Frankfurt – 23/07/20 Not so quick! In the past trading days, there was only happy-happy-joy-joy in the financial markets. Especially the “historic deal” of the EU states around the corona reconstruction package was celebrated and was seen as a very bullish signal by the stock markets. But now, the EU parliament comes out as the ultimate party-pooper, puts on the …
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Frankfurt – 22/07/20 Houston, we have a problem! Overall, the mood on the financial markets has clouded over again today. The USA ordered the closure of the Chinese consulate in the Texas city of Houston. China’s foreign office spokesman Wang Wenbin spoke to the press in Beijing on Wednesday, calling the move “outrageous and unjustified”. The closure of the consulate …
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Frankfurt – 21/07/20 Back to reality It was a colossal stock markets party in the last 24 hours with many markets and financial instruments soaring to new heights. The positive outcome of the EU money summit has been expected and appreciated by the stock market. The course has been set, and a new flood of fresh money is guaranteed. Nevertheless, …
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Frankfurt – 20/07/20 United After four days and four nights, EU leaders reached agreement on the Corona aid fund and the Union’s next seven-year financial framework. In the course of this, they are talking about a historic step towards European unity. Thus, it seems that nothing more stands in the way of a continuation of the stock exchange party – …
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Many investors want to profit not only from rising share prices but also from upward trends in commodity markets. Furthermore, precious metals have always been considered a hedge against inflation and especially the precious yellow metal gold is THE global safe haven. In times of crisis and ultra-low interest rates, metals are getting more and more attention. Before we turn …
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Frankfurt – 17/07/20 Moment of Truth Friday saw much lower volatility in trading than the previous days. At the start of the tension-filled EU summit in Brussels, investors held back with larger commitments. By the end of the trading day, there was no sign of agreement on the planned 750 billion euro reconstruction fund. Several points are highly controversial, including …
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Frankfurt – 16/07/20 Mixed Signals A good way to describe today’s trading day is that there was nothing much new. Wall Street more or less stood still and could move neither in one direction nor in the other. Some profits were taken, especially for some of the Nasdaq Composite listed tech-heavyweights and some chart experts expect more pressure here. At …
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Frankfurt – 15/07/20 Tesla Shorts Euphoria and disillusionment are close together on the stock exchanges today. In the dispute over limiting Hong Kong’s autonomy, US President Donald Trump has signed a sanctions law against China. This is intended to hold China accountable for “repressive actions” against the people of Hong Kong, Trump said yesterday. The law gives the government effective …
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Frankfurt – 14/07/20 Big Banks Strong price fluctuations were once again seen on the international stock markets today. Concerns about the continuing health crisis increased again today, while hopes for a vaccine soon and quick recovery of the world economy flattened out. Many market participants viewed the continuously rising number of cases, especially in the United States, with increasing concern, …
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Frankfurt – 13/07/20 Back to square one Where the economic calendar was empty last week, and investors were wholly focussed on political and trading news, this week is an entirely different ball game. Not only will numerous central banks meet and will we witness releases of macroeconomic data across the globe, but the quarterly earnings season will also come into …
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