According to the Landesbank Baden-Württemberg (LBBW), the struggle between small speculators organized on the Internet and the professional hedge funds, which are set to fall, had recently weighed on buyer confidence on Wall Street. Now the stock exchange regulator is responsible.
The first judicial authorities at least have intervened in the dispute over speculation with the shares of the video game retailer Gamestop and other companies on the US stock exchange. The broker Robinhood, which had already responded with usage restrictions, is also further restricting trading in Gamestop shares and by a further seven companies, including AMC Entertainment.
Before the trading day, the Gamestop papers fluctuated violently, but mostly with losses. In the end they were then unchanged. However, the share shot up by 68 percent on Friday alone and – since the previous Friday – at its peak by around 640 percent. The papers of the cinema chain AMC, which had also become a pawn, which shot up by 54 percent on Friday, rose by a further 24 percent before the market.
Curevac gained 10 percent in pre-trading. Together with the pharmaceutical company Bayer, the production of the Covid-19 vaccine is to be expanded. A cooperation that had already been concluded at the beginning of January was expanded.
With quarterly figures, the papers of Warner Music, Electronic Arts and NXP Semiconductors will also come into focus during the course of the day. In addition, the much-noticed ISM sentiment data from the US industry will be published shortly after the start of trading. In addition, data on construction investments are still pending./ck/jha/
(AWP)
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