According to market observers, investors are increasingly switching from technology stocks to paper from traditional industries in view of increasing signs of a tightening of US monetary policy. The labor market report for November published on Friday was a bit mixed, but according to experts it was good enough that the US Federal Reserve (Fed) could reduce its bond purchases faster than last thought.
The new Coronavirus variant Omikron, which was first reported on the previous Friday, has meanwhile lost a little of its horror. Hopes are growing that Omikron could be more contagious than the delta variant, which is still dominant worldwide, but that it leads to comparatively mild processes. However, the data situation is still thin.
At the beginning of the week, the shareholders of Kohl’s could look forward to a pre-trading price increase of around three and a half percent. A report in the “Wall Street Journal?”, According to which the involved hedge fund Engine Capital is pushing for a sale of the retail company or a spin-off of the online trading business, proved to be a support for the recently weak stock.
The shares of GCP Applied Technologies shot up by a good 14 percent after the building specialty chemicals company approved its takeover by the French building materials group Saint Gobain.
In contrast, the papers from Nvidia threaten further losses of just under three percent. The graphics card specialist encounters resistance from the US Federal Trade Commission (FTC) ./gl / eas in the planned takeover of the chip developer Arm Limited from the Japanese telecommunications and media company Softbank
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