Markets Update Friday 26/11/2021 – The Next Corona Slump

Frankfurt – 26/11/2021 The Next Corona Slump On Black Friday of all days, stock markets worldwide were caught up in renewed fears about the corona crisis and faltered badly. The reason for today’s sharp decline was that it was reported that a new, possibly dangerous, Corona variant with the designation B.1.1.529 has emerged in southern Africa. Meanwhile, a first case …

Markets Update Thursday 25/11/2021 – Rest

Frankfurt – 25/11/2021 Rest Investors remain torn – between a further increase in corona positive figures and the opportunity for favorable entry prices. Accordingly, the German stock market was also nervous today. After five days of losses in a row, the Dax closed in the black for the first time. However, turnover was quite thin due to the closed Wall …

Stock Take 24/11/2021

Gap issues sales warning US fashion chain Gap is expecting a sharp drop in sales due to global supply chain problems. Gap warned on Tuesday after the US stock market closed that it was facing a weaker Christmas season due to the ongoing difficulties and could lose a total of up to 650 million dollars in revenue this year. In …

Markets Update Wednesday 24/11/2021 – Minutes

Frankfurt – 24/11/2021 Minutes On the New York Stock Exchange, investors kept a low profile despite a plethora of new economic data. The overall activity was meagre before the holiday break. The US markets will be shut tomorrow for the Thanksgiving holiday. Things will get exciting on the following bridge day, Friday. This so-called “Black Friday” is considered the official …

Markets Update Tuesday 23/11/2021 – It’s Getting Colder

Frankfurt – 23/11/2021 It’s Getting Colder The prospect of a more rapid tightening of US monetary policy dominated trading on Wall Street today, causing caution among investors in the technology segment in particular. Yesterday, investors had already exited the market on a larger scale, especially in late trading, following President Joe Biden’s nomination of Jerome Powell for another term as …

Stock Take 19/11/2021

LG share jumps up by double digits According to a media report, Apple is set to accelerate plans for its electric car, boosting shares of supplier LG Electronics on Friday. Bloomberg reported Apple is aiming to launch a self-driving electric car as early as 2025. LG Electronics shares climbed as much as 12 per cent to 137,500 Korean won before …

Markets Update Friday 19/11/2021 – Lockdowned

Frankfurt- 19/11/2021 Lockdowned¬† The US stock markets did not find a clear direction at the end of the week. Corona concerns split over and weighed on the blue chips while tech stocks continued their record run. Tech stocks were driven both by some good corporate news and by the continued favorable environment. For example, the US Federal Reserve wants to …

Markets Update Thursday 18/11/2021 – New Highs

Frankfurt – 18/11/2021 New Highs Some heavyweights from the tech sector made a splash on Wall Street today, saving the day for the rest of the stock market. Otherwise, it would have been a rather dull trading day. In Germany, the DAX marked its sixth record high in a row today with impressive stoicism. It went up to 16,290 points …

Markets Update Wednesday 17/11/2021 – Supply Shocks

Frankfurt – 17/11/2021 Supply Shocks After surprisingly good economic data, concerns are growing in the USA about an interest rate hike next year.  Strong retail sales are adding to speculation of an interest rate turnaround in the US soon. “The good news for investors is that aggregate demand appears to be weathering the inflation hike so far,” Bank of America …

Markets Udapte Tuesday 16/11/2021 – US-China Hugs

Frankfurt – 16/11/2021 US-China Hugs In New York, investors piled into the stock market today, rewarding strong economic momentum. The improved US relationship with China also went down well with investors. There are several reasons for the relatively better performance of the DAX and the other European markets. Unlike in the USA, the party of cheap central bank money continues …