As every Sunday, the most important news of the last week, as well as dates of the coming week.
All dates of the coming week in the video:
https://youtube.com/shorts/-GNEKzS7H0U?si=MRBZXj7qgSfLEwnk
Monday:
$3333 Evergrande does not meet the conditions for issuing further share certificates. Thus, no solution was found to reduce the debt in the amount of 300 billion USD.
No improvement in business sentiment in Germany. The Ifo index falls for the fifth time in a row. The construction sector in particular is pessimistic about the future.
$SE (+0.56%) Sea ltd benefits from a possible e-commerce ban for Tiktok in Indonesia, as well as a new release of Free Fire in India, the share can gain significantly.
Tuesday:
Consumer confidence in the U.S. 🇺🇸 has deteriorated more than expected. The markets have fallen further, the recession seems to be an increasingly realistic scenario.
According to $MBG (+0.22%) Mercedes $BMW (+0.37%) BMW is the second supplier to receive Stage 3 approval for autonomous driving. $TSLA (+1.6%) Tesla talks a lot about autonomous driving, but is not as far along in terms of approvals as the two premium manufacturers.
The company $TGT (+0.4%) Target forced to close nine stores due to runaway thefts. In the USA, retailers have enormous problems with thefts.
Wednesday:
Unlike at the Oktoberfest, Germans currently prefer to save rather than consume. The GfK forecasts a further decline in consumer confidence for October.
Thursday:
IPO of $1SXP (-1.03%) Schott Pharma seems to be a success. The allotment price was EUR 27 per share, the first price EUR 30.
As expected, inflation came down significantly in September and is now still at 4.5% year-on-year. However, a somewhat smaller decline of 4.6% had been expected. The main reason for the sharp decline compared with the previous month (+6.1%) is the discontinuation of the €9 ticket and the fuel price brake in September of the previous year. Thus, it looks like we have reached the interest rate peak. The current interest rates are probably sufficient to push inflation back toward the 2% target.
Friday:
$NKE (+0.49%) Nike delivers figures yesterday. Sales were slightly below expectations, but earnings were above expectations. Earnings per share rose to $0.94 in the quarter, up from just $0.75 expected. Also $ADS (-0.38%) Adidas and $PUM (+0.11%) Puma also benefit from the figures.
https://stock3.com/news/nike-umsatz-enttaeuscht-gewinn-ueberzeugt-aktie-im-plus-13286823
Inflation is also easing significantly in the euro zone as a whole, and much more strongly than expected. Inflation was 4.3% year-on-year. A rate of 4.6% had been expected. This is 0.9 percentage point lower than in August. There is much to suggest that the ECB will pause on interest rates in October.
Monday: 16:00 Manufacturing (USA)
Tuesday: 08:30 Inflation data (Switzerland)
Wednesday: 11:00 Retail Sales (EU)
Thursday: 08:00 Trade Balance (DE)
Friday: 06:30 Interest rate decision (India)