October 20, 2021 7:06 am
On Tuesday the market, as measured by the broad indices, continued its upsurge, making a 5 day gains streak, the biggest since August. S&P 500 and the Dow gained .74% and .56% respectively closing nearly 1% off their historical his. The Nasdaq added .71% to its market value. The week is empty in terms of […]
Read moreOctober 19, 2021 7:23 am
Last week Toyota Motor Corp (7203) reduced its planned global production for November by 15% because of ongoing chip shortages. Still, the company signaled that it would increase output from December by sticking to its latest full-year production objective. In a press release, the Japanese company said it would produce between 100,000 and 150,000 fewer […]
Read moreOctober 18, 2021 8:27 am
The US stock markets started the week precariously but ended in quite strong and positive vibes with the S&P gaining 2.55%, the Dow 2.31%, and the Russel 2000, representing the small caps, 2.21%. On Monday morning the Crude Oil WTI is trading at USD83.52 and Brent at USD85.79 with unstoppable surges during the week adding […]
Read moreOctober 15, 2021 7:38 am
Honda Motor Co Ltd (7267) said earlier this week that it would launch a new electric vehicle brand in China in 2022 and would introduce only battery electric, hydrogen fuel-cell or petrol-electric hybrid vehicles in the Asian country from 2030. The name of the new brand will be “e:N Series”, the company said, while its […]
Read moreOctober 14, 2021 7:53 am
S&P 500 ceased its 3 day series of losses yesterday finishing with a .30% gain, Nasdaq outperformed with .73% and the Dow finished around flat. The market was cheered by the favorable JPM results, as the state of the major investment bank is indicative of the state of the US economy. The 10yr Treasuries’ yields […]
Read moreOctober 14, 2021 7:23 am
According to data from the China Passenger Car Association (CPCA), Tesla Inc (TSLA) sold over 56,000 locally-made electric vehicles in September, or the most since the company initiated production in Shanghai nearly two years ago. Of that total, the electric car maker exported 3,853 vehicles from its Shanghai facility, where it assembles Model 3 sedans […]
Read moreOctober 13, 2021 9:35 am
Amazon.com Inc (AMZN) launched earlier this week its Amazon Prime service in Poland, which offers free delivery and video streaming, while triggering a sell-off in shares of local e-commerce competitor Allegro. “We are very pleased with the way Polish customers accepted the Amazon.pl service launched at the beginning of this year,” Mourad Taoufiki, CEO of […]
Read moreOctober 13, 2021 7:34 am
The major US indices finished North for a third consecutive day, after an extremely volatile September, with the Dow, S&P and Nasdaq deleting .34%, .24% and .14% respectively. This time the IMF downward revised forecast for the world GDP growth twisted the positive moods of investors – the global economy will grow with 5.9% in […]
Read moreOctober 13, 2021 7:11 am
Volkswagen AG (VOWG) said earlier this week that it would decide on the location for a planned battery cell facility in Eastern Europe during the first half of 2022. The auto maker is still planning to firmly settle on a location for the facility in the first six months of next year, it said, while […]
Read moreOctober 12, 2021 7:32 am
According to a report by Le Figaro daily newspaper over the weekend, Carrefour SA (CARR) has no longer interest in a possible partnership with Auchan after the two French companies held exploratory talks over the past months. The decision was made by the company’s strategic committee last week on the recommendation of Chief Executive Officer […]
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