As every Sunday, the most important dates for the coming week, as well as the most important news from the past week.
The dates as a video:
https://youtube.com/shorts/Zvoh_ATJ8eU?si=HFvc8sRUsi38eXJf
Monday:
The ECB seems to have made the right decision last week. In Germany, producer prices fall for the 15th time in a row. This time more than expected. Producer prices fell by 1.4 %, 1.0 % had been expected. Energy in particular became cheaper. The price of other products even rose by an average of 1.5%.
https://www.handelsblatt.com/finanzen/geldpolitik/inflation-rueckgang-der-deutschen-erzeugerpreise-beschleunigt-sich/100081404.html
The truck subsidiary of VW, $8TRA (-0.07%) Traton, can report a significantly better operating result than expected. The net cash flow is also developing strongly. VW holds just under 90% of Traton. Business is particularly good in the USA.
https://www.handelsblatt.com/unternehmen/industrie/auto-vw-lkw-holding-traton-macht-bessere-geschaefte-als-gedacht/100081595.html
$SAP (-1.87%) SAP earns strongly and raises its forecast. Sales increased by 10% to 8.5 billion euros in the third quarter, while profits rose by 28% to 2.28 billion euros. This growth is primarily due to AI applications in the cloud division, which are in demand from customers.
https://www.handelsblatt.com/technik/it-internet/softwarekonzern-sap-gewinn-steigt-um-28-prozent-und-bringt-konzern-ins-dilemma/100081365.html
Tuesday:
After the stop at $INTC (-4.07%) Intel, now the stop at the next highly subsidized chip factory in Saarland. ZF, a domestic company, was even supposed to invest here together with the US company Wolfspeed. ZF is now pulling out of the billion-euro project. Once again it is clear that a planned economy does not work. Subsidized settlements are not a sustainable location policy.
https://www.handelsblatt.com/technik/it-internet/zf-autozulieferer-zieht-sich-aus-wolfspeed-chipfabrik-im-saarland-zurueck/100081423.html
The IMF has also lowered its GDP growth forecast for Germany. This year will probably see stagnation. Growth of 0.8 % is still expected next year. By comparison, Spain is expected to grow by 2.9 % this year. The biggest problems are well known. Too much bureaucracy, too high a tax burden and too much austerity on the part of the state. In such a situation, the state should actually invest more (infrastructure, education, etc.) instead of making savings. However, competitiveness must also be increased.
https://www.handelsblatt.com/politik/deutschland/weltwirtschaft-iwf-prognose-sieht-deutschland-weiter-als-wachstumsschlusslicht/100079427.html
The $MCD (+0.5%) McDonald's share price plummeted after it became known that E. coli cases were probably attributable to it. Yesterday, McDonald's was still in the headlines for Donald Trump's appearance.
https://www.cnbc.com/amp/2024/10/22/mcdonalds-shares-fall-after-cdc-says-e-coli-outbreak-linked-to-quarter-pounders.html
The Bank of Canada is accelerating its interest rate cuts. The key interest rate was cut by 50 basis points on Wednesday. This leaves the interest rate at 3.75%. The central bank now wants growth again now that inflation rates are back in line.
https://www.cbc.ca/amp/1.7360509
Thursday:
The Purchasing Managers' Index in Germany has risen surprisingly sharply. Both the Bundesbank and the IMF expect Germany to stagnate in 2024. The purchasing managers' index figures could point to an upturn. The index rose to 48.4 points, while economists were only expecting 47.6 points. However, the index only signals growth above 50 points ...
https://www.handelsblatt.com/politik/konjunktur/einkaufsmanagerindex-talfahrt-der-deutschen-wirtschaft-gestoppt/100082484.html
Good figures from $RNO (-1.67%) Renault and also $TSLA (-4.32%) Tesla are driving car stocks higher today. Renault was able to increase sales thanks to new models. Although Tesla achieved lower sales than expected, its profits were impressive thanks to cost savings.
https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-renault-steigert-umsatz-mit-vielen-neuen-modellen-siltronic-leidet-unter-schwacher-nachfrage/24098412.html
Friday:
$MBG (-1.31%) Mercedes suffers from weak sales in China. Profits plummet by more than 50% in the third quarter. The return on sales falls below 5%. This puts the company on a par with core brand VW. In any case, too little for a luxury group. At least the cash flow is improving.
https://www.handelsblatt.com/unternehmen/industrie/autobauer-gewinn-von-mercedes-benz-bricht-um-54-prozent-ein/100081520.html
$HFG (-0.1%) Hellofresh delivers Q3 figures that are well above market expectations. Due to the high short ratio, there may now be a short squeeze here. Sales increased by 1.9% to 1.8 billion euros. AEBITDA amounted to 72 million euros, 30 million euros more than expected. Hellofresh lowers its sales forecast but raises its AEBITDA forecast for the full year.
https://stock3.com/news/hellofresh-q3-ebitda-deutlich-ueber-markterwartung-aktie-steigt-deutlich-15599996
Following the Purchasing Managers' Index, the ifo Index also rises surprisingly strongly. The index rose from 85.4 to 86.5 points. Economists had only expected an increase to 85.6 points. The current business situation is therefore being viewed more positively again by managers.
https://www.handelsblatt.com/politik/konjunktur/konjunktur-ifo-index-steigt-unerwartet-kraeftig/100082816.html
Most important dates in the coming week:
Tuesday: 14:00 House price index (USA)
Wednesday: 14:00 Inflation data (DE)
Thursday: 04:00 BoJ interest rate decision (Japan)
What other important dates can you think of?
#immos#inflation#boj
