Frankfurt – 22/12/2021 Christmas Shopping Shortly before Christmas, the mood of US consumers brightened unexpectedly, which indulged investors on Wall Street. They continue their stock shopping spree. The chances of a Christmas rally have thus increased. The Christmas rally, also called the Santa Claus rally, usually takes place on the last five trading days of the year plus the first ...
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Friday, December 24, 2021
Markets Update Tuesday 21/12/2021 – Christmas Cheer
Frankfurt – 21/12/12021 Christmas Cheer After the setback at the start of the week, the stock exchanges went up again today. Wall Street made up for yesterday’s losses, and the DAX also closed clearly up. But the mood remains nervous. It was mainly bargain hunters who took advantage of the lower prices on the stock markets. They took advantage of ...
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Markets Update Monday 20/12/2021 – Depressed
Frankfurt – 20/12/2021 Depressed A whole series of negative factors depressed prices on the New York Stock Exchange today. The DAX also fell significantly. On the first day of the Christmas week, the US stock markets thus continued their weak performance of the previous week. Analysts identified several negative factors with the adverse effects of the fear around the corona ...
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Friday, December 17, 2021
Markets Update Thursday 16/12/2021 – Super-Thursday
Frankfurt – 16/12/2021 Super-Thursday After a reasonably positive start, the American stock markets slipped significantly in trading. Shares such as Apple and Microsoft were hit particularly hard by the sell-off. Several central bank decisions were the most important topic on this “Super Thursday”. The ECB is venturing a gradual departure from crisis mode and is phasing out its pandemic emergency ...
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Markets Update Wednesday 15/12/2021 – Relief
Frankfurt – 15/12/2021 Relief As expected, the US Federal Reserve has prepared the ground for the first interest rate hikes in the New Year. The move came as no surprise to the stock market. Prices rose across the board. Investors had hoped to see the Fed’s aggressive side but liked that the Fed is finally taking action against inflation, which ...
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Monday, December 13, 2021
Markets Update Monday 13/12/2021 – Central Banks
Frankfurt – 13/12/2021 Central Banks Investors on Wall Street slowed down significantly after recent gains. The major stock indices fell at the start of the week. Investors were more cautious due to the coronavirus variant Omikron’s continuing uncertainty and the unabated high inflation. Against this background, the next days will be dominated by monetary policy – including the interest rate ...
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Markets Update Friday 10/12/2021 – Sky-High
Frankfurt – 10/12/2021 Sky-High Even historically high US inflation figures did not throw the markets off track today. Investors took a deep breath after a successful week. The latest US inflation data had been eagerly awaited this afternoon. As feared, inflation in the US continued to rise in November by 6.8 per cent year-on-year. It is data that probably only ...
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Stock Take 09/12/2021
Fitch downgrades Evergrande’s credit rating China Evergrande’s bankruptcy is becoming increasingly likely. The rating agency Fitch has further downgraded the highly indebted real estate giant. The experts now rate the creditworthiness of China’s second-largest property developer as “Restricted Default” (RD), which is the second-lowest level and is close to total default. The $300 billion indebted groups have defaulted on payments. ...
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Sunday, December 12, 2021
Markets Update Thursday 09/12/2021 – Waiting for Friday
Frankfurt – 09/12/2021 Waiting for Friday The pre-Christmas stock rally has stopped for the time being. After three winning days in a row, the US stock markets ran out of steam. Concerns about measures needed to contain the new Corona variant Omikron dampened investor optimism. In addition, investors were cautious ahead of the US inflation data due on Friday. If ...
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Wednesday, December 8, 2021
Markets Update Wednesday 08/12/2021 – Between Hope and Evergrande
Frankfurt – 08/12/2021 Between Hope and Evergrande After the recent gains, Wall Street was quieter today. However, the Nasdaq technology exchange continued to be robust also because the Apple share continued its triumphant march. The corona variant Omikron remained the dominant topic on the stock exchange today. As later in New York, statements by the US pharmaceutical giant Pfizer and ...
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Markets Update Tuesday 07/12/2021 – Comeback
Frankfurt – 07/12/2021 Comeback The vigorous recovery of share prices on Wall Street at the beginning of the week continued on Tuesday. This is because worries about the economic consequences of a spread of the new Corona variant Omikron continue to ease in the USA. According to Anthony Fauci, Omikron is apparently no worse than other corona variants. “It is ...
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Tuesday, December 7, 2021
Markets Update Monday 06/12/2021 – Recovery
Frankfurt – 06/12/2021 Recovery The market’s current high volatility is still due to the recently reported corona mutation Omikron. Overall, there is still a lack of well-founded information on the virus, causing nervousness and uncertainty in the stock market. In addition, there are signs of an earlier than expected turnaround in interest rates in the USA. According to market observers, ...
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Monday, December 6, 2021
Markets Update Friday 03/11/2021 – Bye
Frankfurt – 03/12/2021 Bye At the end of the week, a sell-off in technology stocks dampened sentiment on the US stock markets. Investors shied away from risk and sold stocks in light of the global spread of the corona mutation Omikron and high inflation. Weaker-than-expected November labour market data had supported the stock market in early trading, pushing the Dow ...
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Friday, December 3, 2021
Markets Update Thursday 02/12/2021 – Nervous
Frankfurt – 02/12/2021 Nervous The vexed issue of the corona has once again taken hold of the markets and is unsettling investors. There is still a great deal of uncertainty both about the course of the disease at Omicron and about the effectiveness of the current vaccines and possible new restrictions for companies. And as we know, the stock market ...
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Markets Update Wednesday 01/12/2021 – Fear Markets
Frankfurt – 01/12/2021 Fear Markets While Omicron worries eased in Europe today, the first case in the USA unsettled Wall Street, the coronavirus variant thus continues to cause a lot of movement on the markets. In addition, it was Fed Chairman Powell who spooked investors again today. The old song of tapering-no-tapering had thus once again hurt prices on New ...
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Wednesday, December 1, 2021
Markets Update Tuesday 30/11/2021 – Back Down it goes
Frankfurt – 30/11/2021 Back Down it goes Statistically, November is one of the good stock market months. But in the grey “corona autumn”, everything is different this time. Due to the fear of new economic setbacks, the stock market month of November ended deeply in the red. The warning by Moderna CEO Stephan Bancel caused uncertainty on the stock markets ...
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Markets Update Monday 29/11/2021 – Green Monday
Frankfurt – 29/11/2021 Green Monday After the sell-off on “Black Friday”, investors on Wall Street piled in at lower levels today. However, the DAX was unable to keep up on the Frankfurt Stock Exchange. Shares of vaccine manufacturers were in particular demand, which shows that the new Omikron variant was also very much a topic in New York. Moderna shares ...
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Monday, November 29, 2021
Markets Update Friday 26/11/2021 – The Next Corona Slump
Frankfurt – 26/11/2021 The Next Corona Slump On Black Friday of all days, stock markets worldwide were caught up in renewed fears about the corona crisis and faltered badly. The reason for today’s sharp decline was that it was reported that a new, possibly dangerous, Corona variant with the designation B.1.1.529 has emerged in southern Africa. Meanwhile, a first case ...
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Saturday, November 27, 2021
Markets Update Thursday 25/11/2021 – Rest
Frankfurt – 25/11/2021 Rest Investors remain torn – between a further increase in corona positive figures and the opportunity for favorable entry prices. Accordingly, the German stock market was also nervous today. After five days of losses in a row, the Dax closed in the black for the first time. However, turnover was quite thin due to the closed Wall ...
