As every Sunday, the most important dates for the coming week, as well as the news from the previous week.

The dates are also available as a video:

https://youtube.com/shorts/6nu4aDqgxSU?si=Ct0gxxjB9Zyz-i-k

Monday:

Bayer is already earning money with the blockbuster drug Kerendia. $BAYN (+3,44 %) Bayer is already making money with the blockbuster drug Kerendia. The aim now is to use the drug in other areas as well. Good figures are available for the heart and kidney drug, which should possibly enable approval for heart failure.

https://www.deraktionaer.de/artikel/pharma-biotech/bayer-enormes-wachstumspotenzial-20365248.html

$VOW (-0,25 %) VW is discussing lifting the employment guarantees. This is of course well received on the stock market, as it gives VW greater flexibility in the challenging environment of the automotive industry, which is likely to be characterized by consolidation in the coming years. VW recently missed its own profitability targets, so now personnel costs are to be reduced.

https://www.handelsblatt.com/unternehmen/industrie/vw-volkswagen-will-beschaeftigungsgarantie-kippen-und-werk-schliessen/100065225.html

Tuesday:

Activity in the manufacturing sector in the USA 🇺🇸 fell much more sharply than expected in August. The production index fell to 44.8 points.

https://www.finanzen.at/nachrichten/aktien/ism-index-us-industrie-verzeichnet-im-august-geringeren-zuwachs-als-prognostiziert-1033744127

Wednesday:

Producer prices within the EU have fallen further. In the EU by 1.9% compared to July 2023, in the euro area by 2.1%.

https://ec.europa.eu/eurostat/de/web/products-euro-indicators/-/4-04092024-ap#:~:text=Im%20Juni%202024%20waren%20die,EU%20um%201%2C9%25.

The Canadian 🇨🇦 central bank has now cut the key interest rate again. Again by 25 basis points, the third cut in a row since June 2024. The key interest rate is still at 4.25 %.

https://www.ctvnews.ca/business/bank-of-canada-cuts-key-interest-rate-for-third-consecutive-time-1.7024630

Thursday:

$BMW (+0,81 %) BMW enters into a cooperation with Toyota for fuel cell drive systems and promises to halve the costs. BMW wants to start series production with fuel cell technology as early as 2028. Mercedes and VW, on the other hand, have scaled back their fuel cell ambitions for the time being.

https://www.handelsblatt.com/unternehmen/industrie/wasserstoff-bmw-bringt-brennstoffzellenauto-ab-2028-in-serienproduktion/100065755.html

Friday:

In the USA 🇺🇸, fewer jobs were created than expected, with 140,000 instead of 160,000. As a result, the unemployment rate has fallen again to 4.2%. Nevertheless, the labor market data paves the way for the first interest rate cut in the US. The only question now is whether it will be 50 basis points or just 25 basis points.

https://www.handelsblatt.com/politik/konjunktur/arbeitsmarkt-us-arbeitslosenquote-sinkt-weniger-neue-jobs-im-august/100066758.html

Key dates for the coming week:

Wednesday: 03:00 Presidential debate (USA)

Thursday: 14:15 Interest rate decision (Eurozone)

Thursday: 14:30 Producer prices (USA)