Analisis Forex & Kajian: 04.04.2023 - Largest US bank to pay ...

04.04.2023 01:15 PM

Largest US bank to pay $97.8 million in fines

The largest American bank, Wells Fargo & Co., has been fined $67.8 million by the Federal Reserve for unsafe or unsound practices related to inadequate oversight of sanction risks at its subsidiary, Wells Fargo Bank.

As stated in the announcement, NA Wells Fargo & Co.'s insufficient oversight enabled it to violate US sanctions by providing a trade finance platform to a foreign bank to process around $532 million in transactions between 2010 and 2015.

It's also worth noting the fine imposed by the US Department of the Treasury's Office of Foreign Assets Control. The total fine announced by both agencies amounts to approximately $97.8 million.

As for pre-market trading today, Glencore Plc shares rose amid a recovery in copper prices, while Investec Plc shares increased by 3.6% after Rathbones Group Plc agreed to buy the British business of the capital management company for £839 million.

Tesla rose by 1.6% in pre-market trading after reporting an increase in deliveries to China, which smoothes out the demand picture for electric vehicles in the world's second-largest economy. Yesterday, shares fell 3.1% after Tesla reported delivering only 422,875 vehicles in the first quarter of 2023, falling short of economists' expectations. Analysts had expected the electric car manufacturer to report deliveries of around 432,000 vehicles for the quarter.

The energy sector continues to rise after Monday's surge, following OPEC's surprise announcement of production cuts, which prompted some analysts to revise their forecasts. According to expectations, oil prices may reach $100 per barrel already this year.

Marqeta's shares fell 4.2% after Morgan Stanley downgraded the rating to "hold" from "buy." The company said Marqeta will face many headwinds next year.

The deal to acquire Life Storage's Extra Space Storage at $145.82 per share, 11.2% higher than Friday's closing price, had a positive impact on one of the companies. It is expected that the deal will be closed in the second half of 2023. Extra Space shares fell 5.17% after the announcement, while Life Storage shares rose 4.64%.

As for the technical picture of the S&P500, demand for risk assets remains. The index is likely to extend gains if the bulls manage to break above $4,150, targeting $4,184. Equally important for the bulls will be to establish control over the mark of $4,208, which will be the factor behind a stronger bull market. In case the pair goes down amid the lack of targets and demand, a breakout in the range of $4,116 and $4,090 will immediately cause a fall in the trading instrument to $4,060, targeting $4,038.

Anda telah pun menyukai siaran hari ini

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Jika anda mempunyai sebarang soalan berkaitan kandungan, sila hubungi editorial-board@instaforex.com

Stock Markets

Jakub Novak,
Pakar analisis InstaForex
© 2007-2025

Lebih banyak artikel daripada pengarang ini

Langganan E-mel

EURUSD

Euro vs US Dollar

Pilih carta masa

min

jam

hari

minggu

Mulakan dagangan

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.

Muat turun MetaTrader 4 dan buka dagangan pertama anda.

Artikel yang dicadangkan

Pasaran Saham pada 30 Mei: S&P 500 dan NASDAQ Sambung Penurunan

Pasaran AS: Mahkamah Membatalkan Tarif Trump

Pasaran Saham pada 29 Mei: S&P 500 dan Nasdaq Henti Sementara Kenaikan

Menangani Lonjakan Dolar dan Kekacauan Teknologi: Titik Kemasukan Utama untuk Pedagang

Kemas Kini Mengenai Pasaran Saham AS pada 28 Mei

Pasaran Saham pada 28 Mei: S&P 500 dan NASDAQ Terus Meningkat dengan Pesat

Ramalan S&P 500 untuk 28 Mei 2025

Permintaan Domestik dan Harga yang Menarik

Kemas Kini Pasaran Saham untuk 27 Mei: S&P 500 dan NASDAQ Masih Mempunyai Potensi Pertumbuhan

Kemas Kini Pasaran Saham AS pada 27 Mei: Pasaran Mula Mengumpul Momentum

Analisis terbaik