getquin Daily Summary 04.10.2022
Hello getquin,
we hope you had a relaxing weekend and started well into the slightly shorter week.
Europe🌍:
1. RWE plans to phase out coal in 2030
Energy company RWE plans to bring forward its coal phase-out by eight years to 2030. This emerges from a key points agreement between RWE, the Federal Ministry of Economics and the NRW Ministry of Economics. The traffic light coalition at the federal level aims to bring forward the coal phase-out in Germany, which is scheduled for 2038 at the latest, "ideally" to 2030
Read more: https://bit.ly/3M8z8e2
🟩 $RWE (-0,18 %) 39,59€ (🔼 +2,80%)
2. is Credit Suisse having a Lehman Brothers moment right now?
A sharp drop in the share price of Credit Suisse, a major Swiss bank, is fueling concerns in the financial market. European financial regulators are alarmed about possible contagion risks in the industry. The background to the turbulence is doubts about the financial strength of the institution. The financing of a pending restructuring of the group appears to be questionable.
Read more: https://bit.ly/3C1eoQC
🟩 $CSGN 4,30€ (🔼 +4,37%)
America🌏:
3rd Apple must implement charging cable standard
The iPhone and other Apple devices may have to use a common charger after EU lawmakers approved a rule. The European Parliament has approved the rule, which, if passed, will mean all phones, tablets and cameras sold in the European Union must be equipped with a USB Type-C charging port by the end of 2024. EU lawmakers argue that the rules will reduce waste because consumers won't have to buy a new charger every time they purchase a device. The EU said this will reduce the production and disposal of new chargers.
Read more: https://cnb.cx/3rrshmf
🟩 $AAPL (+1,34 %) 146,80€ (🔼 +2,69%)
Special: Reparation claims from Poland
Germany continues to say no to demands for reparations from Poland. German Foreign Minister Annalena Baerbock rejected the neighboring country's demand for payments in the billions for damages suffered during World War II. Germany will not pay reparations to Poland for damages suffered during World War II. However, she said, legal foundations had been created during the establishment of the EU, and therefore the question of reparations had been "legally clarified." During the meeting with her Polish counterpart Rau, however, Foreign Minister Baerbock also made it clear that Germany's historical responsibility would not end.
Read more: https://bit.ly/3M2On8f
Stocks of the day:
🟩 TOP $FTCH 7,72€ (🔼 +10,62%)
🟥 FLOP $RHM (-0,78 %) 154,00€ (🔽 -4,64%)
🟩 Most searched $TSLA (-4,58 %) , 256,00€ (🔼 +2,67%)
🟩 Most traded $TSLA (-4,58 %) , 256,00€ (🔼 +2,67%)
🟩 S&P500, 3,777.23 (🔼 +2.69%)
🟩 DAX, 12,620.08 (🔼 +3.36%)
🟩 Bitcoin ₿, 20,256.81€ (🔼 +1.45%)
Time: 17:15 CEST
(Maybe not so) Fun Fact:
There is a "pirate exchange" in Somalia where locals can invest in pirate gangs planning kidnapping operations.