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Thursday, November 25, 2021
Stock Take 24/11/2021
Gap issues sales warning US fashion chain Gap is expecting a sharp drop in sales due to global supply chain problems. Gap warned on Tuesday after the US stock market closed that it was facing a weaker Christmas season due to the ongoing difficulties and could lose a total of up to 650 million dollars in revenue this year. In ...
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Markets Update Wednesday 24/11/2021 – Minutes
Frankfurt – 24/11/2021 Minutes On the New York Stock Exchange, investors kept a low profile despite a plethora of new economic data. The overall activity was meagre before the holiday break. The US markets will be shut tomorrow for the Thanksgiving holiday. Things will get exciting on the following bridge day, Friday. This so-called “Black Friday” is considered the official ...
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Markets Update Tuesday 23/11/2021 – It’s Getting Colder
Frankfurt – 23/11/2021 It’s Getting Colder The prospect of a more rapid tightening of US monetary policy dominated trading on Wall Street today, causing caution among investors in the technology segment in particular. Yesterday, investors had already exited the market on a larger scale, especially in late trading, following President Joe Biden’s nomination of Jerome Powell for another term as ...
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Saturday, November 20, 2021
Stock Take 19/11/2021
LG share jumps up by double digits According to a media report, Apple is set to accelerate plans for its electric car, boosting shares of supplier LG Electronics on Friday. Bloomberg reported Apple is aiming to launch a self-driving electric car as early as 2025. LG Electronics shares climbed as much as 12 per cent to 137,500 Korean won before ...
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Markets Update Friday 19/11/2021 – Lockdowned
Frankfurt- 19/11/2021 Lockdowned The US stock markets did not find a clear direction at the end of the week. Corona concerns split over and weighed on the blue chips while tech stocks continued their record run. Tech stocks were driven both by some good corporate news and by the continued favorable environment. For example, the US Federal Reserve wants to ...
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Markets Update Thursday 18/11/2021 – New Highs
Frankfurt – 18/11/2021 New Highs Some heavyweights from the tech sector made a splash on Wall Street today, saving the day for the rest of the stock market. Otherwise, it would have been a rather dull trading day. In Germany, the DAX marked its sixth record high in a row today with impressive stoicism. It went up to 16,290 points ...
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Markets Update Wednesday 17/11/2021 – Supply Shocks
Frankfurt – 17/11/2021 Supply Shocks After surprisingly good economic data, concerns are growing in the USA about an interest rate hike next year. Strong retail sales are adding to speculation of an interest rate turnaround in the US soon. “The good news for investors is that aggregate demand appears to be weathering the inflation hike so far,” Bank of America ...
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Markets Udapte Tuesday 16/11/2021 – US-China Hugs
Frankfurt – 16/11/2021 US-China Hugs In New York, investors piled into the stock market today, rewarding strong economic momentum. The improved US relationship with China also went down well with investors. There are several reasons for the relatively better performance of the DAX and the other European markets. Unlike in the USA, the party of cheap central bank money continues ...
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Tuesday, November 16, 2021
Stock Take 15/11/2021
US government approves billion-dollar merger of S&P and IHS The US Department of Justice’s antitrust watchdogs has approved the roughly $44 billion takeover bid of financial data provider IHS Markit by rival S&P Global. However, the mega-deal may only occur under strict conditions due to competition concerns, the department announced in Washington on Friday. These include the spin-off of three ...
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Markets Update Monday 15/11/2021 – A Slow Start
Frankfurt – 15/11/2021 A Slow Start This also happens on Wall Street – hardly any movement in the major indices and thus a restrained start to the week. Nevertheless, it was exciting, with two heavyweights in particular in focus. Even on a quiet trading day like today, heavyweights like e-car maker Tesla and aircraft manufacturer Boeing made headlines. In the ...
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Markets Update Friday 12/11/2021 – No Time for Concern
Frankfurt – 12/11/2021 No Time for Concern Tailwinds for the markets came today from falling interest rate fears triggered by weak economic data. The recent rapid rise in prices is having a serious impact on the mood of consumers in the USA. According to preliminary results, consumers assessed their current situation worse than recently. Expectations for the coming months also ...
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Stock Take 10/11/2021
Coinbase disappoints with turnover Crypto exchange Coinbase has presented its financial statements for the third fiscal quarter. For the crypto exchange Coinbase, the third fiscal quarter of 2021 ended with earnings per share of 1.62 US dollars. The expert estimates had amounted to 1.561 US dollars in advance. In the previous quarter, the EPS was still 6.42 US dollars. Meanwhile, ...
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Markets Update Thursday 11/11/2021 – Inflationshock Aftermath
Frankfurt – 11/11/2021 Inflationshock Aftermath The interest rate outlook in the USA remains a topic on the market after the latest high inflation data. The accelerated rise in prices in America had weighed on investor sentiment the day before. US stock markets only partially recovered today from the previous day’s inflation shock, but tech stocks, in particular, were in demand ...
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Markets Update Wednesday 10/11/2021 – Inflation sinks Stocks
Frankfurt – 10/11/2021 Inflation sinks Stocks After the publication of the latest price data in the USA, investors withdrew from the markets for the time being. The record-breaking streak on the New York Stock Exchange has thus come to an end for the time being. In concrete terms, producer prices in the USA rose by 8.6 per cent in October ...
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Monday, November 8, 2021
Markets Update Friday 05/11/2021 – Workforce
Frankfurt – 05/11/2021 Workforce An exciting stock market week they ended in New York as it had begun – with price gains and records. The DAX also remained on the upswing and set new records. The New York stock exchange continued to rise at the end of the week. All major indices set new records but were unable to maintain ...
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Market Update Thursday 04/11/2021 – How much longer?
Frankfurt – 04/11/2021 How much longer? The Federal Reserve’s (Fed) only moderate curtailment of securities purchases continued to drive Wall Street today, even if the Dow Jones benchmark index lagged behind. Otherwise, however, the mood on Wall Street remained buoyant – except for the Dow, all other major stock indices set new records today. Investors celebrated, in particular, yesterday’s interest ...
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Stock Take 04/11/2021
Peloton share slumps in after trading hours Peloton Interactive generated revenue of 805.2 million US dollars in the first quarter of the 2022 fiscal year. By comparison, revenue-wise, US$757.9 million was on the books in the corresponding quarter of 2020. On average, experts had expected 808.7 million US dollars for the past quarter. The loss per share widened from 0.20 ...
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Markets Update Wednesday 03/11/2021 – A Sigh of Relief
Frankfurt – 03/11/2021 A Sigh of Relief Wall Street reacted to the eagerly awaited interest rate decision of the US Federal Reserve with price gains. This is because the monetary change that has now been set was expected and is taking place cautiously. As expected, the Fed announced that it was beginning to exit its ultra-expensive monetary policy in the ...
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Thursday, November 4, 2021
Stock Take 02/11/2021
Lyft share in demand after trading hours Uber competitor Lyft has reported revenues of 864.4 million US dollars for the third quarter of 2021, while analysts had expected 862.4 million US dollars. In the corresponding quarter of the previous year, Lyft had posted revenues of 499.7 million US dollars. The loss per share was 0.21 US dollars, after a discount ...
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Markets Update Tuesday 02/11/2021 – The Fed End?
Frankfurt – 02/11/2021 The Fed End? The US stock markets have continued their winning streak one day before the Fed’s interest rate decision. Tesla once again caused a stir among investors, but this time not in the most positive of ways. Statistically, the month of November marked the start of the six best stock market months, a development often also ...
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Markets Update Monday 01/11/2021
The US equity markets were robust in the run-up to the Federal Reserve’s interest rate meeting. The indices reached new highs today and maintained their gains. Stock exchange experts explained investors’ good mood, among other things, with confident statements by US Treasury Secretary Janet Yellen regarding the economic recovery from the Corona crisis. Another mood booster today was the trade ...
