https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Brse Stuttgart-News: Shares weekly | message, Forex-News, Forex-News
Bitcoin
$18,383.48
-179.8
Ethereum
$595.74
+28.45
Litecoin
$87.02
+2.34
DigitalCash
$92.68
+0.84
Monero
$128.63
+4.05
Nxt
$0.01
0
Ethereum Classic
$6.39
+0.19
Dogecoin
$0.00
-0

Brse Stuttgart-News: Shares weekly | message

4
, Brse Stuttgart-News: Shares weekly | message, Forex-News, Forex-News


, Brse Stuttgart-News: Shares weekly | message, Forex-News, Forex-News

STUTTGART (BOERSE STUTTGART GMBH) – Stock market report of the Stuttgart Stock Exchange

Straight off the floor: These stocks are in focus this week

Germany

The German benchmark index suffered heavy losses over the past week of trading. While the 13,000 point mark seemed within reach for the DAX last week, it was trading at around 12,500 points at the end of this trading week; a good 3% in the red. In view of the rapidly increasing number of corona infections in Germany and Europe, investors in Stuttgart are placing significantly more sales orders this week.

In the last week, the papers of the Leverkusen-based pharmaceutical and chemical group Bayer were once again traded. However, investors in Stuttgart mostly placed sell orders, confirming the ongoing downward trend in the share. In addition to the legal disputes over the weed killer glyphosate in the USA, there is now also a case in France over a herbicide called lasso. Bayer stocks have become more than 35% cheaper in the last six months alone.

A turbulent trading week is also coming to an end for the insurance group from the Bavarian capital. The company is faced with several claims for damages. So complained of restaurateurs who had to close their restaurants in the course of the corona lockdown. Stuttgart investors do not like this uncertainty: Allianz shares lose 2% on a weekly basis.

America

Mixed week due to stimulus deal: Because Nancy Pelosi’s deadline for an agreement on corona aid simply expired, the Nasdaq fell by 300 points. The S&P 500 then also gave its meter reading of around 3,490 points from Monday and is currently trading at 3,453 points.

On the other hand, there were positive impulses in the quarterly reports on American equities. Tesla was also able to write black numbers in this quarter. In optimism, the electric car manufacturer is sticking to its goal of delivering 500,000 vehicles by the end of the year. This had a very positive effect after the ongoing price pressure at the beginning of the week due to the stimulus deal on Thursday.

The numbers at Coca-Cola were also impressive. The company had to cope with heavy losses in sales due to the Corona crisis and the associated closings of restaurants and theaters. The reopenings had a positive effect on the figures for the third quarter.

Asia

The Tokyo stock exchange is up slightly with 23,555 points from this reporting week.

SoftBank climbed to its highest level in 20 years on Monday, which market participants used to take profits. Nevertheless, the share still closed with a small weekly gain. The background: Company founder and main shareholder Masayoshi Son has discontinued his aggressive business policy of company takeovers on credit basis and is currently fundamentally changing it. He sells large parts of the holdings to other companies. With this income he is reducing his very large debt ratio. In addition, SoftBank started an exceptionally large share buyback program.

One of the world’s largest suppliers of semiconductors for consumer electronics published a profit for the first six months of the current fiscal year. This was almost twice as high as expected. The reward was a price increase of a good 5%.

Previously known as a manufacturer of special vehicles and diesel engines for industry and shipping, the company announced a joint venture with BYD to develop electric vehicles. The result was an increase of a good 5.5%.

Europe

The French company opens its books: Like all other luxury companies, Hermes also struggled with the shutdown and a 42% fall in sales in the spring. However, Hermes managed to grow its online trade by 100% in almost all regions in the first nine months of the year. It is therefore not surprising that online sales have now overtaken branch business. The share is currently trading at around 819 euros. That is an increase of over 5.5% compared to the previous week.

Disclaimer:

This market report is for information only. Boerse Stuttgart GmbH accepts no liability for the completeness and correctness. In particular, no liability is assumed for the information contained in this market report in connection with a securities investment. Excluded from this is liability for intent and gross negligence.

Source: Boerse Stuttgart GmbH, www.boerse-stuttgart.de

(Boerse Stuttgart GmbH is solely responsible for the content of the column. The contributions are not an invitation to buy or sell securities or other assets.)



, Brse Stuttgart-News: Shares weekly | message, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Brse Stuttgart-News: Shares weekly | message, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More