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 (+1,49 %) 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 (+0,15 %) 101,20€ (🔽 -8,89%)
Stocks of the Day:
🟩 TOP $CAT (+2,62 %) 215,00€ (🔼 +10,54%)
🟥 FLOP $BNGO 2,18€ (🔽 -14,81%)
🟥 Most searched $MSFT (+1,55 %) 228,76€ (🔽 -0,37%)
🟥 Most traded $META (+0,15 %) 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
