ROUNDUP: Lack of Chinese tourists is slowing down L’Oreal surprisingly significantly PARIS – The weak demand in North Asia slowed down the French cosmetics group L’Oreal surprisingly significantly in the final quarter. A decline in consumption by Chinese tourists was particularly noticeable, which was particularly reflected in the luxury care sector. Although L’Oreal was able … Read more
ROUNDUP: BASF boss changes in troubled times: Kamieth moves to the top LUDWIGSHAFEN – The world’s largest chemical company BASF is getting new management: Asia boss Markus Kamieth (53) will replace long-time group leader Martin Brudermüller after the general meeting of the Ludwigshafen Dax group in April 2024. The 62-year-old’s farewell had been planned for … Read more
ROUNDUP 2: Financial investor Silver Lake wants to take over Software AG – price jump DARMSTADT – US financial investor Silver Lake wants Software AG after investing a good year ago take over now. The Americans, who specialize in technology companies, are offering shareholders 30 euros per share, as they announced on Saturday night. Silver … Read more
NEW YORK (dpa-AFX) – The recovery in the Dow Jones Industrial from Thursday, losses will follow at the end of the week. The pre-market price fluctuations had already shown how unsettled investors remain despite all the measures taken to contain the crisis in the US regional banks. In addition, there is the long expiry date … Read more
NEW YORK (dpa-AFX) – On the US stock market, technology stocks are likely to remain on the upswing on Thursday. The Nasdaq 100 index was rated 1.7 percent higher at 12,574 points by the trading house IG three quarters of an hour before the start. After yesterday’s interest rate decision, there is still hope in … Read more
NEW YORK (dpa-AFX) – The New York stock exchanges made up a lot of ground on Tuesday after a weak start to the week. Thanks to a final spurt, the standard value indices even more than made up for their losses from the previous day: During the Dow Jones Industrial The S&P 500 gained 1.09 … Read more
NEW YORK (dpa-AFX) – The start of the stock market week for the central banks and the numbers of large US technology giants could fail on Monday. Investors are initially hesitant about major events, particularly in the technology sector. This reacts particularly sensitively to rising interest rates. The US Federal Reserve’s outlook on further interest … Read more
NEW YORK (dpa-AFX) – Lingering disappointment over future monetary policy continued to weigh on US stock prices on Friday. Prospects for further gains towards the end of the year are dwindling after major central banks dashed hopes interest rate hikes would soon end, analyst Craig Erlam of broker Oanda commented. Weaker-than-expected purchasing managers’ indices for … Read more
NEW YORK (dpa-AFX) – Further interest rate hikes expected by the US Federal Reserve weighed on US stock markets on Wednesday. The main Dow Jones Industrial index slipped into the red and recently lost 1.09% to 33,738.01 points. The other indices have also turned into the loss zone: for the S&P 500 at the market … Read more
NEW YORK (dpa-AFX) – Softer than hoped for US inflation data was very well received by investors ahead of the market on Tuesday. The indication of the IG broker for the Dow Jones Industrial it rose to 34,943 points three quarters of an hour before trading began. The main US index is therefore expected to … Read more