Honda Motor ADR Representing 1

Upcoming events this week:

Monday

• Earnings reports from McDonald's ($MCD (+0,68 %) ), Caterpillar Inc. ($CAT (+1,34 %) ), Palantir Technologies Inc. ($PLTR (+1,03 %) ), ON Semiconductor Corp. ($ON (+0,98 %) ) and Tyson Foods Inc. ($TSN (+0,2 %) )
• Speech by Atlanta Fed President Raphael Bostic
• S&P final U.S. Services PMI (January)
• ISM Services PMI (January)
• Senior Loan Officer Survey

Tuesday

• Earnings Reports from Eli Lilly
  $LLY (+1,04 %) ), Amgen ($AMGN (+0,59 %) ), BP ($BP. (+0,14 %) ), Gilead Sciences Inc. ($GILD (+0,68 %) ), Ford ($F (+0,8 %) ), GE HealthCare Technologies Inc. ($GEHC (+0,7 %) ) and Snap Inc. ($SNAP (+0,86 %) )
• Speeches by Minneapolis Fed President Neel Kashkari, Cleveland Fed President Loretta Mester and Philadelphia Fed President Patrick Harker

Wednesday

• Earnings Reports from Alibaba Group Holding Ltd. ($BABA (-1,71 %) ), Disney ($DIS (+0,17 %) ), Uber Technologies Inc. ($UBER (+0,9 %) ), CVS Health Corp. ($CVS (+0,73 %) ), Arm Holdings PLC ($ARM (+1,18 %) ) and PayPal Holdings Inc. ($PYPL (+0,57 %) )
• Speeches by Fed Gov. Adriana Kugler, Fed Gov. Michelle Bowman and Richmond Fed President Tom Barkin
• US trade deficit (December)
• Consumer credit (January)
• 
  Congressional Budget Office (CBO)

Thursday

• Earnings Reports from S&P Global Inc. ($SPGI (+1,01 %) ), Philip Morris International Inc. ($PM (+0,2 %) ), ConocoPhillips ($COP (+0,63 %) ), Unilever ($UL (+1,37 %) ), Honda ($HMC (+2,4 %) ) and AstraZeneca ($AZN (+2,94 %) )
• Initial claims for unemployment benefits (week ending February 3)
• Wholesale inventories (December)
• Speech by Richmond Fed President Tom Barkin
• Financial stability statement by Treasury Secretary Janet Yellen before Congress

Friday

• Earnings Report from PepsiCo ($PEP (+0,61 %) )
• Annual seasonal adjustments (CPI)

getquin Daily Summary 29.08.2022

Hello getquin,

today the market was not so positive. In addition to news on European stocks, today we have an all-round view with Asia and America. Despite that the market was generally negative, bitcoin was able to perform positively. Have fun reading!

Europe🌍:

1. central bankers cause further price losses for European stocks

European markets fell today while bond yields rose as central bankers' comments fueled concerns about drastic measures to fight inflation despite growing recession risks.

The STOXX 600 index hit a more than one-month low, and interest-rate-sensitive technology stocks also fell 1.8%. The yield on 10-year German debt rose 10 basis points to a two-month high.

Read more: https://reut.rs/3RfaZne

🟥 $SC0C (+0,38 %) €97,08 (🔽 -0,08%)

🟩 10-year German government bonds 1,510% (🔼 +0,118%)

America🌏:

2nd Honda and LG to build EV battery production in U.S.

Honda Motor and LG Energy Solution announced Monday that they will spend $4.4 billion to build a new battery production facility in the United States.

As the industry tries to meet stricter requirements and accelerate the production of zero-emission cars and trucks, this news is the intention of automakers to invest in American production of battery cells for electric vehicles. General Motors, Ford Motor, Rivian Automotive and Hyundai Motor are among the other manufacturers.

Read more: https://reut.rs/3RiL6TD

🟩 $HMC (+2,4 %) €26,63 (🔼 +0,13%)

Asia🌏:

3rd Chinese tech giants posted worst quarterly growth in their history

Chinese tech giants have had the worst quarter in their history as the sharp slowdown in the world's second-largest economy, fueled by Beijing's strict covid policies, takes its toll. In the second quarter of the year, e-commerce company Alibaba posted its first flat year-on-year revenue growth, and social media and gaming company Tencent reported its first revenue decline in history. JD.com, China's second-largest e-commerce company, posted the slowest revenue growth in its history, while electric vehicle maker Xpeng issued a larger-than-expected loss and a weak forecast. Together, these companies have a market capitalization of more than $770 billion. China's economy grew by only 0.4% in the second quarter, affecting consumer strength and corporate spending in areas such as advertising and cloud computing.

Read more: https://cnb.cx/3Q0e5ul

🟥 $BABA (-1,71 %) €98,20 (🔽 -1,16 %)

🟥 $JD (+0,3 %) €31,20 (🔽 -2,35 %)

🟥 $XPEV (-4,04 %) €18,50(🔽 -2,22 %)

Welt🗺️:

4. Savage plays along with Sony's Playstation

Savage Game Studios will join PlayStation's newly formed Studios Mobile division. Sony announced today that they have reached a definitive agreement to acquire Savage Game Studios. Savage games studio, which was founded as recently as 2020 by veterans from teams at Rockstar, Wargaming, Rovio and Next Games, among others, had raised $4.4 million in seed funding just last year. Savage games works primarily on mobile content, further confirming Sony's focus on expanding their mobile games division.

For all gaming investors: https://bwnews.pr/3QUhaNM

🟥 $SONY (+0,55 %) €81,84 (🔽 -2,41%)

Stocks of the day:

🟩 $PDD (-1,3 %) €67,95 (🔼 +17,56%)

👍 Shares of the China-based e-commerce company rose 17.56% on the stock market after better-than-expected quarterly results. The company said its performance was boosted by a recovery in consumer sentiment.

