getquin Daily Summary 28.06.2022
Hello getquin,
today's MarketNews is about the G7 summit, a raid on the largest Japanese car manufacturer in Luxembourg and Germany and an unpleasant forecast from Lufthansa.
Do you already know our Learnsection? A new article on a blockchain ETF was published here on Friday.
👉 https://bit.ly/3AanbjJ 👈
Europe🌍:
1st raid on Hyundai and Kia in Germany and Luxembourg
The offices of car manufacturer Hyundai and its subsidiary Kia have been searched on suspicion of unauthorized modification of diesel vehicles. As the public prosecutor's office in Frankfurt announced on Tuesday, eight buildings in Germany and Luxembourg were searched by around 140 criminal investigators. Suspicions of fraud and air pollution against managers of Hyundai and Kia as well as the supplier BorgWarner served as the background for the action.
The public prosecutor's office found that the South Korean car manufacturer had allegedly sold more than 210,000 diesel vehicles by 2020, even though illegal defeat devices were allegedly installed in the cars. These lead to a number of common scenarios in which emission control devices are drastically reduced or switched off.
Thats the sound of the police 👮: https://bit.ly/3npzroY
🟩 $HYUD (🔼 +4,24 %)
America 🌏:
2nd EY pays 100 million dollars to settle US allegations of fraud in accountant audits
Big Four accounting firm Ernst & Young will pay 100 million dollars to settle allegations by the US Securities and Exchange Commission (SEC) that its auditors cheated on Certified Public Accounting (CPA) audits and misled agency investigators.
The London-based auditor has admitted to the allegations, according to the regulator, and has agreed to pay what the SEC says is the largest fine against an auditor.
The CPA is the key qualification for auditors in the United States.
More info here: https://reut.rs/3uvJIEn
Welt🗺️:
3rd CEO Lufthansa does not expect end to flight chaos before winter
The CEO of Europe's largest airline group explained in a letter to customers that the situation, which is characterized by staff shortages, parts shortages and restricted airspace, "is unlikely to improve in the near future". In Europe alone, the industry will be hiring several thousand new employees. But this increase in capacity will only stabilize the situation in the coming winter. On behalf of the organization, Spohr expressed his regret that the "ramp-up of the complicated air traffic system from practically zero to almost 90% again today" after the Corona disaster had not led to the expected reliability, punctuality and robustness. The management admitted that there are several areas where the Lufthansa Group is also understaffed.
Are you planning to fly? https://bit.ly/3u5aPWA
🟩 $LHA (+1,66 %) (🔼🔽 +1,54%)
Special:
4th G7 - What will be discussed?
Tonight marks the end of the third and final day of the G7 summit at Elmar Castle. As described in yesterday's MarketNews article, the 7 most important industrialized countries are discussing the current global problems. The main topics of this year's G7 summit were predictable. The current war in Ukraine played a very important role in the meeting, as it brings with it gas and food shortages. But it also makes other countries think about their security policy, such as arming the military. As in previous years, another topic at the summit was the COVID-19 pandemic and how pandemics can be tackled more quickly in the future. There was also a focus on climate change and the plans of individual countries to tackle climate policy
General information on the G7 summit here: https://www.g7germany.de/g7-de
Quarterly figures:
Nike $NKE (+0,47 %)
EPS: 🟩 0.81 $ expected vs 1.00 $ published; difference: 22.99 %
Revenue: 🟩 $12.09 billion expected vs $12.23 billion published; difference: 1.16%
You can find out more at Nike: https://swoo.sh/3HVAfeW
𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:
🟩 TOP $TCOM (-0,9 %) 26,95 € (🔼 +15,91%)
🟥 FLOP $WISE , 3,72 € (🔽 -14,19%)
🟥Most searched $AMZN (-0,58 %) , 105,83 € (🔽 -1,48%)
🟩 Most traded $1211 (-1,66 %) , 39,79 € (🔼 +5,02 %)
🟩 S&P500, 3,904.84 (🔼 +0.12 %)
🟩 DAX, 13,303.45 (🔼 +0.89 %)
🟩 Bitcoin ₿, € 19,803.69 (🔼 +1.11 %)
Time: 16:30 CEST
𝗙𝘂𝗻 𝗙𝗮𝗰𝘁:
Did you know that paper money was first used among merchants in China in the 7th century? In the 11th century, not enough coins could be produced due to a shortage of copper, which meant that paper money was widespread. Bills did not appear in Europe until 500 years later. In 1661, Sweden was the first country to use paper money.