DAX:
- Delivery Hero (DHER TH) +3%
- Porsche SE (PAH3 TH) +2.1%
- Zalando (ZAL TH) +1.9%
- SAP (SAP TH) +1.9%
- Watch European Software Stocks as Oracle Jumps on Revenue Beat
- Infineon (IFX TH) +1.9%
- Airbus (AIR TH) +1%
- Adidas (ADS TH) +0.3%
- Adidas Cut to Hold at HSBC; PT 200 euros
MDAX:
- Evotec SE (EVT TH) +4.2%
- Evotec Enters Drug Discovery Pact With Janssen Pharmaceutica
- TeamViewer (TMV TH) +2.6%
- Thyssenkrupp (TKA TH) +2.4%
- Siltronic (WAF TH) +2.4%
- Rheinmetall (RHM TH) +2.3%
- Freenet (FNTN TH) +0.9%
- Aixtron (AIXA TH) +0.8%
SDAX:
- MorphoSys (MOR TH) +8.8%
- Pfizer Collaborates with MorphoSys, Incyte to Study
- About You (YOU TH) +3.2%
- LPKF (LPK TH) +3.1%
- flatexDEGIRO (FTK TH) +3%
- Heidelberger Druck (HDD TH) +2.6%
- Hornbach Holding (HBH TH) -6.8%
- Hornbach Holding Prelim 1Q Adjusted Ebit EU148.3M
iPhone 14 to get biggest front-facing camera upgrade in years as Apple sets its suppliers
Earlier this year, multiple reports suggested that Apple is working on major upgrades to the iPhone 14’s front-facing camera. Now analyst Ming-Chi Kuo has corroborated those rumors with new details about the suppliers Apple has chosen for the selfie camera components, which will get its biggest upgrade in years with iPhone 14.
As shared by the analyst in a blog post and also on Twitter, Apple has now set its suppliers for the new iPhone 14 front-facing camera.
Some of them are already Apple’s partners, such as Sony – which will continue to provide the camera sensors for the new iPhone. The lenses will be provided by Genius and Largan, while the new focus module comes from Alps and Luxshare.
However, when it comes to the front-facing camera module, Apple will have Cowell and, for the first time, the South Korean company LG Innotek as its partners. The partnership between Apple and LG Innotek had already been reported last month after the Cupertino-based company ruled out components from Chinese camera makers due to quality issues.
Based on Kuo’s report, iPhone 14 will represent Apple’s biggest front-facing smartphone camera upgrade in years. The analyst predicts that the new camera will feature autofocus, which should result in significantly better quality for capturing photos and videos compared to the current fixed focus camera.
Other upgrades include a six-part lens, versus the existing five-part lens. The iPhone 14’s front camera is also expected to have a larger f/1.9 aperture. For comparison, the iPhone’s front camera remains pretty much the same since iPhone 11, when Apple introduced a new 12-megapixel lens with f/2.2 aperture.
While the selfie camera improvements should be available for the entire iPhone 14 lineup, some of the upgrades will be restricted to the more expensive iPhone 14 Pro models. Previous reports have revealed that this year’s Pro models will get a new wide camera with a 48-megapixel sensor capable of shooting videos in 8K resolution.
Unfortunately, the entry-level iPhone 14 models are rumored to keep the same set of rear cameras with wide and ultra-wide lenses of 12 megapixels each. Of course, this doesn’t mean that other aspects of these lenses won’t be upgraded.
iPhone 14 will be available in four different versions, with two regular models and two Pro models. The mini-sized iPhone is expected to be discontinued and will make way for a new 6.7-inch iPhone 14 Max, while the Pro models will keep the same size as the current generation, but this time with a new display design that eliminates the notch.
9to5Mac has also heard from sources that some of the new iPhones will stick with the A15 Bionic chip from the iPhone 13, while others (presumably the iPhone 14 Pro models) will get the new A16 chip.
Apple is likely to announce the new iPhones in September.
