European equities closed the day lower…
FTSE 100: -1.89%
CAC 40: -2.01%
Stoxx 50: -2.19%
IBEX 35: -0.86%
European equities are still firmly in the red, with the FTSE 100 now down 1.74%, not helped by the fall in oil prices, which stem from Chinese lockdown-related demand fears.
US index futures are also down, with the Dow at -0.61%, the S&P 500 at -0.60%, and the Nasdaq at -0.53%.
Twitter is up 4.82% premarket on reports that the social media giant is close to a deal to be taken over by Tesla CEO Elon Musk.
Coca-Cola shares are up 1.84% after its report beat top and bottom line analyst expectations.
With oil prices falling, oil stocks have naturally been impacted, with companies such as Marathon Oil, Chevron, and Exxon Mobil down more than 2% premarket.
Gold is down over 1% to $1,910, its lowest in four weeks on Monday, as prospects of aggressive Fed rate hikes and a strengthening dollar have impacted the yellow metal.
Antofagasta price target lowered to 1,400p from 1,450p at UBS
Antofagasta price target reduced to 1,550p from 1,560p at JPMorgan
Anglo American price target decreased to 3,000p from 3,200p at UBS
Anglo American price target lowered to 3,450p from 3,600p at JPMorgan
Synthomer price target trimmed to 420p from 460p at Barclays
Man Group’s price target increased to 255p from 240p at Barclays
Man Group price target raised to 300p from 295p at JPMorgan
IAG price target cut to 205p from 210p at Barclays
Easyjet price target lowered to 700p from 705p at Barclays
Diageo’s price target lowered to 4,700p from 4,800p at Barclays
Oxford Biomedica’s price target reduced to 1,070p at RBC Capital
Spectris price target trimmed to 3,835p from 4,380p at Berenberg
QinetiQ price target boosted to 400p from 335p at Berenberg
Petra Diamonds’ price target raised to 129p from 126p at Berenberg
After a red close for US equities Friday, stocks in Europe are down Monday morning…
FTSE 100: -1.58%
CAC 40: -1.90%
Stoxx 50: -1.89%
IBEX 35: -0.99%
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.