Tag: Engine Forex

Frankfurt – 22/07/2021 ECB Tailwind With its announcement that it will maintain its ultra-loose monetary policy for longer, the ECB boosted Europe’s stock markets today. Wall Street, on the other hand, was in the doldrums. ECB President Christine Lagarde sets herself up permanently for a zero interest rate strategy and an ultra-loose monetary policy. “Our key interest rates have been …

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Coca-Cola raises forecast Beverage company Coca-Cola earned more than expected in the second quarter and raised its full-year forecast. Net income rose to $2.64 billion, or 61 cents per share, from $1.78 billion, or 41 cents, in the year-ago period. Adjusted EPS of 68 cents exceeded the Factset consensus of 56 cents. Revenue rose to $10.13 billion from $7.15 billion …

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Equities all-time highs Above all, the lack of investment alternatives and the fear of missing out is once again driving investors into equities. Bargain hunters, in particular, have returned to the trading floor and continued to drive prices up today. Worries about price increases, rising yields on the bond market or even corona and the economic recovery are retaking a …

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IBM share on the rise Computer specialist IBM posted a significant increase in revenue in the second quarter thanks to strong demand for cloud software and IT services. In the second quarter, revenues rose by 3.4 per cent year-on-year to 18.7 billion dollars, IBM announced on Monday after the US stock exchange closed. The company thus achieved its strongest growth …

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Frankfurt – 20/07/2021 Wall Street’s back! After the previous days’ sell-off, Wall Street rallied again in a powerful counter-movement. Above all, however, it was bargain hunters who drove the market. Meanwhile, experts at US big bank JPMorgan believe investors’ fears of a possible end to the economic recovery from the pandemic are overblown. In the US, the ongoing economic recovery …

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Zoom wants to buy Five9 The video conferencing service Zoom wants to broaden its base with its largest acquisition to date. Zoom Video Communications is making its biggest acquisition yet as it looks to expand its business beyond video conferencing. The Corona winner is buying a specialist in cloud-based call centres. Zoom uses its shares, which have risen sharply in …

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Frankfurt – 16/07/2021 Reverse Gear Resurgent inflation concerns continued to weigh on the markets at the end of the week. However, many analysts see the general upward trend on the markets remaining intact after fears of a tighter monetary policy in the USA have subsided in the wake of the recent significant increase in inflation there. The US Federal Reserve …

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US Consumer Protection Agency sues Amazon The world’s most prominent online retailer, Amazon, faces a lawsuit from the US Consumer Product Safety Commission (CPSC) over deficiencies in third-party product safety. “We need to address how to deal more effectively with these massive third-party platforms and how best to protect American consumers who rely on them,” CPSC chairman Robert Adler said …

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Frankfurt – 15/07/2021 Unprecedented Inflation The mood on the global stock markets has clouded over. With his statements in the House of Representatives, US Federal Reserve Chairman Jerome Powell was apparently only able to calm the financial markets briefly. Investors continue to worry about high inflation. If inflation does not fall, the Fed will have to take countermeasures with a …

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Wells Fargo with profit in the billions Significantly lower risk provisions for bad loans and flourishing investment banking have brought the US money house Wells Fargo a high quarterly profit. In the three months of last quarter, the financial group earned 6.0 billion dollars, as announced on Wednesday. Wells Fargo thus exceeded market expectations, which boosted the share price in …

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