Twelve US states file lawsuits against Trump's tariff policy + Hapag-Lloyd registers cancellations between China and the US + Tonner Drones is pleased to announce a new patent in the US + Aurubis defies Exane downgrade thanks to economic hopes
Twelve US states file lawsuits against Trump's tariff policy
- A dozen US states have filed a lawsuit against President Donald Trump's "unlawful" tariffs at the Court of International Trade in New York.
- With his arbitrarily levied duties, the president has "overturned the constitutional order and plunged the American economy into chaos", according to the lawsuit.
- According to the US Constitution, the power to levy taxes, tariffs and duties lies with Congress, not the President, the plaintiffs argue.
- National trade policy should not depend on his whims.
- The Democratic states of Oregon, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, New Mexico, New York and Vermont and the Republican states of Arizona and Nevada have sued.
- Since the tariffs are illegal, the court should overrule them, they demand according to the lawsuit...
- https://www.finanznachrichten.de/nachrichten-2025-04/65194874-zwoelf-us-bundesstaaten-klagen-gegen-trumps-zollpolitik-016.htm
Hapag-Lloyd $HLAG (+0,7 %)registers cancelations between China and the USA
- Germany's largest container shipping company Hapag-Lloyd is struggling in the trade dispute between the USA and the People's Republic of China.
- Around 30 percent of bookings from China to the USA have been canceled, a spokesman said on Wednesday.
- At the same time, the shipping company is registering "massive growth" in demand from Thailand, Cambodia and Vietnam...
- https://www.onvista.de/news/2025/04-23-hapag-lloyd-registriert-stornierungen-zwischen-china-und-den-usa-0-20-26381572
Tonner Drones $ALDR (-3,47 %)announces that its patent for the inhibitor has been granted in the USA
- Tonner Drones owns the technology for an anti-recoil activation mechanism. The company now holds patents in Australia, the United Kingdom, Europe (including Germany) and the United States of America.
- Tonner Drones is actively seeking IP agencies to commercialize its patents through collaboration or sale of the technology.
- Tonner Drones itself has no ambitions to further develop the product, but sees great value in the patents given the new dynamics in Europe regarding defense spending.
Aurubis $NDA (-0,36 %)defies Exane downgrade thanks to economic hopes
- Aurubis shares defied a skeptical analyst commentary from Exane BNP Paribas on Wednesday with a tailwind from economic hopes.
- The copper company's shares had risen by 1.8 percent to 77.20 euros by midday, slightly outperforming the firm MDax.
- The share price benefited from a continued recovery in the price of copper.
- The industrial metal was in demand as economic concerns eased after the US government held out the prospect of some de-escalation in the tariff dispute with China.
- However, Exane-BNP analyst Alan Spence had lowered the price target from 71 to 60 euros, which is more than a fifth below the current price.
- He has accordingly downgraded Aurubis shares to "underperform".
- With a price target of 58 euros, only one analyst, the private bank Hauck & Aufhäuser, is currently more cautiously positioned.
- At the end of March, the Aurubis share price had risen to around 96 euros, its highest level for around two years.
- However, the international trade dispute triggered by the USA then dragged the shares down to just over 71 euros within a few days.
- Economic concerns dampened the expectations of many investors with regard to demand for commodities such as copper and other industrial metals
Thursday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
- LVMH Moet Hennessy Louis Vuitton EUR 7.50
- ING Group EUR 0.71
- Christian Dior EUR 7.50
- Quarterly figures / company dates USA / Asia
- 07:00 Hyundai quarterly figures sales 1Q
- 07:30 LG Electronics quarterly figures
- 12:00 Pepsico | Comcast | Dow quarterly figures
- 12:30 Merck & Co | Southwest Airlines | Valero Energy | Hasbro quarterly figures
- 12:55 Procter & Gamble quarterly figures
- 13:00 American Airlines | Bristol Myers Squibb Quarterly Results
- 14:00 Delivery Hero Earnings Call
- 15:00 Pfizer | Boeing AGM
- 22:00 Intel | Weyerhaeuser quarterly figures
- 22:05 Alphabet | Verisign quarterly figures
- 22:30 T-Mobile US quarterly figures
- Quarterly figures / Company dates Europe
- 07:00 Kühne & Nagel | Roche | Nokia | BNP Paribas | STMicroelectronic | Vossloh
- 07:00 Renault quarterly figures | Nestle 1Q sales
- 07:30 Air Liquide | Delivery Hero | Sanofi | Orange | KPN quarterly figures
- 07:45 Eni SpA quarterly figures
- 08:00 Unilever Trading Statement 1Q | Relx AGM and Trading Update 1Q
- 10:00 Schaeffle AGM
- 10:30 Nestle Analyst Conference
- 14:00 Delivery Hero Earnings Call
- 14:30 Danone AGM
- 17:45 Vinci quarterly figures | Michelin | Carrefour 1Q sales
- 18:05 Saint-Gobain 1Q sales
- Economic data
10:00 DE: Ifo Business Climate Index April PROGNOSE: 85.1 PREVIOUS: 86.7 Situation assessment PROGNOSE: 85.7 PREVIOUS: 85.7 Business expectations PROGNOSE: 84.5 PREVIOUS: 87.7
12:00 DE: Bundesbank monthly report
14:00 US: ECB Governing Council member Nagel, press breakfast at IMF Spring Meetings
14:30 US: Durable Goods Orders March FORECAST: +1.6% yoy previous: +1.0% yoy | Chicago Fed National Activity Index (CFNAI) March
14:30 US: Initial jobless claims (week) FORECAST: 220,000 Previous: 214,000
15:00 BE: Business Climate Index April FORECAST: n/a previous: -15.1
16:00 US: NAR, Existing Home Sales March FORECAST: -3.8% yoy previous: +2.0% yoy
18:30 US: IMF and World Bank Spring Meetings, G-20 press conference
No time specified:
- BE: EU Commission President Von der Leyen, meeting with UK Prime Minister Starmer
- US: US President Trump, meeting with Norway's Prime Minister Store
