EngineForex: August 2021

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 ...

from Engine Forex https://engineforex.com/markets-update-monday-30-08-2021-happy-tech/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-friday-27-08-2021-confidence-booster/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-26-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-thursday-26-08-2021-tapering/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-wednesday-25-08-2021-indications/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-tuesday-24-08-2021-vaccination-high/
via https://engineforex.com

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, ...

from Engine Forex https://engineforex.com/stock-take-23-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-monday-23-08-2021-pre-jackson-hole/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-friday-20-08-2021-friendly-close/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-19-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-thursday-19-08-2021-fed-minutes-aftermath/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-wednesday-18-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-tuesday-17-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-16-08-2021/
via https://engineforex.com

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. ...

from Engine Forex https://engineforex.com/markets-update-monday-16-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-09-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-monday-09-08-2021-crypto-tussle-halts-infrastructure-bill/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-06-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-friday-06-08-2021-good-job/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-05-08-2021/
via https://engineforex.com

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. ...

from Engine Forex https://engineforex.com/markets-update-thursday-05-08-2021-anticipation/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-wednesday-04-08-2021-tech-shares-benefit/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-04-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-03-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-tuesday-03-08-2021-how-much-longer/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-02-08-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-monday-02-08-2021-between-hope-and-fear/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-30-07-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-friday-30-07-201-a-successful-july/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/stock-take-29-07-2021/
via https://engineforex.com

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 ...

from Engine Forex https://engineforex.com/markets-update-thursday-29-07-2021-economic-boom/
via https://engineforex.com