Three quarters of an hour before trading began, broker IG estimated that the Dow Jones Industrial was 0.3 percent lower at 43,604 points. This represents a weekly loss of almost one percent for the main US index. IG sees the technology-heavy Nasdaq 100 down 0.9 percent on Friday at 20,709 points. This would result in … Read more
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
ROUNDUP: BASF boss changes in troubled times: Kamieth moves to the top LUDWIGSHAFEN – The world’s largest chemical company BASF is getting new management: Asia boss Markus Kamieth (53) will replace long-time group leader Martin Brudermüller after the general meeting of the Ludwigshafen Dax group in April 2024. The 62-year-old’s farewell had been planned for … 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
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) – Lingering disappointment over future monetary policy continued to weigh on US stock prices on Friday. Prospects for further gains towards the end of the year are dwindling after major central banks dashed hopes interest rate hikes would soon end, analyst Craig Erlam of broker Oanda commented. Weaker-than-expected purchasing managers’ indices for … Read more
NEW YORK (dpa-AFX) – Softer than hoped for US inflation data was very well received by investors ahead of the market on Tuesday. The indication of the IG broker for the Dow Jones Industrial it rose to 34,943 points three quarters of an hour before trading began. The main US index is therefore expected to … Read more