With greenback, European and Asian markets being calm and steady, markets are awaiting American word on Middle Eastern oil market. In the meantime Russian president held inaguration ceremony and Elon Musk made his biggest purchase in more than a year. 



 

With greenback, European and Asian markets being calm and steady, markets are awaiting American word on Middle Eastern oil market. In the meantime Russian president held inaguration ceremony and Elon Musk made his biggest purchase in more than a year. 



 

Musk buys more Tesla shares.

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Stocks of the American electric-car producing conglomerate have risen by almost three percent since the beginning od trading and the market cap of the company was boosted by as much as $51.4 billion. This helped Tesla to once again leave General Motors Co. behind on that Index by a little short of $200 million. With such numbers Elon Musk, the CEO of Tesla has bought almost $9.9 million worth of company’s stocks.

Before his biggest purchase in more than a year, Musk has already been the biggest shareholder of Tesla and now he holds almost 20 percent of the company’s stock. But even this action was not lacking controversy as the purchase came just days after Musk has infamously taunted the investors of Tesla via his Twitter account.

Tesla stock is known for its short interest and those who are not feeling comfortable with tis were asked to “tip-toe to the exit” by Musk. Meanwhile S3 Partner managing director Ihor Davinsky said on the matter “If short-selling demand continues to grow at this pace, short sellers will feel the angst that Tesla Model 3 buyers are feeling -- with demand outstripping supply. [ ] Lack of stock loan supply, increased stock loan costs and tapped-out risk limits will eventually curtail short selling in Tesla. As we get closer to this happening, Tesla’s stock price will be more and more dependent on long shareholder buying and selling -- the shorts will be on autopilot and the longs will be in the driver’s seat.”

Nestle makes third biggest bet in the history of the company.

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For 152 years that Nestle conglomerate has existed there was no doubt that the dominance of the company in the market will not end soon. With more and more sweet products and coffee are now coming from this company, Known all around the world, the company has been looking for its next big project and it looks like it has finally found it.

The answer to Nestle’s search appeared to be Starbucks – coffee shops, represented globally by almost 30.000 cafes. The deal may seem weird to the side spectators as Nestle is not going to get any financial profit out of the deal. The CEO of the company Mark Schneider explained that the recognition that is going to come from Starbucks is good enough. Nestle agrees to provide the coffee shops with coffee beans and capsules.

In the recent years Nestle was struggling with some of the sales and while most of company’s produce has never known major struggles, some of them are still not recognized in the market like Nespresso and Dolce Gusto for instance. And Starbucks, being the second most valued brand in fast food company in the world may just help Nestle out with those poor numbers. The deal reached by the officials says that Starbucks is going to remain in charge for producing coffee for North America, while Nestle is going to take over with the coffee shops of the network in other countries.

Vladimir Putin held inauguration.

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After having been elected as Russian president for the fourth time Vladimir Putin held his inauguration party yesterday at Kremlin. Putin started to occupy the seat on the day that his 6-year –term has run out.

Putin arrived to Kremlin five minutes prior to the ceremony and after the clock stroke the time he pledged his speech for the whole world to see – Russian political and economic course is not going to change or crumble under international sanctions. After the pledge he automatically gained the title of the President, according to the Russian constitution. After the oath was over, Putin addressed the people of Russia with promise to protect the freedoms and the rights of the people of Russia.

Russian presidential elections took place on March 18. Putin is now highly criticized by the world leaders for his international policies, including annexation of Crimea and his aggression against Ukraine in Donbass region. Also, Russian actions in Syria have been the point for Russian and American conflicts for several years now. As a result of Putin;s policies Russia is now under heavy sanctions.

Stocks, currencies and crude overview.

King World News What Is Happening In Gold Bonds An

Although oil hit the highest point in almost 4 years, the retreat was inevitable and although the price for the barrel of the crude is still looming over $70 per barrel, a little fall in undeniable. Asian markets are looking at steady greenback as American currency at a standstill awaiting Trump’s decision on oil from Middle East.

MSCI Asia Pacific gained 0.6 percent.

Kospi lost 0.3 percent.

S&P/ASX Index from Australia gained less than 0.1 percent.

Topix went up by 0.4 percent.

FTSE rose by 0.1 percent.

S&P 500 Futures are almost unchanged.

Dollar barely moved against the basket of six major currencies.

Euro costs $1.9122 per euro.

 

Pound gained less than 0.1 percent - $1.3562.

WTI lost 0.9 percent but the barrel price is still higher than $70 - $70.07 per barrel.

Gold lost 0.1 percent - #1.312.62 per ounce. 

Vladimir Putin held inauguration.

After having been elected as Russian president for the fourth time Vladimir Putin held his inauguration party yesterday at Kremlin. Putin started to occupy the seat on the day that his 6-year –term has run out.

Putin arrived to Kremlin five minutes prior to the ceremony and after the clock stroke the time he pledged his spaach for the whole world to see – Russian political and economic course is not going to change or crumble under international sanctions. After the pledge he automatically gained the title of the President, according to the Russian constitution. After the oath was over, Putin addressed the people of Russia with promise to protect the freedoms and the rights of the people of Russia.

Russian presidential elections took place on March 18. Putin is now highly criticized by the world leaders for his international policies, including annexation of Crimea and his aggression against Ukraine in Donbass region. Also, Russian actions in Syria have been the point for Russian and American conflicts for several years now. As a result of Putin;s policies Russia is now under heavy sanctions.

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