getquin Daily Summary 10.10.2022
Hello getquin,
have a nice monday to all of you.
Europe🌍:
1. alliance expects inflation to rise further
Ahead of the release of the latest consumer price index this week, Mohamed El-Erian, Allianz's chief inflation advisor, said he expects headline inflation "probably to come down to around 8%" but core inflation "still rising."
Read more: https://cnb.cx/3Cm1tcb
🟩 $ALV (-0.08%) 165,32€ (🔼🔽 +0,62%)
America🌏:
2nd Rivian Automotive recalls almost all vehicles
The vehicles of Tesla, competitor Rivian, probably have a steering problem, which the automaker now wants to fix. To do so, Rivian is recalling about 13,000 cars built from 2021 through this September. Rivian is one of Tesla's larger competitors, with Amazon and Jeff Bezos also among its owners.
Read more: https://on.wsj.com/3rGHXCr
🟥 $RIVN (+1.13%) 31,10$ (🔽 -8,38%)
Asia🌏:
3. Saudi Aramco delivers fully to North Asia despite OPEC restriction
Saudi Aramco has told at least five customers in North Asia that they will receive the full contracted amount of crude oil in November, several sources familiar with the matter said Monday. The full supply allocation comes despite the decision by OPEC+, including Russia, to cut its production target by 2 million barrels per day. By lowering output, OPEC+ countries intend to further fuel oil prices. U.S. Treasury Secretary Yellen sees this as a major threat and thinks this development could trigger a global recession.
Read more: https://cnb.cx/3CLARTl
🟥 $2222 9,80€ (🔽 -0,69%)
Stocks of the day:
🟩 TOP $1COV (+1.68%) 33,50€ (🔼 +8,98%)
👍 postitive estimates of quarterly results boost share price
🟥 FLOP $F (+0.48%) 12,06€ (🔽 -5,00%)
👎 Analysts expect Ford and all other U.S. automakers to see profits slump by approx. 50%
🟥 Most searched $MSFT (+0.5%) 236,40€ (🔽 -1,59%)
🟩 Most traded $TSLA (+2.81%) , 228,45€ (🔼 +0,10%)
🟥 S&P500, 3,615.50 (🔽 -0.66%)
🟩 DAX, 12,317.20 (🔼 +0.36%)
🟥 bitcoin ₿, 19,889.25€ (🔽 -0.41%)
Time: 17:10 CEST
