Jungheinrich Pref Shs

Forklift FTW

17.12.2024

Thyssenkrupp Nucera makes operating loss + Bitcoin with new ATH + Analysts' assessments of various stocks

Thyssenkrupp Nucera $NCH2 (-3,89 %)makes operating loss

As expected, electrolysis specialist Thyssenkrupp Nucera slipped into the operating loss zone in the past financial year 2023/24 (as at the end of September). For the current financial year, the company also expects a loss of 30 million euros in the worst-case scenario, as the thyssenkrupp subsidiary announced in Dortmund on Tuesday. At best, a small profit of 5 million euros is expected. On average, analysts are predicting a small loss. In the 12 months to the end of September, the loss before interest and taxes (EBIT) amounted to 14 million euros, following an operating profit of 25 million euros a year earlier. The Group is targeting sales of 850 million to 950 million euros in the current financial year. The Green Hydrogen segment is expected to contribute between 450 million and 550 million euros. In the past financial year, revenue increased by 30 percent year-on-year to 862 million euros. The hydrogen business was the main contributor to this - sales climbed by 60 percent to 524 million euros. On balance, thyssenkrupp Nucea reported a profit of 11 million euros for continuing operations thanks to high interest income. In the previous year, the net profit amounted to 24 million euros.

New buy signals?

• The major Swiss bank UBS took the valuation of the shares of Jenoptik $JEN (+0,81 %) with a "buy" rating. The Thuringian company is a technology leader with underestimated potential, wrote analyst Olivier Calvet. In pre-market trading on Tradegate, the shares rose by 3.7 percent compared to the Xetra close.
• Also Jungheinrich $JUN3 (-0,4 %) was also driven by a buy recommendation from Citigroup. The shares of the forklift and pallet truck manufacturer rose by 2.7 percent on Tradegate
• Just like the shares of Airbus
  $AIR (-0,84 %) which were upgraded to "buy" by Deutsche Bank and gained 0.9 per cent.
• After business figures Thyssenkrupp Nucera
  $NCH2 (-3,89 %) rose by 4.7 percent on Tradegate at the Xetra close.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks

Telefonica EUR 0.15

STMicroelectronics USD 0.09

• Quarterly figures / company dates USA / Asia

14:30 Pfizer publication of forecast 2025

16:00 Agilent Technologies: Analyst and Investor Day

• Quarterly figures / Company dates Europe

07:00 Thyssenkrupp Nucera Annual Results | Givaudan Pre-close Roundtable Call 4Q

08:00 Thyssenkrupp Nucera Analyst Conference

10:00 Thyssenkrupp Nucera BI-PK

14:00 GlaxoSmithKline: Meet the management: Early pipeline Call

15:00 Givaudan Analyst Conference

• Economic data

09:30 EU: ECB Banking Supervision, Report on SREP 2024 (10:00 Press conference with Banking Supervisor Buch)

10:00 DE: Ifo Business Climate Index December PROGNOSE: 85.5 PREVIOUS: 85.7 Situation assessment PROGNOSE: 84.0 PREVIOUS: 84.3 Business expectations PROGNOSE: 87.5 PREVIOUS: 87.2

11:00 EU: ECB Banking Supervisor Buch, press conference on the presentation of the SREP 2024 report (with ECB Director Elderson)

11:00 DE: ZEW Economic Sentiment Index December FORECAST: 6.2 points previous: 7.4 points Economic Situation FORECAST: -93.0 points previous: -91.4 points | Trade Balance October

14:30 US: Retail Sales November PROGNOSE: +0.6% yoy previous: +0.4% yoy Retail Sales ex Motor Vehicles PROGNOSE: +0.4% yoy previous: +0.1% yoy

15:15 US: Industrial production and capacity utilization November Industrial production PROGNOSE: +0.2% yoy previous: -0.3% yoy Capacity utilization PROGNOSE: 77.2% previous: 77.1%

16:00 US: Inventories October PROGNOSE: +0.2% yoy previous: +0.1% yoy

First small position built up.

