The US stock markets are expected to have little movement with a negative undertone in early trading in the middle of the week. Three quarters of an hour before the start of trading, the broker IG appraised the US leading index Dow Jones Industrial 0.10 percent lower at 31,038 points. The announcement of new US inflation data initially had little impact on the pre-market prices. In December, consumer prices rose by 1.4 percent on the previous month, a little more than expected.
Statements by US central bankers are likely to have a dampening effect on trading activity on Wall Street. Fed representatives, for example, have spoken out against an early discussion of restricting bond purchases by the central bank. The Fed is currently helping in the fight against the economic consequences of the Corona crisis by keeping the key interest rate at zero and supporting the economy with the purchase of securities. The volume of the purchase program is US $ 120 billion per month.
General Motors shares were among the stocks
(GM) with a price gain of 3.8 percent in the investor focus. GM had previously explained details of its electric car offensive. The car company plans to invest 27 billion US dollars in research, development and production of electric cars by 2025 and will bring a total of 30 different electric models onto the market by then. In addition, GM is building its own battery factory in which the so-called Ultium batteries are to be produced, which enable significantly longer ranges. The company plans to produce one million e-cars a year from 2025.
The approximately 5.3 billion dollars (4.3 billion euros) takeover of the fintech start-up Plaid by the US credit card giant Visa Inc. has failed. The companies announced on Tuesday after the US stock market closed that they had mutually canceled the deal agreed at the beginning of last year due to antitrust opposition from the Justice Department. Visa papers rose by 0.7 percent before the market.
The video conferencing service Zoom raised $ 1.75 billion in fresh money through a stock offering. 5.15 million shares at $ 340 each were placed in the course of a capital increase, Zoom said. The issue price was almost five percent below the closing price on Tuesday. In the next 30 days, Zoom can buy another 735,000 shares if the syndicate bank uses this option. The Zoom shares lost 1.4 percent before the IPO.
The ExxonMobil titles gained around 1.2 percent to $ 48.45 before the market. JPMorgan analysts had previously upgraded the oil company’s shares from “Neutral” to “Overweight” and raised the price target from $ 50 to $ 56. / edh / fba
ISIN US2605661048 US6311011026 US78378X1072
AXC0260 2021-01-13/15:01
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