Interest rates will fall much more slowly + Bitcoin continues to weaken + Online pharmacy Redcare grows strongly in 2024 as expected
The latest FOMC minutes suggest that it is time to slow down the pace of interest rate cuts. The FED emphasizes that the high uncertainty requires a gradual approach and there is a risk of persistently high inflation, while trade and immigration shifts may affect the slowdown in disinflation.
Bitcoin $BTC (+0.59%)continues to weaken
- Bitcoin continued to weaken in early trading on Thursday, falling back to levels seen at the end of 2024.
- The oldest and best-known cryptocurrency cost around 94,200 dollars on the Bitstamp trading platform in the morning.
- Bitcoin thus extended its recent losses.
- At the beginning of the week, one Bitcoin still cost almost 103,000 dollars.
- Sharp price fluctuations are quite normal for Bitcoin.
- In the past two years, the value has increased significantly.
- Investors on the crypto market are eagerly awaiting the inauguration of Donald Trump on January 20.
- Bitcoin supporters are hoping for the introduction of a strategic Bitcoin reserve and a relaxation of regulations.
- Trump's re-election was one of the reasons for Bitcoin's surge last year, with the price climbing to more than 108,000 dollars in mid-December.
Online pharmacy Redcare $RDC (+3.75%)grows strongly in 2024 as expected
- The online pharmacy Redcare Pharmacy (formerly Shop Apotheke) benefited greatly from growth with electronic prescriptions in Germany in 2024.
- Last year, turnover increased by 32 percent to 2.4 billion euros compared to 2023, as the MDax-listed company surprisingly announced in Sevenum on Thursday.
- Growth was broadly in line with analysts' expectations.
- Sales of prescription drugs increased by 64 percent to 749 million euros.
- In Germany, this area has been growing particularly since the middle of the year.
- Over the year as a whole, sales of prescription medicines in Germany increased by 69 percent to 254 million euros, with growth accelerating significantly over the course of the year. In the fourth quarter, it amounted to 142 percent.
Thursday: Stock market dates, economic data, quarterly figures
US stock markets remain closed on the occasion of the National Day of Mourning in honor of former US President Carter
- ex-dividend of individual stocks
- Mastercard Registered USD 0.76
- Quarterly figures / company dates USA / Asia
- 13:00 Walgreens Boots Alliance Quarterly figures
- Quarterly figures / company dates Europea
- 06:00 Sika AG Annual sales
- 07:30 About You quarterly figures
- 08:15 Traton Pre-Close Call Q4
- 09:00 Munich Re Natural Catastrophe Report 2024
- 17:45 Airbus incoming orders and deliveries of commercial aircraft 2024
- 18:30 Airbus PK
- Economic data
08:00 DE: Trade balance November trade balance calendar and seasonally adjusted FORECAST: +15.6 bn euros previously: +13.4 bn euros Exports FORECAST: +2.0% yoy previously: -2.8% yoy Imports FORECAST: +0.8% yoy previously: -0.1% yoy
08:00 DE: Production in the manufacturing sector November seasonally adjusted PROGNOSE: +0.5% yoy previous: -1.0% yoy
11:00 EU: Retail Sales November Eurozone PROGNOSE: +0.3% yoy previous: -0.5% yoy
