Economy on 10.03.2023...
What's going on again? US banks under pressure? ⤵️
What went off there again after the stock exchange opened in the USA. SVB Finance Group was suspended from trading and stood with further under -50% in the feed. Even the CEO had to intervene and call the VC investors. Capital increase, missed numbers and forecast reduction, led to this selling pressure. This has weighed heavily on the banking sector. JPM, BoA and WF were all down -5% in the juice. But there were many more flashpoints. Biden announced the budget and plans to tax the "rich", Credit Suisse postponed numbers despite "late call" from the SEC, and so on.
The real estate sector in Germany has suffered, due to the fact that Vonovia is currently in a lawsuit, LEG sharply reduced the dividend.
Also in the crypto sector it goes on again with Silvergate. they stop the operation. But everything will run normally here. Everything runs secured but still times again in the sector, there is negative news and these press on the market.
Therefore, yesterday the indices and the risk assets have been somewhat under fire. Since I have already bled properly. I'm curious to see how we end this week today. This week was just too much going on. Interest rates and so on...
Let's look at the day. Today, there are still many data from the U.S.
Economic data
08:00
- DE: Consumer prices (final) February PROGNOSE: +0.8% yoy/+8.7% yoy provisional: +0.8% yoy/+8.7% yoy previous: +1.0% yoy/+8.7% yoy HICP PROGNOSE: +1.0% yoy/+9.3% yoy provisional: +1.0% yoy/+9.3% yoy previous: +0.5% yoy/+9.2% yoy
- DE: Building permits December and year 2022
- DE: Domestic tourism January
- UK: GDP January PROGNOSIS: +0.3% yoy previously: -0.5% yoy Three-month rate PROGNOSIS: n/a previously: -0.3% yoy
- UK: Trade Balance January PROGNOSIS: GBP -17.5 billion previous: GBP -19.3 billion
- UK: Industrial production January PROGNOSIS: -0.3% yoy/-4.3% yoy previous: +0.3% yoy/-4.0% yoy
11:00
- DE: ECB Director Panetta, speech at meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures
11:30
- DE: Government-PK
14:30
- US: Labor Market Data February Employment ex Agriculture PROGNOSE: +225,000 yoy previous: +517,000 yoy Unemployment rate PROGNOSE: 3.4% previous: 3.4% Average hourly earnings PROGNOSE: +0.4% yoy/+4.8% yoy previous: +0.3% yoy/+4.4% yoy
15:00
- US: Treasury Secretary Yellen's hearing on the 2024 federal budget.
16:00
- DE: Chancellor Scholz, ECB President Lagarde, talks, Berlin.
Untimed:
- EU: rating review for Belgium (Fitch); Iceland (Fitch); Montenegro (Moody's); Norway (S&P); Portugal (S&P); Serbia (Moody's); Ukraine (S&P); Cyprus (Fitch).
Quarterly figures / Corporate dates Europe
07:30 Daimler Truck Annual Results
10:00 MVV Energie AGM
#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#vonovia
#legimmobilien
#fed
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#svbfinancegroup
#jpmorgan
#bankofamerica
#wellsfargo
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