Tag: Engine Forex

Frankfurt – 01/04/2021 Happy Easter Driven by the prospect of President Joe Biden’s multi-billion dollar economic stimulus programme and the increasing success of vaccinations, the American stock markets in New York picked up speed on Maundy Thursday. Technology stocks, in particular, continued their recent rally after recently being overshadowed by the standard share indices and cyclical stocks. Trade with the …

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Nestlé leaks water Nestlé has completed the sale of its North American water business announced in February. Nestlé announced on Wednesday evening. As announced at the time, the business is going to US financial investors One Rock Capital Partners and Metropoulos & Co. for USD 4.3 billion. The transaction included Pure Life, Poland Spring, and many other brands in the …

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Frankfurt – 31/03/2021 Back to Tech Investors on New York’s Wall Street rediscovered their love for technology stocks in the middle of the week. The Nasdaq rose significantly after standard stocks had recently been more in demand. But the S&P500 also got into the swing of things late in the evening and climbed to a new all-time high. The psychologically …

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Frankfurt – 26/03/2021 Happy End The stock market week ended on a positive note, with most major indices printing decent gains. Hopes of an early return to economic and social normality thus prevailed – corona concerns once again took a back seat.  US Markets at a glance Wall Street was friendly on the last trading of the week. The Dow …

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Frankfurt – 22/03/2021 Stock Market Denials At the beginning of the week, the drastic losses of the Turkish lira caused uncertainty among investors. In trading with the American dollar, the lira lost more than 15 per cent of its value at times. One dollar was traded for more than 7.93 lira at its peak, but the losses had eased somewhat …

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Frankfurt – 19/03/2021 Real Waves? The rise in bond yields again caused headaches for investors today. The benchmark ten-year US bonds were quoted at 1.744 per cent, only slightly below their 14-month high on Thursday. In recent weeks, the rise in yields had fueled speculation of early interest rate hikes and unsettled the stock markets.  The background to the fears …

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Infineon expects massive sales losses Chip manufacturer Infineon is ramping up its production capacities in Austin, Texas, again. As of June, the original quantities should be reached again, the company announced on Friday in Neubiberg near Munich. Infineon had had to shut down the plant due to a severe winter storm in mid-February. “Based on current knowledge, we assume that …

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Frankfurt – 18/03/2021 The High and the Low While the stock market party continued in many places after yesterday’s Fed meeting and some indices celebrated new record highs, there was already disillusionment in the USA. Investors’ joy over more cheap central bank money fizzled out as bond yields rose again. Once again, technology stocks, in particular, were hit hard, pushing …

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Plug Power share slumps US hydrogen expert Plug Power has bad news for its shareholders: the company has to correct several annual financial statements after an auditor discovered the financial reports’ errors. Plug Power announced that the independent auditing firm KPMG had uncovered irregularities in the hydrogen company’s financial statements. Specifically, the company said that accounting errors had been identified …

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Frankfurt – 17/03/2021 Fed Boost Despite an improving economy, a turnaround in interest rates is out of the US Federal Reserve question. The Fed kept the interest at the low number of 0.25 per cent. All major American stock indices turned positive after the Federal Reserve’s eagerly awaited decision on interest rates was released. Trade with the Top NFA Regulated …

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