Overview of TOP weekly news 27.10. 2021

27 / 10 / 2021
Trading is risky and your entire investment may be at risk

Tesla’s value has risen to a record high

Musk’s electric car producer exceeded all expectations. In the third quarter, it reported sales of $ 3.11 billion in the Chinese market. The value of the company’s shares rose to a record high and the shares were also affected by the announcement by Hertz. Company plans to buy 100,000 cars from Tesla by the end of next year. Compared to last year, the share of total sales in China increased by 20%. The market capitalization reached $ 1 trillion.*

Tesla’s performance over 5 years. (Source: Investing.com)*

More vaccines will go to Africa

The African Union has announced plans to purchase up to 110 million doses of COVID-19 vaccine from Moderna. The delivery was made under an agreement with the United States that postponed the delivery of certain batches destined for the United States. The AU envoy for the coronavirus Strive Masiyiwa has also called on other vaccine-producing countries to follow example of giving access to vaccines. With the exception of the agreement with J&J, the African Union did not have access to purchase vaccines.

Global supply shortage

Behind declining profits, companies see supply chain failures. Swedish company Electrolux is worried and warns of deteriorating global supply chain problems. Lack of parts slowed her profits and they declined. The operating profit of the Swedish company Electrolux fell to 1.64 billion Swedish crowns ($ 191.3 million) from 3.22 billion a year ago. The appliance manufacturer expects limited availability of certain product categories.

Beer sales are declining

Heineken reported a decrease in sales volumes in Vietnam. The country is one of the three largest markets. Behind the sharp decline in beer sales are restrictions due to the coronavirus pandemic. Brewing giant Heineken sold 5.1% less beer than the year before. Total sales in Asia Pacific fell by 37.4%. This is due to measures against the pandemic that hit Cambodia, Indonesia, Vietnam and Malaysia. Vietnam suffered a record decline in the third quarter.

Watch this week:

On Thursday, will be announced Euro Zone Deposit Facility Rate which banks may use to make overnight deposits with the Eurosystem.

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


* Past performance is no guarantee of future results

Disclaimer: The content of the Reports constitutes Marketing Communication and does not constitute Investment Advice or Investment Research or an offer for any transactions in financial instrument. The content of the Reports represents the view of our experts on a generic basis, and does not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the Reports have not been prepared in accordance with legal requirements designed to promote the independence of Investment Research, and are not subject to any prohibition on dealing ahead of the dissemination of Investment Research. Readers using the Reports should consider the possibility of encountering substantial losses. The past performance is not a guarantee of future results. Therefore, Goldenburg Group Limited shall not accept any responsibility for any losses of traders due to the use and the content of its Reports.