Stock Take 16/09/2021

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 …

Markets Update Thursday 16/09/2021 – Ever-not-so-Grande

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 …

Markets Update Wednesday 15/09/2021 – China Disappointment

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 …

Stock Take 14/09/2021

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 …

Markets Update Tuesday 14/09/2021 – Inflated

Frankfurt – 14/09/2021 Inflated The day’s major topic on the world’s leading stock exchange in New York was the latest US inflation data. Investors initially reacted with relief to the important macro data, which did not pressure the Fed, at least in the short term. However, they did not have any further impact as the day progressed. On the contrary, …

Stock Take 13/09/2021

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 …

Markets Update Monday 13/09/2021 – Interest Rate Games

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.  …

Markets Update Friday 10/09/2021 – 20 Year After

Frankfurt – 10/09/2021 20 Year After Tomorrow marks the 20th anniversary of the attacks on the Twin Towers in New York. This week, in particular, the air on the stock markets was getting thinner, and the stock exchanges went down sharply.  Rising inflationary pressures are making investors increasingly nervous. American producer prices rose more than expected by 0.7 per cent …

Markets Update Thursday 09/09/2021 – ECB Tapering

Frankfurt – 09/09/2021 ECB Tapering Although the ECB and the Federal Reserve are currently acting moderately, scepticism remains on the markets. Today, the Nasdaq technology exchange (once again) fared somewhat better than the blue chips on the New York Stock Exchange, but overall it was a dismal trading day. Pharmaceutical stocks, in particular, fell after increasing reports that the Biden …

Stock Take 08/09/2021

PayPal swallows Japanese payment service Paidy US payment processor PayPal is expanding its position in the Asian market with the acquisition of Japanese payment service provider Pay for $2.7 billion in cash. This was announced by PayPal on Wednesday night. The statement said that the founder and chief executive of the so-called buy-now-pay-later(BNPL) company, Russell Cummer, and chief executive Riku …