16.09.2024
Stock markets on the way to new ATHs + Inflation in the USA on the decline + Recession just avoided thanks to interest rate cuts + RTL share in focus?
Sentiment on the stock markets has improved again, investors are in record mood again. Inflation in the USA is still on the decline.
The ECB has cut interest rates as expected, Further interest rate cuts are likely to followalthough probably not immediately.
And it is a foregone conclusion that the US Federal Reserve will also cut interest rates next week. However, the most important reason why the stock markets are rising again is the belief among investors that the central banks have initiated the cycle of interest rate cuts just in time, to avoid a recession.
After the ECB, the US Federal Reserve's monetary policy decision is on the agenda this week. It is a foregone conclusion that the monetary authorities will cut key interest rates. The only question is whether it will be just 25 basis points (bp) or 50 bp. The stock markets would probably welcome a major move in an initial reaction, but only briefly, as such a move would possibly trigger new growth concerns. According to Commerzbank, a cut of 50 bp could be evidence for many investors that the Fed is really worried about the economy and may have waited too long to turn interest rates around. The Fed is unlikely to want to give such an impression.
After the boxing match on Saturday between Stefan Raab and Regina Halmig, the RTL share $RTLL (-0.1%) could get a boost. The reason for this is that Stefan Raab wants to do shows again. There you can apply and win €1 million every week. Now RTL has a hook, in addition to American football, to lure people out of their pockets to subscribe to RTL+. Because the two programs mentioned can largely only be watched via RTL. A large increase in current subscriptions could therefore provide a boost.
Monday: Stock market dates, economic data, quarterly figures
Stock exchange holiday China, Japan and Luxembourg
ex-dividend of individual stocks
Merck & Co USD 0.77
Quarterly figures / Company dates Europe
11:30 Merck KGaA: PK - Merck & Siemens enter into strategic partnership
Untimed: Meyer Burger half-year figures
Economic data
- 08:00 DE: Wholesale prices August
- 10:00 EU: ECB, results of the Survey of Monetary Analysts
- 11:00 EU: Trade Balance July | Labor Costs 2Q
- 11:30 DE: Government Pk, Berlin
- 12:00 DE: Bundesbank, monthly report
- 14:00 LU: ECB Chief Economist Lane, speech at meeting of European Chief Economists
- 14:30 US: Empire State Manufacturing Index September FORECAST: -4.0 previous: -4.7
