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/sE7jANUi8eM?si=4EI7ZTjZvFiGjBAj
Wednesday:
Consumer credit, the worst form of debt, is becoming increasingly popular. With fewer barriers to online purchases, more and more people are turning to services from $KLAR (-0.72%) Klarna & Co.
The EU is coordinating with the USA and wants to adopt the next sanctions package. According to von der Leyen, the package is aimed at cryptocurrencies, the energy sector and banks. In particular, oil refineries in India and China that process Russian oil are to be affected. The crypto sector is also likely to be included, as it has been easy to circumvent sanctions with cryptocurrencies up to now. Russian banks are also to be denied access to the European financial system.
For the first time this year, the Fed lowers
year by 0.25 percentage points. This is in line with expectations, even if some had hoped for 0.5 percentage points. According to the Fed 'to avoid a recession'.
https://www.tagesschau.de/ausland/amerika/fed-notenbank-leitzines-senkung-100.html
Thursday:
🚀 $NVDA (-0.8%)
NVIDIA relies on $INTC (-1.64%)
Intel! 💥
With an investment of USD 5 billion, NVIDIA secures a 4% stake in Intel - and with a clear goal: to revolutionize the future of AI chips for data centers! 💡🔌
This partnership could redefine competition in the field of high-performance processors and pave the way for powerful AI applications. 🧠💻
Friday:
Surprisingly large drop in producer prices in Germany. Prices fell by 2.2% in August compared to the same month last year. Energy prices are primarily responsible for the fall.
These are the most important dates for the coming week:
Tuesday: 10:00 Economic data (EU)
Tuesday: 15:45 Economic data (USA)
Friday: 01:30 Inflation data (Japan)
Can you think of any other dates?