>>> Up
* Alior Raised to Buy at Citi
* Avanza Rated New Underweight at Barclays; PT 195 kronor
* Avanza Rated New Underweight at Barclays; PT 195 kronor
* Close Brothers Raised to Outperform at RBC; PT 1,300 pence
* *ENAGAS RAISED TO HOLD VS SELL AT BERENBERG, PT EU22
* Go-Ahead PT Raised to 1,770 pence from 1,350 pence at Liberum
* Hannover Re Raised to Buy at HSBC; PT 173 euros
* Nokia Raised to Buy at Citi; PT 6.50 euros
* Rathbones Group Raised to Buy at Liberum; PT 2,320 pence
* RWE Raised to Add at AlphaValue/Baader
* Santander Bank Polska Raised to Buy at Citi
* Wizz Air Raised to Hold at HSBC; PT 2,200 pence
* Wizz Air Raised to Hold at HSBC; PT 2,200 pence
* Wizz Air Raised to Buy at Berenberg; PT 3,300 pence
>>> Down
>>> Down
* Adidas Cut to Hold at HSBC; PT 200 euros
* Apple PT Cut to $175 from $200 at Deutsche Bank
* Diploma Cut to Add at Peel Hunt; PT 3,850 pence
* Fabege Cut to Underweight at Barclays; PT 130 kronor
* HP Enterprise Cut to Hold at Deutsche Bank; PT $16
* HP Enterprise Cut to Hold at Deutsche Bank; PT $16
* Michelin Cut to Underweight at JPMorgan; PT 110 euros
* Omnicom Cut to Hold at Edward Jones
* Omnicom Cut to Hold at Edward Jones
* Phoenix Group Cut to Hold at Investec; PT 630 pence
* Scor Cut to Hold at HSBC; PT 27 euros
* Swiss Re Cut to Hold at HSBC; PT 90 Swiss francs
>>> Initiation
* Nordnet Rated New Overweight at Barclays; PT 180 kronor
>>> Initiation
* Nordnet Rated New Overweight at Barclays; PT 180 kronor
* ReNeuron Rated New Buy at Liberum; PT 80 pence
* YouGov Rated New Buy at Liberum; PT 1,500 pence
>>> Call
>>> Call
* Close Brothers Raised at RBC on Defensive Qualities, Valuation
* Enagas Raised to Hold at Berenberg on Hydrogen Development
* Morgan Stanley CEO James Gorman Sees 50% Recession Risk
* Morgan Stanley CEO James Gorman Sees 50% Recession Risk
* Nokia’s Better Fundamentals Underappreciated, Citi Raises to Buy
* Rathbones Raised to Buy With Growth Outlook Undervalued: Liberum
* JPMorgan Economists Now See Fed Hiking 75 Basis Points This Week
* Wacker Chemie Update Shows Continued Momentum: Morgan Stanley
* Wizz Air Upgraded to Buy at Berenberg on Long-Term Potential
Stocks sank deeper into a bear market Tuesday amid growing expectations of sharper Federal Reserve interest-rate hikes to fight inflation. An Asian share index fell over 1.5%, with bourses from Japan to China and Hong Kong in the red. But US and European futures pushed higher, hinting at some stabilization in sentiment after a three-day rout in the S&P 500 of nearly 9%. Shorter-maturity Treasuries dropped while longer tenors edged up following a rout Monday, deepening a yield curve inversion that underscores worries about an economic downturn sparked by tighter monetary policy. Australian and New Zealand debt retreated, while the Bank of Japan boostedbond-purchase operations to keep yields in check. The yen dipped and was near a 24-year low against the dollar. Traders now see about 200 basis points of tightening by the Fed’s September decision and the possibility of a 75 basis-point hike. They expect the overnight rate to peak at 4% by mid-2023. The dollar hovered near a two-year high. Speculative investments have suffered in the risk-asset selloff. Bitcoin slid as much as 10% to around $21,000 before paring a chunk of the retreat. The highest inflation in a generation, stoked by supply-chain and commodity-market disruptions amid China’s Covid struggles and the war in Ukraine, is roiling the outlook. The big question is how much the Fed and others will have to tighten financial conditions to quell price pressures, risking a recession. Bets on a 75 basis-point Fed move hardened following a Wall Street Journal report suggesting the larger increment was now in play. Some commentators even floated the idea of a 100 basis-point hike. In commodities, oil held above $120 a barrel as investors evaluated a tight supply outlook and the impact of China’s eventual return from virus curbs. US After Hours ORCL +14% rises on earnings/guidance while OM -24% falls on shipment hold for Tablo Hemodialysis System for home use device.
