1Mon·

As every Sunday, the most important news from the past week, as well as the dates for the coming week.


Also as a video:

https://youtube.com/shorts/oVP-1JUmKxg?si=rCpJC26z5ARnLel1


Sunday:


Further deflationary pressure in China 🇨🇳. Inflation is at 0.4%. Producer prices are even falling.


https://www.handelsblatt.com/politik/konjunktur/china-deflationsdruck-nimmt-im-september-zu-verbraucherinflation-kuehlt-ab/100078670.html


Monday:


$FRA (-1.27%) Fraport will probably take over Kalamata Airport, as the operator of Frankfurt Airport is the only bidder. Fraport is paying 1.24 billion euros for the 40-year concession.


https://www.handelsblatt.com/unternehmen/dienstleister/griechenland-fraport-gibt-einziges-gebot-fuer-den-flughafen-kalamata-ab/100078535.html


Tuesday:


Good news from the ZEW economic survey, which is forecasting an upturn. In October, the barometer rose by 9.5 points to 13.1 points after 3 consecutive declines.


https://www.faz.net/aktuell/wirtschaft/mehr-wirtschaft/deutschlands-konjunktur-zew-prognostiziert-ersten-anstieg-110047697.html


$GS (+2.89%) Goldman Sachs was able to increase its profit significantly by 45%. Above all, it was able to achieve significantly higher profits in equity trading. Also $BAC (+1.49%) Bank of America and $C (+1.62%) Citigroup also benefited from a better trading business. The new interest rate environment is making itself felt here.


https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/us-banken-goldman-sachs-steigert-gewinn-um-45-prozent/100079278.html


Thursday:


The ECB cuts the key interest rate again. Once again, the key interest rate is lowered by 25 basis points. The deposit rate is now 3.25%. This makes loans even cheaper. The inflation rate was also revised downwards again today to 1.7%.


https://www.wiwo.de/politik/konjunktur/ezb-entscheid-ezb-senkt-erneut-den-leitzins/30043474.html


Friday:


In August 2024, the EU again achieved a current account surplus. At 31 billion euros, this was slightly less than the 41 billion euros in the previous month. The forecast was around 42.5 billion euros.


https://www.ecb.europa.eu/press/stats/bop/2024/html/ecb.bp241018~016a3487ba.en.html


Most important dates in the coming week:


Wednesday: 15:45 Interest rate decision (Canada)

Thursday: 9:30 Purchasing Managers' Index (DE)

Friday: 10:00 ifo Business Climate (DE)


What other important dates can you think of?


#zinssatzentscheidung
#kanada
#ifo
#sandp

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