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/Qnq0Hgw02ok?si=c1DdZaCBPcjb9KK5
Monday:
The Japanese economy contracted slightly less than feared in the first quarter. However, there is still a risk of recession. The annualized figure was only 0.2 % instead of 0.7 %.
Wednesday:
The tariffs have hardly had any impact on US inflation so far, but the inflation rate has nevertheless risen to 2.4%. Both core inflation and actual inflation were 10 basis points below expectations, with housing costs being the strongest driver of inflation.
Thursday:
Tragic accident in India with a $BA (+0.07%) Boeing aircraft. Unfortunately, accidents involving Boeing aircraft occur at regular intervals. The cause of the crash remains unclear for the time being.
The Mainz-based biotech company $BNTX (+1.25%) Biontech looks set to buy Tübingen-based competitor $CVAC (-0.17%) Curevac. Curevac is valued at around 1 billion euros. The German government is thus making a loss of around 130 million euros on its investment in Curevac, proving once again why the state is not a good investor.
Friday:
Isreal's attack on Iran had been looming since yesterday. Negotiations with the USA on ending the nuclear weapons program stalled. Trump had embassy staff in Iraq withdrawn yesterday.
https://m.bild.de/politik/israel-greift-iran-an-explosionen-im-raum-teheran-684b71ab8858611e27641106
These are the most important dates for the coming week:
Wednesday: 20:00 Interest rate decision (USA)
Thursday: 13:00 Interest rate decision (UK)
Friday: 01:30 BoJ meeting minutes (Japan)