Morning FuW report of July 11, 2022 | finance and economy


Asia / Pacific

On Monday, the Asia-Pacific stock exchanges started trading mostly with losses. Japan stands out, where the ruling LDP party of former prime minister Shinzo Abe gained an absolute majority without a coalition partner. Abe was murdered last week.

Japanese Nike 225 up to 1.3%, also wider Topix progress 1.5% before. FROM hang a dream Hong Kong, on the other hand, lost 2.8%, China’s leading index CSI 300 falls a drop of 1.7% in late trade and Shanghai composite fell by 1.3%. South Korea Kospi yields 0.1% and Australian ASX 200 decreases by 1.0%.

FROM The contract of the future on S&P 500 on Monday morning it was down 0.6% on US tech equities Nasdaq is reduced by 1%. on Euro Stoxx 50 the future tends to decline by 0.9% compared to Germany dax that is -1%. To the Swiss SMI the contract is -0.7% below Friday’s close.

United States

Wall Street ended Friday’s trade with a slight change from the previous day with no clear direction. Standard stock in Dow Jones Industrial overturned 0.2% on day 31338 Steering. Wider S&P 500 went with the downside 0.1% to 3899 Counters from trade. This technologically advanced Nasdaq 100 switched 0.1% on 12126 Steering.

articles from Twitter lost 5.1%. The Washington Post report already hinted at what became clear after the market closed: Tesla founder Elon Musk is trying to end a $ 44 billion contract to buy Twitter. He claims the company misrepresented user data, paving the way for a long court battle. Actions Tesla increased by 2.5%. Appleshares gained 0.5% o Microsoft he resigned 0.3%. Down Amazon fell by 0.7%.

News Pre-Exchange Switzerland

Dufry: Dufry’s tourist shop (DUFN 31.65 -2.38%) and the Italian car service network Autogrill (OUL 6.23 -1.17%) officially decided to merge. The majority shareholder behind Autogrill, Edizione SpA, intends to transfer its entire stake of 50.3% of the share capital to Dufry. As a result of the transaction, Edizione will become Dufra’s largest shareholder with a share of 20-25%. The mandatory takeover bid now applies to Autogrill shareholders. The exchange parity is 0.158 new Dufra shares per one Autogrill share certificate. Dufry itself also expects a significant increase in sales by + 145% in the first half of the year. Even the 2019 result has already been surpassed in some regions as announced at the same time.

UBS: UBS manager Iqbal Khan could become head of wealth management at a major Swiss bank, according to a report by Bloomberg news agency. The current division chief, Tom Naratil, should act as America’s chief, according to Sunday’s report. Khan, 46, would be considered a potential successor to CEO Ralph Hamers after taking the helm of wealth management. However, according to the report, there are no signs of an immediate replacement for Hamers. The Dutchman Hamers took office only in the fall of 2020.

ZGKB: Bank of the Canton of Zug (ZUG 6’960.00 -0.85%) earned much more in the first half of 2022. The bank increased its operating income by 11.2% to CHF 61.2 million, however, thanks to the new allocation of provisions from the beginning of the year, the result benefited from the strong base effect. Gross income from purely interest activities increased by 3.2% to CHF 77 million. Commission and service activities increased by 10.7% to CHF 33.7 million. At the same time, the bank warns of a difficult second half of the year due to the economic and political environment.

DKSH: DKSH Outsourcing Specialist (DKSH 81.80 + 0.49%) decided to cooperate in Southeast Asia with the British specialist pharmaceutical company Pharmanovia. The cooperation covers the countries of Laos, Cambodia, Burma, Hong Kong, Singapore, Taiwan, Malaysia and the Philippines. DKSH will support Pharmanovia in product sales and marketing in the relevant markets.

House of talent: Technology platform of the Talenthouse company (THAG 0.1810 + 0.00%) chose the audit firm PwC as a new auditor for the financial year 2021/2022 at an extraordinary general meeting last Friday. In March, the Management Board of Talenthouse decided to extend the current financial year until the end of December.

Prospects – the most important macro indicators of the week

More information about the business cycle in Eurozone will be an important German ZEW indicator on economic sentiment on Tuesday. Inflation rates for June will be announced by Germany, France and other euro zone countries on Wednesday. In addition, an increase in industrial production in the euro area is published. On Friday, foreign trade statistics for the euro zone will be released.

in Switzerland the development of import and producer prices will be published on Thursday.

In Great Britain official GDP growth for the month of May will be made public on Wednesday. On the same day, May data on industrial production, foreign trade and construction activity are published.

in United States On Wednesday, we will see data on changes in crude oil inventories, and we will also see inflation for June. Producer prices and Initial Jobless Claims will increase on Thursday. Data on retail sales, import and export prices and industrial production are scheduled for Friday. In addition, the Michigan index will provide a picture of consumer sentiment, while the NY Empire State Index will reflect the state of industry in New York State.

In Canada A decision on interest rates by the Bank of Canada is scheduled for Wednesday.

In Japan will be informed on Monday about incoming orders from machine builders. The Tankan economic sentiment index will go down on Wednesday. Data on industrial production for May will be released on Thursday.

In China the publication of foreign trade statistics is scheduled for Wednesday. On Friday, we will see data on the official GDP growth, industrial production, house prices, retail sales and investments.

Leave a Comment