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SAP announced it was going all in on cloud and dropped its mid-term margin targets. Its shares opened nearly 20% lower in Frankfurt, wiping about $35 billion off its market value in the biggest one-day drop in 24 years.
This is a corporate strategy and equity story with no direct link to feed commodity supply, demand or prices. It is market news only.
reuters.comDouglas BusvineOct 26, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
