๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ก๐ฒ๐๐ ๐๏ธ
๐ฆ๐ฐ๐ต๐๐ฎ๐ฐ๐ต๐ฒ ๐๐ฟ๐๐ฎ๐ฟ๐๐๐ป๐ด๐ฒ๐ป / ๐ ๐ฎ๐ด๐ป๐ฒ๐๐ถ๐๐บ๐บ๐ฎ๐ป๐ด๐ฒ๐น / ๐ฅ๐ถ๐ฝ๐ฝ๐น๐ฒ - ๐๐ฐ๐ต๐น๐ฒ๐ฐ๐ต๐๐ฒ๐ฟ ๐ฉ๐ฒ๐ฟ๐น๐ถ๐ฒ๐ฟ๐ฒ๐ฟ
๐๐ฃ๐ข๐ ๐
Volvo - Expectations of proceeds from the IPO of Volvo Cars had to be lowered. Proceeds from the IPO were expected to reach 25 billion kroner, but now the expectations of the subsidiary of Chinese car company Geely ($GRU (+3,56ย %)) have been downgraded to 20 billion kroner (2 billion euros). The first day of trading is scheduled for this Friday (October 29).
๐๐ -๐๐ฎ๐๐ฒ๐ ๐
Starting today, Apogee Enterprises Inc. ($ANP (+2,47ย %)), Carpenter Technology Corporation ($XTY (+5,68ย %)), Codorus Valley Bancorp Inc. ($CVLY), Fastenal Company ($FAS (+0,9ย %)) and Royal Bank Of Canada ($RYC (+2,68ย %)) are trading ex-dividend.
๐ค๐๐ฎ๐ฟ๐๐ฎ๐น๐๐๐ฎ๐ต๐น๐ฒ๐ป ๐
Today, Alexandria Real Estate Equities Inc ($A6W (-1,11ย %)), Galp Energia ($GZ5 (-0,16ย %)), Facebook Inc. ($FB2A (+3,24ย %)), HSBC Holdings plc ($HBC1 (+1,51ย %)), Icade SA ($3IC (+1ย %)), Kimberly-Clark Corp. ($KMY (-1,37ย %)), Magnitogorsk Iron & Steel Works ($MHQ), Orange Polska S.A. ($TPA1 (-1,41ย %)), Packaging Corp. of America ($PKA (+1,14ย %)), SSAB ($SKWC (+4,47ย %)) and Universal Health Services Inc. ($UHS (+0,95ย %)) presented their figures.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐๐ ๐๏ธ
Monte dei Paschi di Siena - Italy's nationalized bank is in crisis, but a planned sale to rival UniCredit ($CRIN (+0,49ย %)) has fallen through. Mainly due to the different valuations of the parts of MPS up for sale by UniCredit and the Ministry of Finance, no agreement could be reached. UniCredit arrived at a valuation of 1.3 billion euros, while the Ministry of Finance assumed 3.6 to 4.8 billion euros. Now Italy must find another way to save the bank.
Auto industry - In addition to chips, magnesium bottlenecks are now also hitting the German auto industry. Magnesium is needed above all for aluminum alloying. The reason for this supply shortage is the energy-saving measures in China, as a result of which magnesium production has been greatly reduced.
The Chinese market share of 95% of the European magnesium supply is problematic. Some companies only have magnesium stocks until November, so experts are warning of a possible production stop.
๐๐ฟ๐๐ฝ๐๐ผ ๐
eNaira - Nigerian president unveils central bank's digital currency eNeira. Due to delays, the unveiling of the central bank digital currency (CBDC) is almost a month late. The Central Bank of Nigeria (CBN) now considers itself ready to launch it. Overall, the CBN is working on a global cryptocurrency that will be used as a means of payment in addition to cash. On October 2, the Federal High Court of Nigeria already approved the CBDC as legal tender.
XRP ($XRP-USD (-0,65ย %)) - Brad Garlinghouse, the CEO of Ripple, the company behind the cryptocurrency XRP, is sharply critical of the U.S. Securities and Exchange Commission (SEC). The company has been in a legal dispute with the latter for almost a year. Garlinghouse goes on to argue that unequal treatment of cryptocurrencies by the SEC has led to Ethereum growing to become the second largest cryptocurrency after bitcoin. He said, "In the last couple of years, XRP was the second most valuable digital asset. When it became clear that the SEC had given ETH a pass, ETH obviously really exploded and that clarity helped."
So far, there is no end in sight to the said legal battle. XRP is currently in 7th place with a market cap of $51.3 billion.
Bitcoin ($BTC-EUR (-0,03ย %)) - Other Bitcoin ETFs from Valkyrie, Van Eck & Invesco. Valkyrie's ETF has the acronym BTFD, which alludes to the, especially in the crypto scene, well-known saying "Buy the fucking Dip".
