MOSCOW, MAY 22, ARMENPRESS. European main indexes values for 21 May:
The value of German DAX up by 0.44% to 15437.51 points, French CAC 40 up by 0.68% to 6386.41 points, British FTSE down by 0.02% to 7018.05 points, and Russian RTSI up by 0.69% to 1569.55 points.
The German Stock Index is a total return index of 30 selected German blue chip stocks traded on the Frankfurt Stock Exchange. The equities use free float shares in the index calculation. The DAX has a base value of 1,000 as of December 31, 1987. As of June 18, 1999 only XETRA equity prices are used to calculate all DAX indices.
The CAC 40 (Cotation Assistée en Continu) is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Euronext Paris (formerly the Paris Bourse).
European Stocks - 21-05-21 armenpress.am - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from armenpress.am Daily Mail and Mail on Sunday newspapers.
By Aidan Gregory
11.00 AM
hGears, the German maker of precision gears for e-mobility, kept its head above water in trading on Friday after the company’s €173m IPO on the Frankfurt Stock Exchange, against extremely difficult market conditions.
The stock opened at €27.50, up 5.7% from the €26 offer price. By the early afternoon, the shares were stable at around €26.40. At the initial offer price, hGears achieved an initial valuation of €270m, around 10 times its 2021 Ebitda. The IPO was more than three
. Already a subscriber? Login
This week, we chase storm clouds gathering for electric pickup trucks not wearing a Ford blue oval, speculate on who a big customer at Plus might be and .
Truck Talk: Electrical storm edition
Storm clouds for electric pickups not badged Ford and a Plus-sized mystery customer
0 43 5 minutes read
This week, we chase storm clouds gathering for electric pickup trucks not wearing a Ford blue oval, speculate on who a big customer at Plus might be and review how Daimler Truck is setting the stage for its independence.
Storm clouds for electric pickups
Now that Ford Motor Co.(NYSE: F) has revealed the F150 Lightning electric truck, it is or should be panic time for startups eyeing the battery-powered commercial pickup segment.
At the top of the list, with arguably the most to lose, is Lordstown Motors Corp. (NASDAQ: RIDE). The de-SPACed startup plans to start building Class 1 electric pickups at a former General Motors plant late this fall.