As every Sunday, the most important news of the last week, as well as the most important dates of the coming week.
Also as video:
https://youtube.com/shorts/qLbcyzKvS0k?si=vt2jUcG9x5NXRrh-
Monday:
After U.S. bonds scratched the 5% mark last week, the mark has now actually been briefly torn, putting further pressure on the markets. The last time the U.S. paid such high bond yields for 10-year government bonds was in 2007.
Consumer sentiment in the euro zone deteriorated further to -17.9 points. However, a decline to -18.2 was expected. This is the third month in a row with a decline in consumer sentiment.
At $VAR1 (-0.72%) Varta, short sellers are probably closing out their first positions. As a result, the share rises, because Varta shares must be bought to close positions of short sellers. Reason for the abandonment of short selling are rumors about an Apple order.
First promising study results of the cancer vaccine CARVac from $BNTX (-3.32%) Biontech. Vaccination with mRNA technology stopped 95% of tumors, in some cases even shrinking them (in 30%). Two patients (out of 44) experienced side effects, in one case life-threatening. The stock reacted positively.
Tuesday:
$PUM (+0.04%) Puma continues to grow, but at a slower pace. In the third quarter, revenues increased by six percent to EUR 2.3 billion after adjusting for foreign exchange. By contrast, operating profit fell by 8% to EUR 236 million.
The S&P Global purchasing managers' index continued to fall. In October, it fell by 0.6 points to 45.8. Above a threshold of 50 points, the barometer signals growth.
$MMM (+0.41%) 3M exceeds expectations. Earnings were $2.68 per share in the latest quarter, compared with expectations of $2.34. After the good figures, the forecast was increased. In particular, the cash flow is convincing.
https://www.onvista.de/news/2023/10-24-3m-prognoseerhoehung-endet-die-talfahrt-der-aktie-21-26190905
Both $MSFT (+1.09%) Microsoft and $GOOGL (+0.99%) Alphabet show double-digit growth. Microsoft increased quarterly revenue by 13% to $56 billion, Alphabet by 11% to $77 billion. Both Microsoft and Alphabet exceeded expectations in most figures. However, Alphabet's important cloud business performed worse than expected.
Wednesday:
The $DBK (+1.72%) Deutsche Bank earned less than in the same quarter last year, but more than expected. Between July and September, the profit was EUR 1.03 billion. Also positive is the continuity, for 13 quarters in a row the bank reports profits.
Neobanks now have more than one billion customers worldwide. The exception here remains the DACH countries, where traditional banks still play a greater role.
The Canadian central bank is keeping the key interest rate at 5%, as expected.
$META (+3.24%) Meta exceeds expectations. The Group is growing strongly again, with sales up 23% to USD 34.1 billion. Profit climbed to USD 11.5 billion in the third quarter. The share price initially turned positive, but then also fell.
https://amp2.wiwo.de/unternehmen/it/quartalszahlen-meta-kuendigt-rekordumsatz-an/29464862.html
Thursday:
$HFG (-3.63%) Hellofresh is growing again. The company achieved quarterly sales of EUR 1.8 billion. Operating profit for the full year is expected to be EUR 470 to 540 million. The company thus remains cautious with its forecast.
$MBG (-2.54%) Mercedes continues to adhere to its forecast. In the third quarter, however, profit fell slightly to EUR 3.7 billion. Free cash flow fell by 20% to 2.3 billion. According to Mercedes, missing components are partly responsible for the development.
Although Ifo sentiment for exporters improved somewhat in October, it remains cautious. In September, the barometer had slipped to its lowest level in three years. At minus 6.9 points, the barometer is still not in positive territory.
As expected, the ECB is leaving interest rates at a key rate of 4.5% and a deposit rate of 4.0%. This is the ECB's first interest rate pause since summer 2022 and 10 increases in a row.
The $KGX (+5.89%) Kion share loses significantly today. The reason is an order intake that was below expectations.
$AMZN (+1.14%) Amazon delivers strong figures, the profit could be increased to 10 billion USD in this quarter. Amazon's revenue increased by 13% to USD 143 billion. In particular, the important cloud result surprised positively.
Consumer spending in the USA continued to rise. This increases the probability of an interest rate hike by the FED in the coming week.
https://www.boerse.de/nachrichten-amp/USA-Konsumausgaben-legen-erneut-zu/35408304
Monday: 08:00 GDP figures (DE)
Tuesday: 11:00 Inflation data (EuroZone)
Wednesday: 19:00 Interest rate decision (USA)
Thursday: 13:00 Interest rate decision (UK)
Friday: 15:00 Employment (USA)
