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/2coHw8RyH4w?si=I1h6S0_Cn96_RdOg
Monday:
$F3C (-5.8%) SFC Energy raises its forecast. They want to grow by 30 % every year. We have had the company in our Moonshot portfolio for some time. Especially because of the hydrogen technology in their new fuel cell.
https://stock3.com/news/sfc-energy-die-latte-wird-sehr-hochgelegt-13662218
The price of gold rises to a new 6-month high. The previous record high was USD 2075 in 2020. We personally only hold very small amounts of gold. This is because gold is not a productive asset and therefore only fulfills the purpose of risk diversification at best.
Exciting developments at $VOW3 (-2.82%) VW, the Group is valued particularly low on the stock market compared to its competitors. Although VW sells around a third as many electric cars as Tesla, the Group is only worth around a tenth of Tesla on the stock market. In addition, the VW Group sells around five times as many combustion cars as Tesla sells in total. One reason is that VW's margins are too low. The costs are too high, including labor costs. That is why Wolfsburg is now planning job cuts despite billions in profits. The aim is to survive the competition with Tesla in the long term.
Sales in the USA fell by 5.6% to 679,000 units in October due to higher financing costs. Despite this, however, experts emphasize that house sales remain very stable. Especially in historical comparison with periods of rising interest rates.
https://www.reuters.com/markets/us/us-new-home-sales-fall-more-than-expected-october-2023-11-27/
Tuesday:
Consumer confidence in Germany remains stable. The indicator for December stands at -27.8 points. Economists had forecast a further decline to -28.5 points.
The energy supplier $RWE (+4.16%) RWE plans to continuously increase its dividend by 5 - 10 %. As we will need more and more electricity in the course of the ecological transformation, this should also be possible. At the same time, RWE plans to invest 55 billion euros in the expansion of its green electricity business by 2030.
Wednesday:
Good news for Germany - real wages are rising again. This means that even after inflation, average salary growth is positive. The increase amounted to 0.6% compared to the same quarter of the previous year. Wages rose by 6.3 %, while inflation only increased by 5.7 %.
https://www.tagesschau.de/wirtschaft/verbraucher/realloehne-inflation-einfuhrpreise-100.html
Inflation in Germany continues to fall to 3.2%, well below the expected 3.5%. In October, inflation was still at 3.8%. However, inflation could pick up again somewhat in December ...
https://m.faz.net/aktuell/finanzen/die-inflation-in-deutschland-sinkt-auf-3-2-prozent-19347498.html
Thursday:
Inflation in the eurozone also falls more sharply than expected to 2.4%. Energy prices in particular are falling noticeably. This is just 0.4 percentage points short of the ECB's target inflation rate. Further interest rate hikes are therefore becoming increasingly unlikely. The first interest rate cuts are becoming increasingly likely.
OPEC+ decides to produce even less oil. However, as the production cut of 1 million barrels per day is voluntary rather than binding, the oil price does not rise.
Friday:
Data from Caixin shows that production in China 🇨🇳 is picking up again. At 50.7, the value is above 50, indicating an expansion in production. This means that the Chinese economy is gradually recovering.
$PFE (+2.39%) Pfizer has to end studies on a weight loss drug. The reason is too many side effects. This means that Pfizer cannot get a slice of the cake from the attractive market. The share reacts accordingly.
Slight economic growth in Switzerland, GDP increases by 0.3 % in the third quarter. The economy actually contracted slightly in the second quarter. Like Germany, Switzerland is not really recovering from the coronavirus shock. This is due to the fact that both economies are suffering from weak foreign demand for their export goods.
https://www.nzz.ch/wirtschaft/bip-im-3-quartal-2023-schweizer-wirtschaft-waechst-leicht-ld.1768483
The most important dates for the coming week:
Monday: 08:30 Inflation data (Switzerland)
Tuesday: 04:30 Interest rate decision (Australia)
Wednesday: 16:00 Interest rate decision (Canada)
Thursday: 04:00 Trade Balance (China)
Friday: 14:30 Labor market data (USA)