Stock Take 13/10/2021

CropEnergies earns significantly less At the biofuel producer CropEnergies, higher raw material costs and increased energy prices weighed on earnings in the second quarter of the 2021 financial year. Profits more than halved to € 14.7 million in the reporting period from June to the end of August, the Südzucker subsidiary announced in Mannheim on Wednesday. In the previous year, …

Markets Update Wednesday 13/10/2021 – Shrug-off

Frankfurt – 13/10/2021 Shrug-off For a long time now, the world’s leading stock exchange has been discussing how long the Federal Reserve (Fed) will continue to inject billions of dollars a month into the economy. It is becoming clear that the Fed is heading for an early reduction in bond purchases to support the economy. The curtailment of the purchase …

Stock Take 12/10/2021

Lufthansa shares under pressure Deutsche Lufthansa has completed its capital increase and used the proceeds to redeem the 1.5 billion euro Silent Participation I entirely of the Economic Stabilisation Fund of the Federal Republic of Germany (WSF), the airline announced. According to the relevant information, the gross proceeds of the capital increase amounted to €2.162 billion, and the new shares …

Markets Udapte Tuesday 12/10/2021 – Banks

Frankfurt – 12/10/2021 Banks This week, the banks JPMorgan, Bank of America, Morgan Stanley, Citigroup and Goldman Sachs present their balance sheets in the USA and thus ring in the season. Overall, many investors are deeply uncertain about the upcoming reporting season, but banks are actually winners in a rising interest rate environment, as higher rates increase their interest margins.  …

Markets Update Monday 11/10/2021 – Columbus

Frankfurt – 11/10/2021 Columbus Overall, movements on Wall Street and other major markets were limited on Monday. The reason was the “Columbus Day” holiday in the USA. Therefore, there was no trading on the bond market at the beginning of the week. In the background, concerns continue to smoulder that the ongoing oil price rally could lead to energy shortages …

Markets Update Friday 08/10/2021 – Paradox

Frankfurt – 08/10/2021 Paradox On Friday, the eagerly awaited September labour market data did not provide Wall Street with any pronounced directional impulses. An unemployment rate at an annual low and new jobs also created at an annual low do not really go together. As a result of the report, the Fed will probably continue to adopt a wait-and-see attitude.  …

Markets Update Thursday 07/10/2021 – Cheers to more Debt!

Frankfurt – 07/10/2021 Cheers to more Debt! It’s a crazy world we live in: today, investors cheered the compromise on raising the debt ceiling to keep the US financially solvent until December. Thus, the debt dispute has been defused for the time being. There was also movement in the diplomatic arena. Against the background of growing tensions between their countries, …

Markets Update Wednesday 06/10/2021 – Gassy

Frankfurt – 06/10/2021 Gassy Falling oil and gas prices provided relief on the New York stock exchange during trading. The turnaround and thus the relief among stock market investors were mainly because Russia, according to President Vladimir Putin, wants to counter the growing global natural gas crisis. To stabilise the energy markets, “record quantities” of gas are to be delivered …

Stock Take 05/10/2021

PepsiCo raises annual targets again US beverage and snack maker PepsiCo is even more optimistic about the entire year after strong growth in the third quarter. The company is benefiting from buoyant demand for soft drinks and snacks. Sales are expected to grow by eight per cent on its own in 2021, as Coca-Cola’s rival announced in Purchase on Tuesday. …

Markets Update Tuesday 05/10/2021 – Bounce

Frankfurt – 05/10/2021 Bounce On Wall Street, the losses of the previous day were almost made up in a counter-movement. However, no one really wants to believe in a turnaround. Rather, the environment remains full of familiar risks. For example, there are still uncertainties surrounding the payment difficulties of the Chinese real estate giant Evergrande, and the dispute over the …