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Saturday, October 30, 2021
Markets Update Friday 29/10/2021 – Old Economy vs New Economy
Frankfurt – 29/10/2021 Old Economy vs New Economy At the end of the week, Wall Street absorbed the initial shock after the weak Apple and Amazon figures. The focus is now already on the coming week, especially next Wednesday when the Federal Reserve (Fed) will decide on the future direction of interest rates. It is a foregone conclusion that the ...
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Stock Take 28/10/2021
META is the new Facebook The tech company Facebook will have a new name in the future. The umbrella brand Meta is to stand above services such as Facebook or Instagram in future, as Facebook founder Mark Zuckerberg announced on Thursday. With the new name, Zuckerberg wants to direct the focus on the new virtual world, “Metaverse”, in which he ...
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Markets Update Thursday 28/10/2021 – ECB Disappointment
Frankfurt – 28/10/2021 ECB Disappointment Strong corporate balance sheets lured investors back to Wall Street, and tech stocks were particularly in demand. The Dow Jones Industrial Average approached its recent record high. In addition, investors are now optimistic that weaker economic growth could alleviate some of the monetary policy pressure the Fed is under due to high inflation. Its interest ...
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Friday, October 29, 2021
Stock Take 27/10/2021
eBay figures exceed expectations eBay has given investors a look at its third-quarter figures. The online auction house eBay achieved a turnover of 2.5 billion US dollars in the third quarter. This was more than analysts had expected. On average, analysts had forecast sales of 2.45 billion US dollars, after eBay had reported sales of 2.61 billion US dollars in ...
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Markets Update Wednesday 27/10/2021 – Euphoria Slow-Down
Frankfurt – 27/10/2021 Euphoria Slow-Down As on the previous day, investors withdrew even more from the stock market in late trading on Wall Street. While standard US stocks ultimately fell more sharply, the Nasdaq technology exchange managed to survive the day to some extent better. While US tech stocks continue to climb, the situation on the broad market is more ...
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Stock Take 26/10/2021
Google parent Alphabet increases profit Alphabet achieved a profit of 27.99 US dollars per share in the last quarter. The Google parent company thus exceeded analysts’ expectations, who had expected earnings per share of 23.83 US dollars. In the same period of the previous year, the profit had been 16.40 US dollars per share. Trade with the Best High Leverage ...
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Thursday, October 28, 2021
Markets Update Tuesday 26/10/2021 – Big-Tech-Control
Frankfurt – 26/10/2021 Big-Tech-Control Solid corporate balance sheet reports drove the US indices to further record highs today. Led by the technology exchange Nasdaq, all major US stock indices rose slightly today – with the Dow Jones, S&P 500 and the Nasdaq 100 selection index setting new records, which they were then unable to maintain over the day. The upswing ...
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Stock Take 25/10/2021
Tesla worth a trillion dollars after record share run US car rental company Hertz is pouring billions into expanding its electric car fleet with a major order from Tesla. The rival of Sixt announced on Monday in Estero in the US state of Florida that 100,000 Teslas had been ordered by the end of 2022. Previously, the financial news agency ...
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Markets Update Monday 25/10/2021 – Tesla Boom
Frankfurt – 25/10/2021 Tesla Boom After a sluggish start, the US stock markets turned up and reached new highs. Tesla shares, in particular, were in demand, and the electric car manufacturer is now worth more than one trillion dollars for the first time. Investors are looking ahead with optimism to the corporate reporting season, which will be in full swing ...
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Markets Update Friday 22/10/2021 – Reshuffle
Frankfurt – 22/10/2021 Reshuffle After tech stocks clearly dominated over blue chips this week, the tide turned today: blue chips rose, while the Nasdaq suffered losses. Meanwhile, Federal Reserve Chairman Jerome Powell provided the movement with his unexpectedly clear words on tapering, i.e. the gradual reduction of the Fed’s multi-billion bond purchases. Investors thus had a whole host of news ...
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Wednesday, October 6, 2021
Stock Take 05/10/2021
PepsiCo raises annual targets again US beverage and snack maker PepsiCo is even more optimistic about the entire year after strong growth in the third quarter. The company is benefiting from buoyant demand for soft drinks and snacks. Sales are expected to grow by eight per cent on its own in 2021, as Coca-Cola’s rival announced in Purchase on Tuesday. ...
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Markets Update Tuesday 05/10/2021 – Bounce
Frankfurt – 05/10/2021 Bounce On Wall Street, the losses of the previous day were almost made up in a counter-movement. However, no one really wants to believe in a turnaround. Rather, the environment remains full of familiar risks. For example, there are still uncertainties surrounding the payment difficulties of the Chinese real estate giant Evergrande, and the dispute over the ...
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Markets Update Monday 04/10/2021 – Oil Price Explosion
Frankfurt – 04/10/2021 Oil Price Explosion Oil weighed heavy on the financial markets today. The black gold continues to appreciate at a price, putting a strain on the entire economy. But not only the oil market burdened the market, wide-spread internet outages and an unfolding social media drama also came into play as the day progressed. In addition to these ...
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Saturday, October 2, 2021
Markets Update Friday 01/10/2021 – Drugged. Up.
Frankfurt – 01/10/2021 Drugged. Up. Rising energy prices, power shortages, supply chain disruptions and rising inflation made investors nervous last trading week. However, shortly before the weekend, there was still a good end – at least on Wall Street. The reason for this was news that the US pharmaceutical giant Merck raised hopes for an anti-corona drug. According to the ...
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Markets Update Thursday 30/09/2021 – The worst stock market month of the year
Frankfurt – 30/09/2021 The worst stock market month of the year In September, Wall Street and the DAX fell more than they had in a long time. At the end of the month, inflation data and other fears scared many investors away. Today, a glimmer of hope came from the United States, where the US Senate seems probably averted a ...
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Markets Update Wednesday 29/09/2021 – King Dollar
Frankfurt – 29/09/2021 King Dollar Falling bond yields have given the stock markets a boost again, and the dollar also continues to rise. Not even the looming shutdown in the US is hurting the greenback. According to some market experts, this is a sign of confidence that the parties involved will get their act together at the last minute, as ...
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Stock Take 29/09/2021
TRATON gets a new boss The Volkswagen commercial vehicle holding company TRATON is getting a new boss. The current boss, Matthias Gründler, is leaving the company prematurely this week and will be replaced by Christian Levin, the former head of the Swedish truck manufacturer Scania. TRATON supervisory board chairman Hans Dieter Pötsch said on Wednesday evening that the 54-year-old Levin ...
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Wednesday, September 29, 2021
Markets Update Tuesday 28/09/2021 – Interest Rate Fears
Frankfurt – 28/09/2021 Interest Rate Fears Inflation worries, a possible rise in interest rates, and the threat of a shutdown in the USA caused Wall Street to wobble today. Other markets also became more uncomfortable. A cocktail of inflation fears, fears of monetary tightening by the US Federal Reserve and pronounced weakness in technology stocks dampened investors’ spirits on stock ...
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Stock Take 27/09/2021
Aurora Cannabis reduces loss Cannabis company Aurora Cannabis has opened its books and presented its figures for the past quarter and 2021. In Aurora Cannabis’ fourth quarter ended 30 June 2021, the Canadian company posted 54.8 million Canadian dollars revenue. This was less than analysts had expected. Experts had previously forecast Aurora Cannabis to post revenue of 56.8 million Canadian ...
