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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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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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 …
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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/
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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/
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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 …
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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 …
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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 …
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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/
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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 …
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