Frankfurt – 16/06/2021 Fed Hawks As anticipated by most market players, today marked a severely volatile trading day. The era of seemingly eternally flowing sweet central bank money is slowly but surely coming to an end in the US. This was indicated today by the Federal Reserve and especially its chairman Jerome Powell. The US stock markets fell back, and, …
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Deutsche Telekom launches sale of Netherlands subsidiary According to insiders, Deutsche Telekom is starting the long-awaited sale of its Netherlands subsidiary and, at the same time, is looking for financially strong partners for the expensive expansion of its fibre-optic network in Germany. The DAX-listed company from Bonn already wanted to part with its Dutch business in 2015 but then strengthened …
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Oracle continues to benefit from the cloud boom The strong cloud business with IT applications and storage space on the internet continues to bring SAP rival Oracle significant revenue growth. In the three months to the end of May, revenues rose eight per cent year-on-year to 11.2 billion dollars (9.2 billion euros), the company announced on Tuesday after the US …
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Frankfurt – 15/06/2021 Pointing the way forward The main topic on the market remains the Fed’s future interest rate policy. Although experts do not expect a change in interest rates, they are eagerly awaiting statements from the monetary watchdogs on inflation. Before that, investors apparently do not want to reposition themselves, but the indices remain at a high level. The …
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Frankfurt – 14/06/2021 Betting on the Fed Investors continue to rely on cheap central bank money from the US Federal Reserve on the global stock markets. This benefited tech stocks, in particular today, while blue chips lagged. The main topic on the market at the moment is the Federal Reserve’s future interest rate policy. Hardly anyone expects the Fed to …
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Frankfurt – 10/06/2021 Showdown It was the day of the big showdown that investors had been waiting for at least a week. Today’s focus was not only on Christine Lagarde and the ECB but also on the US inflation data from May. Apparently, investors do not expect an imminent turnaround in interest rates by the Fed. However, the whole thing …
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Netflix opens online shop Streaming market leader Netflix sets the stage for a more prominent entry into the merchandising business with an online shop for fan merchandise. While its big rival Walt Disney has been earning a lot of money for decades by selling and marketing products for fans of its comics, films and series, Netflix has largely done without …
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Chinese Robinhood Rivals The securities broker Robinhood grew thanks to a strong interest in cryptocurrencies, among other things significantly. But now, the broker app, which is very popular with US investors, could soon face new competition from two Chinese providers who also want to profit from this trend. Robinhood users have been able to buy and sell various cryptocurrencies such …
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Frankfurt – 09/06/2021 Waiting on the CPI On most of the global stock markets, investors remained cautious and maintained their wait-and-see attitude today. Investors continue to look with bated breath at new US inflation data (CPI) expected on Thursday. The core rate is expected to rise from 3.0 per cent in April to 3.4 per cent in May. Much discussion …
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Renault and Plug Power join forces Many industry observers see hydrogen as the power-train of the future. This has prompted French carmaker Renault to form a joint venture with Plug Power, the world leader in turnkey hydrogen solutions. Announced at the start of the year, Renault and Plug Power have now put their plans into action and formed a joint …
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