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Markets Update Monday 27/09/2021 – Post Election
Frankfurt – 27/09/2021 Post Election The Bundestag elections took place in Germany at the weekend. The result reassured many investors as there was no left-wing coalition, which would have been the only scenario that would have had a supposedly negative effect on the stock markets. Accordingly, there was a big sigh of relief on the Frankfurt stock exchange floor on ...
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Monday, September 27, 2021
Markets Update Friday 24/09/2021 – Nail-biting
Frankfurt -24/09/2021 Nail-biting The tremors surrounding the Chinese real estate giant Evergrande kept investors around the world on tenterhooks all week. The company, which is heavily indebted with around 300 billion dollars, can hardly make its interest payments. On Friday, some investors in a dollar bond declared, according to insiders, that they had not received any money. A 30-day grace ...
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Stock Take 24/09/2021
McDonald’s resumes share buyback & increase quarterly dividend The world’s largest fast-food company McDonald’s, is looking to put the aftermath of the Corona pandemic further behind it. The share buyback programme, which was suspended in spring 2020, will be resumed, the group announced in Chicago on Friday night. In addition, the quarterly dividend will be increased by seven per cent ...
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Stock Take 23/09/2021
Twitter pro-Bitcoin Twitter is giving its users the option to support the operators of their favourite profiles in cryptocurrencies such as Bitcoin. The function will first be introduced on the iPhone and later follow for devices with the Google Android system, announced on Thursday. Twitter is also experimenting with innovations to make everyday life on the short message service more ...
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Markets Update Thursday 23/09/2021 – Fed. Up.
Frankfurt – 23/09/2021 Fed. Up. The Fed’s continued ultra-loose monetary policy and encouraging corporate outlooks continue to drive the stock market recovery today. Once again, Jerome Powell, the top money watchdog in the US, kept equity investors happy. He apparently hit the right note with his stalling tactics and cautious hints of an imminent turnaround in monetary policy. The US ...
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Thursday, September 23, 2021
Markets Update Wednesday 22/09/2021 – Nothingburger
Frankfurt – 22/09/2021 Nothingburger Fed President Jerome Powell’s announcement this evening was not a big bang. As he did three weeks ago at the virtual central bank conference in Jackson Hole, he signalled that the US central bank would probably reduce its bond purchases this year. However, he again did not give a precise timetable and deferred to the next ...
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Stock Take 21/09/2021
Uber announces first operating profit More than a decade after its founding, Uber is looking at its first operating profit – at least after deducting various costs. The ride-hailing company burned billions of dollars in its global expansion with the promise of profits later. Uber announced on Tuesday that it had now turned a profit on an adjusted basis before ...
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Markets Update Tuesday 21/09/2021 – Rescue Boat?
Frankfurt – 21/09/2021 Rescue Boat? After the sell-off at the start of the week, the stock markets stabilised today. Some investors took the opportunity to enter and went “bargain hunting”. But the calm could prove to be deceptive because the Evergrande fiasco and the upcoming Fed meeting could again harbour risks. In New York and in Frankfurt, where the new ...
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Stock Take 20/09/2021
Rivian forges ahead While Tesla fans continue to wait for the cyber truck, a US start-up has overtaken the electric car pioneer on the left and launched the first electric pickup truck. Pickups are a common sight on the roads of the United States. But an electric version of the popular US vehicles is not yet on the market, even ...
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Markets Update Monday 20/09/2021 – Red Monday
Frankfurt – 20/09/2021 Red Monday The impending bankruptcy of the Chinese real estate giant Evergrande has sent stock markets around the world into a tailspin. Wall Street experienced the biggest price drop in months. The DAX 40 also suffered heavily on its debut today. Investors fear a real estate crisis in China, which would weigh heavily on the economy there. ...
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Tuesday, September 21, 2021
Markets Update Friday 17/09/2021 – China Worries
Frankfurt – 17/09/2021 China Worries It is getting more uncomfortable on the stock markets. Just in time for the start of the colder seasons, the stock markets are also becoming frostier. Among other things, the “triple witches’ Sabbath”, the big expiration day on the futures exchanges, caused fluctuations today. Futures contracts on indices and individual stocks expire these days, causing ...
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Stock Take 16/09/2021
On sprints to the New York Stock Exchange Running shoe manufacturer On Holding got off to a flying start on the New York Stock Exchange. Shares in the Swiss company climbed by around 48 per cent to 35.4 dollars at the start of trading on Wednesday. Overall, the stock exchange thus values the company, in which tennis star Roger Federer ...
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Markets Update Thursday 16/09/2021 – Ever-not-so-Grande
Frankfurt – 16/09/2021 Ever-not-so-Grande According to today’s economic data, US Americans’ appetite for consumption has reawakened. Rising sales in the US retail trade provided a small ray of hope on the stock markets today. Neither the corona crisis nor hurricane “Ida” was able to spoil the US Americans’ shopping mood. But the market mood remains depressed. The positive economic news ...
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Markets Update Wednesday 15/09/2021 – China Disappointment
Frankfurt – 15/09/2021 China Disappointment What the Frankfurt Stock Exchange is currently unable to do, happened today in New York. The major stock indices recovered in the day, supported by new economic hopes. Above all, the better-than-expected Empire State Economic Indicator for the New York metropolitan area was well-received by stock market participants. The market also benefited from higher oil ...
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Stock Take 14/09/2021
Intuit buys Mailchimp in billion-dollar takeover As expected, the US software company Intuit takes over the email marketing service provider Mailchimp. Intuit will pay around 12 billion US dollars (10.1 billion euros) in cash and shares for the takeover of the privately held company, as the company announced in Mountain View (California) on Monday. The news agency Bloomberg had already ...
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Saturday, September 18, 2021
Stock Take 13/09/2021
China apparently breaks up AliPay China continues to tighten the thumbscrews on its tech industry. The government in Beijing wants to break up fintech group Ant Group’s highly profitable payment app AliPay and create a separate platform for the company’s credit business, the Financial Times newspaper wrote on Sunday. The plan also requires Ant to hand over the user data ...
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Markets Update Monday 13/09/2021 – Interest Rate Games
Frankfurt – 13/09/2021 Interest Rate Games Tomorrow it will be exciting on both sides of the Atlantic, as the US inflation data for August will be on the agenda. At 5.3 per cent for overall inflation and 4.2 per cent excluding energy and food, these are likely to be only marginally lower than in the previous month, several analysts expect. ...
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Thursday, September 2, 2021
Markets Update Wednesday 01/09/2021 – Overvalued
Frankfurt – 01/09/2021 Overvalued Sobering job data from the USA have dampened speculation about an imminent tightening of monetary policy. Technology shares, in particular, were again in demand, and the Nasdaq stormed to a new all-time high. Equity strategists warn against the high valuations on the stock market. High inflows into equities and more active private investors in the corona ...
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Stock Take 31/08/2021
VW advances to the US Supreme Court Volkswagen is moving to the US Supreme Court in another explosive legal battle over the emissions scandal. The car company filed a petition for review of the case with the US Supreme Court on Tuesday. VW had suffered a stinging legal defeat against the state of Ohio in June, which could possibly lead ...
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Markets Update Tuesday 31/08/2021 – China Low
Frankfurt – 31/08/2021 China Low Things went a bit slower on the record-hunting New York Stock Exchange today. After a weaker start, all major US indices moved around their closing prices from Monday. The leading index, Dow Jones Industrial, which recently failed to keep up with the impressive rally in technology stocks, closed slightly down. The other major US stock ...
