Ford shares jump South Korean car battery maker SK Innovation (SKI) is looking to expand its production capacity in the US in partnership with carmaker Ford. The two companies stated they signed an agreement in the US on Thursday to establish a billion-dollar joint venture to produce battery cells and related equipment. The joint venture is to be called Blue …
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Frankfurt – 21/05/2021 Dilemma In the USA and Europe, there are increasing signs of a strong economic upswing in the summer. This led to a conciliatory end to the week on the stock markets. Despite, or perhaps because of, the massive economic upswing, investors are currently in a quandary. The stronger the economy recovers, the greater the danger of inflation. …
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Oatly share ends the first trading day with significant gains The Swedish oat milk producer Oatly has celebrated a strong debut on the stock exchange floor. The share of the Swedish oat milk producer Oatly was highly sought after among investors on its first day of trading: the first price was recorded at 22.12 US dollars on the US tech …
from Engine Forex https://engineforex.com/stock-take-20-05-2021/
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Frankfurt – 20/05/2021 Recovery After the losses of the previous days, buying interest reappeared today at a reduced level. With the minutes of its most recent consultations published on Wednesday, the US Federal Reserve had opened the door for a reduction in its securities purchases. However, this was not a departure from the ultra-loose monetary policy. Nevertheless, inflation fears remain …
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Porsche with profit boost The recovery in the automobile markets and especially at the Volkswagen Group has also ensured rising profits at the holding company Porsche Automobil Holding SE. In the first quarter, the holding company, which is controlled by the Porsche and Piëch families, recorded a net profit of 995 million euro, as the MDAX-listed company announced in Stuttgart …
from Engine Forex https://engineforex.com/stock-take-19-05-2021/
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Frankfurt – 19/05/2021 Liquidation Inflation concerns and the fierce ride of Bitcoin have caused strong downward pressure on Wall Street today. However, after the eagerly awaited Fed minutes, the market limited losses. Nevertheless, investors watched in horror as bitcoin, and with it, all altcoins plummeted quickly and dramatically. Many investors and margin traders were forced out of their crypto-long positions. …
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Oatly applies for IPO Oatly is a Swedish company that specialises in the development and production of milk substitutes without soy. The oat drinks that adorn themselves with the slogan “Wow no cow” are particularly well-known, but vegan alternatives for yoghurts, cream cheese and ice cream are also part of the Swedes’ product range. Rickard Öste and Skånska Lantmännen founded …
from Engine Forex https://engineforex.com/stock-take-18-05-2021/
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Frankfurt – 18/05/2021 Minutes Positive corporate balance sheets, especially from Walmart, could only temporarily cheer the markets today. Meanwhile, the spectre of inflation continues to haunt investors’ minds and is more present than ever. Against this backdrop, stock exchange traders eagerly await the publication of the latest Fed minutes on Wednesday, known in the jargon as “meeting minutes”. They allow …
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Aurora Cannabis still deep in red Cannabis company Aurora Cannabis has reported on its business performance in its third fiscal quarter. Once again, Aurora Cannabis posted a net loss, with adjusted EBITDA coming in at CAD -24 million. This was worse than expected on the earnings side; analysts’ estimates for adjusted EBITDA had been CAD -8.4 million, compared to a …
from Engine Forex https://engineforex.com/stock-take-14-05-2021/
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Megafusion around HBO and Warner Bros. Hollywood studio Warner Bros. and TV channels such as HBO and CNN are coming under one umbrella with channels such as Eurosport to better compete with streaming heavyweights Netflix and Disney. The telecommunications giant AT&T is splitting off its WarnerMedia division and merging it with the TV company Discovery. AT&T is to benefit from …
from Engine Forex https://engineforex.com/stock-take-17-05-2021/
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