𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟮.𝟬𝟱.𝟮𝟬𝟮𝟮
Hello getquin!
You’re looking for a friend to tell you what happened in the world of finance and business? You’ve Got a Friend In Me, as I can show you a Whole New World (of finance and business). Overall, the markets are down, but that’s the Circle of Life.
(In case you didn’t realise, Disney $DIS (+0,44 %) released their quarterly earnings last night, and it’s more difficult to think of puns related to British Telecoms)
𝗘𝘂𝗿𝗼𝗽𝗲🌍:
1. Siemens to leave Russia
Siemens $SIE (+1,29 %) will quit the Russian market due to the war in Ukraine, having operated there for 170 years. This will cause a 600 million euro hit to their business during the second quarter, and it will not stop there.
🟥 $SIE (+1,29 %) Siemens AG (🔽-2.00%)
𝗔𝘀𝗶𝗮🌏:
2. SoftBank may cut startup investments
According to SoftBank $9984 (+12,22 %) CEO, Masayoshi Son, they could cut startup investments by more than half this fiscal year. SoftBank $9984 (+12,22 %) is vocally cautious about opportunities in the private markets amid a global slowdown, as well as the Japanese conglomerate’s bleak performance.
🟥 $9984 (+12,22 %) SoftBank Group Corp. (🔽-5.44%)
𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝘀🌎:
3. GM shares hit new 52-week low
Following a downgraded rating by Wells Fargo $WFC (-0,14 %) , General Motors or $GM (-0,46 %) shares opened at a 52-week low, and the lowest since November 2020. This downgrade also saw the price target fall from $74 a share to $33 a share.
🟥 $GM (-0,46 %) General Motors Corp. (🔽-3.88%)
𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗰𝗮𝗹𝗹𝘀🗣:
1. Walt Disney Co $DIS (+0,44 %)
🟥 EPS: $1.08 vs $1.19 expected (-9.09%)
🟥 Revenue: $19.25bn vs $20.04bn expected (-3.94%)
2. BT Group $BT.A (+0,29 %)
🟦 EPS: £0.0454 vs £0.0454 expected (0% - match)
🟥 Revenue: £5.37bn vs £5.44bn expected (-1.31%)
𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆🔔:
🟩 TOP, $NVAX (-0,43 %) Novavax Inc (🔼+9.55%)
🟥 FLOP, $BMW (+0,8 %) BMW Group (🔽-7.88%)
🟥 Most searched, $ALV (+0,92 %) Allianz SE (🔽-3.32%)
🟥 Most traded, $TSLA (+0,63 %) Tesla Inc (🔽-1.13%)
🟥 S&P500 (🔽-0.90%)
🟥 DAX (🔽-0.64%)
🟩 $BTC (-1,49 %) Bitcoin ₿, $29,074.10 (🔼+0.29%)
Time: 17:45 CEST
Did you know that the United States🇺🇸 represents 54.5% of the world stock market capitalization?