Nikkei -1,65% Hang Seng -0,39% CSI -1,06% Shanghai -0,66% Shenzen -1,56%
Eur$ 1,0424 CNH 6,7502 CNY 6,7351 JPY 134,50 GBP 1,2175 CHF 0,9957 RUB 57,4742 TRY 17,2753 WTI$ 120,75 Gold 1,824,81 BTC 21,890 -6% ETC 1,145 -9%
S&P +1,30% Nasdaq +1,66% EuroStoxx +1,08% FTSE +0,75% Dax +1,16% SMI
Macro :
- Hedge Fund BlueBay Is Shorting Japanese Bonds Until BOJ Breaks
- Activist Investors Pounce on Vulnerable British Blue-Chip Firms
- US Quietly Urges Russia Fertilizer Deals to Unlock Grain Trade
- US Quietly Urges Russia Fertilizer Deals to Unlock Grain Trade
- Morgan Stanley CEO James Gorman Sees 50% Recession Risk
- JPMorgan Economists Now See Fed Hiking 75 Basis Points This Week
- JPMorgan’s Marko Kolanovic Says US Will Avoid Recession
Keep an eye on :
Keep an eye on :
- AF FP : Air France-KLM Announces Success of EU2.26B Rights Issue
- AF FP : Air France-KLM Raises $2.4 Billion in Rights Issue to Cut Debt
- ATO FP : Atos to Exit Stake in Worldline Via Goldman Sachs: Terms
- ATO FP : Atos to Exit Stake in Worldline Via Goldman Sachs: Terms
- ATO FP : Atos CEO Belmer Could Step Down Soon Over Strategy: Les Echos
- ATO FP : Atos Studying Separation Into Two Publicly Listed Companies
- BATS LN : E-Cigarettes Becoming Enrolled in European Tobacco Regulation
- BT/ LN : Drahi Seen Unlikely to Bid for BT as Standstill Expires: Survey
- BT/A LN : BT’s Selley Says Brexit Is Slowing Superfast Broadband Plan: FT
- CNE LN : Capricorn Shareholders Could Hold Out on Tullow Merger: Panmure- DEMAND DC : Demant Buys Remaining Stake in ShengWang to Expand in China
- DUFN SW : Dufry Wins Four-Year Contract Extension at Kuwait Intl Airport
- ENX FP :Euronext Acquires Technology Businesses From Nexi
- EVT GY : Evotec Enters Drug Discovery Pact With Janssen Pharmaceutica
- FAST NA : Fastned Expects Operational Ebitda Margin to Exceed 40% by 2025
- FLU AV : Flughafen Wien Boosts FY Ebitda Forecast
- FRA GY : Fraport May Frankfurt Airport Passengers +267.4%
- GLEN LN : Glencore Gets Rich on Coal, But Questions Persist Over Exit Plan
- GOG LN : Kinetic Group to Buy Go-Ahead for ~GBP647.7M: M&A Snapshot
- GOG LN : Kelsian Assessing Whether to Make Offer for Go-Ahead Group
- HBH GY : Hornbach Holding Prelim 1Q Adjusted Ebit EU148.3M
- IBS PL : Ibersol Continues Talks on Offer for Its Burger King Restaurants
- IBS PL : Pret A Manger to Enter Spain, Portugal in Ibersol Partnership
- ISAT LN : SpaceX Asks US Regulator to Reject Viasat’s Deal for Inmarsat
- KESKOB FH : Kesko May Sales From Continuing Operations EU1.08B
- MEKO SS : Meko to Buy Koivunen for Enterprise Value of EU122m
- OR FP : Coty Maintains FY Adjusted EPS Forecast
- PHIA NA : Garmin: US Court Dismissed Philips Patent Lawsuit on June 8
- SPM IM : Saipem Signs MOU With Trevi for Foundation Drilling Solutions
- SAP GY : Watch European Software Stocks as Oracle Jumps on Revenue Beat
- SHEL LN : Shell Bids for Offshore Wind Sites in Polish Baltic Sea
- STLA IM : Stellantis to Withdraw From European Lobby as EV Pressure Mounts
- TSLA US : SpaceX $1.68 Billion Capital Raise Undershoots Financing Target
- TTE FP : TotalEnergies Buys 25% Into Adani Firm for Hydrogen Project
