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Consumer confidence in the US falls to its lowest level in 4 years + Tui nears previous week's high on capital market day + Wacker Neuson targets higher earnings after a weak year + Aroundtown makes a profit again

Consumer confidence in the USA falls to its lowest level in 4 years

Consumer sentiment in the USA has fallen to its lowest level for four years.
The consumer indicator fell by 7.2 points to 92.9 points, according to the Conference Board market research institute in Washington on Tuesday.
This is the lowest value since the beginning of 2021.
Economists had expected a fall to 94.0 points.
However, the figure for January was revised upwards from 98.3 to 100.1 points.
Consumer expectations deteriorated particularly sharply in March.
However, the assessment of the current situation also deteriorated noticeably.
US President Donald Trump's erratic tariff policy is causing fears about future inflation and economic development to grow.
According to the Conference Board, concerns about economic development and the labor market are also having an increasing impact on people's assessment of their personal situation.
The recent optimism about future income development has also largely disappeared.
Persistent inflation, high financing costs and a weaker labor market are weighing on the finances of private households.

Tui $TUI1 (-5.62%)approach previous week's high on capital market day

Tui shares became the biggest MDax gainer on Tuesday in view of the Capital Markets Day.
The shares recently rose by almost four percent.
At 7.49 euros, the share price approached the previous week's high of 7.54 euros, the highest level in six weeks.
Analyst Oliver Wojahn from MWB Research spoke of positive signals at the investor event.
Despite the subdued consumer sentiment in the European core markets, robust demand for travel was emphasized.
Building on improved credit ratings and the continued focus on profitable growth and cash inflow, the expert mentioned that Tui intends to define a strategy for returns to shareholders by the end of the fiscal year.

Wacker Neuson $WAC (-3.63%)targets higher earnings after a weak year

After a difficult year, construction equipment manufacturer Wacker Neuson is aiming for higher earnings thanks to its cost-cutting program.
The company announced in Munich on Wednesday that it aims to increase its earnings before interest and tax margin to between 6.5 and 7.5 percent in 2024.
Last year, the operating margin slipped from 10.3% to 5.5% - the final quarter was therefore weaker than analysts had estimated.
Turnover fell by 16 percent to 2.23 billion euros.
This year, revenue is expected to remain more or less stable in a range between EUR 2.1 and 2.3 billion.
Last year, Wacker Neuson struggled with the weak economy in Germany and Europe and had to lower its annual forecasts twice.
Net profit fell by 62 percent to EUR 70.2 million. The dividend is to be cut from EUR 1.15 a year earlier to 60 cents.

Aroundtown $AT1 (-0.47%)makes a profit again

The commercial real estate specialist Aroundtown was back in the black last year.
On balance, the profit attributable to shareholders amounted to just under 53 million euros in 2024, as the MDax company announced on Wednesday.
In the previous year, a significant devaluation of the real estate portfolio resulted in a loss of almost two billion euros.
A decision on whether the company will pay a dividend again is to be made before the Annual General Meeting in June.
Net rental income shrank by one percent to 1.18 billion euros due to the sale of properties.
On a comparable basis, rents increased by 2.9 percent.
The operating profit (FFO1) fell by five percent to just under 316 million euros.
In addition to the lower number of properties, the perpetual bonds also had a negative impact here.
For the current year, the real estate group is aiming for a further decline in operating profit and is forecasting between 280 million and 310 million euros.

Wednesday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks
TotalEnergies EUR 0.79
Neste 0.20 EUR
Telephone L.M.Ericsson SEK 1.43

Quarterly figures / company dates Europe
07:00 Commerzbank Annual Report | Aroundtown
07:00 Wacker Neuson Annual results
07:30 Renk annual results
07:30 Port of Hamburg | Koenig & Bauer Annual results
08:00 Jost Werke Annual Results and Annual Report
08:30 Porsche Automobil Holding Annual results
09:00 EnBW Annual results
10:00 Carl Zeiss Meditec AGM | Porsche Automobil Holding BI-PK
10:30 EnBW BI-PK
11:00 Jost Werke Analyst Conference
14:00 Renk | EnBW Analysts' Conference | Imperial Brands Capital Markets Day
17:50 Pirelli annual figures
18:00 Flatexdegiro Annual Report | Amadeus Fire detailed annual figures

Economic data

08:00 DE: Public sector debt 4Q

08:00 UK: Consumer prices February FORECAST: +0.5% yoy/+2.9% yoy previous: -0.1% yoy/+3.0% yoy Core consumer prices FORECAST: +0.6% yoy/+3.7% yoy previous: -0.4% yoy/+3.7% yoy

08:45 FR: Consumer Confidence March FORECAST: 94 previous: 93

13:30 US: New orders for durable goods February FORECAST: -1.0% yoy previous: +3.2% yoy

15:30 US: Crude oil inventories data (week) from the Energy Information Administration (EIA) previous week

18:10 US: Fed St. Louis President Alberto Musalem, speech at Paducah Area Chamber of Commerce luncheon