getquin Daily Summary 11.07.2022

Hello getquin,

Mercedes delivers fewer cars, Twitter deal canceled and India overtakes China in population! Here's what's on your MarketNews today.

Europe🌍:

1. Mercedes delivers fewer cars.

Mercedes-Benz sales fell sharply in the second quarter due to a shortage of computer processors and the Corona closure in China. Mercedes-Benz said Monday that the Stuttgart-based automaker delivered 490,000 fewer passenger cars, or 16 percent, from April to June than in the same period last year.

Production and deliveries were slowed by a shortage of parts and transportation problems caused by the Chinese lockdown, which affected the key commercial port in Shanghai, for example. This also affected the highly profitable top models, especially at the AMG sports car division, where electronic chips were missing. China, the most important single market, recorded the biggest drop in sales, down 25% to 163,700 units. In Europe, sales were down 10% to 154,300 cars.

More on the problems here: https://bit.ly/3NZpCcq

🟥 $MBG (-0,13 %) (🔽 -2.53%)

America🌏:.

2. Twitter deal canceled.

Twitter shares fell 6% on Monday, eroding the company's market value by nearly $1.8 billion. On Friday, Musk's lawyer told Twitter's board of directors that he wanted to cancel the acquisition. Musk posted a meme on Monday mocking the failure of the deal with Twitter management.

Would you have guessed? https://cnb.cx/3IwqOCJ

🟥 $TWTR (🔽 -6.81%)

Asia🌏:

3. India will overtake China as the most populous country in 2023.

According to the university, India is expected to overtake China as the world's most populous country in 2023. According to the latest UN projections, the world population could reach about 8.5 billion in 2030 and 10.4 billion in 2100. In a statement, UN Secretary-General Antonio Guterres spoke of a "shared responsibility for our planet."

Currently, India has a population of 1.39 billion: https://cnb.cx/3AGCi4Y

Stocks of the day:

🟩 TOP $DUFN (+1,44 %) 33.25 (🔼 +6.12%)

🟥 FLOP $DOCN (+1,21 %) 39.73 (🔽 -12.71%)

🟥Most searched $AMZN (+0,94 %) , 11,51 € (🔽 -1,74%)

🟥 Most traded $TSLA (+0,66 %) , 706.60 € (🔽 -4.26%)

🟥 S&P500, 3,861.61 (🔽 -0.98%)

🟥 DAX, 12,853.64 (🔽 -1.24%)

🟥 Bitcoin 20.176,89€ , (🔽 -1.40%)

Time: 17:00 CEST

Fun Fact:

Did you know that only two printers are allowed to print money in Germany?

Where are these printers? Feel free to write it in the comments! Little hint: It's not Cochem.