getquin Daily Summary 01.08.2022

Hello getquin,

I wish you a good start of the week!

Europe🌍:

1. Retail sector in Germany records biggest sales slump since 1994

Retail in Germany is not exempt from the financial crisis. Sales in the sector fell in June by the most in 28 years. As the Federal Statistical Office announced on Monday, retail sales fell by 8.8% compared to the same month last year. Statisticians have been recording sales on a monthly basis since 1994.

Significant declines of more than 16 percent were seen in furniture, household appliances and building materials. Not much is left of the Corona era, nor of the Internet and mail order boom. Here, sales fell by 15.5 percent.

Interested in the topic? https://bit.ly/3oN0GdO

2. Wage increase for ground staff

Ground staff at numerous German airports will receive more money. The collective agreements negotiated by the ver.di trade union apply to more than 6,000 employees in smaller companies. "In view of the labor shortage and the high workload, many companies are more willing to grant significant wage increases. That's really gratifying," explained Marvin Reschinsky, ver.di negotiator. For example, wages are rising at the passenger handling company Aviation Handling Services, which operates at Düsseldorf, Hanover and Cologne/Bonn airports. Employees will receive between 17 and 26 percent more money over the next six months. At ground handling service provider Aviapartner in Düsseldorf and Hanover, salaries will rise by 300 euros with immediate effect.

Click here for source: https://bit.ly/3bhiYB6

America🌏:

2. Starbucks union demands coffee giant give wage increases and benefits to unionized stores

Starbucks Workers United is calling on the company to extend wage increases to workers in unionized stores. In May, the coffee chain announced it would raise wages for workers in non-union stores. The company said it was unable to make changes in organized stores without negotiations.

More info here: https://cnb.cx/3cXv6rl

🟩 $SBUX (-1,55%) (🔼 +0.73%)

Quarterly figures

HBSC
$HSBC (-1,07%)

EPS: 🟩 $0.15 expected vs $0.16 published; difference: 9.60%.

Sales: 🟥 $12.54 billion expected vs $12.46 billion published; variance: -0.63%

Stocks of the day:

🟩 TOP $PGY €31.58 (🔼 +27.54%)

🟥 FLOP $AJRD 38,73 € (🔽 -10,46%)

🟩Most searched $AMZN (+0,26%) , 134,26 € (🔼 1,67%)

🟥 Most traded $VAR1 (-1,19%) , 75,52 € (🔽 6,08%)

🟩 S&P500, 4,137.72 (🔼 +0.18%)

🟩 DAX, 13,543.84 (🔼 +0.44%)

🟩 Bitcoin ₿,€22,771.31 (🔽 -0.28%)

Time: 17:00 CEST

Fun Fact:

Did you know that Starbucks' round tables are specially designed to make customers feel less alone.