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/6kS3uOc3Gyo?si=ylP3Ik3aaxt4tQ6Q
Monday:
The Dutch pension fund ABP sold all of its $TSLA (+0.62%) Tesla shares. However, the reason for the sale is not Elon Musk's political statements. It was his remuneration model and the working conditions at Tesla. According to Tesla, Musk is entitled to a 56 billion dollar share package that Musk has been fighting over with American courts.
Tuesday:
$ST5 (-1.22%) Steico exceeded expectations in terms of turnover 376.3 million euros instead of 375 million euros. However, profits were slightly lower than expected. Steico manufactures sustainable insulation materials.
https://www.ecoreporter.de/artikel/steico-mehr-umsatz-weniger-gewinn-aktie-legt-zu/
Producer prices in the USA are less hot than expected. Year-on-year, producer prices rose by 3.3%. However, analysts had expected an increase of 3.5%. Producer prices are regarded as a leading indicator for inflation.
https://www.ariva.de/news/usa-erzeugerpreise-steigen-weniger-als-erwartet-11501258
Wednesday:
The German economy remains in a permanent slump. According to initial estimates, GDP shrank by 0.2% in 2024. This means that GDP has shrunk for two consecutive years (2023: 0.3%). This was last seen in 2002 and 2003 and resulted in Agenda 2010. It is striking that comparable political players were in government in 2002 and 2003, as well as in 2023 and 2024.
New DAX record at 20,609 points. The reason for the rise is a decline in core inflation in the USA. This reduces the risk of a restrictive monetary policy by the Fed. Core inflation was expected to be 3.3 %, but was actually 3.2 %.
Thursday:
As the Swiss luxury group $CFR (+0.55%) Richemont presents strong figures, the entire luxury goods sector takes off. Even $KER (-0.93%) Kering and $MC (+1.15%) LVMH were also able to make significant gains. The Christmas quarter went much better than expected.
Also $ZAL (-1.57%) Zalando reported a strong final quarter and exceeded its profit targets in Q4. EBIT is likely to rise to 510 million euros, whereas a maximum of 480 million euros was originally forecast.
In his first days as President of the European manufacturers' association ACEA, Ola Källenius is campaigning against the CO2 sanctions imposed on car manufacturers. His argument is that we need a market-driven path to decarbonization and not one driven by EU sanctions.
Friday:
Trump is likely planning to make cryptocurrencies a national priority and wants to give crypto insiders a voice in the government to do so.
https://www.instagram.com/p/DE6ZsF6R-5v/?igsh=bjgyMGVhemZjMWZx
Industrial production in the US rises by a surprising 0.6% in December. Experts had only expected an increase of 0.2%. Mining and the production of utilities also increased.
These are the most important dates for the coming week:
Monday: 08:00 Producer prices (DE)
Tuesday: 14:30 Inflation data (Canada)
Thursday: 14:30 Unemployment figures (USA)
Can you think of any other dates? Write it in the comments 👇
