Stock Take 17/06/2021

DraftKings share under pressure after a short attack.  The notorious short-seller Hindenburg Research has struck again: While the e-car manufacturers Nikola and Lordstown were already in the crosshairs of the analysis company in the past, it is now the online sports betting provider DraftKings that has to face the accusations of the short seller. The group made the leap on …

Markets Update Thursday 17/06/2021 – Tech yay, Gold nay!?

Frankfurt – 17/06/2021 Tech yay, Gold nay!? Despite the announced interest rate turnaround, there was no cooling on the stock markets today. Tech stocks were particularly in demand in this environment.  The markets see it above all as positive that the money floodgates will remain wide open for the time being. The Fed wants to stick to its monthly dose …

Markets Update Wednesday 16/06/2021 – Fed Hawks

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, …

Stock Take 16/06/2021

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 …

Stock Take 15/06/2021

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 …

Markets Update Tuesday 15/06/2021 – Pointing the way forward

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 …

Markets Update Monday 14/06/2021 – Betting on the Fed

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 …

Stock Take 11/06/2021

BlackRock goes China BlackRock may start selling funds to retail investors in China before the end of this year. The regulatory authorities there gave the New York-based asset manager the full China subsidiary the green light to start operations in the People’s Republic. The new go-ahead is the latest in a series. China has already granted several approvals to allow …

Markets Update Friday 11/06/2021 – The Data and the Fed

Frankfurt – 11/06/2021 The Data and the Fed Easing inflation concerns have once again led to more buying appetite among investors at the end of the week – although not equally strongly everywhere. The central banks’ liquidity glut continues to be grist to investors’ mill, analysts note.  Nevertheless, the focus remains on the Fed’s future interest rate course. The markets …

Markets Update Thursday 10/06/2021 – Showdown

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 …