As every Sunday, the most important news from the past week and dates for the coming week.

Also as a video:

https://youtube.com/shorts/1XvAW5dIDFI?si=nl0PB75twJ5F_NzZ

Monday:

Good news in terms of inflation. Producer prices in Europe have fallen further by 7.8% compared to the same month last year. Energy prices have fallen particularly sharply.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-erzeugerpreise-in-der-euro-zone-sinken-erneut-deutlich/100036948.html

Tuesday:

$TMV (+0.22%) TeamViewer unfortunately cannot meet high expectations. Although revenue rose by 7%, the Management Board emphasized the difficult environment, which also had an impact on billings. The majority of analysts continue to have a positive view of the share, with some even describing Teamviewer as 'undervalued', including Barclays analysts.

https://www.finanzen.net/nachricht/aktien/wachstum-erzielt-teamviewer-aktie-mit-kraeftigem-abschlag-teamviewer-kann-erwartungen-nicht-erfuellen-13487727

Wednesday:

The sheet at $PUM (+0.75%) Puma and $ADS (+2.96%) Adidas seem to be turning again. In recent years, Puma has grown faster than Adidas. In the first quarter, the 'big brother' was stronger again. Puma increased sales by 0.5% to 2.1 billion euros, Adidas by 8% to 5.5 billion euros. It is interesting to note that the change in growth correlates strongly with Björn Gulden's move to Adidas.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/puma-sportartikelhersteller-waechst-langsamer-als-adidas/100035947.html

Despite many voices saying "you should buy now", real estate prices continue to fall. These are often interest-driven statements. The bottom of the real estate market does not yet appear to have been reached. This could change again with falling key interest rates. According to the Association of German Pfandbrief Banks, prices fell by an average of 5.3% in the first quarter. Residential real estate prices still fell by 4.3 %.

https://www.handelsblatt.com/finanzen/immobilien/immobilien-preise-fuer-haeuser-und-wohnungen-rutschen-weiter-ab/100037075.html

Thursday:

China's 🇨🇳 foreign trade appears to be picking up again. Imports grew by 8.4% compared to the same month last year. Contrary to the trend, imports from Germany fell by 2.6%. If the trend remains the same, the USA 🇺🇸 is likely to soon become Germany's most important trading partner. Exports to Russia also fell, probably due to new sanctions imposed by the USA.

https://www.handelsblatt.com/politik/international/konjunktur-china-exportiert-im-april-mehr-weniger-handel-mit-deutschland/100037292.html

The BoE is not changing the key interest rate of 5.25% in the UK 🇬🇧. Experts expect the first interest rate cut in the UK at the end of August. The decision was not taken unanimously.

https://www.euronews.com/business/2024/05/09/boe-holds-rates-steady-and-expects-inflation-below-target-by-mid-2026

Friday:

Consumer confidence in the US 🇺🇸 is falling, but this is also supporting the markets. In the meantime, 90% of market participants once again believe that the Fed will cut interest rates in early fall. At the beginning of the week, the figure was still at 50%.

https://www.handelsblatt.com/politik/international/usa-us-verbraucherlaune-schlecht-wie-seit-einem-halben-jahr-nicht-mehr/100037363.html

Most important dates in the coming week:

Wednesday: 4:00 Economic data (China)

Wednesday: 14:30 Producer prices (USA)

Friday: 1:30 GDP figures (Japan)