Market (@MarketNewsUpdateINT) on getquin

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟬𝟵.𝟬𝟲.𝟮𝟬𝟮𝟮

Hello getquin!

Today we are talking about the beginning of summer, Nio's figures and VW!

𝗘𝘂𝗿𝗼𝗽𝗲 🌍:

1. 𝘌𝘶𝘳𝘰𝘻𝘰𝘯𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘺 𝘨𝘳𝘦𝘸 𝘧𝘢𝘴𝘵𝘦𝘳 𝘵𝘩𝘢𝘯 𝘰𝘳𝘪𝘨𝘪𝘯𝘢𝘭𝘭𝘺 𝘦𝘴𝘵𝘪𝘮𝘢𝘵𝘦𝘥 𝘪𝘯 1𝘴𝘵 𝘲𝘶𝘢𝘳𝘵𝘦𝘳

The eurozone economy grew faster than originally estimated in the first quarter despite the spread of the Omicron coronavirus and the Ukraine war. This is according to a final estimate for the period by the EU statistics agency Eurostat.

In the 19 countries that use the euro as their currency, eurozone gross domestic product grew by 0.6% in the first three months of the year compared with the previous quarter, Eurostat said on Wednesday. That's up from the second estimate of 0.3% for the period and beats the previous quarter's 0.2% increase. Economists surveyed by the Wall Street Journal expect the economy to grow 0.3% in the first quarter.

More on growth: https://on.mktw.net/3H6yISG

2. 𝘚𝘵𝘢𝘳𝘵 𝘰𝘧 𝘴𝘶𝘮𝘮𝘦𝘳 𝘪𝘴 𝘱𝘰𝘴𝘪𝘵𝘪𝘷𝘦 𝘧𝘰𝘳 𝘉𝘦𝘪𝘦𝘳𝘴𝘥𝘰𝘳𝘧

Cosmetics group Beiersdorf has raised its sales forecast due to increased demand for sunscreen products. According to Vincent Warnery, the company's chief executive, its main brand Nivea performed exceptionally well in the second quarter, with skin care outperforming body care. He said sunscreen and facial care products were at the forefront of the trend.

The board reiterated its guidance for mid-single-digit organic sales growth this year. Warnery added that growth would be at the "upper end" of expectations. The operating return (Ebit margin) will be 13%, the same as last year, as previously reported.

🟩 $BEI (-0.14%) (🔼 +4.03%)

Click here for the article: https://bit.ly/3aLZrrP

𝗔𝗺𝗲𝗿𝗶𝗰𝗮🌎:

3. 𝘝𝘞 𝘰𝘱𝘦𝘯𝘴 𝘣𝘢𝘵𝘵𝘦𝘳𝘺 𝘭𝘢𝘣 𝘪𝘯 𝘊𝘩𝘢𝘵𝘵𝘢𝘯𝘰𝘰𝘨𝘢

The new batteries of the ID.4 have to withstand a lot. The new electric SUV is meant to boost Volkswagen's long-slumping sales figures in the United States. The German carmaker doesn't need problems with the power storage system that force competitors to recall vehicles from time to time. That's why the company is conducting on-site tests.

VW on Wednesday inaugurated a 32,000-square-foot, $22 million battery lab in Chattanooga, Tennessee. VW North America CEO Scott Keogh says the goal is to develop battery expertise in-house.

🟥 $VOW3 (+1.44%) (🔽 -1.78 %)

More about the new lab here: https://bit.ly/3xB0iV7

𝗦𝗽𝗲𝗰𝗶𝗮𝗹:

𝘍𝘢𝘤𝘦𝘣𝘰𝘰𝘬'𝘴 𝘰𝘭𝘥 𝘍𝘉 𝘴𝘵𝘰𝘤𝘬 𝘵𝘪𝘤𝘬𝘦𝘳 𝘵𝘰 𝘤𝘩𝘢𝘯𝘨𝘦

The company formerly known as Facebook (FB) will no longer use the "FB" symbol it has had since going public in 2012. Instead, it will trade under the new symbol "META" from Thursday.

🟥 Still: $FB (-0.22%) (🔽 -2.06%)