As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.
Also as a video:
https://youtube.com/shorts/zLBxldOnBxA?si=l-ZAEpqstga1by5-
Tuesday:
$VOW3 (-0.32%) VW acquires a 5 billion euro stake in Rivian and thus secures the software. However, the deal is criticized because VW has an enormously high research quota and still has to buy in external software knowledge.
https://www.tagesschau.de/wirtschaft/unternehmen/volkswagen-elektroautos-rivian-software-100.html
Wednesday:
Reassuring news from the bank stress test in the USA 🇺🇸. All 31 institutions tested passed the test without any problems, including German financial institutions such as Deutsche Bank.
https://www.ariva.de/amp/deutsche-bank-und-andere-geldhuser-bei-us-stresstest-ohne-11289083
Thursday:
The GDP figures in the USA 🇺🇸 were revised slightly upwards (+1.4 % instead of 1.3 % in the first quarter). In addition, initial jobless claims rose in the US. Orders for durable goods in the US developed better than expected.
Friday:
The software service provider $TMV (-0.17%) TeamViewer from Göppingen is currently investigating a security incident. Customer data is probably not affected. Teamviewer itself says that security is one of the most important things for the company, which is why it is communicating the case directly and transparently.
The latest inflation data from the USA 🇺🇸 is lower than expected. Core inflation was only 0.1% in the MoM comparison. In addition, consumer spending rose less strongly than household income compared to the same month last year. Both could be the first indicators that interest rates in the US could be lowered again.
Most important dates in the coming week:
Monday: 14:00 Inflation data (Germany)
Tuesday: 11:00 Inflation data (EU)
Friday: 11:00 Retail sales (EU)