As every Sunday, the most important news from the past week, as well as the dates for the coming week.
Also as a video:
https://youtube.com/shorts/0tUN6ye-YUY?si=c9xE8lmAx32qFu5B
Wednesday:
Japan and the USA reach an agreement and have a trade deal. Tariffs are to fall to 15%, but Japan will probably have to invest half a trillion USD in the USA. The markets react with relief.
Thursday:
The ECB halts interest rate cuts at 2.0% and takes a break. The main reason was probably the tariff dispute with the USA, which could soon result in higher tariffs coming into force. Ultimately, this move by the ECB was expected.
There was positive news with regard to the Purchasing Managers' Index, which exceeded expectations. The Purchasing Managers' Index rose to 51 points, indicating growth in the second half of the year.
Friday:
Similar to $TSLA (+0.23%) Tesla, profits also collapse at $VOW3 (+0.19%) Volkswagen's profit collapses in the 1st half of the year. After-tax profit fell by 38% to 4.47 billion euros. Three factors in particular depressed profits: 1. customs duties 2. CO2 provisions 3. higher proportion of electric car sales. However, the number of vehicles sold increased and the books are well filled.
These are the most important dates for the coming week:
Wednesday: 08:00 GDP figures (DE)
Thursday: 20:00 Interest rate decision (Fed)
Friday: 05:00 Interest rate decision (BoJ)
Can you think of any other dates? Write it in the comments
