The Bavarian automotive group earned surprisingly more than expected in the first quarter. Before taxes, BMW posted a profit of 3.76 billion euros. After significantly weaker figures last year, this quarterly report clearly exceeded expectations. Particularly with the car division, earnings were again very strong. While Q1 2020 profit was €229 million, this year Q1…
Many SAP shareholders won’t soon forget the 30 percent sell-off of October 2020. The software group’s latest quarterly figures are all the more pleasing. Thus, the breakout above the €110 mark was finally achieved on April 14, 2021. The final quarterly figures are expected on April 28. The data on the cloud business in particular…
A surprisingly sharp rise in U.S. consumer prices in April, sent stock prices plummeting on Wall Street on Wednesday. The technology segment in particular is showing signs of a weak start to trading after the Nasdaq Composite delivered a strong showing the day before. An inflation rate of 4.2 percent shocks investors and burdens consumers.…
The EUR/USD rallied very strongly last week. The market used the 1.1994/89 area as support for the upward momentum. This is the high from mid-March and the low from April. In the view of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, the pair is likely to retest the February high of 1.2243.…
Matching the new Bitcoin all-time high, crypto exchange Coinbase took to Wall Street today. Coinbase currently has 56 million users and offers the ability to trade over 50 different cryptocurrencies. Eleven percent of the entire crypto market is transacted through Coinbase. As such, the platform is one of the biggest beneficiaries of the current bitcoin…
And again, there’s negative news for Alibaba. Chinese competition regulators are now fining the online trading platform 2.3 billion euros (18 billion yuan). Alibaba had exploited its dominant position in the market to punish traders who wanted to offer their goods via competing platforms. This is how the Chinese authorities justified the recent sanctions. Meanwhile,…
Today we will take a closer look at Siemens Healthineers stock. The Siemens subsidiary, which has been trading on the stock market since 2018, has placed fresh shares with institutional investors. The aim is to use the fresh capital to finance the purchase of Varian. This is the second capital increase in the billion euro…
Currently, the pair is trading near 1.18. The EUR/USD made a new low in today’s trading. The widening yield gap between 10-year US and German government bonds is striking. It is already up to 2% (200 basis points). The EURO is still quite relaxed at the moment. He’s resilient and doesn’t want to fall too…
The new lockdown regulations over Easter are hitting German airline Lufthansa hard. Firstly, the lockdown has been extended again until 18 April, there will be additional closures over Easter and the Chancellor again appealed for people not to travel. The reaction was seen today in the Lufthansa share. In Frankfurt trading, it fell by 2.6%…
Despite a renewed extension of the lockdown and even the threat of stronger measures, the DAX was able to close in positive territory today. Today, investors traded cautiously on the German stock market. The German benchmark index closed up 0.3% at 14,657 points. Investors’ main focus is on federal and state advice on the response…
