Frankfurt – 06/08/2021 Good Job After robust labour market data, it is clear that the US interest rate turnaround is getting closer. But Wall Street investors remained calm at the end of an eventful week, even setting new records. Even the prospect of a change in the interest rate regime – the usual poison for equity markets – did not …
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GoPro makes it into the black – just GoPro earned 0.12 US dollars per share in its second quarter of the current financial year. At the same time as the previous year, the balance sheet showed -0.200 US dollars per share. This means that the EPS was higher than analysts had expected; the experts’ estimates had previously been 0.038 US …
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Frankfurt – 05/08/201 Anticipation Investors on Wall Street were already positioning themselves today ahead of the eagerly awaited US labour market data, the NFP report. The major indices all rose, with records being set on the Nasdaq. In addition, strong corporate balance sheets further boosted Wall Street. Technology stocks also benefited today from the renewed easing of interest rate fears. …
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Frankfurt – 04/08/2021 Tech-shares benefit Positive economic data from China but also from the USA have given the markets a fresh tailwind today. Only the labour market report from the US private sector was disappointing and depressing sentiment somewhat. The jobs data are essential for investors since the US Federal Reserve bases its monetary policy choices mostly on the labour …
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Group restructuring drags Commerzbank into the red Commerzbank slipped into red figures in the second quarter of 2021 due to the expensive restructuring of the group. A loss of 527 million euros was on the books below the line, as the Frankfurt-based MDAX group announced on Wednesday. A year earlier, the bank had earned 183 million euros in the period …
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China calls video games ‘spiritual opium’ Fears of new regulations in China hit the shares of video game providers on Tuesday. The stocks of Activision Blizzard (“Candy Crush”) and Electronic Arts (“Fifa22”) suffered price losses of up to 3.5 per cent. In a Chinese state medium, video games were described as “spiritual opium”. This scared off some investors. Beijing had …
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Frankfurt – 03/08/2021 How much longer? After six months of profits in a row, the air on the stock markets is getting thinner, but investors are not yet showing any fear of heights. Initially, renewed concerns about the spread of the coronavirus had weighed on global stock markets today. Some investors fear a renewed setback for the economy due to …
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Square acquires Afterpay With the acquisition of the Australian payment service provider Afterpay, the US payment service Square wants to expand its business to include installment payments. The deal, worth a good 29 billion US dollars, should be completed in the first quarter of next year, both companies announced in San Francisco and Melbourne on Monday. Square wants to pay …
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Frankfurt – 02/08/2021 Between Hope and Fear The new stock market month began on Wall Street as the old one ended – with new records. However, the good mood did not last long. New economic data fueled concerns about the economy. For example, the mood in the US industry surprisingly clouded over in July. Another setback came from China, where …
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Procter & Gamble exceeds expectations The consumer goods group Procter & Gamble has once again made a final spurt at the end of the financial year. The company performed better than analysts expected in the fourth quarter (ending June). Revenues rose by 7 per cent to 18.9 billion US dollars, as the company announced in Cincinnati on Friday. The company …
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