News

This decline is not due to an increase in the number of employees being laid off, but because employers are hesitant in filling vacant positions and hiring new staff. Since 2014, the proportion of industry in the overall German labor market has dropped from 22% to 19%, intensifying the debate about Germany's "deindustrialization." The study notes that the wage advantage of industrial enterprises over other sectors has roughly halved in the past 10 years, reducing their appeal to employees.

```htmlGolden Ten Data, June 18｜Lorraine Tan, Director of Morningstar Equity Research (Asia), expects that as the US market declines, Asian markets will react negatively to the Federal Reserve's decision to keep rates unchanged overnight. Overall, since this is the first policy decision since Walsh took office as the new Chair, the rate decision itself is not surprising. Although the decision was unanimously approved, the brief statement provided almost no forward guidance, which creates a certain degree of uncertainty. As a result, the market sees a higher chance of rate hikes in the coming months than pauses. If the yield on short-term US Treasury bonds continues to rise due to this expectation, it could further dampen market sentiment.```

Glonghui, June 18 – Berenberg has cut Cognizant’s target price from $81 to $59 and downgraded its rating from "Buy" to "Hold". (Glonghui)