getquin Daily Summary 30.08.2022
Hello getquin,
here is your daily collection of news, useless and sometimes useful facts and everything that could have to do with stocks. 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. Please write in the comments how your portfolio fared today.
Europe🌍:
1st German inflation rate reaches 7.9%, the highest level in 50 years
Sharp price increases for energy and food have driven the inflation rate in Germany to its highest level in almost 50 years. According to calculations by the Federal Statistical Office, consumer prices in May were 7.9% higher than in the same month last year.
This means that the inflation rate in Europe's largest economy remained above the seven percent mark for the third month in a row. From April to May 2022, prices rose by 0.9 percent. The Wiesbaden-based statisticians confirmed their preliminary data from the end of May on Tuesday.
Read more: https://bit.ly/3wG6jz7
🟩 $GDAXI 12.957,92 (🔼 +0,50 %)
America🌏:
2nd Elon Musk invokes whistleblower claims in latest attempt to kill Twitter deal
Elon Musk filed another notice on Tuesday to end the Twitter acquisition, citing more reasons. Twitter shares fell more than 1% in pre-market trading.The latest filings come after Twitter's former chief security officer Peiter "Mudge" Zatko earlier this month alleged "extreme, egregious deficiencies" at the social media company in terms of privacy, security and content moderation. Twitter said Musk's latest termination attempt was "invalid and unlawful" under the acquisition agreement.
Read more: https://cnb.cx/3cr3M4Y
🟥 $TWTR €39,62 (🔽 -2,05 %)
Asia🌏:
3. concerns about the impact of Covid restrictions in China's major business centers
Concerns are growing over the tightening of Covid restrictions in several major Chinese cities as authorities lock out millions of citizens in Shenzhen and Dalian.
The measures have heightened uncertainty and concern over China's shaky economy. Analysts believe that the tightening of restrictions in major economic centers such as Shenzhen, Dalian and Chengdu in the southwest could have a far more serious impact than the lockdowns in smaller centers.
The new measures, which are only planned for a few days for now, reflect China's insistence on its "dynamic zero Covid" policy, which aims to quell any outbreak as soon as it occurs.
"Markets could come under renewed pressure in the coming weeks, likely triggering another round of cuts by economists on the street," Nomura warned in a note on Tuesday, highlighting the importance of cities such as the southern tech hub of Shenzhen.
Read more: https://bit.ly/3AXbMUw
🟥 $XCH $18,48 (🔽 -2,17%)
Welt🗺️:
4th battle of the chip giants
An exciting day for all chip and graphics card stock holders. It seems like one company is trying to top the other with announcements.
AMD's CEO Lisa SU announced today that AMD will be introducing four new architectures in the next few quarters, the first of which will launch as early as next month and is expected to surpass even Intel's powerhouse Core I9 in terms of gaming speed.
Shortly afterwards, Nvidia announced a new data center solution together with Dell. The data center is said to work at the forefront of AI innovation. The announcement states that the two companies aim to provide "cutting-edge AI training, AI inference, data processing, data science and zero-trust security capabilities for enterprises around the world".
Nevertheless, the news was not reflected in the share performance and both shares fell by more than 3%.
🟥 $AMD (-7,23%) €86,10 (🔽 -3,13 %)
🟥 $NVDA (-3,33%) €154,02 (🔽 -3,07%)
Special:🎤
Today is Warren Buffet's 92nd birthday.
🟥 $BRK.A (-2,14%) €432,500.00 (🔽 -1,14%)
Stocks of the day:
🟩 $PAH3 €72,74 (🔼 +4,06%)
👍 The planned IPO of VW's sports car subsidiary Porsche AG continues to drive the share price forward and is encouraging investors. In particular, the shares of Volkswagen Group holding company Porsche SE continued their rally following the new speculation that arose on Friday about the valuation of Porsche AG.
🟥 $BYDDY (-1,49%) €63,93 (🔽 -8,33%)
👎 In addition to increasing lockdown concerns, a report by the US news agency Bloomberg weighed heavily on the share price of the Chinese e-car manufacturer and Tesla rival. According to rumors, star investor Warren Buffett could sell his shares in BYD.
🟥 Most searched
$ALV (-0,75%) €170,08 (🔽 -0,15%)
🟥 Most traded
$BBBY €12,86 (🔽 -5,3%)
🟥 $SP500TR 2.987,96 (🔽 -1,06%)
🟩 $GDAXI 12.937,49 (🔼 +0,35%)
🟥 $BTC (+0,2%) ₿, €19.758,54 (🔽 -2,48%)
Time: 17:00 CEST
Lesson of the day:
Lucid $LCID (+14,5%) today submitted an application for a "mixed shelf offering" of up to 8 billion dollars. But what is that anyway?
A shelf offering is a provision of the Securities and Exchange Commission (SEC) that allows a stock issuer (e.g. a company) to register a new issue of securities without having to sell the entire issue at once. Instead, the issuer can sell portions of the issue over a three-year period without having to re-register the security or pay penalties.
