As we do every week, here are the top news stories from the past week:
Monday:
CXMT made its stock market debut in China. The company instantly became the most valuable company in mainland China. The company produces DRAM (random-access memory) for smartphones and servers used in AI. As a result, its revenue surged by 700% in the first quarter.
https://www.tagesschau.de/wirtschaft/finanzen/marktbericht-boersengang-cxmt-100.html
Tuesday:
So far, AI has had no negative impact on $NEM (+2.14%) Nemetschek. On the contrary, the software group is raising its forecast for 2026 by 6 percentage points due to the HCSS acquisition. Organic growth is still estimated at 14–15%.
$TMV (+4.69%) TeamViewer confirms its full-year forecast and expects slight growth. On a currency-adjusted basis, revenue remained virtually flat in the second quarter. The enterprise business grew by 8%. The SME business continues to lose ground but expects to stabilize in the second half of the year.
https://www.onvista.de/news/2026/07-28-teamviewer-ausbruch-abwarten-40338625-19-26536886
Wednesday:
The Fed leaves the benchmark interest rate unchanged. Market expectations were mixed. Inflation in the U.S. is more than 1 percentage point away from the 2% target, and fuel costs are likely to rise further due to the war in Iran.
Thursday:
Germany’s economy grew in both the first and second quarters. GDP growth stood at 0.4% in the first quarter and 0.2% in the second quarter. The GDP growth of 0.2% exceeded experts’ expectations.
At $BMW (+1.52%) BMW, profits fell by over 30% in Q2 to 1.2 billion euros. The main reason for this development is China. While BMW sold more cars in Europe and the U.S., sales in China dropped significantly.
$ADS (+3.47%) Adidas posted a loss despite record figures. Revenue reached a new record high of 6.74 billion euros. Even the World Cup finalists wore Adidas. However, marketing expenses also rose by 200 million euros to a total of 924 million euros. As a result, profits fell short of expectations.
