Markets Update Thursday 15/07/2021 – Unprecedented Inflation

Frankfurt – 15/07/2021 Unprecedented Inflation The mood on the global stock markets has clouded over. With his statements in the House of Representatives, US Federal Reserve Chairman Jerome Powell was apparently only able to calm the financial markets briefly. Investors continue to worry about high inflation. If inflation does not fall, the Fed will have to take countermeasures with a …

Stock Take 14/07/2021

Wells Fargo with profit in the billions Significantly lower risk provisions for bad loans and flourishing investment banking have brought the US money house Wells Fargo a high quarterly profit. In the three months of last quarter, the financial group earned 6.0 billion dollars, as announced on Wednesday. Wells Fargo thus exceeded market expectations, which boosted the share price in …

Markets Update Wednesday 14/07/2021 – Jerome to the Rescue

Frankfurt – 14/07/2021 Jerome to the Rescue Thanks to US Fed chief Jerome Powell, the markets continued their upward trend, disregarding the inflation spectre and focusing on the bright side.  The dominant topic on Wall Street continues to be the Federal Reserve’s interest rate policy. Jerome Powell told the US House Finance Committee today that the Fed is not yet …

Markets Update Tuesday 13/07/2021 – Through the Roof

Frankfurt – 13/07/2021 Through the Roof Investors on Wall Street reacted surprisingly calmly to the higher-than-expected US June price data. Investors were not quite as relaxed on the US bond market, though, with the yield on the ten-year government bond peaking at 1.41 per cent. In the previous week, it had already fallen to 1.25 per cent. Historically, of course, …

Stock Take 13/07/2021

PepsiCo raises forecast after profit growth US beverage and snack maker PepsiCo slightly raises its full-year forecast after robust second-quarter growth. The Coca-Cola rival announced in Purchase on Tuesday that it expects to increase its sales by 6 per cent in 2021. This excludes currency effects as well as acquisitions and disposals. PepsiCo sees earnings per share adjusted for special …

Markets Update Monday 12/07/2021 – New week, new records

Frankfurt – 12/07/2021 New week, new records At the start of the new week, Wall Street once again broke records. The domestic DAX followed suit and also set a new all-time high. Ahead of the start of the US balance sheet season on Tuesday, investors are brimming with optimism and corona worries have been pushed aside for now.  Investors eagerly …

Stock Take 12/07/2021

NIO defies chip shortage Chinese e-car manufacturer and Tesla competitor NIO has managed to deliver significantly more vehicles in June 2021 than in the previous month, despite the ongoing microchip supply crisis. In June, NIO delivered a total of 8,083 e-cars. According to the US broadcaster “CNBC”, the e-vehicle producer was thus able to break the 8,000 vehicle sales mark …

Stock Take 09/07/2021

Volkswagen surprises Volkswagen has so far coped surprisingly well with the burdens of the semiconductor crisis, posting a profit in the billions in the first half of the year. The operating profit is around €11 billion, as the group announced based on preliminary figures. In the same period of the previous year, the Wolfsburg-based group had posted an operating loss …

Markets Update Friday 09/07/2021 – Closing the Gap

Frankfurt – 09/07/2021 Closing the Gap Following yesterday’s partially heavy price losses on most major stock exchanges, Friday painted a reconcilable picture, where the price gaps closed. The S&P 500 even broke another new record. All markets received strong support, especially from Wall Street, where some bargain hunters struck. Investors are now eagerly looking ahead to the next approaching earnings …

Stock Take 28/07/2021

PayPal figures cannot convince The payment service provider PayPal has reported on its business development in the past quarter. According to the report, PayPal earned more per share compared to the previous year, and the EPS was 1.15 US dollars after 1.07 US dollars a year ago. Analysts had previously expected the group to post EPS of 1.12 US dollars …