- URW NA : Unibail to Sell Almere Centrum in Netherlands for EU155m
- WCH GY : Wacker Chemie to Upward Revise FY View, Sees 2Q EBITDA EU600m
- WLN FP : Atos to Exit Stake in Worldline Via Goldman Sachs: Terms
- ZAL GY : Zalando has taken a majority stake in the high-end streetwear platform in a bet on the combined power of content and commerce.
- FHZN SW : Zurich Airport May Passengers 1.94M Vs. 450,500 Y/y
THIS SHOE IS A FAKE YEEZY": KANYE LASHES OUT AT ADIDAS
Earlier this year, Ye was the undisputed king of rambling Instagram call-outs, beefing with D.L. Hughley, Kid Cudi, Kim Kardashian and Pete Davidson until a brief Instagram ban lapsed him into months of silence. Long live the king, I guess, because Ye has spontaneously returned to Instagram to call out adidas, his longtime YEEZY partner, over... some slide sandals.
The $55 smash-hit Adilette 22 slide sandals (which sold out instantly upon their release in May) are "a fake YEEZY made by adidas themselves," according to the caption of Ye's June 13 Instagram post.
"I’m not standing for this blatant copying no more," continues Ye. "This is for everyone who wants to express themselves but feel they can’t cause they’ll loose [sic] their contract or be called crazy... These shoes represent the disrespect that people in power have to the talent."
Ye's $60 YEEZY Slide does, admittedly, bear at least some resemblance to the new adidas Adilette shoes, what with both of them being marginally beefy, earth-toned rubber slip-on sandals.
The funny thing, though, is that adidas oversaw the design and production of both shoes. And, not only that, but the YEEZY Slide is all slick chunk and treaded outsole, while the Adilette 22 sports layers of textural adifoam and a typically flat outsole.
Is it a reach? I'll leave that for the Yeezy Enjoyers to decide (also, what, no shade to every other injection-molded slide sandal-maker?).
Either way, though, Ye's bringing his displeasure to the top.
"Kasper come talk to me," ends Ye's caption, insinuating that adidas CEO Kasper Rørsted ought to come have a chat with Ye about the similarities between some slide sandals.
Then again, considering the undue hype around Ye's YEEZY line and the piles of cash that it's undoubtedly earned over the years, perhaps a quick consult may be worth Rørsted's time, especially if he wants to be gifted a Kanye McDonald's meal.
One has to wonder what the relationship between Ye and adidas is like these days, especially with his initial connection to the company, Jon Wexler, being long gone.
Ye has proven himself keen to bite the hand that feeds him, recently praising Nike and even wearing The Swoosh's sneakers even as new YEEZYs roll off adidas' production line.
Ye does do a little trolling but he also has historic precedent of publicly chafing with corporations (while simultaneously collaborating with others).
Back in 2020 (around the time he was randomly giving Nike props), Ye tweeted out his entire contract with Universal and a video of himself urinating on his Grammy award, a prelude to the wanton bluntness of Ye's 2022 Instagram feed.