For me, this is a very exciting and forward-looking company that even comes from Germany!

$JUN3 (-0,4 %) even offers an attractive dividend yield of 3%.

What do you think of the company?

Analyst updates, 29.11.

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- BOFA raises the price target for SIEMENS ENERGY from EUR 48 to EUR 52. Neutral. $ENR (+2,08 %)

- GOLDMAN raises the target price for DEUTSCHE TELEKOM from EUR 37 to EUR 39. Buy. $DTE (-0,92 %)

- BERENBERG raises the price target for PFIZER from USD 27 to USD 29. Hold. $PFE (+1,49 %)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 14.15 to GBP 16.02. Overweight. $TKWY (+0,68 %)

- WARBURG RESEARCH raises the target price for RATIONAL from EUR 800 to EUR 810. Hold. $RAA (+1,18 %)

- BOFA upgrades SCHNEIDER ELECTRIC from Underperform to Neutral and raises target price from 175 EUR to 255 EUR. $SU (-0,75 %)

- BOFA raises the price target for NORDEX from 17.90 EUR to 19.30 EUR. Buy. $NDX1 (+0,57 %)

- BERENBERG raises the target price for ZALANDO from EUR 29.70 to EUR 38. Buy. $ZAL (-0,7 %)

- WARBURG RESEARCH upgrades WACKER NEUSON from Hold to Buy. Target price EUR 17. $WAC (-0,93 %)

- WARBURG RESEARCH raises the price target for ALZCHEM from EUR 75 to EUR 77.50. Buy. $ACT (-1,9 %)

- ODDO BHF upgrades NORMA GROUP from Neutral to Outperform. Target price EUR 18.10. $NOEJ (-1,36 %)

- BOFA raises the price target for KNORR-BREMSE from EUR 68 to EUR 70. Underperform. $KBX (+0,91 %)

- BOFA upgrades ABB to Buy. $ABBNY (+0,22 %)

- BOFA upgrades KION from Neutral to Buy and raises target price from EUR 39.50 to EUR 48.50. $KGX (+0,89 %)

- BOFA upgrades JUNGHEINRICH from Underperform to Neutral and raises target price from EUR 24 to EUR 26. $JUN3 (-0,4 %)

- BERENBERG raises the price target for GLOBAL FASHION GROUP from EUR 0.23 to EUR 0.27. Hold. $GFG (-1,47 %)

- HSBC raises the price target for DEUTSCHE BÖRSE from EUR 230 to EUR 236. Buy. $DB1 (-0,38 %)

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- KEPLER CHEUVREUX lowers the price target for HUGO BOSS from EUR 59 to EUR 41. Buy. $BOSS (+0,51 %)

- BOFA downgrades GENERALI from Neutral to Underperform and raises target price from EUR 26 to EUR 27. $G (-0,26 %)

- DEUTSCHE BANK RESEARCH lowers the price target for L'OREAL from EUR 335 to EUR 280. Sell. $OR (-0,71 %)

- BOFA lowers the target price for BAE SYSTEMS from GBP 13.75 to GBP 12.40. Underperform. $BA. (-0,57 %)

- BERENBERG lowers the price target for ALLGEIER from EUR 22 to EUR 19. Buy. $0RQZ

Analyst updates, 19.11.