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Tuesday, August 31, 2021
Markets Update Monday 30/08/2021 – Happy Tech
Frankfurt – 30/08/2021 Happy Tech Easing interest rate fears continued to drive New York’s Wall Street, particularly technology stocks. Both the broad-based S&P 500, which includes both technology and standard stocks, and the Nasdaq technology indices reached further highs, while traditional stocks lagged. Other global markets reflected a similar trend today. US Markets at a glance The Dow Jones hovered ...
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Saturday, August 28, 2021
Markets Update Friday 27/08/2021 – Confidence Booster
Frankfurt – 27/08/2021 Confidence Booster Moderate tones overall from Federal Reserve Chairman Jerome Powell on further monetary policy continued to fuel the US stock markets at the end of the week and, in some cases, drove them to new records. The vastly anticipated highlight of the stock market week brought both the market-wide S&P 500 index and the technology exchange ...
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Stock Take 26/08/2021
Peloton share suffers double-digit drop in after trading hours Fitness equipment specialist Peloton Interactive gave investors a look at its books after the US close on Thursday. The company reported a loss of USD 1.05 per share for the past three months. Analysts had previously expected a negative EPS of 0.443 US dollars. In the previous year, a profit of ...
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Markets Update Thursday 26/08/2021 – Tapering
Frankfurt- 26/08/2021 Tapering On Wall Street, investors took profits before Federal Reserve Chairman Jerome Powell’s speech. The stock market rally that lasted for days has thus come to an end, at least in the short term. Of course, the looming end of the ultra-expansive interest rate regime of the US Federal Reserve (Fed) was once again the big topic on ...
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Markets Update Wednesday 25/08/2021 – Indications
Frankfurt – 25/08/2021 Indications The most important topic at the moment is the upcoming central bankers’ meeting in Jackson Hole in the USA, which will be held as a video conference. On Friday, a speech by US Federal Reserve President Jerome Powell is on the agenda. Investors expect the Powell speech to give them an indication of the future monetary ...
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Markets Update Tuesday 24/08/2021 – Vaccination High
Frankfurt – 24/08/2021 Vaccination High The recent short period of weakness in the US and other important stock markets seems to have been overcome again. Investors are more afraid of not being in the market than being scared of a potential crash. Today’s primary market booster was the first “regular” approval of a corona vaccine in the USA. The official ...
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Tuesday, August 24, 2021
Stock Take 23/08/2021
Branson wants to take Virgin Orbit public The British billionaire Richard Branson is taking another company from his corporate universe public. The space company Virgin Orbit is to be placed via an investment vehicle and will have a market value of 3.2 billion dollars. US aircraft manufacturer Boeing is participating in the transaction, Virgin Orbit announced on Monday. In total, ...
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Markets Update Monday 23/08/2021 – Pre Jackson Hole
Frankfurt – 23/08/2021 Pre Jackson Hole The US markets seamlessly continued Friday’s positive trend at the start of the week and even marked further records in the process. More risk appetite among investors and rising oil prices were the driving forces behind a successful trading day. Although the potential impact of the delta variant is still being followed with concern ...
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Markets Update Friday 20/08/2021 – Friendly Close
Frankfurt – 20/08/2021 Friendly Close After the initial interest rate shock following the Fed Minutes, Wall Street recovered as the week progressed. After stabilizing yesterday, the leading US stock indices all ended trading today with gains. In Europe, too, the major stock market barometers were in a friendly mood. Only in the Far East was the mood dull. Support came ...
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Stock Take 19/08/2021
Gaming and crypto boom boosts NVIDIA. Strong demand for gaming equipment such as graphics cards and data centre technology helped US chipmaker NVIDIA post a surprisingly strong second quarter. In the past three months to the end of July, the company increased sales by 68 per cent year-on-year to a record 6.5 billion dollars, and it was announced on Wednesday ...
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Markets Update Thursday 19/08/2021 – Fed Minutes Aftermath
Frankfurt – 19/08/2021 Fed Minutes Aftermath The topic of the day today was the minutes of the Federal Reserve meeting published the previous evening, which indicate that monetary policy will move faster than expected. The Fed will gradually become more cautious is not news; rather, Bank Chairman Jerome Powell has always made a change in the interest rate regime dependent ...
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Markets Update Wednesday 18/08/2021
Frankfurt – 18/08/2021 Projected Uncertainty When will the end of the ultra-loose monetary policy begin? This question remained open after the minutes of the last Fed meeting were published this evening. The members of the US central bank showed disagreement on when to reduce bond purchases. Most participants were of the opinion that “substantial further progress” towards the full employment ...
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Sunday, August 22, 2021
Markets Update Tuesday 17/08/2021
Frankfurt – 17/08/2021 Uneasy Weak retail sales data and concerns about a further economic recovery in the United States have pushed the US stock markets off their record course. Unlike yesterday, when initial losses were recovered, they closed significantly weaker. Many other stock exchanges also fell, in some cases significantly. In addition to lower-than-expected sales by retailers, the corona crisis ...
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Stock Take 16/08/2021
Bayer moves to US Supreme Court Bayer is counting on a supreme court decision in the USA’s multi-billion-dollar glyphosate legal dispute to turn the tide. According to its statements on Monday, the agrochemicals and pharma corporation has petitioned the United States Supreme Court to examine the Hardeman case. If the court decides to hear the lawsuit and rules in Bayer’s ...
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Markets Update Monday 16/08/2021
Frankfurt – 16/08/2021 Before the Storm? Weak economic data from China initially weighed on Wall Street, among others. But in the day, the indices recovered strongly and even set new records. In the Middle Kingdom, data on retail sales and the state of industry were weaker than expected, for which rigid corona measures were cited as one of the reasons. ...
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Tuesday, August 10, 2021
Stock Take 09/08/2021
Buffett Holding posts another strong profit Warren Buffett’s investment company, Berkshire Hathaway, has presented solid figures for the second fiscal quarter of 2021. The recovery from the Corona crisis has helped the investment company of US star investor Warren Buffett to significantly more profit in the second quarter. In the three months to the end of June, operating profit rose ...
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Markets Update Monday 09/08/2021 – Crypto-tussle halts Infrastructure Bill
Frankfurt – 09/08/2021 Crypto-tussle halts Infrastructure Bill The US stock markets took a rally pause today. Waiting for new price data slowed activity, as did renewed corona worries. Nevertheless, there was a big winner. Trade with the Best Brokers for Cryptocurrencies There was little change on the New York Stock Exchange at the start of the week, while investors held ...
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Monday, August 9, 2021
Stock Take 06/08/2021
Ballard Power makes more loss Canadian fuel cell manufacturer Ballard Power presented its figures for the second fiscal quarter of 2021. The quarterly loss per share amounted to 0.07 US dollars, compared to 0.04 US dollars a year ago and analysts’ expectations of -0.06 US dollars. Revenue in the reporting period was put at 24.96 million US dollars, while the ...
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Markets Update Friday 06/08/2021 – Good Job
Frankfurt – 06/08/2021 Good Job After robust labour market data, it is clear that the US interest rate turnaround is getting closer. But Wall Street investors remained calm at the end of an eventful week, even setting new records. Even the prospect of a change in the interest rate regime – the usual poison for equity markets – did not ...
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Stock Take 05/08/2021
GoPro makes it into the black – just GoPro earned 0.12 US dollars per share in its second quarter of the current financial year. At the same time as the previous year, the balance sheet showed -0.200 US dollars per share. This means that the EPS was higher than analysts had expected; the experts’ estimates had previously been 0.038 US ...
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Sunday, August 8, 2021
Markets Update Thursday 05/08/2021 – Anticipation
Frankfurt – 05/08/201 Anticipation Investors on Wall Street were already positioning themselves today ahead of the eagerly awaited US labour market data, the NFP report. The major indices all rose, with records being set on the Nasdaq. In addition, strong corporate balance sheets further boosted Wall Street. Technology stocks also benefited today from the renewed easing of interest rate fears. ...
