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/oV3omttRVN0?si=4olXTaUPp-fMjSYS
Monday:
The subsidy bankruptcy of our Economics Minister continues. At $INTC (+1.8%) Intel and $WOLF (+0.15%) Wolfspeed, the plants were not even built and therefore no subsidies have been paid. Things could now get even worse at Northvolt, where the subsidies have already been paid out. However, Northvolt has now filed for bankruptcy. In the worst case scenario, the state has given away 620 million euros of taxpayers' money.
On Monday, the mood in US industry brightened surprisingly strongly. Nevertheless, the purchasing managers' index signals a slowdown.
Tuesday:
The DAX breaks through the 20,000 point mark for the first time in its history, reaching a new record high.
South Korea's president declares martial law. This is in response to the threat posed by North Korea. The rest of the world sees this as a coup d'état and protests break out.
https://www.instagram.com/p/DDHpNlBsl0c/?igsh=MW5ycDh2NHNkbno1dg==
Thursday:
$HFG (+0.69%) Hellofresh can gain significantly after several upgrades by analysts. Jeffries and JPMorgan have raised the price target by 100% in some cases.
Friday:
The largest free trade zone in the world could be created, the so-called Mercosur agreement between the EU and South America. France still wants to scupper the deal, but Javier Milei wants the free trade zone. The Mercosur agreement was adopted on Friday evening.
Consumer sentiment in the US has continued to improve. The Michigan Consumer Sentiment Index rose. This means that consumer sentiment has improved for the fifth month in a row.
Saturday:
Billionaires are relocating more often since Covid. At least according to a new study by $UBSG (+0%) UBS. The main influencing factors are the quality of life in the respective countries, as well as the legal framework for the wealthy. The main target countries are therefore also countries with particularly low taxes: The USA 🇺🇸, Switzerland 🇨🇭, the UAE 🇦🇪 and Singapore 🇸🇬.
https://www.instagram.com/p/DDSYluRumiW/?igsh=YjJkb3gybWhxc3I4
Key dates for the coming week:
Tuesday: 08:00 Inflation data (DE)
Wednesday: 15:45 Interest rate decision BoC (Canada)
Thursday: 14:30 Interest rate decision (ECB)
What other important dates can you think of?