China Evergrande Group Unsponsored ADR

A real estate crisis like this can last a few years (!). And just because Chinese real estate developers are playing Final Fantasia doesn't mean that American real estate developers are moderately indebted. sind...dort apparently little has been learned from 2008

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗘𝘃𝗲𝗿𝗴𝗿𝗮𝗻𝗱𝗲 𝘄𝗮𝗰𝗸𝗲𝗹𝘁 / 𝗢𝘂𝘁 𝗼𝗳 𝗣𝗮𝗻𝗱𝗼𝗿𝗮𝘀 𝗕𝗼𝘅 / 𝗠𝗼𝗺𝗲𝗻𝘁𝘀 𝗽𝗮𝘀𝘀 𝗯𝘂𝘁 𝗡𝗙𝗧𝘀 𝗮𝗿𝗲 𝗳𝗼𝗿𝗲𝘃𝗲𝗿

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Today is ex-date for Bank of Nova Scotia ($BKN (+0,22%)), Cisco ($CIS (+1,52%)), and Weyerhaeuser ($WHC (+0,58%)).

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, the quarterly results of Kernel Holding ($0KE (+1,31%)) and ARYZTA ($ARZTY) are presented.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

𝗘𝘃𝗲𝗿𝗴𝗿𝗮𝗻𝗱𝗲 - Trading in Evergrande shares ($EV1A) in Hong Kong has been suspended. As a result, Asia's major indices have also been pulled down. A reason for the temporary trading halt has not been given yet, but it is known that the group missed another important interest payment.

According to Chinese online news service Cailian, Chinese real estate group Hopson ($HVP) acquired the Evergrande Property Services arm for the equivalent of 4.4 billion euros.

𝗣𝗮𝗻𝗱𝗼𝗿𝗮 𝗣𝗮𝗽𝗲𝗿𝘀 - the dataset called "Pandora Papers" includes about 11.9 million confidential documents. The dataset was leaked to the Consortium for Investigative Journalists by an anonymous source and analyzed by about 600 journalists.

The picture that now emerges is frightening but not surprising. It shows how politicians and the super-rich use offshore structures to hide their wealth from the public. Among them emerge the acting prime minister of the Czech Republic, King Abdullah II of Jordan, the acting president of Ukraine and Tony Blair. Blair allegedly bought a property in London worth €7.5 million through a shell company and saved more than €300,000 in land transfer tax through special legal constructions.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

𝗡𝗙𝗧𝘀 - The new NFT technology makes it possible to make not only digital art, but also other digital objects, such as tweets, tradable. The first tweet ever posted by Twitter CEO Jack Dorsey in 2006 was sold for the equivalent of $2.9 million earlier this year. However, the NFT movement did not stop there. Since recently, it is now possible to trade real events as NFT. Among others, world-famous athletes such as Tom Brady or Tiger Woods have started to offer the most legendary moments of their sporting career for sale as tokens. These can now be purchased by fans and/or collectors. The grandmasters of chess have now also made it onto the blockchain. In the form of an NFT, the most legendary chess moves of world champion Magnus Carlsen and other celebrities can now be traded.

Image source: Cointelegraph.com

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗨𝗦-𝗡𝗼𝘁𝗲𝗻𝗯𝗮𝗻𝗸 𝗞𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝘇 / 𝗦𝗵𝗲𝗹𝗹 𝘃𝗲𝗿𝗸𝗮𝘂𝗳𝘁 𝗣𝗲𝗿𝗺𝗮𝗶𝗻 𝗕𝗮𝘀𝗶𝗻 / 𝗦𝗻𝗼𝗼𝗽 𝗗𝗼𝗴𝗴 𝗮𝗹𝘀 𝗡𝗙𝗧 𝗦𝗮𝗺𝗺𝗹𝗲𝗿

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Korn Ferry ($KFY (+1,63%)) and Marriot Vacations ($MAQ (+1,74%)) are trading ex-dividend today.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today Verbio ($VBK (+4,98%)) opened its books. From the USA, General Mills ($GRM (+2,07%)) will present its figures today.

𝗜𝗣𝗢𝘀 🔔

𝗣𝗮𝗿𝗮𝘀 𝗗𝗲𝗳𝗲𝗻𝗰𝗲 𝗮𝗻𝗱 𝗦𝗽𝗮𝗰𝗲 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 - The Indian company, which has its SItz in Mumbai and has been around since 2009, plans to go public tomorrow (Thursday, 9/23-21). The company has a very broad product portfolio. The company earns 80 percent of its revenue from defense-related goods. THE remaining 20 percent comes from sales of space technology. In recent years, India's geopolitical tensions have increased enormously due to its proximity to countries such as Afghanistan and China. As a result, the Indian government has developed strong support programs for domestic defense companies to make India more militarily independent. These subsidies have also benefited Paras tremendously, allowing the company to grow even more in the future. One of the company's unique features is that all manufacturing, related testing and subsequent implementation of the technologies is done by Paras itself.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

𝗣𝗼𝘄𝗲𝗹𝗹 - Not only Evergrande ($EV1A) caused nervousness in the markets in recent days. Investors are also eagerly awaiting the meeting of the U.S. Federal Reserve on Wednesday evening European time. The focus is on the question of curbing bond purchases, which amount to 120 billion U.S. dollars per month. The consensus is that tapering has not yet been directly addressed, but indirect hints to that effect will increase and a concept will be worked out for the November meeting.

