As every Sunday, the most important news of the last week and dates of the coming week.
here the dates of the coming week as a video:
https://youtube.com/shorts/nasFIUyppOU?feature=share
Monday:
Several gradations at $ENR (+0%):
Jeffries downgraded Siemens Energy from 'Buy' to 'Hold', with a price target cut from EUR25 to EUR16.50. Analyst Simon Toennessen expects two years of losses at Siemens Gamesa. The parent company could fathom higher costs at the subsidiary for years.
Deutsche Bank Research left the rating at 'Hold' but lowered the price target to EUR20 from EUR26. According to analyst Gael de-Bray, the valuation is attractive, but the uncertainty remains too high.
Citigroup downgraded the stock to 'Neutral' from 'Buy' while lowering the price target to EUR18 from EUR29. Analyst Vivek Midha believes that the company can no longer plan ahead after the profit warning.
DZ Bank also downgraded Siemens Energy from 'Buy' to 'Hold' and lowered the share price from EUR27 to EUR16. Analyst Alexander Hauenstein emphasized that currently too many questions remain unanswered.
https://goldesel.de/Artikel/abstufungen-und-verbrannte-erde-bei-siemens-energy
#Markowitz has died. Harry Markowitz was a crucial pioneer of #portfolio theory and Nobel laureate. He was instrumental in making correlation matter when considering portfolio risk. That is, a portfolio can be less risky despite having risky stocks if individual stocks have little correlation in performance. Among stocks from the same industry, for example, the correlation is often quite high, while other industries correlate less. Other asset classes even less. From a risk perspective, it can therefore also make sense to add gold or cryptos to the portfolio.
https://de.m.wikipedia.org/wiki/Harry_Markowitz
The #ifo business climate index has weakened further. The value fell to 88.5 points. Experts had expected 90.7 points. The ifo business climate index surveys executives and is used to derive the economic barometer.
70 % of the $GDAXI-companies expect AI to change their business model in the next few years. 90% of DAX companies plan to use AI applications.
Tuesday:
The USA's economic engine 🇺🇸 continues to hum. New orders for durable goods surprisingly increased. Month-on-month, orders rose by 1.9%; a decline of 0.9% had been expected.
https://m.ariva.de/amp/usa-auftrge-fr-langlebige-gter-legen-unerwartet-weiter-10767671
Wednesday:
$BAYN (+0%) is facing a setback in its search for a successor to Xarelto. The Regeneron Group's application for approval of the eye drug Eylea initially failed at the U.S. regulatory agency. Bayer holds the marketing rights to Regeneron's drug.
https://goldesel.de/Artikel/bayer-rutscht-auf-neues-tief
De#bankenstrinesstest in the USA 🇺🇸 was positive. In the face of a severe economic downturn, the 23 banks tested were able to maintain a capital ratio of 10.1% on average. The aim was to remain above the minimum ratio of 4.5%.
Thursday:
EU consumer confidence 🇪🇺 improved somewhat, similar to the U.S. 🇺🇸.
Friday:
Morgan Stanley has upgraded its rating for $ST5 (+0%) upgraded its rating from 'Equal-weight' to 'Overweight'. At the same time, the price target was reduced from EUR 53 to EUR 45. The share is currently trading below EUR 30. Analyst Manfredi Bizzarri believes that now is the right time to buy Steico. There would continue to be headwinds from the construction industry and competitors, but expectations are now probably at rock bottom. The company should soon start growing again, as Steico's niche is attractive in the long term.
https://goldesel.de/Artikel/zeit-fuer-den-einstieg-bei-dieser-aktie
Production at #china 🇨🇳 continued to decline. However, the stock markets in China still rose. The main reason was that Li Qiang (Premier) advocates policies that increase domestic demand.
The #inflation in the euro zone is falling more sharply than expected, to now 5.5% compared with the same month last year. In Germany, there was an increase from 6.1% to 6.4% compared with the previous month. However, one-off effects such as the EUR 9 ticket and the fuel price discount played a role here. Experts had expected an increase of 5.7% in Europe.
Key dates in the coming week:
Monday: 1:50 manufacturing index (Japan)
Tuesday: 8:00 Trade Balance (DE)
Wednesday: 20:00 FOMC Minutes (USA)
Thursday: 11:00 Retail Sales (EU)
Friday: 14:30 Labor Market Report (USA)