As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.
Also as a video:
https://youtube.com/shorts/MIWRHpxCCDo?si=TgjZ1ipOUpkOa-Vt
Monday:
A plane of the $DHL (+0.13%) DHL Group plane crashes into a residential building in Lithuania. One person dies and several are injured. It is suspected that the accident could have been caused by an act of sabotage by Russia.
The construction industry continues to suffer from high interest rates. Compared to August, there was a 12.4% drop in orders in September. The construction industry is hoping for further interest rate cuts by the ECB. The key interest rate could be cut again as early as December.
$TKA (-1.72%) Thyssen Krupp Steel decides to reduce production, which means that 5,000 jobs will probably be cut.
Wednesday:
Applications for unemployment benefits in the USA 🇺🇸 continue to fall. The American labor market is humming. In fact, fewer applications were filed than forecast.
https://www.reuters.com/markets/us/us-weekly-jobless-claims-decline-further-2024-11-27/
Secret plans by Benko and CEO Daniel Grieder for $BOSS (+0.51%) Hugo Boss, together with a short seller's increase, have caused a significant fall in the fashion company's share price today.
Thursday:
The FDP today published the document for which it was heavily criticized by the SPD and the media. Contrary to what was presented, the document presents scenarios and does not specifically plan the end of the traffic light system.
The inflation rate in Germany rises to 2.2% in November. This is the second month in a row that the inflation rate has risen, but is only moderately above the ECB's 2.0% target. However, economists had expected an increase to 2.3%.
https://www.tagesschau.de/wirtschaft/verbraucher/inflation-november-erste-schaetzung-100.html
Key dates in the coming week:
Monday: 16:00 Economic data (USA)
Wednesday: 11:00 Producer prices (EU)
Friday: 16:00 Michigan Index (USA)
What other important dates can you think of?