𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟬.𝟬𝟲.𝟮𝟬𝟮𝟮
Hello getquin!
Today we are talking about the beginning of summer, Nio's figures and VW!
𝗘𝘂𝗿𝗼𝗽𝗲 🌍:
1. 𝘌𝘊𝘉 𝘤𝘰𝘯𝘧𝘪𝘳𝘮𝘴 𝘱𝘭𝘢𝘯𝘴 𝘧𝘰𝘳 𝘧𝘪𝘳𝘴𝘵 𝘳𝘢𝘵𝘦 𝘩𝘪𝘬𝘦 𝘪𝘯 11 𝘺𝘦𝘢𝘳
The European Central Bank refrained from raising interest rates on Thursday but confirmed plans for a hike next month to fight inflation.
The bank announced it would raise borrowing costs by 25 basis points in July - its first rate hike in more than a decade - and said a bigger increase could follow in September "if the medium-term inflation outlook persists or worsens".
"Inflation is undesirably high and is expected to remain above our target level for some time," ECB President Christine Lagarde told a news conference.
More on the plans: https://cnn.it/3aUqwck
𝘼𝙨𝙞𝙖🌏:
2. 𝘚𝘵𝘳𝘪𝘬𝘦 𝘪𝘯 𝘚𝘰𝘶𝘵𝘩 𝘒𝘰𝘳𝘦𝘢 𝘱𝘶𝘵𝘴 𝘳𝘦𝘯𝘦𝘸𝘦𝘥 𝘱𝘳𝘦𝘴𝘴𝘶𝘳𝘦 𝘰𝘯 𝘨𝘭𝘰𝘣𝘢𝘭 𝘴𝘶𝘱𝘱𝘭𝘺 𝘤𝘩𝘢𝘪𝘯𝘴
With their day-long strike over high fuel prices, South Korean truck drivers have put further strain on the world's already strained supply systems. At the port of Busan - which handles 80 per cent of the export nation's shipping cargo - container traffic dropped to a third of normal levels on Friday.
For the fourth consecutive day of strikes, it was just 20 per cent at Incheon, while container traffic at the port of Ulsan, the country's industrial heartland, came to a complete standstill. Production at Hyundai's main plant had already been curtailed and other companies, including steel giant Posco, had complained of delivery delays.
More on the strikes here: https://bit.ly/3zwMtbE
𝗔𝗺𝗲𝗿𝗶𝗰𝗮🌎:
3. 𝘐𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘳𝘪𝘴𝘦𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘚𝘈
Consumer prices in the US rose in May as gasoline prices hit a record high and the cost of services continued to rise. This suggests that the Federal Reserve may continue its 50 basis point rate hikes through September to combat inflation.
The consumer price index rose 1.0 per cent last month after rising 0.3 per cent in April, the Labour Department said on Friday. Economists polled by Reuters had expected a 0.7% monthly increase in the CPI. Gasoline prices shot up in May, averaging $4.37 a gallon, according to AAA data.
Click here for the article: https://reut.rs/3aHQxLK
𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗖𝗮𝗹𝗹:
DocuSign $DOCU (+0.85%)
DocuSign posted 25% year-on-year revenue growth, but investors are increasingly concerned about profitability.
The stock fell later in the trading session, continuing its downward trend for the year.
EPS: 🟩 $0.46 expected vs $0.38 published; Difference: -17.7%
Revenue: 🟩 $581.85m expected vs $588.69m published; difference: 1.18%
𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:
🟩 TOP $9901 (-1.36%) , 15,70 € (🔼 +13,77%)
🟥 FLOP $DOCU (+0.85%) , 64,53 € (🔽 -21,75%)
🟥 Most searched $AMZN (+1.15%) , 105,38 € (🔽 -3,90%)
🟥 Most traded $AMZN (+1.15%) , 105,38 € (🔽 -3,90%)
🟥 S&P500, 3.919,76 (🔽 -2,44%)
🟥 DAX, 13.753,06 (🔽 -3,14%)
🟥 $BTC (+1.22%) ₿, 28.087,65 € (🔼 +0,83%)
Time: 17:00 CEST
𝗙𝘂𝗻 𝗙𝗮𝗰𝘁
Germany stashes the second-largest gold hoard
More than two-thirds of Germany's currency reserves are stored in the form of gold bars. About half of the total of 3,378 tonnes is stored in the cellars of the Bundesbank in Frankfurt, the rest in the treasuries of the central banks of London and New York. Incidentally, only the US gold reserve is heavier. It weighs more than 8,000 tonnes.