Rivian forges ahead While Tesla fans continue to wait for the cyber truck, a US start-up has overtaken the electric car pioneer on the left and launched the first electric pickup truck. Pickups are a common sight on the roads of the United States. But an electric version of the popular US vehicles is not yet on the market, even …
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Frankfurt – 20/09/2021 Red Monday The impending bankruptcy of the Chinese real estate giant Evergrande has sent stock markets around the world into a tailspin. Wall Street experienced the biggest price drop in months. The DAX 40 also suffered heavily on its debut today. Investors fear a real estate crisis in China, which would weigh heavily on the economy there. …
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Frankfurt – 17/09/2021 China Worries It is getting more uncomfortable on the stock markets. Just in time for the start of the colder seasons, the stock markets are also becoming frostier. Among other things, the “triple witches’ Sabbath”, the big expiration day on the futures exchanges, caused fluctuations today. Futures contracts on indices and individual stocks expire these days, causing …
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On sprints to the New York Stock Exchange Running shoe manufacturer On Holding got off to a flying start on the New York Stock Exchange. Shares in the Swiss company climbed by around 48 per cent to 35.4 dollars at the start of trading on Wednesday. Overall, the stock exchange thus values the company, in which tennis star Roger Federer …
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Frankfurt – 16/09/2021 Ever-not-so-Grande According to today’s economic data, US Americans’ appetite for consumption has reawakened. Rising sales in the US retail trade provided a small ray of hope on the stock markets today. Neither the corona crisis nor hurricane “Ida” was able to spoil the US Americans’ shopping mood. But the market mood remains depressed. The positive economic news …
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Frankfurt – 15/09/2021 China Disappointment What the Frankfurt Stock Exchange is currently unable to do, happened today in New York. The major stock indices recovered in the day, supported by new economic hopes. Above all, the better-than-expected Empire State Economic Indicator for the New York metropolitan area was well-received by stock market participants. The market also benefited from higher oil …
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Intuit buys Mailchimp in billion-dollar takeover As expected, the US software company Intuit takes over the email marketing service provider Mailchimp. Intuit will pay around 12 billion US dollars (10.1 billion euros) in cash and shares for the takeover of the privately held company, as the company announced in Mountain View (California) on Monday. The news agency Bloomberg had already …
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China apparently breaks up AliPay China continues to tighten the thumbscrews on its tech industry. The government in Beijing wants to break up fintech group Ant Group’s highly profitable payment app AliPay and create a separate platform for the company’s credit business, the Financial Times newspaper wrote on Sunday. The plan also requires Ant to hand over the user data …
from Engine Forex https://engineforex.com/stock-take-13-09-2021/
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Frankfurt – 13/09/2021 Interest Rate Games Tomorrow it will be exciting on both sides of the Atlantic, as the US inflation data for August will be on the agenda. At 5.3 per cent for overall inflation and 4.2 per cent excluding energy and food, these are likely to be only marginally lower than in the previous month, several analysts expect. …
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Frankfurt – 01/09/2021 Overvalued Sobering job data from the USA have dampened speculation about an imminent tightening of monetary policy. Technology shares, in particular, were again in demand, and the Nasdaq stormed to a new all-time high. Equity strategists warn against the high valuations on the stock market. High inflows into equities and more active private investors in the corona …
from Engine Forex https://engineforex.com/markets-update-wednesday-01-09-2021-overvalued/
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