As every Sunday, the most important news and dates of the coming week. Either as text or the dates of the coming week as video: https://youtube.com/shorts/JEoKwvPYoGQ?feature=share
Monday:
New CEO Blume plans to restructure the $VOW3 (+0.45%) Group. The focus of the restructuring will be on the volume brands Skoda, VW and Seat as well as the subsidiary Audi. Development work is to be consolidated more closely in order to leverage synergies. At the same time, production is to be better utilized. This means that Skodas could also be produced at VW's main plant. Savings are also to be made in purchasing, which is likely to put further pressure on suppliers. In addition, fewer models are to be offered overall. The aim is to achieve savings of around EUR 5 billion and use the money to reposition the company in the important markets of China and North America.
https://goldesel.de/Artikel/volkswagen-vor-konzernumbau
Direct investments in #china 🇨🇳 increased again in May compared with a year earlier. By 2.2% to around EUR 70 billion.
https://tradingeconomics.com/china/foreign-direct-investment
Tuesday:
The #inflation in Germany 🇩🇪 declines by 0.2% in May compared with the previous month. This had been expected. On an annual basis, the HICP (EU-wide comparable) falls to 6.3%, which was also in line with expectations.
dpa-AFX ProFeed
Inflation day, consumer prices from the U.S. 🇺🇸 looked like this: Inflation drops to just 4.0%. Analysts had expected 4.1%.
Wednesday:
$SHEL (+0.34%) Raises dividend by 15%, buys back shares for $5 billion (if approved), and invests more in low-emissions business. What is clear is that profits are unlikely to be as high as last year for a while.
https://goldesel.de/Artikel/hier-gibt-es-eine-deutlich-hoehere-dividende
The U.S. Federal Reserve 🇺🇸 is leaving the #leitzins unchanged at 5.00 - 5.25%. However, the key interest rate projections were increased. In an initial reaction, this did not go down well on the stock market.
dpa-AFX ProFeed
Thursday:
For the first time in two years, producer prices in agriculture are falling again. In particular, grain and fruit is significantly cheaper than a year ago. Overall, producer prices for agricultural products fell by 6.5%. Food prices could therefore soon fall again, or rise less sharply. However, the dam blowing up in Ukraine could cause the price of grain to rise again in the medium term.
The #ezb has raised the key interest rate again, to four percent now. So there are no real surprises. Lagarde also emphasizes that there are currently no plans for an interest rate pause like at the Fed. The ECB's inflation expectations have been raised. Which makes further interest rate steps more likely.
https://app.handelsblatt.com/finanzen/geldpolitik-ezb-hebt-die-zinsen-erneut-an/29207708.html
Friday:
At the Capital Markets Day presented $KTA (+6.19%) remarkable growth expectations. The Group aims to double sales to around EUR 2 billion by 2027. Annual growth is expected to be 16 - 18 %. At the same time, the EBITDA margin is to rise to over 10% through economies of scale, and the focus is on cash flow. Knaus Tabbert is not a classic growth stock, but also pays a handsome dividend. In the future, 50% of the surpluses according to IFRS (international accounting standards) are to flow into this.
https://goldesel.de/Artikel/16-18-wachstum-jedes-jahr
Building permits in Germany continue to slump. This should come as less of a surprise, as interest rates have risen further as a result of the central bank's increases. Permits for single-family houses slumped 33.5% year-on-year to 18,300, while those for two-family houses fell 52.1% to 5,300. There was also a 27.1% decline in apartments to 48,200. This will probably create a gap of 700,000 housing units for 1.4 million people looking for a home by 2025. Profiteers are likely to be real estate groups such as Vonovia, where we recently bought a position. In our view, Vonovia is profiting from this development, but not causing it. Do you see it the same way?
The most important dates for the coming week:
Monday: 12:00 Monthly Report Bundesbank (DE)
Tuesday: 3:15 Interest rate decision (China)
Wednesday: 8:00 Inflation data (UK)
Thursday: 9:30 Interest rate decision (Switzerland)
Friday: 9:30 Purchasing Managers' Index (DE)