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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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. …
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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 …
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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 …
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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 …
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