Economy on 31.05.2023...
Last trading day in May, goes again what?
Last days to settle, tomorrow the U.S. broke? ⤵️
The DAX is back at the 16,000 point mark and now 2 trading days bounced off this mark. Of course, this could just be the air before the next run-up. Many still believe in a hard recession, but what they do not consider is that this can also be positive for the market.
How can that be, you ask? The recession fights inflation, among other things, and the market could take that as a positive. So maybe we even need this.
Currently, everything related to AI is revving up. Sure AI is the future, but I've heard that many times over the years. I'm curious to see where this exaggeration will go. Unfortunately, I haven't positioned myself in the sector myself and am missing out on a lot of returns here. Congratulations to all who are following this journey. Don't get distracted and follow your strategy. Even if it is unconventional. In the end, the only thing that counts is the return!
Exciting and signals are also slowly coming in the crypto sector. My savings plans continue to run and I remain here further on the ball. Currently, I use a lot of time to educate myself in the sector. I enjoy learning new things and there are so many to learn here. Have there lately also paid some blood money :)
I'm very curious to see what else comes up today in the US on the debt ceiling. Today is the last chance to reach an agreement. From tomorrow one would have to start to shut down some public organs. So today will perhaps still come one or the other news. This could of course have a massive impact on the market. I am very curious?
What is still so pending today. Of particular interest to me, in addition to the debt in the U.S., the figures from $CRM Salesforce.
Economic data
08:00
- DE: Import/Export Prices April Import Prices PROGNOSIS: -0.2% yoy/-5.6% yoy previous: -1.1% yoy/-3.8% yoy
08:45
- FR: Private consumption April PROGNOSIS: +0.9% yoy previous: -1.3% yoy
- FR: Consumer Prices (preliminary) May PROGNOSE: +5.3% yoy previously: +5.9% yoy HICP PROGNOSE: +6.5% yoy previously: +6.9% yoy
- FR: GDP (2nd release) 1Q preliminary: +0.2% yoy/+0.8% yoy
09:55
- DE: Labor market data May unemployment rate seasonally adjusted PROGNOSE: +12,000 yoy previous: +24,000 yoy Unemployment rate seasonally adjusted PROGNOSE: 5.6% previous: 5.6%
10:00
- DE: Consumer Prices Bavaria | Brandenburg | Consumer Prices Hesse May
- IT: GDP (2nd release) 1Q preliminary: +0.5% yoy/+1.8% yoy 4Q: -0.1% yoy/+1.4% yoy
11:00
- IT: Consumer Prices (preliminary) May PROGNOSIS: -0.2% yoy/+7.2% yoy previous: +0.5% yoy/+8.3% yoy
14:00
- DE: Consumer Prices (preliminary) May PROGNOSIS: +0.3% yoy/+6.5% yoy previously: +0.4% yoy/+7.2% yoy HICP PROGNOSIS: +0.3% yoy/+6.9% yoy previously: +0.6% yoy/+7.6% yoy
15:45
- US: Chicago Purchasing Managers Index May PROGNOSIS: 47.3 previously: 48.6
Quarterly figures / Company dates USA / Asia
16:30 Exxon Mobil AGM
22:05 Salesforce Quarterly Figures
Quarterly figures / company dates Europe
08:55 Wüstenrot & Württembergische Quarterly Figures
10:00 Commerzbank | Evonik | Secunet Security AGM
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