Markets Await Key Events as Redcare Pharmacy CFO Resigns
Markets are subdued today, awaiting key events. Redcare Pharmacy shares are under scrutiny after the sudden resignation of CFO Jasper Eenhorst, nearing a 52-week low. Meanwhile, the DAX hovers, with investors cautious about a potential US shutdown and the upcoming earnings season.
Gold prices soared to a new record high of $3,867 per ounce, up around 47% year-to-date. This surge comes amid global economic uncertainty. In contrast, silver is approaching its historic highs, currently trading at around $47 per ounce.
European defense stocks remain robust, with Renk and Hensoldt among the top gainers on the German stock exchange. However, Heidelberg Materials has taken a hit, following downgrades by Jefferies and JPMorgan. The DAX awaits impulses, expected from the Q3 earnings season commencing mid-October.
Redcare Pharmacy shares are in focus due to the unexpected resignation of CFO Jasper Eenhorst, threatening to fall to a new 52-week low. The DAX is stable but cautious, with market participants awaiting the US shutdown outcome and the upcoming earnings season for direction.
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