Markets Update Tuesday 23/03/2021 – Powell and Yellen uninspiring

Frankfurt – 23/03/2021 Powell and Yellen uninspiring Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen’s eagerly awaited speeches before the House Financial Services Committee brought no new impetus and certainly no boost for the US equity markets.  Interesting was Yellen’s statements on the planned additional economic stimulus of three trillion dollars. The Treasury secretary conceded that the long-term …

Markets Update Monday 22/03/2021 – Stock Market Denials

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 …

Stock Take 22/03/2021

DAX Index Adjustments The Siemens spin-off Siemens Energy moves up into the DAX on Monday. Here is an overview of the other advancements and relegations in the MDAX & Co:  The energy technology group Siemens Energy ousted the Nivea manufacturer Beiersdorf from the leading index. The cooking box mail-orders company HelloFresh was also traded as a hot candidate but did not present its figures in time. …

Markets Update Friday 19/03/2021 – Real Waves?

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 …

Stock Take 19/03/2021

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 …

Markets Update Thursday 18/03/2021 – The High and the Low

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 …

Stock Take 17/03/2021

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 …

Markets Update Wednesday 17/03/2021 – Fed Boost

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 …

Stock Take 16/03/2021

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. …

Markets Update Tuesday 16/03/2021 – Hakuna Matata

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 …