European Central Bank leaves monetary policy unchanged

On the New York Stock Exchange (NYSE), the number of grown papers was 2,252, the number of declined papers was 995, while the price of 122 stocks remained at the same level. On the NASDAQ exchange, 2,652 stocks gained, 995 declined, and 186 remained flat.

Mark Zuckerberg announced that Facebook will now be called Meta. Meta will create technology that will help people communicate, find communities and grow businesses. When Facebook launched in 2004, it changed the way people communicate. Apps like Messenger, Instagram, and WhatsApp have further expanded the possibilities of billions of people around the world. Now Meta is moving beyond 2D screens to immersive experiences (presence effects) such as supplemented and virtual reality to help build the next evolution in social technology. On the stock exchange, Facebook (current ticker FB) will begin trading under the new ticker MVRS on Dec. 1.

The level of oil and gas reserves in the world decreases for the fourth year in a row, the risks of the supply deficit are already being laid in prices. Yesterday, the price of WTI crude for December delivery rose 0.58% to $83/bbl.

On the back of Russia’s promises to fill Europe’s gas storage, the gas price dropped for the second day in a row. The gas price in Europe dropped below $900 per thousand cubic meters for the first time since September 24.

Gold prices are trading without change. In anticipation of the reduction of the quantitative easing program, investors are not in a hurry to buy gold, as with the growth of government bond yields, the price of gold will go down.

China’s National Development and Reform Commission met with key coal producers to further discuss price interventions, and investors are wondering whether the authorities will impose a cap on commodity prices.

Asian stock indices are trading flat as concerns over rising inflation continue to weigh on markets. Japan’s Nikkei and China’s CSI 300 increased by 0.82%, while Hong Kong’s Hang Seng and Australia’s ASX 200 decreased by 0.71% and 1.44%, respectively.