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- JEFFERIES raises the price target for NETFLIX from USD 800 to USD 1000. Buy. $NFLX (+0,09 %)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS from EUR 200 to EUR 210. Buy. $SIE (-0,29 %)

- DZ BANK raises the price target for WALT DISNEY from USD 115 to USD 130. Buy. $DIS (-0,24 %)

- KEPLER CHEUVREUX raises the target price for ALZCHEM from EUR 69 to EUR 73. Buy. $ACT (-1,9 %)

⬇️⬇️⬇️

- BOFA downgrades SIEMENS from Buy to Neutral and raises target price from EUR 196 to EUR 200. $SIE (-0,29 %)

- BERENBERG lowers the price target for BAYER from EUR 28 to EUR 22. Hold. $BAYN (+0,17 %)

- BERENBERG lowers the price target for SMA SOLAR from EUR 21 to EUR 14. Hold. $S92 (+0,6 %)

- DZ BANK downgrades SHOPIFY from Hold to Sell and raises target price from USD 68 to USD 91. $SHOP (+0,9 %)

- STIFEL lowers the price target for BECHTLE from EUR 50 to EUR 45. Buy. $BC8 (+0,82 %)

- WARBURG RESEARCH lowers the price target for JUNGHEINRICH from EUR 49 to EUR 47. Buy. $JUN3 (-0,4 %)

- HAUCK AUFHÄUSER IB lowers the target price for KNAUS TABBERT from EUR 16 to EUR 8. Sell. $KTA (+0,16 %)

- DEUTSCHE BANK RESEARCH lowers the price target for JOST WERKE from EUR 70 to EUR 60. Buy. $JST (+1,33 %)

- GOLDMAN lowers the price target for TEAMVIEWER from EUR 18 to EUR 17. Buy. $TMV (-2,93 %)

Analyst updates, 14.11. 👇🏼

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- JEFFERIES raises the price target for TESLA from USD 195 to USD 300. Hold. $TSLA (-4,58 %)

- WARBURG RESEARCH raises the price target for INIT from EUR 49.50 to EUR 53. Buy $INIT

- WARBURG RESEARCH raises the price target for DEUTSCHE BANK from EUR 21.10 to EUR 21.30. Buy. $DBK (-1,71 %)

- DEUTSCHE BANK RESEARCH raises the price target for AUTO1 from EUR 11 to EUR 12. Buy. $AG1 (+3,11 %)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS ENERGY from EUR 43 to EUR 52. Buy. $ENR (+2,08 %)

- BERENBERG raises the price target for SCOUT24 from EUR 83 to EUR 110. Buy. $G24 (+0,54 %)

- GOLDMAN raises the target price for RIVIAN from USD 10 to USD 12. Neutral. $RIVN (+5,16 %)

- GOLDMAN raises the price target for MOLLER-MAERSK from DKK 12000 to DKK 12300. Neutral. $MAERSK B (-0,66 %)

- UBS raises the price target for CISCO from USD 55 to USD 62. Neutral. $CSCO (+0,68 %)

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- WARBURG RESEARCH downgrades PORSCHE SE from Buy to Hold and lowers price target from EUR 60 to EUR 36. $PAH3 (+0,42 %)

- WARBURG RESEARCH lowers the price target for EXASOL from EUR 6.30 to EUR 6. Buy. $EXL (+3,12 %)

- WARBURG RESEARCH lowers the price target for BRENNTAG from EUR 75 to EUR 69. Buy. $BNR (+0,14 %)

- WARBURG RESEARCH lowers the price target for INFINEON from EUR 43 to EUR 39. Buy. $IFX (-1,35 %)

- DEUTSCHE BANK RESEARCH lowers the price target for VERBIO from EUR 20 to EUR 17. Hold. $VBK (-1,57 %)

- DEUTSCHE BANK RESEARCH lowers the price target for JENOPTIK from EUR 45 to EUR 39. Buy. $JEN (+0,81 %)

- DEUTSCHE BANK RESEARCH lowers the price target for ELRINGKLINGER from EUR 6 to EUR 4.50. Hold. $ZIL2 (+0,48 %)

- DEUTSCHE BANK RESEARCH lowers the price target for BAYER from EUR 29 to EUR 23. Hold. $BAYN (+0,17 %)

- HAUCK AUFHÄUSER IB lowers the target price for SAF-HOLLAND from EUR 30 to EUR 28. Buy. $SFQ (+3,43 %)

