{"id":131662,"date":"2018-08-09T11:02:08","date_gmt":"2018-08-09T15:02:08","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=131662"},"modified":"2018-08-09T08:36:48","modified_gmt":"2018-08-09T12:36:48","slug":"hertz-global-tesla-lead-the-weekly-top-gainers-losers-08-08-2018","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/hertz-global-tesla-lead-the-weekly-top-gainers-losers-08-08-2018\/","title":{"rendered":"Hertz Global & TESLA lead the Weekly TOP GAINERS\/LOSERS: 08.08.2018"},"content":{"rendered":"
August 9, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Top Gainers \u2013 The World Market<\/h2>\n

1.\u00a0Hertz Global Holdings\u00a0<\/a>\u2013 stocks of the US car rental company rose after the publication of positive earnings reports for the 2nd quarter of the current year. It managed to reduce losses and increase revenue by 7.4%.<\/p>\n

2.\u00a0Tesla Motors<\/a>\u00a0\u2013 stock prices of the US manufacturer of electric cars increased after the statement of its CEO Elon Musk about the plans to buy back stocks from shareholders at the price of $420 per share.<\/p>\n

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\u00a0Top Losers \u2013 The World Market<\/h2>\n

1.\u00a0Regis Resources Ltd.<\/a>\u00a0\u2013 stock prices of the Australian mining company fell after the publication of a weak forecast for 2019. In particular, a significant increase in costs is expected.<\/p>\n

2.\u00a0TAISEI Corp.<\/a>\u00a0\u2013 stocks of the Japanese construction corporation fell because of weak financial reports for the 1st quarter of the current financial year. Net profit decreased by almost 35% compared to the 1st quarter of the previous year.<\/p>\n

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\u00a0Top Gainers \u2013 Foreign Exchange Market (Forex)<\/h2>\n

1.\u00a0USDTRY,\u00a0<\/a>EURTRY<\/a>\u00a0– the growth of the Turkish lira on the chart indicates its weakening against the US dollar and the euro. Besides the expected increase in inflation and other negative economic indicators, political factors also contribute to this. In particular, these are the plans of Turkey to continue the economic cooperation and purchase of natural gas from Iran despite the US sanctions against this country.<\/p>

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2.\u00a0USDRUB\u00a0<\/a>– the growth of the Russian ruble on the chart indicates its weakening against the US dollar. This was contributed by the US plans to tighten economic sanctions against Russia. An additional negative was the decrease in world prices for hydrocarbons. Their share in Russian exports exceeds 70%.<\/p>\n

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\u00a0Top Losers – Foreign Exchange Market (Forex)<\/h2>\n

1.\u00a0GBPAUD,\u00a0<\/a>GBPUSD<\/a>\u00a0– the decline of these charts means the weakening of the British pound against the Australian and the US dollars. The decrease in the pound strengthened after the announcement of the British trade minister Liam Fox that there is a 60% probability that the UK will withdraw from the EU in March next year without signing a treaty on mutual trade and other relations. The uncertainty about Brexit terms may last until mid-September, when negotiations between British Prime Minister Theresa May and the EU authorized representatives are scheduled.<\/p>\n

2.\u00a0EURMXN<\/a>\u00a0– the decline of this chart means the strengthening the Mexican peso against the euro. As it was expected, the Bank of Mexico retained the current parameters of its monetary policy at the meeting on August 2. The rate of the Bank of Mexico is equal to 7.75% and significantly exceeds 4.65% inflation. An additional positive factor was the increase in the consumer confidence index in June to the maximum since December 2007. A good factor for the peso was the statement of the Mexican Minister of Economy Ildefonso Guajardo about the possibility of signing the North American Free Trade Agreement with the US and Canada in the near future.<\/p>\n

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\nMarket Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Top Gainers \u2013 The World Market 1.\u00a0Hertz Global Holdings\u00a0\u2013 stocks of the US car rental company rose after the publication of positive earnings reports for the 2nd quarter of the current year. It managed to reduce losses and increase revenue by 7.4%. 2.\u00a0Tesla Motors\u00a0\u2013 stock prices of the US manufacturer of electric cars […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-131662","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=131662"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131662\/revisions"}],"predecessor-version":[{"id":131691,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131662\/revisions\/131691"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=131662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=131662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=131662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}