Siemens sees its business fall 20% in the April-June quarter, according to the company’s chief financial officer, according to Reuters’ Boersenzeitung

2020-07-04

  Reuters. Siemens AG’s headquarters can be seen in Munich FRANKFURT (Reuters) – German engineering firm Siemens (DE:) saw its contract volume increase by 20% in the three months to June and business in 2021 is expected to remain below 2019 levels, the financial director told the Boersenzeitung (BoeZ). RalfRead More →

The Dow tumbled more than 1,000 points and marked its third-worst point drop in history — here’s how the stock market tends to perform after big drops

2020-02-24

It finally happened. A bona fide selloff took hold Monday on Wall Street after investors spent weeks attempting to come to terms with the potential impact of the COVID-19 outbreak as it spreads in countries outside of China, notably Italy and Iran, threatening to dent global supply chains and economies.Read More →

European stocks drop for seventh time in nine sessions

2019-12-10

European stocks lost ground on Tuesday for the seventh time in nine sessions, with the perilous state of U.S.-China trade talks concerning traders. The Stoxx Europe 600 SXXP, -0.93%  skidded 1.14% to 401.77. The German DAX DAX, -1.21%  skidded 1.41% to 12920.77, the French CAC 40 PX1, -0.71%   declinedRead More →

Oil rises on inventory drop as traders await OPEC meeting

2019-12-04

Oil futures rose Wednesday, buoyed after industry data showed a large drop in U.S. crude oil inventories and as traders await a meeting of OPEC producers and their allies amid growing expectations for an agreement to extend and deepen output cuts. West Texas Intermediate crude for January delivery CLF20, +4.05%Read More →

Gold’s big drop is just the beginning of a longer slide

2019-09-06

Gold’s short-term direction is down, according to contrarian analysis. This forecast has nothing to do with Thursday’s big drop in bullion’s price. It instead traces to the gold timers’ recent jump onto the bullish bandwagon. From a contrarian perspective, of course, that means that the path of least resistance overRead More →