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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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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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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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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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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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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