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Deutsche Bank: Raised Teslas (TSLA.O) target price from $370 to $420.The Central Bank of Moldova raised its key interest rate to 5.6% from 3.6%.On January 10, Warren Patterson, head of commodity strategy at ING Bank, and Ewa Manthey, commodity strategist, said that the colder weather in parts of the northern hemisphere may stimulate oil demand, so market sentiment remains optimistic. Despite the strengthening of the US dollar and high US Treasury yields, the oil market continues its rally in 2025. The weakening of European currencies against the US dollar usually leads to a decline in oil demand. However, as the macroeconomic environment looks less favorable, market participants are increasing their investment in crude oil and other commodities. "Investors are turning to tangible assets to hedge against ongoing inflation risks and growing fiscal debt concerns, as well as the risk of tariffs disrupting normal trade dynamics," said the Saxo Bank strategy team in the report. "The current strength of crude oil may be the true face of the supply and demand balance in the global oil market, not just a flash in the pan," said Bjarne Schieldrop, chief commodity analyst at Swedens Nordic Bank.Deutsche Bank: Raised Teslas (TSLA.O) target price from $370 to $420.1. The laws of the market will never change, but some objective social, economic and financial environments will change. Technical analysis, fundamental analysis and market psychology are equivalent to what we traditionally call "the right time, the right place and the right people". 2. Investment and trading, like marching and fighting, requires overall planning. Mencius said: "The right time is not as good as the right place, and the right place is not as good as the right people", which is also my overall understanding of trading, and also explains why behavioral finance is so important in the trading process. 3. In the process of trading, taking advantage of "human weakness", that is, herd mentality, will make the trend grow without limit. We must seize this irrational opportunity. 4. A great advantage of medium and long-term trading is that the transaction cost is very low and the strategy is not easy to fail. Behavioral finance believes that people are emotional and irrational, prices will be wrong for a long time, and prices will deviate from value. Based on this assumption, trend trading can be done. 5. Trading strategy is not the core of profit, but trading ideas are. In recent years, there has been relatively little research on some economic and financial theories. In my spare time, I read Sun Tzus Art of War and business books, and think more about some strategic issues and future social development issues to see if I can make another breakthrough.

Voestalpine in Advanced Discussions to Sell a Majority Share in a Texas Factory

Haiden Holmes

Apr 11, 2022 10:06

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The company said that negotiations were advanced, but declined to disclose a possible selling price.


Voestalpine announced intentions to spend 550 million euros in Corpus Christi in 2013 to build a state-of-the-art factory.


The $1 billion factory near Corpus Christi began operations in October 2016 with an annual capacity of 2 million tonnes of high-quality hot briquetted iron, or sponge iron, a precursor material used in the manufacturing of steel.


The factory, however, has subsequently encountered problems ranging from construction delays to cost overruns of more than a billion dollars, as well as a hostile market environment in the wake of the COVID-19 outbreak.


Following write-offs, Chief Financial Officer Robert Ottel said in November 2020 that the Texas business was worth 448 million euros.


Voestalpine recorded a 163 million euro impairment loss on its Texas operations for the 2020-21 fiscal year, as the company faced "much weaker" demand.


However, the Texas factory benefitted from "strong demand for steel in North America" during the first three quarters of its current fiscal year 2021-22, the Austrian business said in February, when it anticipated full-year profitability throughout the group at the higher half of its prediction.

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