Recruiter BÖRSEN-TICKER STThree in growth by numbers | 06/20/22

Then a stock ticker appears informing about important price movements in international financial markets and their reasons:

16:53 – Good forecasts help SThree share its biggest leap in almost five months. Recruiter shares rose nearly ten percent to 349.5p in London. The company announced full-year profits at least five percent above market expectations. In addition, a 35% increase in the order book in the second quarter is encouraging, praised Sanjay Vidyarthi analyst of Liberum investment bank. He trusts SThree on long-term structural growth and therefore raises its target price to 375 from 635p.

4:48 PM – The planned merger with competitive Sitel brings Majorel the biggest leap in the company’s history. Shares of the call center operator in Amsterdam increased by as much as 22.5 percent. up to 31.25 euros.

14:46 – The acquisition encourages investors to invest in Jyske Bank. In Copenhagen, the stock is driven by the highest daily profit in the company’s history, sometimes up to 17.2%. Kasa takes over the Danish business of the Swedish rival HandelsbankenSHBa.ST for the equivalent of EUR 403 million. One of the positive things is that Jyske will not issue new shares, despite concerns about financing the transaction, analyst Per Hansen of the Nordnet brokerage said.

14.40 – Cutting full-year targets will bring the Ranking the biggest price drop since the stock market crash in March 2020. The share of the gambling provider in London is down around 18 percent, and at 81.1p it is as cheap as it was almost two and a half years ago. The company only expects an operating profit of 47 instead of 55 to 64 million euros.

11:04 a.m. – Euromoney Institutional Investor sets off price fireworks on the London Stock Exchange. Shares of the business publisher rose by around 29 percent after the company announced it had received a possible cash offer of around £ 1.60 billion (€ 1.86 billion) from the syndicate. According to Euromoney, a consortium that includes Astorg Asset Management and Epiris LLP is expected to offer £ 14.61 per share. One is in talks with the group, Euromoney said. The consortium now has until July 18 to submit a formal bid.

9.40 a.m. – Fears of a serious economic slowdown are driving copper prices down. Industrial metal loses 1.1 percent to $ 8,865 a ton, making it as cheap as it was nine months ago. Investors fear that the US Federal Reserve, in its fight against inflation, may raise interest rates too much and thus harm the economy. Worries about the Chinese economy also weigh on the sentiment: according to analysts from the finance house ANZ, renewed outbursts of the koruna fueled doubts about the recovery of the Chinese economy after the blockades. Concerns about the economy are also present in the oil market. After initial spikes, North Sea Brent crude oil fell 0.2 percent to $ 112.87 a barrel, and prices fell more than five percent on Friday.

9:25 a.m. – Concerns about a recession are making ThyssenKrupp hard, according to stockbrokers. Shares in MDax fell as much as 5.4 percent to EUR 6.58, the lowest level since mid-December 2020.

7:25 a.m. – Cryptocurrency market sentiment remains uncertain. At the beginning of the week, Bitcoin lost even 5.1%. up to $ 19,586. Over the weekend, the oldest and most famous cyber currency dropped to its lowest level since December 2020, at $ 17,588. Ethereum also fell again. Bitcoin has lost 59 percent and Ethereum has lost around 70 percent since the start of the year. Concerns about the interest rate and inflation are currently affecting cryptocurrencies. Celsius, the provider of cryptocurrency loans, has raised additional concerns. The situation remains tense, says Timo Emden of Emden Research. “Investors are concerned that the end of the road may not be reached yet.”


Leave a Comment