As every Sunday, the most important news from the past week, as well as the dates for the coming week.
Also as a video:
https://youtube.com/shorts/I6Spb2-8GPY?si=EkrAKROkkdawQVwE
Monday:
The mood on the employment market has not been this bad for four years. Companies are hardly hiring any new employees. "The autumn revival on the labor market has largely failed to materialize this year," said Andrea Nahles, head of the Federal Employment Agency.
Tuesday:
$BOSS (-2.29%) HUGO BOSS can make gains in the pre-market, the Q3 figures are convincing. The company was able to increase sales against the market and thus gain further market share. Sales rose by one percent to 1.029 billion euros. Profits, on the other hand, fell slightly to 55 million euros. As a result, the company was able to beat both the sales forecast and the operating profit forecast. The profit was lower than expected.
A purchase offer for $SZG (-1.9%) Salzgitter caused the share price to explode on Tuesday. The family entrepreneur Günter Papenburg probably wants to take over the steel manufacturer.
Wednesday:
Black day for $BMW (-1.54%) BMW, on the one hand Donald Trump became US President, on the other hand bad quarterly figures. In Q3, BMW earned half a billion euros, 84% less than in the same period last year. Sales slumped by 16%. BMW had to recall 1.5 million cars worldwide due to problems with the brake systems.
Bad share price reaction also at $TMV (-1.8%) TeamViewer, although the Group was able to significantly increase its profit. This rose by 49 % on an adjusted basis. Revenue also increased by 7 %. The company is targeting the lower end of the forecast range for revenue for the year as a whole. The EBITDA forecast was even raised. RBC leaves the target price at 18 euros after the figures. Why the share fell by more than 10% remains a mystery to us.
https://www.4investors.de/nachrichten/dgap-meldung.php?sektion=dgap&ID=145568
That was it for the traffic lights. It had become apparent. The decisive factor was Lindner's paper calling for a change in economic policy
Thursday:
The FED cut the key interest rate again by 25 basis points. This had been expected. The US economy would grow solidly and the inflation rate would fall towards 2%.
The Bank of England also cut interest rates by 25 basis points on Thursday. The prime rate there is still at 4.75%.
https://www.bbc.com/news/live/c3rxp879j3xt
Most important dates in the coming week:
Monday: 11:00 ZEW Economic Sentiment (DE)
Tuesday: 14:30 Inflation data (USA)
Thursday: 14:30 Producer prices (USA)
What other important dates can you think of?