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Markets Update Wednesday 04/08/2021 – Tech-shares benefit
Frankfurt – 04/08/2021 Tech-shares benefit Positive economic data from China but also from the USA have given the markets a fresh tailwind today. Only the labour market report from the US private sector was disappointing and depressing sentiment somewhat. The jobs data are essential for investors since the US Federal Reserve bases its monetary policy choices mostly on the labour ...
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Stock Take 04/08/2021
Group restructuring drags Commerzbank into the red Commerzbank slipped into red figures in the second quarter of 2021 due to the expensive restructuring of the group. A loss of 527 million euros was on the books below the line, as the Frankfurt-based MDAX group announced on Wednesday. A year earlier, the bank had earned 183 million euros in the period ...
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Wednesday, August 4, 2021
Stock Take 03/08/2021
China calls video games ‘spiritual opium’ Fears of new regulations in China hit the shares of video game providers on Tuesday. The stocks of Activision Blizzard (“Candy Crush”) and Electronic Arts (“Fifa22”) suffered price losses of up to 3.5 per cent. In a Chinese state medium, video games were described as “spiritual opium”. This scared off some investors. Beijing had ...
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Markets Update Tuesday 03/08/2021 – How much longer?
Frankfurt – 03/08/2021 How much longer? After six months of profits in a row, the air on the stock markets is getting thinner, but investors are not yet showing any fear of heights. Initially, renewed concerns about the spread of the coronavirus had weighed on global stock markets today. Some investors fear a renewed setback for the economy due to ...
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Stock Take 02/08/2021
Square acquires Afterpay With the acquisition of the Australian payment service provider Afterpay, the US payment service Square wants to expand its business to include installment payments. The deal, worth a good 29 billion US dollars, should be completed in the first quarter of next year, both companies announced in San Francisco and Melbourne on Monday. Square wants to pay ...
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Markets Update Monday 02/08/2021 – Between Hope and Fear
Frankfurt – 02/08/2021 Between Hope and Fear The new stock market month began on Wall Street as the old one ended – with new records. However, the good mood did not last long. New economic data fueled concerns about the economy. For example, the mood in the US industry surprisingly clouded over in July. Another setback came from China, where ...
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Sunday, August 1, 2021
Stock Take 30/07/2021
Procter & Gamble exceeds expectations The consumer goods group Procter & Gamble has once again made a final spurt at the end of the financial year. The company performed better than analysts expected in the fourth quarter (ending June). Revenues rose by 7 per cent to 18.9 billion US dollars, as the company announced in Cincinnati on Friday. The company ...
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Markets Update Friday 30/07/2021 – A successful July
Frankfurt – 30/07/2021 A successful July The German stock market weather in July was quite changeable, with a few small showers and thunderstorms. On Wall Street, however, the sun was shining for the most part. New records were set almost daily. The S&P 500 stormed from one record to the next. It gained 2.3 per cent for the month. It ...
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Stock Take 29/07/2021
Telekom’s US subsidiary earns almost one billion dollars The Telekom subsidiary T-Mobile US gained many new customers in the second quarter and almost increased its profit eightfold. The company earned 978 million dollars below the line. The mobile phone company increased its revenues by 13 per cent to 20 billion dollars. In the three months from April to the end ...
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Markets Update Thursday 29/07/2021 – Economic Boom
Frankfurt – 29/07/2021 Economic Boom The US economy is running at high speed – thanks to Americans’ increasing desire to consume, and this shopping mood is infecting the stock markets. New records were set on Wall Street, even if they could not be maintained. While in Europe, the economy is only gradually gaining momentum, the USA is in the midst ...
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Thursday, July 29, 2021
Markets Update Wednesday 28/07/2021 – The Gates Remain Open
Frankfurt – 28/07/2021 The Gates Remain Open The money floodgates remain wide open as the US Federal Reserve confirmed today that it would continue its ultra-loose monetary policy. However, it signalled that a scaling back of bond purchases is getting closer. The US Federal Reserve left the key interest rate at the historically low level of zero to 0.25 per ...
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Markets Update Tuesday 27/07/2021 – China Drop
Frankfurt – 27/07/2021 China Drop China continues to unsettle markets with statements about ever-tighter regulation of different sectors. After technology companies, in particular, have been in the government’s focus recently, investors are increasingly wondering which industry will fall out of favour with the Chinese government next. Uncertainty about the government’s further course of action accordingly led to another price slide ...
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Stock Take 26/07/2021
Tesla impresses again with a strong jump in sales and profits The electric car manufacturer Tesla opened its books after the close of trading on Monday and reported on its business performance in the second quarter. Tesla announced that earnings per share rose significantly from 0.436 US dollars to 1.45 US dollars in the reporting period. The company, led by ...
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Markets Update Monday 26/07/2021 – Big-Tech Week
Frankfurt – 26/07/2021 Big-Tech Week The stock market week on Wall Street has begun as the old one ended: with new records. Not all international stock exchanges were able to keep up, but optimism continues to spread on the trading floor. However, investors have been rather cautious ahead of the eagerly awaited quarterly figures of the tech giants. China continues ...
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Monday, July 26, 2021
Stock Take 23/07/2021
American Express with big profit leap Credit card provider American Express Co posted higher sales and profits in the second quarter as consumer spending on travel and entertainment continued to rise, and the company built up credit reserves. American Express’ net income rose to $2.28 billion from $257 million a year earlier, the financial services provider said. Earnings were $2.80 ...
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Markets Update Friday 23/07/2021 – Social Media Rally
Frankfurt – 23/07/2021 Social Media Rally It was the day of the high-tech and social media stocks. Strong quarterly figures from Twitter and Snap fuelled the stock rally in New York. Snap shares shot up by 23 per cent, and Facebook shares also rose strongly. The “old economy” also reported good results: American Express and Honeywell surprised positively. Only markets ...
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Stock Take 22/07/2021
Visa acquires Currencycloud Visa buys for a high three-digit million amount. The company said it is acquiring Currencycloud, a London-based provider of cross-border payments technology. The latter is valued at £700 million in the deal. “The acquisition of Currencycloud will enable us to help our customers and partners reduce the hassle of cross-border payments,” said Colleen Ostrowski, global treasurer at ...
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Markets Update Thursday 22/07/2021 – ECB Tailwind
Frankfurt – 22/07/2021 ECB Tailwind With its announcement that it will maintain its ultra-loose monetary policy for longer, the ECB boosted Europe’s stock markets today. Wall Street, on the other hand, was in the doldrums. ECB President Christine Lagarde sets herself up permanently for a zero interest rate strategy and an ultra-loose monetary policy. “Our key interest rates have been ...
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Stock Take 21/07/2021
Coca-Cola raises forecast Beverage company Coca-Cola earned more than expected in the second quarter and raised its full-year forecast. Net income rose to $2.64 billion, or 61 cents per share, from $1.78 billion, or 41 cents, in the year-ago period. Adjusted EPS of 68 cents exceeded the Factset consensus of 56 cents. Revenue rose to $10.13 billion from $7.15 billion ...
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Markets Udpate Wednesday 21/07/2021 – Equities all-time highs
Equities all-time highs Above all, the lack of investment alternatives and the fear of missing out is once again driving investors into equities. Bargain hunters, in particular, have returned to the trading floor and continued to drive prices up today. Worries about price increases, rising yields on the bond market or even corona and the economic recovery are retaking a ...