🟥 $FTCH €10,56 (🔽 -12,62%)

👎 After gaining 17.13% on Friday, Farfetch's shares fell again today by 12.62%. This could be due to the decline to the hype from the partnership with luxury goods manufacturer Richemont (Cartier, Montblanc, A. Lange & Söhne).

🟥 $EUNL (+0,67 %) €74.72 (🔽 -0.52%)

🟥 $TSLA (+1,18 %) €281.30 (🔽 -2.40)

🟥 $SP500TR 4.034,48 (🔽 -0,57 %)

🟥 $GDAXI 12.897,27 (🔽 -0,57 %)

🟩 $BTC (+1,38 %) ₿, €20.266,67 (🔼 +2,91 %)

Time: 18:00 CEST

(Not so) Fun Fact:

If you think we have it bad, Zimbabwe had the worst inflation in the world in 2008. 6.5 sextillion percent in November 2008 only. Again to clarify, a sextillion is a one with 36 zeros! That makes 8% sound a lot better.

#marketnews
#marketnewsupdate

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗦𝘁𝗲𝗽𝘀𝘁𝗼𝗻𝗲𝘀 𝗜𝗣𝗢 / 𝗘𝗹𝗲𝗸𝘁𝗿𝗼𝗿𝗮𝗱 𝗶𝗺 𝗞𝗲𝗹𝗹𝗲𝗿 / 𝗟𝗲𝗲𝗿𝗲 𝗕𝗮𝘁𝘁𝗲𝗿𝗶𝗲 / 𝗚𝗲𝗵𝗮𝗹𝘁 𝗶𝗻 𝗞𝗿𝘆𝗽𝘁𝗼

𝗜𝗣𝗢𝘀 🔔

Stepstone - Axel Springer ($AXELF) wants to push ahead with preparations for an IPO of the job ad portal Stepstone. Goldman Sachs ($GOS (+0,94 %)) and Morgan Stanley ($DWD (+0,53 %)) have been selected to lead-manage the transaction, which could take place in the second quarter of 2022. The issue could value Stepstone at around EUR seven billion. This would correspond to 25 times the operating profit (EBITDA) of around EUR 300 million expected for 2023. The job portal's business has been going very well recently and it has been able to show annual growth of 20 percent over the last ten years.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Apple Inc. ($APC (+0,92 %)), AmeriServ Financial Inc. ($ASRV), Brink's ($PTY (+0,56 %)), Clarus ($BDO (+0,48 %)), Core Laboratories ($CEI), Federated Hermes ($3KC (+0,75 %)), First Interstate BancSystem ($4FB (+0,31 %)), W. W. Grainger ($GWW (+0,83 %)), Janus Henderson ($HDJ), Lazard ($LAZ), Louisiana Pacific ($LP3 (+2,1 %)), US Steel ($USX1 (+1,02 %)) and Xilinx ($XIX) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, 11880 Solutions ($TGT (+0 %)), Andritz AG ($AZ2 (+1,02 %)), Amadeus IT Group ($AI3A (+0,39 %)), artnet ($ART (-0,36 %)), Asahi Kasei ($ASAA (+2,1 %)), Berkshire Hathaway ($BRYN (+0,74 %)), Chiyoda Kakō Kensetsu ($CYA (+6,57 %)), Data Modul ($DAM (-2,1 %)), GS Yuasa ($G9Y (+2,52 %)), Honda ($HDMA (+2,4 %)), Johnson Controls ($TYIA (+0,77 %)), Kikkoman ($KIK (-2,38 %)), Kobe Steel ($KST (+1,02 %)), Krones AG ($KRN (+0,52 %)), Mitsubishi ($MBI (+0,28 %)), Nippon Paper Industries ($9NI (+0,96 %)), Olympus ($OCPNY), Rheinmetall ($RHM (+1,01 %)), Sempra Energy ($SE4 (+1,03 %)), TLG Immobilien ($TLG) and Uniper ($UN01) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

United Internet ($UTDI (+0,87 %)) - Ralph Dommermuth aims to take over United Internet for EUR 35 per share. This would give him more than half of the Internet group. The manager would like to acquire 17 million United Internet shares either via an existing company or a newly founded one controlled by him. The share price of almost EUR 37 in September had fallen by around EUR 5 by the end of October. United Internet had announced in mid-September that it intended to end its share buyback prematurely due to low trading volumes. However, it is still uncertain whether Dommermuth's purchase will actually take place.

Peloton ($2ON (+4,59 %)) - The upswing of exercise bikes due to the Corona crisis is over. In the last quarter, the fitness equipment manufacturer posted a loss of $376 million. In the wake of that, Peloton lowered both its expected revenue for the current fiscal year and its subscriber growth. Investors reacted immediately and the stock fell by about 33% in the course of one day.

Varta ($VAR1 (+12,77 %)) - The battery company lowered its sales forecast for the current fiscal year due to production difficulties at some suppliers. In response, the share slumped by around 19%.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

New York City - New York Mayor-elect (Democrats) Eric Adams spoke in an interview a day after his official election about his plans to introduce a City Coin for the city. This is said to be one of the first steps in transforming New York into a crypto-friendly city. Furthermore, he announced that he wants to receive his first 3 paychecks in the form of cryptocurrencies. He also said that he has already met with Miami Mayor Francis Suarez, who is known for his positive attitude towards cryptocurrencies and also called for his salary to be paid 100% in Bitcoin last week. Miami already has its own City Coin, which is indeed very popular. Francis and Adams now decided to try a friendly competition to see which of the two cities can show greater progress in the crypto space. Adams' goal is for New York to continue to maintain its reputation as a financial capital in the age of cryptocurrencies.

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