Adidas: Red numbers from Nike put pressure on stock ++ Deutsche Bank: US stress test by the Fed passed ++ Wirecard: Ring clear for gamers – stock flies out of the Stoxx Europe 600

Now it is the turn of gamers at Wirecard. The payment service provider registers for bankruptcy, the share is then suspended from trading, it returns to the market at prices below 2 euros and then the price rises again – even significantly above 3 euros. Even after hours of searching, there is no reason to get into the stock – except that the gamers are at work. They should now stay among themselves. The stock is nothing for “normal” investors. The ever so frequently praised operational business is getting more and more cracks.

# Wirecard: Mastercard and Visa consider throwing the payment service provider out of their systems

At the start of trading, the share dipped again in double digits. Investors who grabbed the euro shortly before the mark on Thursday certainly did a good job with the stock, but it takes a lot of nerve to do that. The news situation at Wirecard should not brighten anytime soon. The insolvency administrator you have ordered will likely not bring out intoxicating news. At the start of trading, the share plummeted again, by a little more than 30 percent. Therefore ring free for the hard-boiled gamers on the market.

Dax: leading index endeavors to end the week in a friendly manner

The German stock market barometer follows the good mood on Wall Street. Good American economic data had pushed the US indices towards the end of trading again. The Dax comes out of the starting blocks on the last day of the week with an increase of almost one percent and stands at 12,291.32 points

Adidas: Nike’s numbers put pressure on stock slightly

Closed deals because of the corona pandemic have brought the world’s largest sporting goods manufacturer Nike deep into the red. In the past business quarter (until the end of May), the bottom line was a loss of $ 790 million (704 million euros), as the Adidas rival announced on Thursday after the US market closed. Nike had earned $ 989 million last year.

Revenue plummeted 38 percent to $ 6.3 billion, primarily due to the temporary pandemic closure of numerous stores worldwide. The digital business with online sales increased by 75 percent, but this was not enough to compensate for the loss in paralyzed retail.

The quarterly figures were significantly worse than expected by analysts. Wall Street sales were expected to be around $ 7.4 billion and in the black. Investors reacted accordingly to the results, and the share posted significant price losses after the exchange.

According to the company, the burdens caused by the corona pandemic have now abated considerably. Around 90 percent of the Nike stores around the world are now open again. The group is now betting that the strong momentum in online sales will continue, while the branch business will pick up speed again with the end of the lockdown measures.

Now is the time to play Nike’s particular strengths and resources, said CEO John Donahoe. “We are uniquely positioned to achieve growth.” However, the corona crisis also thoroughly spoiled the year for the otherwise very successful US company. Throughout the past fiscal year, revenue fell four percent to $ 37.4 billion. Net income even fell 37 percent to $ 2.5 billion.

Deutsche Bank: US stress test passed again

The Frankfurt financial institution passed the stress test of the US Federal Reserve without problems for the second year in a row. However, in view of the Corona crisis, the financial regulators imposed strict requirements to protect capital resources in the country’s largest financial institutions. Profit distributions from share buybacks and dividend increases are therefore taboo at least until the end of September, as the Fed announced in Washington on Thursday (local time).

At Deutsche Bank the relief prevailed, however, that the supervisors gave them an impeccable rating. Germany’s largest money house had failed the Fed’s audits several times in the past few years, so the US boss Christiana Riley and CEO Christian Sewing were all the more pleased that everything worked out as it did in 2019.

The stress test result was “an important step forward,” Riley and Sewing wrote to the employees in a memo. The change takes time, but Deutsche Bank is making noticeable progress and is on the right track, the letter said. Investors, customers and also the supervisors would recognize the positive development of the company.

Although the Fed gave all 33 banks tested a good rating, the stress test was ultimately a bitter pill for the industry. An analysis of the possible burdens caused by the corona pandemic has revealed risks, the central bank said. The Fed would therefore take further measures to examine the resilience more closely. Because of the uncertainty, the banks will have to hold their money together for the next few months.

As a result, the US Federal Reserve has imposed far-reaching requirements to protect capital in the country’s financial institutions in the face of the corona crisis. Stock buybacks and dividend increases are off-limits for the largest banks at least until the end of the third quarter, the Fed said in Washington on Thursday (local time).

In a nutshell:

Wirecard: As a result of the bankruptcy filing of the German payment processor, its shares will be removed from the Stoxx Europe 600 in the coming week. As of Tuesday, June 30th, they will no longer be included in the index of the 600 largest listed European companies, the index subsidiary Stoxx Ltd. announced. the Deutsche Börse on late Thursday evening. In the Wirecard balance sheet scandal, the accounting firm EY is now assuming serious crime on a quasi-global scale. Index changes are particularly important for funds that exactly replicate indices. There must then be changed accordingly, which can have an impact on the share prices. Wirecard should stay in the Dax until September because the rules are different.

Bayer: According to legal experts, Bayer is making a risky bet in the billion-dollar glyphosate comparison in the United States to avert future lawsuits. An independent scientific committee is to decide whether Roundup, the weed killer containing glyphosate, which has been part of the Bayer product range since the takeover of Monsanto, causes cancer. The Group wants to commit to the decision of this body. “Bayer is taking a high risk. It’s a bet that time will tell that the science that the plaintiffs rely on will turn out to be wrong, ”says law professor David Noll of Rutgers University in New Jersey Bayer said Wednesday night that to have settled with most of the plaintiffs in the lawsuit over the allegedly carcinogenic weed killer glyphosate in the United States. Up to $ 10.9 billion is due for settlement and possible future cases. According to Bayer, three quarters of the total of 125,000 lawsuits filed and threatened are now over. However, the group had to find a separate solution to reduce the risk of future lawsuits without taking Roundup off the market.

smell in: The German real estate group Vonovia has acquired shares in the Dutch real estate investor Vesteda Residential Fund. With a 2.6 percent stake, they are taking the first step into the Dutch residential property market, the company said on Friday in Bochum. The parties have agreed not to disclose the purchase price. Vesteda has approximately 27,000 mid-priced residential units in the Randstad region, which also includes Amsterdam and Rotterdam. The Netherlands is said to be one of Vonovia’s four target markets for residential real estate outside of Germany, alongside Austria, Sweden and France. “A share of 2.6 percent is certainly only a small step into the Dutch housing market. But we are now in an ideal starting position if there are further opportunities, ”CEO Rolf Buch is quoted in the message.

By Markus Weingran / dpa-AFX / Reuters

Photo: kit lau / Shutterstock.com

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