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US Stock Exchanges Set to Open Near Record Levels with Moderate Losses | Economic Data and Fed Speeches In Focus
News

US Stock Exchanges Set to Open Near Record Levels with Moderate Losses | Economic Data and Fed Speeches In Focus

by Chief editor of world-today-news.com February 28, 2024
written by Chief editor of world-today-news.com

NEW YORK (dpa-AFX) – The US stock exchanges are likely to start trading on Wednesday near record levels with moderate losses. After reaching records last week, the indices are finding it difficult to continue the rally. Finally, important economic data is on the agenda on Thursday with the inflation data for January and on Friday with the ISM indicator from industry. In addition, several representatives of the US Federal Reserve will give speeches this Wednesday.

Around an hour before trading began, broker IG estimated the Dow Jones Industrial 0.23 percent lower to 38,883 points. This would mean that the best-known Wall Street index would extend its losses from the previous day. According to IG, the Nasdaq 100, which is predominantly stocked with technology stocks, is expected to start with minus 0.33 percent at 17,911 points and thus give up its gains from Tuesday.

The second estimate for the gross domestic product of the USA did not increase as significantly as expected in the fourth quarter on an annualized basis. So that didn’t put a damper on the interest rate cut fantasies. The mood remains optimistic, even if the high expectations of rapid and sharp interest rate cuts by the Fed this year have now been scaled back. The aim is now for a total reduction of 0.75 percentage points, with a first step not before May or June. This is generally considered realistic.

Market participants are nevertheless relieved that it is no longer a question of if, but when the Fed will cut interest rates in the face of falling inflation. This in turn increases the attractiveness of stocks compared to bonds.

Investors continue to focus on quarterly reports and outlooks from well-known US companies. The online auction house eBay had impressed the day before with its figures and statements for the first quarter and the year as a whole. Before the trading session, the shares rose by a little more than 5 percent. The situation is similar with First Solar, whose shares rose by almost 7 percent before the trading session. There is little sign of a crisis at the solar module manufacturer. Although it missed the market’s sales expectations, it was convincing with its profits and outlook.

After-hours this Wednesday, Salesforce will attract attention. According to RBC analyst Rishi Jaluria, the software company is likely to present solid figures. The debate about whether double-digit or single-digit growth rates can be maintained is likely to have ended for the time being after the good third quarter, he wrote. The overall economic environment can hardly be called ideal and competitors like Hubspot are better positioned for the generative artificial intelligence (AI) business. Before the trading session, Salesforce’s share price increased slightly.

Shares of Applied Materials fell nearly 3 percent at the same time. US government authorities made renewed inquiries about the semiconductor supplier’s supplies to Chinese customers.

Among the smaller stocks, Beyond Meat jumped by almost 60 percent after the manufacturer of vegan meat substitute products exceeded market expectations despite a decline in business in the past quarter.

Stocks related to cryptocurrencies are also likely to continue to rise after the price of Bitcoin rose even further and surpassed the $60,000 mark. MicroStrategy and Marathon Digital each gained 7 percent premarket, Cleanspark and Coinbase jumped by just over 5 percent each and Riot Platforms by almost 4 percent./ck/mis

2024-02-28 13:52:00
#York #stocks #outlook #largely #stable #high #level #Ebay #view #aktiencheck.de #AktienCheck

February 28, 2024 0 comments
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Business

Plug Power: Analysis and Forecast for March 7th Quarter Presentation

by Chief editor of world-today-news.com February 13, 2024
written by Chief editor of world-today-news.com

Dr. Bernd Heim (Gurupress.de) –

Plug Power started a massive run higher on Monday. The Americans were again able to record a profit of over 5%. Given the recent uncertainties surrounding hydrogen companies, this is a good signal overall. Plug Power has not yet reached the upward trend. The Americans will also be on March 7th. still have to present their figures – for the 4th quarter. Only then will it become apparent in the coming weeks how sustainable the latest developments can be.

Plug Power: The loan helps

Regardless of the missing figures, the most important thing is that the $1.6 billion loan recently issued by the US government will help. The listings are and will remain an issue for fundamentally interested investors: until now, the markets had doubted that Plug Power would be able to finance itself. Analysts currently see price forecasts of more than 5 euros as likely.

Buy, hold or sell – your Plug Power analysis from 02/13. provides the answer:

How will Plug Power develop now? Is your money safe in this stock? You can find out the answers to these questions and why you need to act now in the current analysis of Plug Power shares

Plug Power: Buy or Sell? Read more here…

2024-02-12 21:11:34
#Plug #Power #run

February 13, 2024 0 comments
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Esken promotes the “Germany Pact for Education” ()
Business

Esken promotes the “Germany Pact for Education” ()

by Chief editor of world-today-news.com December 11, 2023
written by Chief editor of world-today-news.com

BERLIN (dts news agency) – SPD leader Saskia Esken promoted a “German Education Pact” at the federal party conference of the Social Democrats in Berlin. The aim is to ensure that “educational disadvantages are compensated for as early as possible,” she told the delegates on Sunday. The basic skills must be reliably acquired in primary schools, and all young people with a qualified school leaving certificate must be able to make a secure transition into professional life.

