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/gGuvm-ufS6g?si=n_oieHiKS3DMhl4K
Tuesday:
At $BOSS (+1.12%) HUGO BOSS performed worse in the first quarter than in the previous year. Sales fell to 999 million euros from 1.014 billion in the previous year. Profit also fell from 57 to 52 million euros. However, there were special effects in the previous year, and the Group believes it is still on track for its annual targets.
Good news for future inflation. Producer prices, a leading indicator of inflation, have turned out to be lower than expected. In the eurozone, prices fell by 1.6% month-on-month. Compared to the previous year, the increase was 1.9 %; experts had expected 2.5 %. Lower energy prices are primarily responsible for the decline.
https://www.boerse.de/nachrichten-amp/Eurozone-Erzeugerpreise-fallen-staerker-als-erwartet/37359135
Wednesday:
The Fed demonstrates its independence. Despite Trump's calls for interest rate cuts, the Fed leaves key interest rates at 4.25 - 4.5%.
Thursday:
The Bank of England cuts interest rates and welcomes news of a trade deal with the US, although it has not been informed of the details. The prime rate is cut from 4.5% to 4.25%.
https://www.bbc.com/news/live/c33zve8zmg6t
These are the most important dates for the coming week:
Tuesday: 14:30 Inflation data (USA)
Thursday: 14:30 Producer prices (USA)
Friday: 16:00 Consumer Confidence (USA)
Can you think of any other dates? Write it in the comments 👇