- KEPLER CHEUVREUX lowers the target price for RWE from EUR 40 to EUR 36. Buy. $RWE (-0,18 %)

- METZLER lowers the price target for JUNGHEINRICH from EUR 42 to EUR 38. Buy. $JUN3 (-0,4 %)

- BARCLAYS lowers the target price for RTL from EUR 33 to EUR 26.50. Equal-Weight. $RTLL (-0,66 %)

- BERENBERG downgrades VESTAS from Buy to Hold and lowers target price from DKK 180 to DKK 120. $VWS (-2,71 %)

Summary Earnings, 12.11. 👇🏼

$VOD (-0,74 %) | Vodafone Q2/H1 24 Earnings

Q2 Service Rev EU7.64B (est EU7.62B)

H1 Oper Profit EU2.38B (est EU2.41B)

Still Sees FY Adj Free Cash Flow At Least EU2.4B

FY25 Guidance Reiterated

$AZN (+1,05 %) | AstraZeneca Q3 24 Earnings

Core EPS $2.08 (est $2.06)

Rev. $13.57B (est $13.08B)

Raises FY Core Eps View To High Teens Percentage Growth

To Invest $3.5B In R&D And Manufacturing In The US

Upgrades FY Guidance

$9434 (+0,04 %) | SoftBank Q2/H1 Earnings 2024

Q2 SVF Profit 313.14B Yen (est 83.11B Yen)

Q2 Net Income 1.181 Yen (est 294.83B Yen)

Q2 Dividend 22.00 Yen

H1 Net Income 1,011 Yen

H1 Net Sales 3,471 Yen (est 3.42T Yen)

Still FY Dividend 44.00 Yen (est 44.00 Yen)

$BAYN (+0,17 %) | Bayer Q3 24 Earnings

Sales EU9.97B (est EU10.15B)

Core EPS EUO.24 (est EU0.31)

Adj. EBITDA EU1.25B (est EU1.33B)

Sees FY Adj. EBITDA EU10.4B To EU10.7B (est EU10.35B)

Now Sees FY Pharma Outlook At Upper End Of Range

Bayer Confirms Sales Growth Outlook

$IFNNY (-1,26 %) | Infineon Q4 24 Earnings

Rev, EU3.92B (est EU3.98B)

Total Segment Profit EU832M (est EU792.5M)

Infineon Sees Q1 Revenue About EU3.2B (est EU3.77B)

Sees Q1 Rev. About EU3.2B (est EU3.77B)

2025 Revenue Is Expected To 'Slightly' Decline

$BNR (+0,14 %) | Brenntag Q3 24 Earnings:

- Oper EBITA EU281.1M (est EU295.8M)

- Still Sees FY Oper EBITA EU1.1B To EU1.2B

- Cites Challenging Geopolitical, Macroeconomic Operating Conditions

$VBK (-1,57 %) | Verbio recorded an operating loss of 6.6 million euros in the first quarter of the financial year due to a weak biofuel market. Group CEO Claus Sauter expects significant increases in earnings in the second half of the year due to possible new legal regulations.

$JUN3 (-0,4 %) | Jungheinrich faces a subdued business outlook due to the weak economy and expects sales and incoming orders to be at the lower end of the forecast ranges. In the third quarter, however, the company recorded a 6.5 per cent increase in incoming orders to 1.3 billion euros, while sales declined slightly.

$JEN (+0,81 %) | Jenoptik increases its operating result (EBITDA) by 14.9% to 59.1 million euros in the third quarter and confirms its annual targets for 2024 despite an uncertain market environment. Revenue grows by 4.0% to 274.3 million euros, but falls short of expectations

$SIX2 (+0,72 %) | Sixt is again lowering its profit forecast for the full year to a pre-tax profit of around EUR 340 million, while analysts had expected an average of EUR 352 million. Despite a ten percent increase in revenue in the third quarter, the negative impact of falling residual values is expected to remain high.

