As every Sunday, the most important dates for the coming week, as well as the most important news from the past week.
Also as a video:
https://youtube.com/shorts/kN6Y9oi8X6s?si=9LEl0Zmz4UONwyZQ
Monday:
$MBG (+1.05%) Mercedes is the leader in autonomous driving in Germany, in terms of approvals by the KBA. Now they want approval for autonomous driving up to 95 km/h. So far, Mercedes' Drive Pilot has only been approved in traffic jams. Mercedes is also planning to obtain approval for driving at speeds of up to 130 km/h by the end of the decade. With this approval, Mercedes would reach level 3 of autonomous driving.
Tuesday:
China 🇨🇳 lowers interest rates, although this is accompanied by a devaluation of the national currency.
Real estate plays a key role in the Chinese economy. The move ultimately shows just how bad things currently are for the Chinese economy. Many of the economic developments in Germany are also attributable to the Chinese economy.
The ifo business climate index fell again to 85.4 points. Despite this, the DAX briefly broke through the 19,000 point mark. The main reason for this is the euphoria caused by the measures in China. The data on the current assessment may already be out of date on the day of publication.
Wednesday:
The US Department of Justice is investigating possible price fixing at $SAP (+0.8%) SAP and Carahsoft Technology. Deals with the military and other government agencies are being investigated. Carahsoft is a dominant procurer of technology for the government.
Thursday:
$BAS (+1.22%) BASF deviates from its dividend policy and cuts the dividend to an expected 2.25 euros. So far, the dividend has been increased, or at least maintained in bad years. However, the economic downturn is now dragging on for some time and the pressure to reduce the dividend has increased. This is because BASF will also be cutting jobs at its main plant in Ludwigshafen.
https://www.swr.de/swraktuell/rheinland-pfalz/ludwigshafen/wie-geht-es-weiter-bei-der-basf-100.html
The Swiss National Bank is also lowering its key interest rate by 25 basis points. The key interest rate in Switzerland is therefore already between 1.0 - 1.25 %. Despite the significantly lower interest rates, the CHF is appreciating.
Although Powell said nothing about interest rates or economic policy in his speech, the markets rose. The fact that he said nothing initially suggests that the Fed will stick to its current course of interest rate cuts.
Friday:
$VOW (+1.1%) VW is cutting its forecast again. Turnover is expected to be 320 billion euros and thus below the previous year. The return on sales is expected to be 5.6%. However, VW's valuation on the stock market is already so favorable that this will not change our opinion of VW. The entire group is valued at 45 billion euros.
Most important dates in the coming week:
Monday: 14:00 Inflation data (DE)
Thursday: 16:00 Economic data (USA)
Friday: 14:30 Employment data (USA)
What other important dates can you think of?