Author: Engine Forex

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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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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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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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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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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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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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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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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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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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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