European Stock Market Reels from Iran Drone Attacks: International Community Calls for Stability

European Stock Market Reels from Iran Drone Attacks: International Community Calls for Stability

Most of the European stock market environment also went deeper into the weekend – overnight drone attacks on Iran had caused anxiety in the markets since the beginning of the session. The international community called on Iran and Israel and their allies to avoid escalation in the Middle East. “It is absolutely essential that the … Read more

Wienerberger Secures Long-Term Financing Until 2033: New EUR 600 Million Credit Line Announced

Wienerberger Secures Long-Term Financing Until 2033: New EUR 600 Million Credit Line Announced

wienerberger secures attractive long-term financing until 2033 EQS News: Wienerberger AG / Key word(s): Strategic Corporate decision wienerberger secures attractive long-term financing until 2033 09.04.2024 / 08:30 CET/CEST The issuer/publisher is responsible for the content of the message. wienerberger secures attractive long-term financing until 2033 * New credit line of EUR 600 million is used … Read more

New BASF Boss Markus Kamieth Announced Amidst Management Changes

New BASF Boss Markus Kamieth Announced Amidst Management Changes

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

US Jobs Report for July Sparks Optimism on Wall Street and Nasdaq; Analyst Suggests End of Rate Hike Cycle May Be Near

US Jobs Report for July Sparks Optimism on Wall Street and Nasdaq; Analyst Suggests End of Rate Hike Cycle May Be Near

NEW YORK (dpa-AFX) – The US jobs report for July caused optimism on Wall Street and the Nasdaq stock exchanges on Friday. Increasingly, the mixed data has been interpreted as suggesting the end of the rate hike cycle may be near. As LBBW analyst Dirk Chlench wrote, a weakening is slowly emerging on the labor … Read more

Argentina Secures Multi-Million Dollar Loan from Qatar to Pay IMF Interest

Argentina Secures Multi-Million Dollar Loan from Qatar to Pay IMF Interest

BUENOS AIRES (dpa-AFX) – Argentina, which is highly indebted, has taken out a multi-million dollar loan from Qatar to pay interest owed by the International Monetary Fund (IMF). The South American country borrowed 775 million US dollars from the emirate in the form of special drawing rights, the government in Buenos Aires announced on Friday. … Read more

US Stock Market Holds Steady as Fed’s Interest Rate Hike Hopes Boost Outlook for July Profits

US Stock Market Holds Steady as Fed’s Interest Rate Hike Hopes Boost Outlook for July Profits

NEW YORK (dpa-AFX) – After the recent strong run on the US stock market, the most important indices remained stable on Monday. Hopes of an end to interest rate hikes by the US Federal Reserve boosted the stock exchanges over the course of the month, meaning that profits should be posted for July. The reporting … Read more

US Stock Market Slows Down, Tech Sector Remains Strong

NEW YORK (dpa-AFX) – The US stock market lost some of its strength in trading before the weekend. However, the technology sector once again held up well above average. The Nasdaq 100 Although it came back a little after another high since the beginning of April 2022, it still maintained a plus of 0.6 percent … Read more

US Stock Exchanges Post Losses Amid Debt Dispute and Nervousness over Possible Fed Rate Hike

NEW YORK (dpa-AFX) – The US stock exchanges posted losses on Wednesday. On the one hand, there is nervousness about the hoped-for compromise in the US debt dispute. On the other hand, after robust data from the US labor market, stock market traders were again worried about a possible further rate hike by the US … Read more

Dow Jones and Nasdaq End Week on a Mixed Note Amidst Consumer Concerns and Bond Market Volatility

NEW YORK (dpa-AFX) – At the end of a sluggish week, the Dow Jones Industrial made up for the losses it had made over the course of Friday. Thanks to a final spurt, the leading index closed almost unchanged at minus 0.03 percent to 33,300.62 points. On a weekly basis, it lost 1.1 percent. The … Read more

US Markets Rise Thanks to Positive Quarterly Reports but Fed Calls for Banking Regulation Changes

NEW YORK (dpa-AFX) – The US stock markets rose on Friday thanks to the mostly positive quarterly reports from US companies. However, there were also some clear downward outliers in the individual values. Buying sentiment dampened concerns about inflation and the potential impact on regional banks following the collapse of Silicon Valley Bank. Officials at … Read more