$SFQ (+3,43 %) | SAF-Holland is lowering its sales expectations for 2024 from EUR 2 billion to EUR 1.95 billion, but is maintaining its target margin of around ten percent for adjusted EBIT. In the third quarter, the company recorded a decline in sales of over 20 percent and a 63 percent drop in net profit to EUR 9.3 million.

$UTDI (-1,53 %) | United Internet reports a slight decline in EBITDA to EUR 978 million in the first nine months due to increased expenses for the 1&1 mobile network. Sales of the 1&1 mobile subsidiary rose by 2.5 percent, but EBITDA fell by nine percent to EUR 463 million, while the sales forecast was lowered.

$IOS (-2,68 %) | Ionos increases sales in the first nine months by almost eight percent to over 1.1 billion euros and adjusted EBITDA by nine percent to 334.5 million euros. The company confirms its annual targets and is optimistic about the remaining months of the financial year.

$KWS (+0,17 %) | KWS Saat increases net sales by 18 percent to 248.6 million euros in the first quarter and reduces its loss before taxes by 19.4 percent to 37.4 million euros. The company confirms its guidance for fiscal 2024/25 and records extraordinary income of EUR110 million from the sale of its South American corn and sorghum business.

Analsyst updates, 08.11.

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- GOLDMAN upgrades BIONTECH from Neutral to Buy and raises price target from USD 90 to USD 137. $BNTX (+0,93 %)

- BOFA raises target price for UNDER ARMOUR from USD 9 to USD 13. Neutral. $UAA (-0,24 %)

- DEUTSCHE BANK RESEARCH raises the price target for DELIVERY HERO from EUR 29 to EUR 35. Hold. $DHE

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS from EUR 197 to EUR 200. Buy. $SIE (-0,29 %)

- JEFFERIES raises the price target for HOCHTIEF from EUR 135 to EUR 138. Buy. $HOT (+0,35 %)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS HEALTHINEERS from EUR 60 to EUR 62. Buy. $SHL (-1,01 %)

- DEUTSCHE BANK RESEARCH raises the price target for NORDEX from EUR 18 to EUR 19. Buy. $NDX1 (+0,57 %)

- DEUTSCHE BANK RESEARCH raises the price target for RATIONAL from 832 EUR to 841 EUR. Hold. $RAA (+1,18 %)

- DEUTSCHE BANK RESEARCH raises the target price for AXA from 37 EUR to 39 EUR. Buy. $CS (-0,84 %)

- WARBURG RESEARCH raises the price target for BASTEI LÜBBE from EUR 11.70 to EUR 12.20. Buy. $BST (-6,37 %)

- DEUTSCHE BANK RESEARCH raises the price target for ARCELORMITTAL from EUR 28 to EUR 29. Buy. $MT (-0,6 %)

- DZ BANK raises the price target for SWISS RE from CHF 130 to CHF 140. Buy. $SREN (+0,04 %)

- ODDO BHF raises the price target for HEIDELBERG MATERIALS from EUR 99 to EUR 110. Neutral. $HEI (-0,69 %)

- KEPLER CHEUVREUX raises the price target for DAIMLER TRUCK from EUR 35 to EUR 41. Hold. $DTG (-0,16 %)

- KEPLER CHEUVREUX upgrades REDCARE PHARMACY from Reduce to Hold. $RDC (+1,71 %)

- ODDO BHF raises the price target for HENKEL from EUR 67 to EUR 73. Neutral. $HEN (+0,54 %)

- ODDO BHF raises the price target for FREENET from EUR 27 to EUR 28. Neutral. $FNTN (-1,23 %)

- BARCLAYS raises the target price for ABOUT YOU from EUR 3.10 to EUR 3.40. Underweight. $YOU (+0,31 %)

- BARCLAYS raises the target price for NEMETSCHEK from EUR 108 to EUR 125. Overweight. $NEM (+1,42 %)

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- BOFA lowers the price target for PINTEREST from USD 45 to USD 39. Buy. $PINS