𝗦𝗵𝗲𝗹𝗹 - Royal Dutch Shell ($R6C) will sell its business in the Permian Basin, an oil field in the U.S., to rival ConocoPhillips ($YCP (+0,09%)). The deal is worth $9.5 billion U.S. dollars. Currently, Shell produces about 175,000 barrels per day from the Permian Basin fields.

The divestment comes after a ruling required Shell to reduce net emissions by 45% by 2030, based on 2019 emissions.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

𝗦𝗻𝗼𝗼𝗽 𝗗𝗼𝗴𝗴- The U.S. rapper caused quite a stir in the crypto and NFT community with a tweet last Monday. In this tweet, the rapper professes to be "CozomoMedici" - a well-known, but just until now anonymous NFT collector who holds over $17 million worth of NFTs. Following this announcement, Snoop Dogg also gave one of his followers 1 ETH ($ETH-USD (+0,15%)) from CozomoMedici's wallet to prove that indeed he is the rightful owner of the NFT collection. Snop Dogg thus owns 9 CryptoPunks, 10 Meebits, and 10 Tom Sachs Rockets, among others. The crypto and NFT community celebrated this phenomenal announcement and as a result sent numerous joint and mariuhana NFTs to CozomoMedici's wallet address.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝙐𝙣𝙞𝙫𝙚𝙧𝙨𝙖𝙡 𝙈𝙪𝙨𝙞𝙘 - 𝙈𝙞𝙩 𝙋𝙖𝙪𝙠𝙚𝙣 𝙪𝙣𝙙 𝙏𝙧𝙤𝙢𝙥𝙚𝙩𝙚𝙣 𝙖𝙣 𝙙𝙞𝙚 𝘽ö𝙧𝙨𝙚 / 𝙀𝙞𝙨𝙚𝙣𝙚𝙧𝙯 𝙗𝙚𝙜𝙞𝙣𝙣𝙩 𝙯𝙪 𝙧𝙤𝙨𝙩𝙚𝙣?! / 𝙀𝙫𝙚𝙧𝙜𝙧𝙖𝙣𝙙𝙚 𝙯𝙞𝙚𝙝𝙩 𝙖𝙡𝙡𝙚𝙨 𝙧𝙪𝙣𝙩𝙚𝙧 - 𝙨𝙤𝙜𝙖𝙧 𝙙𝙚𝙣 𝘾𝙧𝙮𝙥𝙩𝙤-𝙈𝙖𝙧𝙠𝙩

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Broadcom ($AVGOP), LTC Properties ($LTP (+1,1%)), Total ($TOTB (+0,38%)) and Weichai Power ($WEICY) are trading ex-dividend today.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, Adobe ($ADB (+1,51%)), AutoZone ($AZ5 (-2,13%)), FedEx ($FDX (+5,8%)) and Kingfisher ($KGFHY) will present their figures.

𝗜𝗣𝗢𝘀 🔔

𝗨𝗻𝗶𝘃𝗲𝗿𝘀𝗮𝗹 𝗠𝘂𝘀𝗶𝗰 - Vivendi spins off its subsidiary.

The record label celebrates its IPO in Amsterdam, making it the largest IPO in Europe this year. The share opened at €25.05 instead of the previously set €18.50.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

𝗖𝗼𝗺𝗺𝗼𝗱𝗶𝘁𝗶𝗲𝘀 - Iron ore has had one of its worst weeks since 2008. One reason is the shutdown in demand from China. According to the Chinese government, steel production is expected to be maintained at around 1 billion tons this year. Tensions between Australia, the biggest producer of iron ore, and China are also a reason for the Chinese government to limit steel production.

𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗲 𝗨𝗺𝘄𝗲𝗹𝘁𝗵𝗶𝗹𝗳𝗲 - German Environmental Aid (DHU) has criticized carmakers BMW ($BMW3 (+0%)) and Daimler subsidiary Mercedes ($DAII (+1,57%)) are suing. In early September, DHU and Greenpeace issued "climate-protective injunctions" to VW (), BMW, Mercedes and Wintershall (). They were asked to stop selling new cars with internal combustion engines from 2030. Wintershall was asked to stop oil and gas production projects by 2026. As the deadline set expired at ten o'clock last Monday, the lawsuits have now been filed. The basis is a calculation of the remaining CO2 budget available to carmakers to be in line with the Paris climate agreement.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

𝗕𝗿𝗮𝘀𝗶𝗹𝗶𝗲𝗻 - BTG Pactual, one of the country's leading investment banks, is launching a new digital platform called "Mynt" where it is possible to invest directly in cryptocurrencies. Currently, Bitcoin and Ethereum can be purchased through the platform, but the bank has already announced that an expansion to other cryptocurrencies is already in the works.

