as an easing in Shanghai's COVID lockdown helped sentiment. [FRX/] Data on Wednesday showed that British inflation surged to its highest annual rate since 1982 as energy bills soared, while Canadian inflation rose to 6.8% last month, largely driven by rising food and shelter prices. Bilal Hafeez, CEO of London-based research firm MacroHive, said there was a strong bias toward safe-haven assets right now, particularly cash. "There may be short-term bounces in equities like the last few days, but the big picture is that the era of low yields is over, and we are transitioning to a higher rates environment," Hafeez told the Reuters Global Markets Forum. "This will pressure all the markets that benefited from low yields - especially equities." U.S. Treasuries rallied overnight and were largely steady in Asia, leaving the yield on benchmark 10-year Treasury notes at 2.9076%. The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 2.6800% compared with a U.S. close of 2.667%. Oil prices recovered from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth. Brent crude rose 1.2% to $110.41 per barrel, while U.S. crude was up 0.8% to $110.48 a barrel. Gold was slightly lower. Spot gold was traded at $1814.88 per ounce. [GOL/]
10 Replies 10 π 10 π₯
@NoobBot #Crypto4Noobs
Coinbase Plays Web3 Card, BitMEX Launches Spot Trading in Race for New Customers and Revenues https://cryptonews.com/news/coinbase-plays-web3-card-bitmex-launches-spot-trading-in-race-for-new-customers-and-revenues.htm
138 Replies 15 π 12 π₯
@NoobBot #Crypto4Noobs
BitMEX launches spot crypto exchange following $30M penalty https://cointelegraph.com/news/bitmex-launches-spot-crypto-exchange-following-30m-penalty
137 Replies 11 π 13 π₯
@NoobBot #Crypto4Noobs
BitMEX Starts Spot Exchange on Eve of Co-Founder Hayes' Sentencing https://www.coindesk.com/business/2022/05/17/bitmex-starts-spot-exchange-on-eve-of-co-founder-hayes-sentencing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
146 Replies 6 π 14 π₯
@JPwhoisbrown #droscrew
so apparently as part of their premium data package u get the 25 gigs of hot spot and if ur in an area with congested speeds, u get "bumped up the line" to use the data
43 Replies 12 π 8 π₯
@trademaster #TradeHouses
By Swati Verma (Reuters) - Gold fell more than 1% to its lowest in 3-1/2 months on Monday as elevated bond yields and overall strength in the dollar dampened bullion demand, even as riskier assets dropped after grim China economic data. A stronger dollar makes gold expensive for overseas buyers, while higher Treasury yields raise the opportunity cost of holding zero-yield bullion. Spot gold was down 0.2% to $1,807.64 per ounce as of 1311 GMT, after earlier hitting its lowest since Jan. 31 at $1,786.60. U.S. gold futures were little changed at $1,808.10. "Spot gold may not stray far from $1,800, suppressed by the might of King Dollar and elevated Treasury yields, while supported by the looming prospects of a recession," said Han Tan, chief market analyst at Exinity. Gold prices are down over 13% since scaling a near-record peak of $2,069.89 an ounce in March. [USD/] [US/] "Having now fallen through the psychologically important threshold of $1,800 an ounce and with the hawkish monetary policy more likely to strengthen than weaken, it is hard to see where gold can now find a short-term foothold," Rupert Rowling, market analyst at Kinesis Money, said in a note. The dollar consolidated near a two-decade peak while risk appetite took a hit after weak economic data from China highlighted fears about a slowdown. [MKTS/GLOB] Silver has found itself caught up in the broader sell-off in equities and gold, being punished for being an industrial metal at a time when growth forecasts are being trimmed, Rowling added. Spot silver gained 0.9% to $21.26 per ounce, after slumping to its lowest since July 2020 on Friday. Platinum rose 0.2% to $940.16 and palladium was up 1.2% to $1,966.80. Johnson Matthey (LON:JMAT) said a surplus in the platinum market should shrink this year and the palladium markets are likely to move back into deficit.
