Bitcoin briefly below $90,000 again + UBS launches CTS Eventim with 'Buy' and target of 100 euros + PORSCHE with declines in China business
The Bitcoin $BTC (+2.58%)continues recovery
- Bitcoin has continued its recovery from the previous evening, clearly rebounding from Monday afternoon's low.
- On the Bitstamp trading platform, the oldest and best-known cryptocurrency was trading at around 95,000 dollars on Tuesday morning.
- On Monday afternoon, the price had temporarily fallen to almost 89,000 dollars, but was already able to recover in the course of the evening.
CTS Eventim $EVD (-1.08%)with a target price of €100 (currently €86)
- The major Swiss bank UBS has issued a "buy" rating for CTS Eventim shares with a target price of €100.
- "The show can go on," said analyst Olivier Calvet on Monday evening in his buy recommendation for the event organizer and ticket retailer.
- Three years of strong recovery from the coronavirus pandemic made for ambitious comparative figures.
- However, the UBS Live Event Ticket Transaction Monitor continues to signal enormous demand for music events, especially in Germany.
- And prices are continuing to rise.
PORSCHE $P911 (+2.28%)with declines in business in China
- Parallel launches of several models and problems with suppliers are presenting the luxury sports car manufacturer Porsche with a massive cost problem.
- As Handelsblatt has learned from Group circles, Porsche had to save more than 1.5 billion euros in 2024 alone, originally estimated internally at 600 million euros.
- This enabled Porsche to absorb some of the additional costs, which according to insiders amounted to at least 4 billion euros compared to the previous year.
- Share price continues to rise
Tuesday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
Kering EUR 2.00
- Quarterly figures / company dates Europe
07:30 Südzucker quarterly figures | OMV trading update 4Q | Lindt & Sprüngli annual sales
11:00 VW sales figures 2024 and 4Q
18:00 Repsol annual results and trading statement 4Q
- Economic data
14:30 US: Producer prices December FORECAST: +0.3% yoy previous: +0.4% yoy Core rate (excluding food and energy) FORECAST: +0.3% yoy previous: +0.2% yoy
16:00 US: Fed President Schmid, speech at Central Exchange
21:05 US: New York Fed President Williams, speech at "An Economy That Works for All" event
