Barrick Gold boss bullish for gold After being in a downward trend for months, the gold price was recently able to stage a slight recovery. Barrick Gold CEO Mark Bristow is now optimistic and expects a further rise in the shiny precious metal price. Since the beginning of August last year, the gold price had been in a downward trend. …
from Engine Forex https://engineforex.com/stock-take-16-03-2021/
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Frankfurt – 16/03/2021 Hakuna Matata The belief in the tremendous economic upswing after the pandemic currently overrides all worries, fears and antithesis. Investors are jumping at the chance and driving the markets to dizzying heights. But is this all a grand illusion? A delusion that everything is better than it really is? Neither new corona waves and lockdowns nor the …
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Frankfurt – 15/03/2021 Monday Stock market participants kept their feet largely still and their powder dry this Monday. This week, the US Federal Reserve (Fed) is scheduled to meet once again, which often slows the markets down somewhat beforehand. Fears of a rise in inflation had recently pushed up US bonds’ yields with longer maturities, which is currently dampening investors’ …
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Shutterfly’s return to the stock exchange? The US photo service provider Shutterfly seems to be heading back to the stock exchange. However, according to reports, it is not opting for a classic IPO but is joining the growing number of companies using the shortcut of a SPAC to do so. Shutterfly Inc. is apparently in talks to go public via …
from Engine Forex https://engineforex.com/stock-take-12-03-2021/
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Frankfurt – 12/03/2021 Lightyears Apart That’s how quickly things can change in the financial markets: One year ago today, the fastest stock market crash in history began. For example, Germany’s leading index, the DAX, plummeted by over 12 per cent on 12 March 2020. It was the second-largest daily loss in its history. But this historic crash has long been …
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Coupang starts with a bang! The South Korean online mail-order company went public on the New York Stock Exchange on Thursday, eclipsing even the initial public offering of the dating app Bumble a few weeks ago. The initial price of Coupang shares on the NYSE was 61.50 US dollars and was 81 per cent above the issue price of 35 …
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Frankfurt – 11/03/2021 Lagarde boosts stock markets After an initially subdued start to trading, ECB chief Christine Lagarde breathed more dynamism into the afternoon market. The stock market well-received, especially her statement that the ECB’s bond purchases in the second quarter would be significantly higher than in the first. This tends to mean more money for the capital market and …
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Frankfurt – 10/03/2021 Party on Vaccines The stock market bulls are back and today lifted both the Dow Jones and the DAX here in Germany to new record highs. The bull market’s background is investors’ hopes for a robust economic upswing after the corona crisis has been overcome. Above all, an emerging, more vigorous vaccination tempo is generating a lot …
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Disney+ breaks the 100 million paid subscriptions mark The streaming service of US entertainment giant Disney has passed the 100 million paying subscriber mark. Chief executive Bob Chapek spoke of a “tremendous success” at Tuesday’s virtual shareholder meeting – saying Disney+ had reached the milestone in just around 16 months. The online video service had launched in the US in …
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Frankfurt – 09/03/2021 Techno Day Falling bond yields and economic optimism have boosted stock markets around the world today. After days of pressure, technology stocks also made significant gains today. There were veritable price fireworks on the Nasdaq in New York with a price jump of over 4 per cent for the index as a whole. Tesla shares were in …
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