“The federal and state governments should develop joint educational concepts for this,” said Esken. “They should be implemented compulsorily and they should also be jointly financed as part of the German Education Pact,” added the party leader. She is no longer willing to accept that “in this rich country there should be no money for our most important asset, the minds of the children and their education.” The main proposal for a “German Education Pact” states, among other things, that a “real departure” is needed for more educational equality. Instead of a ban on cooperation in education, what is needed is a “cooperation requirement”. The government levels – federal, state and local governments – must become aware of their shared responsibility and coordinate and coordinate their measures to strengthen educational equality and modernize the education system more specifically than before. The Social Democrats want to use “high inheritances and very high incomes” to finance a joint “educational awakening” – they are calling for a national special fund for education, which should be set up, financed and managed jointly by the federal and state governments.

Photo: via dts news agency


2023-12-10 21:45:52
#Esken #promotes #Germany #Pact #Education

December 11, 2023 0 comments
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German Aviation Industry Opposes Further Fees, Calls for a Moratorium
Business

German Aviation Industry Opposes Further Fees, Calls for a Moratorium

by Chief editor of world-today-news.com September 18, 2023
written by Chief editor of world-today-news.com

Aviation industry: No further burden of fees

BERLIN – The German aviation industry is opposing further increases in government fees for flying. The Federal Association of the German Aviation Industry (BDL) criticizes that the costs, which are already far too high, put a strain on companies and resulted in Germany falling behind as an aviation location. “What we need is a moratorium on the burden on air traffic. The state burden must not increase any further,” said BDL managing director Matthias von Randow to “Welt am Sonntag”.

Habeck wants to relieve companies of the supply chain law

BERLIN – Federal Minister of Economics Robert Habeck wants to relieve the burden on companies in Germany when implementing the supply chain law. The Green politician suggests suspending reporting obligations under the national supply chain law as quickly as possible – so that companies then only have to report in accordance with European law. A supply chain law is also planned at EU level.

Still lots of postal complaints

BONN – Whether illegible pickup slips, late letters or damaged packages: quality problems in the postal industry still cause dissatisfaction and anger among citizens. In August, 3,422 complaints about postal services were received, the Federal Network Agency said in response to a dpa request. In the same month last year there were 3,472 critical requests to speak. The current value is slightly lower, but high compared to previous years. In the first eight months of this year there were 22,640 complaints, 46 percent more than in the same period last year.

ROUNDUP: Dressel rejects shipowner criticism of HHLA deal – CDU: special meeting

HAMBURG – The freshly negotiated deal for the world’s largest container shipping company MSC to join the Hamburg port operator HHLA politics and companies in the Hanseatic city continued to occupy themselves over the weekend. The CDU wants to request a special meeting of the citizens’ economic committee, as the party announced on Sunday in Hamburg. “The bombshell from the SPD and the Greens that the shipping company MSC is taking over HHLA is causing more and more criticism from leading players in the port of Hamburg,” said CDU parliamentary group leader Dennis Thering, according to the statement. Above all, the question arises as to what benefit MSC’s entry into HHLA actually has.

Sandals manufacturer Birkenstock increases sales

LINZ AM RHEIN – The sandal manufacturer Birkenstock, which is about to go public, has significantly increased its sales, primarily due to price increases. In the nine months up to June, the company from Rhineland-Palatinate generated sales of around 1.12 billion euros, according to a stock exchange prospectus presented on Friday. In the same period last year it was 921 million. The bottom line is that Birkenstock earned 103.3 million euros, a quarter less than in the same period last year. This was mainly due to less favorable exchange rates.

Voi Germany boss does not expect an e-scooter ban in Germany

BERLIN – The German boss of the Swedish e-scooter provider Voi, Stephan Boelte, does not expect bans in Germany like those recently in Paris for the controversial sharing vehicles. “We don’t expect a second Paris in Germany,” Boelte told the German Press Agency. The legal situation is fundamentally different than in France. “Even if you talk to the cities, that’s not where they want to go. We’re experiencing a high level of willingness to cooperate.”

California is suing major oil companies, accusing them of deception

WASHINGTON – The US state of California is suing several major oil companies, accusing them of misleading the public about risks of their products. The companies have known for decades that dependence on fossil fuels could have “catastrophic consequences,” according to the civil lawsuit filed Friday. She cites the climate crisis as a consequence. “In 2023 alone, the state of California has experienced both extreme drought and widespread flooding, widespread wildfires and historic storms, as well as an unusually cold spring and record-breaking hot summer.” All of this causes billions of dollars in damage.

