ROUNDUP: Lack of Chinese tourists is slowing down L’Oreal surprisingly significantly PARIS – The weak demand in North Asia slowed down the French cosmetics group L’Oreal surprisingly significantly in the final quarter. A decline in consumption by Chinese tourists was particularly noticeable, which was particularly reflected in the luxury care sector. Although L’Oreal was able … Read more
NEW YORK (dpa-AFX) – The US jobs report for July caused optimism on Wall Street and the Nasdaq stock exchanges on Friday. Increasingly, the mixed data has been interpreted as suggesting the end of the rate hike cycle may be near. As LBBW analyst Dirk Chlench wrote, a weakening is slowly emerging on the labor … Read more
NEW YORK (dpa-AFX) – The US stock markets are likely to continue their series of losses of the past two trading days on Thursday. The fact that the rating agency Fitch has withdrawn the coveted top rating for creditworthiness from the USA is still having an effect, according to the trade. This step caused clear … Read more
NEW YORK (dpa-AFX) – After the recent strong run on the US stock market, the most important indices remained stable on Monday. Hopes of an end to interest rate hikes by the US Federal Reserve boosted the stock exchanges over the course of the month, meaning that profits should be posted for July. The reporting … Read more
NEW YORK (dpa-AFX) – The US stock market lost some of its strength in trading before the weekend. However, the technology sector once again held up well above average. The Nasdaq 100 Although it came back a little after another high since the beginning of April 2022, it still maintained a plus of 0.6 percent … Read more
NEW YORK (dpa-AFX) – After the strong gains on the US stock exchanges in the middle of the week, there are signs of stabilization on Thursday. Economic data released before the start of trading was better than expected. At the same time, there is still confidence that the political dispute over the debt ceiling in … Read more
NEW YORK (dpa-AFX) – At the end of a sluggish week, the Dow Jones Industrial made up for the losses it had made over the course of Friday. Thanks to a final spurt, the leading index closed almost unchanged at minus 0.03 percent to 33,300.62 points. On a weekly basis, it lost 1.1 percent. The … Read more
NEW YORK (dpa-AFX) – The US stock markets rose on Friday thanks to the mostly positive quarterly reports from US companies. However, there were also some clear downward outliers in the individual values. Buying sentiment dampened concerns about inflation and the potential impact on regional banks following the collapse of Silicon Valley Bank. Officials at … Read more
ROUNDUP 2: Financial investor Silver Lake wants to take over Software AG – price jump DARMSTADT – US financial investor Silver Lake wants Software AG after investing a good year ago take over now. The Americans, who specialize in technology companies, are offering shareholders 30 euros per share, as they announced on Saturday night. Silver … Read more
NEW YORK (dpa-AFX) – The US stock markets presented little movement on Friday due to a lack of impulses. The Dow Jones Industrial gained 0.05 percent to 33,802.44 points, but is heading for a narrow weekly minus. For the market-wide S&P 500 was down 0.02 percent to 4128.86 points, while the tech-heavy select index Nasdaq … Read more