Below is the stock market ticker for important price movements on the international financial markets and their causes:
7:30 p.m. – Amazon AMZN wants Rivian vehicles Equipping RIVN with new technology and thus driving up the shares of the electric car manufacturer. The Californian company’s papers advance by around one and a half percent, Amazon gains about the same amount. The US online retailer says it wants to equip 1,000 Rivian electric vans with a visually supported system for picking up packages. The vehicles are expected to be used in early 2025. Amazon is Rivian’s largest shareholder and ordered 100,000 electric delivery vehicles from the car manufacturer around five years ago.
6:40 p.m. – A surprisingly large increase in US inventories has pushed oil prices into the red. The North Sea crude oil type Brent BRN1! and the US variety WTI CL1! fell by more than one percent to $76.18 and $72.75 per barrel (159 liters). Concerns about Hurricane Milton hurtling towards Florida previously pushed oil prices up by up to a good one percent. Crude oil inventories in the US rose by 5.8 million to 422.7 million barrels last week, the US Energy Statistics Agency (EIA) said. Analysts polled by Reuters had on average expected an increase of two million barrels.
1:20 p.m. – Arcadium Lithium ALTM took off in pre-market US trading and rose by around 30 percent to $5.54. The British-Australian mining company Rio Tinto RIO is taking over the company for $6.7 billion. Rio Tinto is offering $5.85 per share in cash for the lithium producer. Rio Tinto shares listed on the Australian Stock Exchange fell 2.3 percent. Shares of competitor Lithium Americas LAC, Albemarle ALB, Sigma Lithium SGML and Piedmont Lithium PLL gains up to four percent on Wall Street premarket.
1:05 p.m. – Bavarians BAYN continues to slide and falls by 8.2 percent to a three-week low of 26.84 euros. This makes them by far the biggest loser in the Dax. According to a report by the Bloomberg agency, a case in the glyphosate trials in the USA is being reopened after a plaintiff lodged an appeal. In May, a court overturned a 2021 verdict for $185 million in damages for chemical contamination with polychlorinated biphenyls (PCBs) at a school northeast of Seattle.
7:40 a.m. – Investors are reaching for an encouraging quarterly outlook from Continental CON to. Lang & Schwarz shares are at the top of the DAX with a premium of 2.1 percent. As the auto supplier announced on Tuesday evening, profitability in the auto division will be higher in the third quarter than in the second quarter, although sales will be lower.