^

Additional Reports

-Finance Senator rejects criticism from Hapag Lloyd of the HHLA deal

°

Customer note:

ROUNDUP: You read a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/nas


2023-09-18 00:42:17
#dpaAFX #overview #COMPANY #important #reports #weekend

September 18, 2023 0 comments
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Central Association of German Crafts Urges Equality Between Vocational and Academic Education
Business

Central Association of German Crafts Urges Equality Between Vocational and Academic Education

by Chief editor of world-today-news.com September 16, 2023
written by Chief editor of world-today-news.com

BERLIN (dts news agency) – The Central Association of German Crafts (ZDH) is pushing for equality between vocational and academic education. “Vocational training has been neglected,” said ZDH President Jörg Dittrich to the “Editorial Network Germany” (Saturday editions). “Education as a path to increasing prosperity has been equated with the academic path for too long, and this narrative is still in the minds of teachers, parents and young people,” criticized the craft president.

“It’s a mammoth task to change that again,” said Dittrich. “That’s why we need a change in education.” He insisted on treating both educational paths equally. “We must first of all value academic and vocational education equally again,” he demanded. This also includes equivalent equipment for vocational schools. The reason for his demand is that 30,000 apprenticeship positions in the skilled trades remained unfilled at the start of the new training year. “This shows that our companies want to provide training and offer a lot of training positions,” said Dittrich. However, it is not easy for them to find applicants. At the same time, there is a trend reversal in the number of trainees. “There is a slight increase in training contracts, which of course pleases us and is certainly the result of the intensive recruitment of young talent in the trades,” he said. “Between January and August 2023, 112,231 new training relationships were registered, 2.6 percent more than in the previous year.”

Photo: via dts news agency


2023-09-16 21:27:32
#Crafts #equality #vocational #academic #education

September 16, 2023 0 comments
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US Stock Exchanges Rise on Hopes of Central Bank Interest Rate Summit: Weekly Gains for Nasdaq 100 and Dow Jones Industrial
News

US Stock Exchanges Rise on Hopes of Central Bank Interest Rate Summit: Weekly Gains for Nasdaq 100 and Dow Jones Industrial

by Chief editor of world-today-news.com July 29, 2023
written by Chief editor of world-today-news.com

NEW YORK (dpa-AFX) – The US stock exchanges rose again on Friday, buoyed by hopes of the approaching interest rate summit by the central banks.

Shares from the investment and financing-dependent technology sector reacted particularly sensitively, the Nasdaq 100 index gained 1.85 percent to 15,750.93 points.

The leading index Dow Jones Industrial closed 0.50 percent higher at 35,459.29 points. The market-wide S&P 500 went up 0.99 percent to 4582.23 points. All three indices posted gains on a weekly basis, with the Nasdaq 100 performing best at plus 2.1 percent.

In the USA, inflation continues to slow down. The PCE price index, which is particularly watched by the US Federal Reserve, rose by 3.0 percent year-on-year, after 3.8 percent in the previous month. That was expected. For more than a year, the Fed has been fighting the high inflation with sometimes sharp increases in interest rates. This week it continued to tighten its monetary policy slightly and left the future course largely open. Due to falling inflation, however, Fed observers believe it is possible that key interest rates will not rise any further for the time being.

Share investors once again had to process quarterly reports before the weekend, including those from Intel. The semiconductor group returned to profitability in the past three months. Not only the interim report, but also the outlook for the current quarter exceeded expectations, Intel shares gained 6.6 percent at the top of the Dow.

The shareholders of Procter & Gamble were happy about a price increase of 2.8 percent. The consumer goods group ended the 2022/23 financial year stronger than expected. Competitor Colgate-Palmolive set higher annual targets thanks to price increases in the past quarter. The shares still lost 1.9 percent. The bottom line is that net profit fell sharply because significantly higher taxes were incurred.

Ford shares were up 3.4 percent. The carmaker made a loss of billions with electric vehicles – the fact that it still almost tripled its consolidated profit thanks to the robust demand for models with combustion engines did not help the course, nor did the increased annual forecast for the operating result.

Roku soared more than 31 percent. The video streaming platform surprised positively with the numbers for the second quarter and was optimistic for the third quarter.

The euro rose and recovered part of its previous day’s losses. After the US close, the European common currency was trading at $1.1021. The European Central Bank (ECB) had set the reference rate at 1.1010 (Thursday: 1.1125) dollars. The dollar had thus cost 0.9083 (0.8989) euros. On the bond market, the futures contract for ten-year bonds (T-Note Future) rose by 0.37 percent to 111.42 points. In return, the yield on ten-year bonds fell to 3.96 percent./ajx/he

— By Achim Jüngling, dpa-AFX —

2023-07-28 20:23:00


#ROUNDUPAktien #York #Conclusion #Interest #rate #hopes #fuel #tech #stocks

July 29, 2023 0 comments
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