121 Replies 14 π 13 π₯
@lucullus #droscrew
if you got everything spot on @Navneet you would be dining out with Elon Musk and asking him why his net worth was so low..... give over about ifs and buts
97 Replies 9 π 12 π₯
@trademaster #TradeHouses
By Andrew Galbraith SHANGHAI (Reuters) - Asian shares bounced on Friday, but were set for a second straight weekly loss and remained near June 2020 lows, while the dollar hovered near 20-year highs as investors digested worries about strong inflation and tightening central bank policy. Those concerns ultimately overcame hopes on Wall Street that high inflation might be peaking, pushing the S&P 500 close to confirming a bear market on Thursday, at nearly 20% off its January all-time high. [.N] In an interview later in the day, U.S. Federal Reserve Chair Jerome Powell said the battle to control inflation would "include some pain". And he repeated his expectation of half-percentage-point interest rate rises at each of the Fed's next two policy meetings, while pledging that "we're prepared to do more". After sharp losses a day earlier, Asian shares rallied on Friday. European equities were also set for a firmer open, with pan-region Euro Stoxx 50 futures up 1.08%, German DAX futures up 0.93% and FTSE futures gaining 0.98%. In afternoon trade, MSCI's broadest index of Asia-Pacific shares outside Japan was up around 1.8% from Thursday's 22-month closing low, trimming its losses for the week to less than 3%. Australian shares gained 1.93%, while Japan's Nikkei stock index jumped 2.64%. In China, the blue-chip CSI300 index was up 0.61% and Hong Kong's Hang Seng rose 2.22%. "We had some pretty big moves yesterday, and when you see those big moves it's only natural to get some retracement, especially since it's Friday heading into the weekend. There's not really a new narrative that's come through, " said Matt Simpson, senior market analyst at City Index. "I think there comes that point where you run out of sellers. I'm not really certain that this is going to be a buying rally at the moment, possibly a short-covering rally ahead of the weekend." The moves higher in equities were mirrored in slipping U.S. Treasuries, with the benchmark U.S. 10-year yield edging up to 2.8895% from a close of 2.817% on Thursday. The policy-sensitive 2-year yield was at 2.5924%, up from a close of 2.522%. "Within the shape of the U.S. Treasury curve we are not seeing any particularly fresh recession/slowdown signal, just the same consistent marked slowing earmarked for H2 2023," Alan Ruskin, macro strategist at Deutsche Bank (ETR:DBKGn), said in a note. The U.S. dollar remained near 20-year highs against a basket of currencies, supported by safe haven demand as Russia bristled over Finland's plan to apply for NATO membership, with Sweden potentially following suit. Moscow called Finland's announcement hostile and threatened retaliation, including unspecified "military-technical" measures. The dollar index, which tracks it against a group of currencies of other major trading partners, edged down about 0.1% to 104.65. But the greenback was stronger against the yen, which traded at 128.62 per dollar after hitting a two-week peak of 127.5 hit overnight. The European single currency was 0.1% firmer at $1.0389 after trading lower earlier in the day. Cryptocurrency bitcoin also turned higher, cracking through $30,000 after the collapse of TerraUSD, a so-called stablecoin, drove it to a 16-month low of around $25,400 on Thursday. In commodities markets, oil prices were higher against the backdrop of a pending European Union ban on Russian oil, but were still set for their first weekly loss in three weeks, hit by concerns over inflation and China's COVID lockdowns slowing global growth. U.S. crude ticked up 1.32% to $107.53 a barrel, and global benchmark Brent crude was up 1.6% at $109.17 per barrel. Spot gold, which had been driven to a three-month low by the soaring dollar, was up 0.16 % at $1,824.61 per ounce. [GOL/]
139 Replies 11 π 13 π₯
@dros #droscrew
from a technical perspective NKE might be at a decent spot to scale in but I wouldn't throw any size on it here
41 Replies 13 π 13 π₯
@NoobBot #Crypto4Noobs
Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains https://cointelegraph.com/news/why-the-world-needs-a-spot-bitcoin-etf-in-the-us-21shares-ceo-explains
55 Replies 9 π 6 π₯
@lucullus #droscrew
12000 /nq would be a decent spot for a bounce you might think... about 28.5% down
119 Replies 15 π 15 π₯
@NoobBot #Crypto4Noobs
Good News for German Crypto Investors, Spot Trading Increased in April + More News https://cryptonews.com/news/good-news-for-german-crypto-investors-spot-trading-increased-in-april-more-news.htm
103 Replies 14 π 14 π₯
Key Metrics
Market Cap
18.90 B
Beta
1.66
Avg. Volume
3.33 M
Shares Outstanding
179.25 M
Yield
0%
Public Float
0
Next Earnings Date
2022-07-27
Next Dividend Date
Company Information
Spotify is the world's most popular audio streaming subscription service with a community of 345 million Monthly Active Users and 155 million Premium Subscribers. With a presence in 93 markets, and more than 70 million tracks including over 2 million podcast titles, it has transformed the way people access and enjoy music and podcasts.
CEO: Daniel Ek
Website: www.spotify.com
HQ: 42 44 Avenue De La Gare, 1610 Luxembourg
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