As every Sunday, the most important news of the last week and the most important stock market dates of the coming week.
Here are the most important dates in the
video:
https://youtube.com/shorts/CPYU-fM1ZLo?si=u16Y7Zt-tQgee-P6
Monday:
The inflation rate in #norwegen 🇳🇴 drops significantly in August. The inflation rate is still 4.8%, expected 5.2%. A good development, but one that is unlikely to have much impact on the interest rate decision on Thursday.
https://tradingeconomics.com/norway/inflation-cpi
The share of $MTX (+0.5%) MTU slumped after a profit warning. There are probably safety problems with engines.
Tuesday:
The troubled project developer $2007 Country Garden from China can apparently defer payments again. The share gains slightly.
The ZEW Indicator of Economic Sentiment improved slightly in September. The index rose from -12.3 to -11.4. Most recently, there was also information that car sales in China are recovering somewhat.
Wednesday:
The EU 🇪🇺 begins investigations into China's massive subsidies for electric cars. In case of doubt, they want to protect the European market from cheaper Chinese e-cars.
Inflation in the U.S. 🇺🇸 is 3.7%, slightly higher than expected. In July, inflation was still at 3.2%. However, core inflation fell significantly from 4.7% to 4.3%. Core inflation is particularly relevant for the Fed. So there is a lot to be said for an interest rate pause. However, the Fed could raise rates again if inflation rises permanently.
Thursday:
Chip designer $ARM arm will come to the NASDAQ with prices at the upper end of the subscription range. The market value would be a total of 54.4 billion USD for the 51 USD share certificates. The issue volume would thus be USD 4.87 billion, the largest IPO of the year. The British chip designer arm is thus valued at a P/E ratio of 100. The P/E ratio is also around 25, which means that a lot of future growth is already priced in.
The #ezb is raising interest rates for the tenth time in succession. The key interest rate is now 4.5%. Interest rates were raised by 25 basis points to 4.5%. The rate hike had been somewhat indicated by the inflation data, however, many have also expected a pause in interest rates.
Friday:
Further signals of economic easing in China. Spending on shopping is on the rise. Industrial production rose sharply again in August. However, there are further falling prices in real estate. Experts reckon that in many top cities, prices have fallen by at least 15 percent for half of the properties.
https://www.wsj.com/world/china/chinas-economy-shows-fresh-signs-of-fragile-recovery-f20b32f2
$VOW3 (+0.85%) Volkswagen is losing market share in China, but is hardly lowering prices compared to its competitors. Overall, Volkswagen is also able to sell significantly more cars globally in August than a year ago. Sales rose by 5.4% to 740,100 vehicles.
Profit-taking at $ADBE (+0.15%) Adobe after the figures. Overall, the figures were above expectations. Among other things, net income increased from USD 1.1 billion to USD 1.4 billion in the third quarter, slightly exceeding expectations.
Monday: 12:00 Monthly Report Bundesbank (DE)
Tuesday: 14:30 Building permits (USA)
Wednesday: 20:00 FED interest rate decision (USA)
Thursday: 9:30 SNB interest rate decision (Switzerland)
Friday: 05:00 BoJ interest rate decision (Japan)