- WARBURG RESEARCH lowers the price target for DAIMLER TRUCK from EUR 56 to EUR 55. Buy. $DTG (-0,16 %)

- UBS lowers the price target for JCDECAUX from EUR 21.60 to EUR 18.50. Neutral. $DEC (-0,44 %)

- WARBURG RESEARCH lowers the price target for ADTRAN HOLDING from EUR 9.70 to EUR 9.30. Buy. $ADTN (-3,05 %)

- ODDO BHF lowers the price target for NORDEX from EUR 18 to EUR 17. Outperform. $NDX1 (+0,57 %)

- BARCLAYS lowers the target price for VESTAS from DKK 99 to DKK 80. Underweight. $VWS (-2,71 %)

- KEPLER CHEUVREUX lowers the price target for FRAPORT from EUR 62 to EUR 59. Buy. $FRA (+5,53 %)

- BARCLAYS lowers the target price for GSK from GBP 15.50 to GBP 14.50. Equal-Weight. $GSK

- BERENBERG lowers the price target for COMPUGROUP from EUR 23 to EUR 21. Buy. $COP (+0,05 %)

- BERENBERG lowers the price target for JUNGHEINRICH from EUR 41 to EUR 39. Buy. $JUN3 (-0,4 %)

- JEFFERIES lowers the target price for SUSS MICROTEC from EUR 87 to EUR 75. Buy. $SMHN (+0,76 %)

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/N2Ux73t4Z70?si=qkahQMBuwcfTOfpx

Monday:

Another increase in orders for German industry, orders rose by 0.2% in September. A decline of one percent was expected. However, the August figures had to be revised downwards significantly. In addition, different sectors are developing very differently. Mechanical engineering is doing much better than vehicle construction.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-deutsche-industrie-mit-erneutem-auftragsplus-im-september/29483256.html

Sentiment in companies has fallen to its lowest level since 2020. The Purchasing Managers' Index fell to 46.5 points. The worst it has been in 35 months. Less than 50 points signal an economic contraction.

https://www.handelsblatt.com/dpa/eurozone-unternehmensstimmung-sackt-auf-tief-seit-november-2020/29483490.html

$RYA (-0,42 %) Ryanair achieves a record profit and introduces a regular dividend. In future, 25 % of profits will always be distributed. Previously there were only special dividends. The company is benefiting from high demand and expects a profit of between EUR 1.85 and 2.05 billion for the financial year.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/luftfahrt-ryanair-chef-michael-oleary-fliegt-zum-rekordgewinn/29483640.html

$BNTX (+0,93 %) Biontech remains profitable despite a slump in demand for vaccines. A profit of EUR 161 million was achieved in Q3. The sales forecast for 2023 has been reduced from EUR 5 billion to EUR 4 billion.

https://www.swr.de/swraktuell/rheinland-pfalz/mainz/mainzer-impfstoffhersteller-biontech-legt-zahlen-fuer-drittes-quartal-2023-vor-100.html

Tuesday:

$EVK (-0,02 %) Evonik makes sales of EUR 4.9 billion, 23% less than in the same quarter last year. The bottom line was a loss of EUR 96 million. The forecast is maintained.

https://www.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-umsatz-von-evonik-bricht-ein-daimler-truck-steigert-gewinn/24098412.html

In contrast to the other western industrialized nations, Australia is raising its key interest rates to 4.35 %. Inflation remains stubbornly high and is not yet in the 2 - 3 % range.

https://www.ft.com/content/60aa314b-b8e2-4299-ac0e-d212f6d1ae0b

$O2D (-0,24 %) Telefonica Deutschland is fully taken over by the parent company. The share price rises again as a result. The Spanish parent company offers the minority shareholders a price of EUR 2.35 per share in this squeeze-out. A premium of more than 37% on the previous share price.

