Frankfurt, December 9 – The stock ticker follows major price movements in international financial markets and their causes:
6:40 p.m. – Analyst praise for the new ad-supported subscription on netflix pushes the stock to an eight-month high. The US streaming service jumped 5.5% to $327.42. “After a decline in subscribers and growth in revenue, Netflix is now using all the arrows in its quiver,” write experts from the American bank Wells Fargo. Netflix, after much hesitation, is offering an ad-supported subscription with lower monthly fees starting in early November. It also introduces fees for customers who want to share their Netflix subscription with people outside their own household.
5:40 p.m. – Investors seek quarterly stock figures for US software company DocuSign at. The papers of the digital signature specialist jumped 13.9% to 9.83 dollars. The company reported quarterly sales above analysts’ expectations after the market closed on Thursday. Experts at US investment bank Piper write that there are “signs of stabilization” at DocuSign.
2:50 p.m. – A downgrade in the rating of the American investment bank JP Morgan (JPM) sends world line on the descent. The French payment processor’s papers fell as much as 5.4% to 40.41 euros, putting them last in the Parisian CAC 40.FCHI index. JPM analysts upgraded the shares to Neutral from a previously overweight position. The group will therefore find it difficult to maintain the double-digit growth of its dealer services division in 2023. The reason for this is, among other things, the economic slowdown in Germany, Worldline’s largest market.
10:20 a.m. – Unicredit move to the top of the Milan index winners with an increase of 1.5% to 12.73 euros. Analysts at investment bank Jefferies see reason for optimism after a series of meetings between management and investors in New York and Boston last week. The bank’s management was crystal clear on cost and capital efficiency and had a “confident message to achieve performance and commission targets”.
09:50 – It quickly plummets after takeover fantasies burst Pendragon. Shares of Britain’s second-biggest car dealer fell more than 28% to 20.30 pence and are heading for their biggest one-day loss in fourteen years. The group of car dealers Hedin Mobility, present throughout Europe, has given up its plan to take over the British company completely at a price of 29 pence per share. The major shareholder, who already owns about 28% of Pendragon shares, cited the difficult market environment and uncertain economic outlook as reasons.
9:30 a.m. – Worries about demand and price-supporting speculation of a supply shortage are currently in balance in oil markets. North Sea Brent crude and US light oil WTI are each up 0.2% at $76.21 and $71.55 a barrel. On a weekly basis, contracts are heading lower as gloomy economic growth prospects weigh on the world.
Major price movements of December 9, 2022
Photo symbol: Image by geralt on Pixabay
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