𝗕𝗶𝘁𝗰𝗼𝗶𝗻 ($BTC-EUR (-0,04%)) - The world's largest cryptocurrency has fallen below a very significant support level over the past day, settling at $44,000. This sharp drop in price is explained by the panic of a possible financial crash stemming from the Chinese stock market. The liquidity bottlenecks of the Chinese real estate company Evergrande ($EV1A) have also had a significant impact on the crypto market, according to the report. On Monday night, the bitcoin price fell a whopping 2 percent in 2 hours to a daily low of $43,400. At the time of writing, the BTC price has not yet stabilized again and currently stands at $43,077.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗘𝘃𝗲𝗿𝗴𝗿𝗮𝗻𝗱𝗲 𝗮𝘂𝗳 𝟭𝟭 𝗝𝗮𝗵𝗿𝗲𝘀𝘁𝗶𝗲𝗳 / 𝗬𝗲𝗹𝗹𝗲𝗻 𝘄𝗶𝗹𝗹 𝗦𝗰𝗵𝘂𝗹𝗱𝗲𝗻𝗼𝗯𝗲𝗿𝗴𝗿𝗲𝗻𝘇𝗲 𝗮𝗻𝘇𝗶𝗲𝗵𝗲𝗻 / 𝗘𝗹 𝗦𝗮𝗹𝘃𝗮𝗱𝗼𝗿 𝗯𝘂𝘆𝘀 𝘁𝗵𝗲 𝗗𝗶𝗽

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Today, Logitech ($LTEC (-0,35%)) and Restaurant Brands ($0R6 (-1,31%)) ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, Lennar Corp. ($LENB (+0%)) and Erytech ($2E4A) will present their figures.

𝗜𝗣𝗢𝘀 🔔

𝗩𝗲𝗴𝗮𝗻𝘇 - The full-range vegan food supplier has announced it will complete its planned IPO in the next 12 months. This was confirmed by founder and CEO Jan Bredack this morning. The enterprise sees in the future a very strong growth potential particularly by the customer group of the so-called "Flexitarier". It concerns thereby persons, who do not nourish themselves exclusively vegan, but consume increased climaticneutral and animal-free food. The company's product range currently consists of 120 purely vegan products. Veganz has been able to grow strongly, primarily due to the change in consumer buying behavior in recent years. Most recently, however, the company had to report a balance sheet deficit of 8.73 million euros, which was cured for the time being in June 2021 by an equity financing round of 11 million euros.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

𝗙𝗿𝗲𝗶𝗲𝗿 𝗙𝗮𝗹𝗹 - Evergrande share ($EV1A) at lowest level in 11 years.

The heavily indebted Chinese real estate group now dragged down other real estate and financial stocks, confirming fears that the crisis will spread to other companies.

The mountain of debt has now piled up to over $300 billion. Several interest payments are due this week alone, leading experts to believe that a default is becoming increasingly likely. Others are already talking about Lehman Brothers 2.0.

𝗝𝗮𝗻𝗲𝘁 𝗬𝗲𝗹𝗹𝗲𝗻 - The U.S. Treasury Secretary is pushing to take on more debt.

In an op-ed in the Wall Street Journal, she wrote that a failure by the U.S. to meet its obligations could trigger a historic financial crisis from which the U.S. would emerge as a permanently weakened nation.

If the U.S. defaults, the damage from the Corona pandemic could worsen.

Republicans in Congress have so far refused to raise the debt ceiling.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

𝗘𝗹 𝗦𝗮𝗹𝘃𝗮𝗱𝗼𝗿 - The first country in which bitcoin ($BTC-EUR (-0,04%)) has been recognized as a legal currency is now going a step further and buying the "dip." The President of the Central American country Nayib Bukele announced via Twitter this Monday morning that the country purchased 150 BTC (~$6.75 million) and now holds a total of 700 BTC (~$31.5 million). Furthermore, Bukele shared of the "presidential notice" that you can't be beaten if you buy the dip. Within the country, there has been increased unrest in recent months due to the recognition of Bitcoin as a currency and the use of government funds to purchase the cryptocurrency. The rating agency Standard & Poor's Global also stated that the purchase of Bitcoin has a direct negative impact on the country's credit rating. Furthermore, S&P states that these actions reduce the country's chances of receiving international funding.