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/eiptwpKkBlM?si=cCA1BuE59KAXfqbs
Monday:
Let's stick to the day-to-day business. Retail sales within the EU increased slightly by around 2%. Cyprus in particular saw a strong increase, while Bulgaria and the Netherlands were among the losers.
https://www.hasepost.de/einzelhandelsvolumen-im-euroraum-und-eu-leicht-gestiegen-585349/
Wednesday:
From today, tariffs of 104% apply to goods exported from China to the USA. The EU is demanding that China give in. China believes it is prepared for this and is supporting its domestic economy.
After Trump raises tariffs, China raises tariffs on US goods to 84%. It's absurd because it's so predictable on the one hand and so incredibly stupid with devastating consequences on the other.
https://www.zdf.de/nachrichten/politik/ausland/china-zoll-politik-trump-handelskrieg-100.html
First canceled as a rumor, now reality. Trump suspends almost all tariffs for 90 days.
Thursday:
Inflation in the US is falling and stands at 2.4%, with the core rate (excluding food and energy) also falling to 2.8%. Expectations were 2.8% and 3.1% respectively. Nevertheless, the markets in the USA lose significantly.
Friday:
Trump buckles further and lifts tariffs on tech imports again. It is becoming apparent that Trump may have gone a step too far with his decisions. Above all $NVDA (-1.35%) and $AAPL (+1.76%) benefit.
These are the most important dates for the coming week:
Wednesday: 14:30 Retail Sales (USA)
Wednesday: 15:45 Interest Rate Decision (Canada)
Thursday: 14:15 Interest rate decision (ECB)
Can you think of any other dates? Write it in the comments 👇