News about Stock market
Negotiations between American cosmetics giant Estée Lauder and Spanish group Puig, which could have led to the creation of a luxury beauty holding company worth about $40 billion, broke down at the very last moment – after several months of almost finalized work on the deal.
On the COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in August are trading at $4,598.35 per troy ounce, up 0.92% at the time of this commentary.
European stock exchanges went up sharply after the news about a possible deal between the US and Iran. Investors hope that the conflict will be at least partially frozen, which means lower risks for the global economy and the oil market.
August futures for Brent crude oil were $94.7 per barrel – 5.4% cheaper than the previous day’s close, according to data from the London-based ICE exchange. The last time Brent fell below $95 per barrel on April 24. The cost of U.S. WTI crude oil, shipped in July, fell by 5.77% – to $90.83 per barrel.
Experts have analyzed the situation in the market and told how it may change in the coming week.
Zoom Video Communications has received about $1 billion in unrealized gains from an early investment in artificial intelligence developer Anthropic.
The state plans to sell almost a quarter of Aeroflot shares, Russia’s largest air carrier, on the market.
Over the past seven days, the prices of most of the largest cryptocurrencies showed positive dynamics despite the trend of the market leaders – bitcoin (BTC) and Ethereum (ETH), which fell by 4 and 6%, respectively. BTC is holding around $77.7 thousand, ETH – around $2.1 thousand. Against this background, some altcoins from the top 100 by capitalization showed double-digit growth, significantly outperforming the rest of the market.
DHL Group shares rose significantly on Friday, May 22, after Deutsche Bank sharply improved its assessment of the company from “hold” to “buy” and raised its target price from 48 euros to 56 euros. At the trades, the securities added 3.6%.
The European film industry has joined the fight against one of the biggest media deals of recent years. Industry representatives called on the European Union to scrutinize the possible merger of Warner Bros. Discovery and Paramount Skydance, fearing that the new media giant would increase Hollywood’s influence on the European market.
On May 21, the price of the first cryptocurrency fell below $78,000. The market was pressured by the continued outflow from bitcoin-ETFs and low demand on the spot market.
US aerospace company SpaceX has filed for an initial public offering (IPO), according to a registration form in the US Securities and Exchange Commission database.
Since the beginning of the month, the price of the first cryptocurrency has fallen 6% after testing the 200-day moving average around $82,000. Analysts at K33 Research believe that the February low at $60,000 will remain the low point of the current cycle.
The Proprietatea Foundation contributes capital of more than 10 million euros to the National Company “Constanta Seaport Administration” from its own funds.
The national electricity transmission system operator, SE Moldelectrica, will be reorganized into a joint stock company with fully state capital.
Crypto exchanges allow speculating on shares of companies that have not yet gone public. Trading interest in such instruments already amounts to hundreds of millions of dollars
German sandal maker Birkenstock is rapidly losing the “new luxury” halo that helped the company pull off one of the most talked-about IPOs of recent years. While in 2023 investors saw the brand as a future competitor to major luxury industry players, today the market increasingly views Birkenstock as a high-quality but niche footwear business with limited growth potential.
The conflict in the Middle East, now in its 11th week, has led to the closure of a crucial shipping channel and a spike in energy prices.
China and the US announced the biggest aircraft deal of recent years: Beijing agreed to buy airplanes from Boeing after negotiations between Donald Trump and Xi Jinping. But instead of the expected surge, shares of the American aircraft manufacturer went down sharply – investors considered the contract too modest.
A major analytics company spoke about the reasons for bitcoin’s rise in mid-May, as well as the factors holding back further growth
