$PSX (-7.39%) Sector - Energy

Phillip 66 is mainly active in the national and European markets. 🚀

YOUR OPINION?^^

getquin Daily Summary 27.10.2022

Hello getquin,

have a nice thursday to all of you.

Europe🌍:

1. the ECB continues to raise the key interest rate

The ECB has raised the key interest rate by 75 basis points. It is the third increase in a row. The ECB said it is now changing the terms of its targeted longer-term refinancing operations (TLTROs). This is an instrument that offers attractive lending conditions to European banks to incentivize lending to the real economy. The increase in interest rates and the adjustment of refinancing conditions mainly benefit the banks, which is why the situation is referred to as subsidizing the banks.

Read more: https://cnb.cx/3DD65fR

America🌏:

2nd oil refiner Phillips 66 cuts jobs

Oil companies should be doing well. But Phillips 66 wants to cut jobs in all business units despite the favorable market situation.

Read more: https://reut.rs/3TXToBG

🟩 $PSX (-7.39%) 105,55€ (🔼 +5,35%)

3. meta wants to invest even more in the metaverse

Mark Zuckerbergs wants to invest even more money with Facebook in his heart project, the Metaverse. The Facebook share price crashed as a result. The Metaverse is supposed to bring Facebook further growth and compensate for declining sales figures in the future. However, Facebook analysts and investors do not see any potential in the Metaverse or consider it too risky. Mark Zuckerberg's attempt to change Facebook's business model is one of the biggest and riskiest business moves in recent years. Will the bet work out?

Read more: https://cnb.cx/3TZV3H0

🟥 $META (-4.44%) 101,20€ (🔽 -8,89%)

Stocks of the Day:

🟩 TOP $CAT (-4.89%) 215,00€ (🔼 +10,54%)

🟥 FLOP $BNGO 2,18€ (🔽 -14,81%)

🟥 Most searched $MSFT (-2.36%) 228,76€ (🔽 -0,37%)

🟥 Most traded $META (-4.44%) 101,20€ (🔽 -8,89%)

🟩 S&P500, 3,843.40 (🔼 +0.33%)

🟩 DAX, 13,233.75 (🔼 +0.29%)

🟩 Bitcoin ₿, 20,644.16€ (🔼 +0.28%)

Time: 17:00 CEST

#MarketNews
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𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗭𝘂𝗸𝘂𝗻𝗳𝘁 𝗱𝗲𝘀 𝗪𝗮𝘀𝘀𝗲𝗿𝘀𝘁𝗼𝗳𝗳𝘀 / 𝗕𝘂𝗳𝗳𝗲𝘁𝘁'𝘀 𝗧𝗿𝗮𝗱𝗲𝘀 / 𝗦𝗰𝗵𝗮𝗱𝗲𝗻𝘀𝗲𝗿𝘀𝗮𝘁𝘇𝗮𝗻𝘀𝗽𝗿𝘂𝗰𝗵 𝗴𝗲𝗴𝗲𝗻 𝗘𝗬 / 𝗞𝗿𝘆𝗽𝘁𝗼-𝗔𝗯𝘀𝘁𝘂𝗿𝘇

𝗜𝗣𝗢𝘀 🔔

Thyssen-Krupp ($TKA (-15.03%)) - The industrial group plans to float its hydrogen electrolysis business in the first quarter of 2022. By spinning off Uhde Chlorine Engineers, Thyssen-Krupp aims to benefit from rising demand for hydrogen-based technologies. Uhde Chlorine Engineers was founded as a joint venture with Italian industrial De Nora SpA and builds plants for the production of hydrogen gas from renewable energy sources such as solar and wind.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Aflac ($AFL (-8%)), Archer Daniels Midland ($ADM (-8.23%)), Equinix ($EQN2 (-3.33%)), Marathon Petroleum ($MPN (-5.28%)), Phillips 66 ($R66 (-7.39%)) and Target Corporation ($DYH (+1.89%)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, dLocal ($DLO), The Home Depot ($HDI (+0.24%)), Imperial Brands ($ITB (-3.63%)), NetEase ($4Y01 (-5.25%)), Sea Limited ($931 (-10.71%)), TransDigm Group ($T7D (-8.47%)), Vodafone Group ($VODI (-7.27%)) and Walmart ($WMT (-3.92%)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Berkshire Hathaway ($BRYN (-6.3%)) - Warren Buffett, with his company Berkshire Hathaway ($BRYN (-6.3%)) shares in Royalty Pharma ($RPD (+2.87%)), Floor&Decor ($1FD (+2.76%)) and increases his stake in Chevron ($CHV (-8.09%)). Furthermore, Buffett sold additional shares in AbbVie ($4AB (-7.06%)), Bristol-Myers Squibb ($BRM (-3.51%)), Mastercard ($M41 (-7.72%)) and Visa ($3V64 (-6.9%)) and exited Merck ($MRK (-5.28%)). His top investments in Apple ($APC (-6.8%)) and Amazon ($AMZ (-3.47%)) remained unchanged.

Wirecard ($WDI) - After the end of yesterday, Wirecard shares disappeared from regulated trading. Since the fall of 2018, when the stock was at its peak, the security has lost 99.9 percent of its value. A total loss was the result of the stock market crash and Wirecard's insolvency for many investors who believed in the tech company "made in Germany." The Deutsche Schutzvereinigung für Wertpapierbesitz (DSW) recommends selling the securities because, even if the shares are no longer in one's own securities account, claims for damages can be asserted against the auditing company EY until 2023. This possibility is now being dealt with by the courts and the final chapter has not yet been written.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Bitcoin ($BTC-EUR (-0.08%)) and other cryptocurrencies with strong corrections - On Tuesday morning, crypto investors, who have been spoiled with strong price growth across the market for weeks, must be looking at red deposits. Overnight, bitcoin, which can be seen as the leading index for the crypto market, plummeted 7.8% - with it altcoins such as Ethereum ($ETH-USD (+0.2%)) (-8.9%), Solana ($SOL/EUR (+0.31%)) (-6.6%), Cardano ($ADA-USD (+0.05%)) (-5.6%) or Polkadot ($DOT/EUR (-0.34%)) (-9,8%). A direct reason for this sudden slump cannot be identified. However, analysts suspect that the coordinated liquidation of leverage positions have pushed the price down so much for the second time in a month.

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