11.07.2024 +++ Consumer prices +++ PepsiCo quarterly figures +++ Real estate stocks with interest rate fantasy +++ Interest rate cut very likely in the second half of the year +++ (Update 14:00)

Interest rate winners and losers wanted

Stocks that had been punished in the previous days were particularly sought after. The real estate sector, for example, rose, with its pan-European index leading the list of winners with a plus of 2.1 percent.

In the DAX Vonovia $VNA (-2.92%) rose by 4.1 percent, while TAG $TEG (-2.2%) and Aroundtown $AT1 (+0.39%) were up 4.5 and 7.3 percent, respectively, while LEG Immobilien $LEG (-1.1%) by 3.4 percent. Delivery Hero $DHER (+3.26%) jumped by as much as 9.2 percent and Hellofresh $HFG (-3.63%) by 3.6 percent. Citi reiterated its buy recommendation for Hellofresh, while Morgan Stanley lowered its price target for Delivery, but left it well above the current price.

PepsiCo Inc. $PEP (-0.84%) beat analysts' estimates of $2.16 in the second quarter with earnings per share of $2.28. Sales of $22.5 billion below expectations of $22.66 billion.

Following the latest comments by Fed Chairman Jerome Powell, investors are again increasingly

are increasingly expecting easing in the USA in the near future. "Powell's comments fueled investors' hopes of a US interest rate cut in the second half of the year," wrote Commerzbank in the morning. As a result, the US stock markets had continued their record rally the previous evening

ex-dividend of individual stocks

voestalpine EUR 0.70

SDM EUR 0.10

Corporate events USA / Asia

12:00 Pepsico quarterly figures

Quarterly figures / Company dates Europe

07:00 Gerresheimer

07:00 Südzucker quarterly figures

07:00 Fraport traffic figures June

10:00 Fielmann AGM

15:00 BT Group AGM

Economic data

• 08:00 DE: Consumer prices (final) June PROGNOSE: +0.1% yoy/+2.2% yoy Preliminary: +0.1% yoy/+2.2% yoy Previous: +0.1% yoy/+2.4% yoy HICP PROGNOSE: +0.2% yoy/+2.5% yoy Preliminary: +0.2% yoy/+2.5% yoy Previous: +0.2% yoy/+2.8% yoy
• 08:00 UK: GDP April PROGNOSE: +0.2% yoy previous: 0.0% yoy Three-month rate PROGNOSE: +0.7% yoy previous: +0.7% yoy | Trade balance May PROGNOSE: GBP -16.8 bn previous: GBP -19.6 bn | Industrial production May PROGNOSE: +0.1% yoy/+0.6% yoy previous: -0.9% yoy/-0.4% yoy
• 14:30 US: Initial Jobless Claims (week) PROGNOSE: 236,000 previous: 238,000
• 14:30 US: Consumer prices June PROGNOSE: +0.1% yoy/+3.1% yoy previous: 0.0% yoy/+3.3% yoy Core consumer prices PROGNOSE: +0.2% yoy/+3.4% yoy previous: +0.2% yoy/+3.4% yoy