Overview of Top weekly news 26.1. 2022

26 / 01 / 2022
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Resumption of chip production

The weather also affects the production of key components. It was in Japan that a strong earthquake hit the production over the weekend. However, Toshiba announced in the middle of the week that it had partially resumed production at the semiconductor plant in Oita in southern Japan, which was halted after a strong earthquake struck the area over the weekend. The factory supplies chips mainly to car manufacturers and industrial machine manufacturers.

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Performance Toshiba Corp. over for 5 years. (Source: Investing.com)

Bentley prefers electrification

In the following years, Bentley Motors announced a plan to spend £ 2.5 billion on electromobility. By about 2030, it wants to become a electric luxury brand. The investment will go to the research, development and modernization of Bentley Motors Limited’s production center on the outskirts of Crewe in Cheshire, England. The Crewe site is the only Bentley assembly plant in the world.

The European currency is threatened by the conflict

The euro came close to the monthly low against the dollar and the yen.* Concerns about the impending military conflict in Ukraine are mainly responsible for the decline. Another concern is the upcoming meeting, the Federal Reserve System, which could herald an accelerated tightening of monetary policy. The West has begun accelerating preparations for a possible Russian military operation in Ukraine, and Russia has remained concerned about putting 8,500 US troops on alert to deploy to Europe in the event of an escalation.

Microsoft exceeded expectations

 

Technology giant Microsoft reported more positive profits and revenues than expected in the second fiscal quarter. After announcing the results, they added stockpiles. The sales forecast, which also exceeded estimates, also helped the company’s stock growth. The company’s gaming business is the biggest focus after Microsoft announced that it would buy Activision Blizzard for $ 68.7 billion.[1]

Watch this week:

On Thursday, U.S. Core Durable Goods Orders MoM will be published.

On Friday, Germany Gross Domestic Product (GDP) QoQ will be announced.

* Past performance is no guarantee of future results.

[1] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing of future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.

 

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