Frankfurt – 14/07/2021 Jerome to the Rescue Thanks to US Fed chief Jerome Powell, the markets continued their upward trend, disregarding the inflation spectre and focusing on the bright side. The dominant topic on Wall Street continues to be the Federal Reserve’s interest rate policy. Jerome Powell told the US House Finance Committee today that the Fed is not yet …
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Frankfurt – 13/07/2021 Through the Roof Investors on Wall Street reacted surprisingly calmly to the higher-than-expected US June price data. Investors were not quite as relaxed on the US bond market, though, with the yield on the ten-year government bond peaking at 1.41 per cent. In the previous week, it had already fallen to 1.25 per cent. Historically, of course, …
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PepsiCo raises forecast after profit growth US beverage and snack maker PepsiCo slightly raises its full-year forecast after robust second-quarter growth. The Coca-Cola rival announced in Purchase on Tuesday that it expects to increase its sales by 6 per cent in 2021. This excludes currency effects as well as acquisitions and disposals. PepsiCo sees earnings per share adjusted for special …
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NIO defies chip shortage Chinese e-car manufacturer and Tesla competitor NIO has managed to deliver significantly more vehicles in June 2021 than in the previous month, despite the ongoing microchip supply crisis. In June, NIO delivered a total of 8,083 e-cars. According to the US broadcaster “CNBC”, the e-vehicle producer was thus able to break the 8,000 vehicle sales mark …
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Frankfurt – 12/07/2021 New week, new records At the start of the new week, Wall Street once again broke records. The domestic DAX followed suit and also set a new all-time high. Ahead of the start of the US balance sheet season on Tuesday, investors are brimming with optimism and corona worries have been pushed aside for now. Investors eagerly …
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Crypto start-up Chainalysis with a billion-dollar valuation The blockchain data start-up Chainalysis was able to raise 100 million US dollars in a new financing round. This brings the company’s valuation to 4.2 billion US dollars, and it already wants to invest the freshly raised money in new functions. Chainalysis, which has been operating since 2013, says its goal is to …
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Frankfurt – 07/07/2021 Trump vs Social Media In the middle of the week, the major US stock indices continued to move upwards. Not spectacularly, but steadily, Wall Street is currently moving upwards. Due to the recent easing of interest rate fears, technology stocks are presently in exceptionally high demand on the Street. The Nasdaq reached a new high of 14,755 …
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DiDi Global share drops heavy Chinese Uber rival DiDi is facing financial losses due to restrictions imposed by China’s digital regulator. The board expects that the deactivation of the app could reduce sales in China, DiDi announced on Monday. Analysts, meanwhile, do not fear a notable drop in profits because the existing user base in China is considerable. The removal …
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Frankfurt – 06/07/2021 Dark Clouds The mood on the stock markets has clouded over today. Weak economic data and rising oil prices pulled the Dow Jones, EuroSTOXX, DAX & Co down. Some market observers are already warning that if oil prices were to increase rapidly within a short time, inflation concerns would probably come to the fore again and weigh …
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There was no fresh impetus from Wall Street today. The US stock markets remained closed due to the postponed Independence Day holiday (4 July). On Friday, the US labour market report for June had still caused the Nasdaq indices and the market-wide S&P 500 to set records, as the data had been good, but not too good. This is a …
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