https://www.handelsblatt.com/finanzen/maerkte/marktberichte/dax-aktuell-dax-bleibt-im-konsolidierungsmodus-uebernahmenofferte-beschert-telefonica-deutschland-kurssprung/100000566.html

Wednesday:

$BAYN (+0,17 %) Bayer disappoints with its quarterly figures. Instead of an expected EBITDA of EUR 1.725 billion, it was only EUR 1.685 billion. Sales slumped by 8% due to the poor performance of the agricultural division. Bayer is nevertheless sticking to its forecast. We continue to hold on to Bayer in our public portfolio, things can hardly get any worse.

https://www.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-continental-profitiert-von-preiserhoehungen-schwache-agrargeschaefte-belasten-bayer/24098412.html

The $DHL (+0,13 %) DHL Group has been accused of conservative forecasts by analysts. However, they were probably not conservative enough. The Group had to cut its forecast. The maximum EBIT for 2023 is now only EUR 6.6 billion. Revenue fell by almost a fifth to EUR 19.4 billion in the third quarter.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/deutsche-post-dhl-kappt-erwartungen-fuer-2023/29487300.html

Retail sales in the eurozone continue to fall. In September, the figure was 0.3 % down on the expected 0.2 %. Nevertheless, the stock market was able to continue its successful trend reversal today.

https://stock3.com/news/eur-usd-eu-einzelhandelsumsaetze-gehen-zurueck-13542061

Thursday:

Inflation in China remains at a low level. According to the National Bureau of Statistics, core inflation is at 0.6% (excluding food and fuel). Imports also rose significantly, while exports shrank. Foreign direct investment was negative for the first time ever. The days of Chinese investors buying up a new company every week seem to be over for the time being.

https://www.n-tv.de/wirtschaft/der_boersen_tag/Anstieg-der-Inflation-in-China-article24519017.html

The announcement by $ADYEN (-0,21 %) Adyen to become more profitable boosted the share price on Thursday.

https://www.t-online.de/finanzen/boerse/ticker/aktie-im-fokus-adyen-mit-kurssprung-mittelfristziele-staerken-vertrauen/0DAED20095330206/

Fed Chairman Jerome Powell explained in a speech at the IMF meeting that the monetary authorities are not convinced that interest rates are sufficiently restrictive. In other words, there may well be further interest rate hikes. This depressed sentiment on the stock market.

https://www.handelsblatt.com/finanzen/geldpolitik/us-notenbank-fed-chef-jerome-powell-haelt-sich-weitere-zinserhoehung-offen/29493472.html

Friday:

Allianz $ALV (-0,66 %) Allianz makes significantly less profit. Operating profit slumped by 14.6% to EUR 3.5 billion in the past quarter. This was mainly due to storms in the Alps in the summer.

https://www.handelsblatt.com/finanzen/banken-versicherungen/versicherer/versicherungskonzern-unwetter-im-alpenraum-verderben-der-allianz-den-gewinn/29493768.html

$JUN3 (-0,4 %) Jungheinrich only reports a slight increase in incoming orders. Analysts had expected more. EBIT fell by 1% to EUR 103 million.

https://www.investor-verlag.de/aktien-und-aktienhandel/deutschland/jungheinrich-aktie/jungheinrich-aktie-gewinn-rueckgang-belastet/

Poor consumer confidence data from the USA, the value was 60.4, 63.7 was expected, mainly due to higher consumer inflation expectations.

https://finanzmarktwelt.de/us-verbrauchervertrauen-schwach-erwartungen-fuer-inflation-steigen-deutlich-290739/?amp

The most important dates for the coming week:

Monday: 11:00 Growth forecast (EU)

Tuesday: 11:00 Economic Sentiment (DE)

Wednesday: 03:00 Retail Sales (China)

Thursday: 14:30 Manufacturing Index (USA)

Friday: 14:30 Building Permits (USA)

$JUN3 (-0,4 %) Today #dividende get paid out. Small livestock also makes manure and from many small piles of manure eventually becomes a large.... 😉