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Stock Take 20/07/2021
IBM share on the rise Computer specialist IBM posted a significant increase in revenue in the second quarter thanks to strong demand for cloud software and IT services. In the second quarter, revenues rose by 3.4 per cent year-on-year to 18.7 billion dollars, IBM announced on Monday after the US stock exchange closed. The company thus achieved its strongest growth ...
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Markets Update Tuesday 20/07/2021 – Wall Street’s back!
Frankfurt – 20/07/2021 Wall Street’s back! After the previous days’ sell-off, Wall Street rallied again in a powerful counter-movement. Above all, however, it was bargain hunters who drove the market. Meanwhile, experts at US big bank JPMorgan believe investors’ fears of a possible end to the economic recovery from the pandemic are overblown. In the US, the ongoing economic recovery ...
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Sunday, July 25, 2021
Stock Take 19/07/2021
Zoom wants to buy Five9 The video conferencing service Zoom wants to broaden its base with its largest acquisition to date. Zoom Video Communications is making its biggest acquisition yet as it looks to expand its business beyond video conferencing. The Corona winner is buying a specialist in cloud-based call centres. Zoom uses its shares, which have risen sharply in ...
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Markets Update Monday 19/07/2021 – Panic Drum
Frankfurt – 19/07/2021 Panic Drum The alleged spread of the corona delta variant, which caused a sharp rise in new positive tested persons in the Far East and the USA, fuelled concerns among investors about renewed restrictions, for example, on travel and tourism. This threatens to stall the economic recovery. The resurgence of the Corona panic could now trigger the ...
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Monday, July 19, 2021
Markets Update Friday 16/07/2021 – Reverse Gear
Frankfurt – 16/07/2021 Reverse Gear Resurgent inflation concerns continued to weigh on the markets at the end of the week. However, many analysts see the general upward trend on the markets remaining intact after fears of a tighter monetary policy in the USA have subsided in the wake of the recent significant increase in inflation there. The US Federal Reserve ...
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Stock Take 15/07/2021
US Consumer Protection Agency sues Amazon The world’s most prominent online retailer, Amazon, faces a lawsuit from the US Consumer Product Safety Commission (CPSC) over deficiencies in third-party product safety. “We need to address how to deal more effectively with these massive third-party platforms and how best to protect American consumers who rely on them,” CPSC chairman Robert Adler said ...
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Markets Update Thursday 15/07/2021 – Unprecedented Inflation
Frankfurt – 15/07/2021 Unprecedented Inflation The mood on the global stock markets has clouded over. With his statements in the House of Representatives, US Federal Reserve Chairman Jerome Powell was apparently only able to calm the financial markets briefly. Investors continue to worry about high inflation. If inflation does not fall, the Fed will have to take countermeasures with a ...
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Stock Take 14/07/2021
Wells Fargo with profit in the billions Significantly lower risk provisions for bad loans and flourishing investment banking have brought the US money house Wells Fargo a high quarterly profit. In the three months of last quarter, the financial group earned 6.0 billion dollars, as announced on Wednesday. Wells Fargo thus exceeded market expectations, which boosted the share price in ...
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Markets Update Wednesday 14/07/2021 – Jerome to the Rescue
Frankfurt – 14/07/2021 Jerome to the Rescue Thanks to US Fed chief Jerome Powell, the markets continued their upward trend, disregarding the inflation spectre and focusing on the bright side. The dominant topic on Wall Street continues to be the Federal Reserve’s interest rate policy. Jerome Powell told the US House Finance Committee today that the Fed is not yet ...
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Markets Update Tuesday 13/07/2021 – Through the Roof
Frankfurt – 13/07/2021 Through the Roof Investors on Wall Street reacted surprisingly calmly to the higher-than-expected US June price data. Investors were not quite as relaxed on the US bond market, though, with the yield on the ten-year government bond peaking at 1.41 per cent. In the previous week, it had already fallen to 1.25 per cent. Historically, of course, ...
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Stock Take 13/07/2021
PepsiCo raises forecast after profit growth US beverage and snack maker PepsiCo slightly raises its full-year forecast after robust second-quarter growth. The Coca-Cola rival announced in Purchase on Tuesday that it expects to increase its sales by 6 per cent in 2021. This excludes currency effects as well as acquisitions and disposals. PepsiCo sees earnings per share adjusted for special ...
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Saturday, July 17, 2021
Stock Take 12/07/2021
NIO defies chip shortage Chinese e-car manufacturer and Tesla competitor NIO has managed to deliver significantly more vehicles in June 2021 than in the previous month, despite the ongoing microchip supply crisis. In June, NIO delivered a total of 8,083 e-cars. According to the US broadcaster “CNBC”, the e-vehicle producer was thus able to break the 8,000 vehicle sales mark ...
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Markets Update Monday 12/07/2021 – New week, new records
Frankfurt – 12/07/2021 New week, new records At the start of the new week, Wall Street once again broke records. The domestic DAX followed suit and also set a new all-time high. Ahead of the start of the US balance sheet season on Tuesday, investors are brimming with optimism and corona worries have been pushed aside for now. Investors eagerly ...
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Thursday, July 8, 2021
Stock Take 07/07/2021
Crypto start-up Chainalysis with a billion-dollar valuation The blockchain data start-up Chainalysis was able to raise 100 million US dollars in a new financing round. This brings the company’s valuation to 4.2 billion US dollars, and it already wants to invest the freshly raised money in new functions. Chainalysis, which has been operating since 2013, says its goal is to ...
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Markets Update Wednesday 07/07/2021 – Trump vs Social Media
Frankfurt – 07/07/2021 Trump vs Social Media In the middle of the week, the major US stock indices continued to move upwards. Not spectacularly, but steadily, Wall Street is currently moving upwards. Due to the recent easing of interest rate fears, technology stocks are presently in exceptionally high demand on the Street. The Nasdaq reached a new high of 14,755 ...
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Stock Take 06/07/2021
DiDi Global share drops heavy Chinese Uber rival DiDi is facing financial losses due to restrictions imposed by China’s digital regulator. The board expects that the deactivation of the app could reduce sales in China, DiDi announced on Monday. Analysts, meanwhile, do not fear a notable drop in profits because the existing user base in China is considerable. The removal ...
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Markets Update Tuesday 06/07/2021 – Dark Clouds
Frankfurt – 06/07/2021 Dark Clouds The mood on the stock markets has clouded over today. Weak economic data and rising oil prices pulled the Dow Jones, EuroSTOXX, DAX & Co down. Some market observers are already warning that if oil prices were to increase rapidly within a short time, inflation concerns would probably come to the fore again and weigh ...
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Markets Update Monday 05/07/2021
There was no fresh impetus from Wall Street today. The US stock markets remained closed due to the postponed Independence Day holiday (4 July). On Friday, the US labour market report for June had still caused the Nasdaq indices and the market-wide S&P 500 to set records, as the data had been good, but not too good. This is a ...
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Monday, July 5, 2021
Stock Take 02/07/2021
Amazon develops delivery robot in Finland Amazon is setting up a development centre in Finland for its “Scout” delivery robots, which will drive autonomously on pavements. The team in Helsinki, which will initially have a good two dozen employees, is to develop software with which the vehicles avoid obstacles, among other things, the online retailer announced on Thursday. Amazon has ...
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Markets Update Friday 02/07/2021 – Record-Chasers
Frankfurt – 02/07/2021 Record-Chasers Despite better-than-expected jobs data, there was no sign of interest rate and inflation fears on Wall Street today. The US stock markets continued their record run unaffected. Before the public holiday (the stock exchange will be closed on Monday for Independence Day on 4 July), both the market-wide S&P 500 index and the Nasdaq technology exchange ...
