getquin Daily Summary 08.09.2022
Hello getquin,
September remains a little quieter. We hope that the week has developed positively for you.
Europe🌍:
1. EZ raises key interest rate to 1.25
In the fight against record-high inflation, the central bank raises interest rates as never before. The interest rate on deposits of banks increases from 0% to 0.75%. The ECB is thus making it profitable again for banks to store money rather than lend it out. Whether these measures will work remains to be seen.
Read more: https://bit.ly/3TRjN4N
🟩 $DBK (-1.8%) 8,63€ (🔼 +4,27%)
🟩 EURO 1,0036€ (🔼 +0,44%)
America🌏:
2nd Apple Keynote Review
Yesterday we shared with you the Apple keynote rumors and they came true. The new iPhone 14 Pro gets a new notch and an always-on display. To make sure the notch doesn't get in the way, Dynamic Island has been created, which can display different information depending on how you use it, yes. The Apple Watch has also improved further and can predict women's ovulation. It accomplishes this through the newly added temperature measurement. In addition, there is a new Apple Watch Ultra, especially for extreme athletes and adventurers. It is particularly robust and has additional functions for mountaineering, diving and a particularly long battery life.
Read more: https://bit.ly/3RtEUst
🟩 $AAPL (+0.17%) 156,11€ (🔼 +0,23%)
Special: Russia's economy to decline more sharply
Russian economists have published a report warning that the Russian economy will decline sharply. The Western sanctions are to blame for this. For 2023 a decrease of the GDP is prognosticated by 8,3 per cent and for 2024 even again by 11,9%. Another negative factor is the massive loss of skilled workers due to emigration. Germany's GDP is expected to fall by only 0.7% in 2023 and even rise again by 1.7% in 2024.
Read more: https://bit.ly/3qnY4nG
Stocks of the day:
🟩 TOP $LYFT (-0.75%) 16,23€ (🔼 +10,87%)
👍 Demand for ride-hailing has risen again, according to Corona. The mobility service provider Lyft is also benefiting from this in particular.
🟥 FLOP $BILI (-7.04%) 20,50€ (🔽 -12,77%)
👎 After disappointing quarterly figures, the share plummets.
🟩 Most searched $AAPL (+0.17%) 156,11€ (🔼 +0,23%)
🟩 Most traded $AAPL (+0.17%) 156,11€ (🔼 +0,23%)
🟩 S&P500, 3,995.05 (🔼 +0.38%)
🟥 DAX, 12,857.96 (🔽 -0.45%)
🟩 Bitcoin ₿, 19,302.64€ (🔼 +0.1%)
Time: 17:00 CEST
Quote of the day:
"The whole stock market depends only on whether there are more stocks than there are idiots, or more idiots than there are stocks."
-André Kostolany
