EngineForex: July 2021

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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