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Thursday, July 1, 2021
Stock Take 01/07/2021
Walgreens Boots Alliance gains momentum The US drugstore and pharmacy chain Walgreens is becoming even more optimistic after an unexpectedly good performance in the past quarter. After raising its full-year targets in March, Walgreens Boots Alliance management is now raising the bar a little higher. Adjusted earnings per share (EPS) from continuing operations are expected to increase by ten per ...
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Markets Update Thursday 01/07/2021 – Take-Two
Frankfurt – 01/07/2021 Take-Two After a phenomenal first half of the year, it will be interesting to see whether investors remain in a buying mood. Whether the markets continue to go up in July will probably depend, among other things, on how the corona crisis develops. In Europe, propaganda about the allegedly even more contagious Delta variant has already begun, ...
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Markets Update Wednesday 30/06/2021 – The First Half
Frankfurt – 30/06/2021 The First Half On Wall Street, the interplay between standard and technology stocks continued today. Standard stocks were in greater demand again on Wall Street today, while technology stocks, which have recently been so accustomed to success, consolidated at a high level. Even though the last day of the first half of the year on the Street ...
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Markets Update Tuesday 29/06/2021 – Delta Marketing Incoming
Frankfurt – 29/06/2021 Delta Marketing Incoming Recently, interest rate worries on Wall Street have dissipated somewhat, benefiting the highly valued technology stocks in particular. On Friday, the US markets will await the official June data from the labour market and hope for further indications of the Fed’s interest rate course. Traditionally, the data are an absolute highlight for the stock ...
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Stock Take 29/06/2021
Intel postpones production of a new chip Semiconductor company Intel is postponing the production of one of its latest chips to improve performance. It is the first significant product setback under new CEO Pat Gelsinger. Intel now plans to start producing the next generation of central processing units for servers – the brains of these machines – in early 2022 ...
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Stock Take 28/06/2021
BaFin approves Coinbase crypto custody and proprietary trading For the first time, the German financial regulator BaFin has authorised a company to hold cryptocurrencies such as Bitcoin in custody and to trade them for its own account. BaFin announced in Frankfurt on Monday that it had granted Coinbase Germany Gmbh permission to do so. On the financial market, the shares ...
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Markets Update Monday 28/06/2021 – Blue Chips No! Tech Shares Go!
Frankfurt – 28/06/2021 Blue Chips No! Tech Shares Go! Once again, there was a shift on Wall Street today and portfolios were reshuffled. This time, investors increasingly pressed the sell button for standard stocks, while technology stocks rose, in some cases significantly. Shares in Facebook, Intel, Salesforce, Apple, Nvidia and Microsoft topped the gainers’ lists with significant gains and, in ...
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Stock Take 25/06/2021
Nike share at a record high The US sporting goods manufacturer Nike benefited decisively from the reopening of shops in the corona pandemic in the past quarter and beat expectations. The group almost doubled its turnover in the fourth period – fuelled by wholesale. At the same time, the company returned to the profit zone. Known primarily for its athletic ...
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Markets Update Friday 25/06/2021 – Inflation Sedation
Frankfurt – 25/06/2021 Inflation Sedation At the latest after the latest reassurance pills from Federal Reserve Chairman Jerome Powell, the basic mood on the markets is currently constructive. Most recently, there was also the end of months of negotiations between US President Joe Biden and Congress. Biden had announced an agreement on planned infrastructure investments the previous evening. Nevertheless, the ...
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Sunday, June 27, 2021
Markets Update Thursday 24/06/2021 – Infrastructure
Frankfurt – 24/06/2021 Infrastructure After Federal Reserve Chairman Jerome Powell had recently dampened interest rate concerns, interest rate and inflation fears receded, at least immediately. Wall Street was helped today above all by positively received new economic data and Joe Biden’s infrastructure plans. US President Joe Biden today announced an agreement on a billion-dollar infrastructure package after months of negotiations. ...
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Stock Take 23/06/2021
Electronic Arts buys The games company Playdemic has only had one hit so far with “Golf Clash” – but is worth 1.4 billion dollars to the industry giant Electronic Arts. The money will go to the telecommunications group AT&T as the game studio Warner Bros. Games owner, as the companies announced on Wednesday. The smartphone game “Golf Clash” has been ...
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Markets Update Wednesday 23/06/2021 – House of Cards
Frankfurt – 23/06/2021 House of Cards Today was a relatively quiet day on the stock markets, and consolidations occurred for the most part. As a result, there were no significant movements today after the previous wild trading days. The only overriding issue on the stock market continues to be inflation – and with it the worries about a tougher stance ...
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Stock Take 22/06/2021
1 company = 2 trillion The software giant Microsoft is worth two trillion dollars on the stock exchange for the first time. The shares benefited on Tuesday from the general market recovery after the weak previous week and rose by a good 1.10 per cent to 265.51 US dollars by the close of trading. Thus, Microsoft is the second US ...
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Saturday, June 26, 2021
Markets Update Tuesday 22/06/2021 – Bye, Bye Inflation Fears
Frankfurt – 22/06/2021 Bye, Bye Inflation Fears On Wall Street, interest rate fears eased significantly today, which benefited the Nasdaq technology exchange in particular. It remains the case that Wall Street is currently a rollercoaster for investors. Fears about interest rates alternate with new optimism about the economy and are causing movement on the trading floor. In contrast to yesterday, ...
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Stock Take 21/06/2021
MicroStrategy continues to invest in Bitcoin As recently as February this year, the US software company had invested around one billion US dollars in what is, to this point, the largest cryptocurrency by market capitalisation – convertible bonds were issued for this purpose. In mid-June, the tech company raised another 488 million US dollars – for the first time by ...
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Markets Udpate Monday 21/06/2021 – The Green Mine
Frankfurt – 21/06/2021 The Green Mine Investors’ eyes are once again on Jerome Powell this week, who will be heard by parts of the US Congress this Tuesday. At issue is the Federal Reserve’s response to the corona crisis. Powell’s remarks are likely to be closely scrutinised for clues about future monetary policy. While investors are puzzling over the Fed’s ...
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Friday, June 18, 2021
Stock Take 17/06/2021
DraftKings share under pressure after a short attack. The notorious short-seller Hindenburg Research has struck again: While the e-car manufacturers Nikola and Lordstown were already in the crosshairs of the analysis company in the past, it is now the online sports betting provider DraftKings that has to face the accusations of the short seller. The group made the leap on ...
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Markets Update Thursday 17/06/2021 – Tech yay, Gold nay!?
Frankfurt – 17/06/2021 Tech yay, Gold nay!? Despite the announced interest rate turnaround, there was no cooling on the stock markets today. Tech stocks were particularly in demand in this environment. The markets see it above all as positive that the money floodgates will remain wide open for the time being. The Fed wants to stick to its monthly dose ...
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Markets Update Wednesday 16/06/2021 – Fed Hawks
Frankfurt – 16/06/2021 Fed Hawks As anticipated by most market players, today marked a severely volatile trading day. The era of seemingly eternally flowing sweet central bank money is slowly but surely coming to an end in the US. This was indicated today by the Federal Reserve and especially its chairman Jerome Powell. The US stock markets fell back, and, ...
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Stock Take 16/06/2021
Deutsche Telekom launches sale of Netherlands subsidiary According to insiders, Deutsche Telekom is starting the long-awaited sale of its Netherlands subsidiary and, at the same time, is looking for financially strong partners for the expensive expansion of its fibre-optic network in Germany. The DAX-listed company from Bonn already wanted to part with its Dutch business in 2015 but then strengthened ...
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