The FED interest rate decision is today at 8 pm + Ceconomy targets significantly higher operating profit + Jefferies ranks SAP among 'Top Picks' in Europe - 'Buy'
The Fed is expected to cut the key interest rate by a further 25 basis points.
cut. "More exciting than the interest rate decision itself is the update of the Fed's
the Fed's forecasts for 2025, 2026 and 2027," wrote market expert
Thomas Altmann from QC Partners. So far, the central bank has avoided
Donald Trump's election as the next US president. But now
Fed members could no longer avoid discussing the effects of Trump's economic
economic policy on inflation, growth and the key interest rate.
Ceconomy $CEC (-2,46 %)with new dividend policy
- The MediaMarkt and Saturn parent company Ceconomy intends to earn significantly more operationally in the new financial year.
- It is also realigning its dividend policy. In future, 10 to 25 percent of earnings per share will be passed on to shareholders, the SDax company announced on Wednesday.
- In previous years, there was nothing as a result of the Convergenta transaction.
- Earnings per share (EPS) for the completed financial year 2023/24 amounted to 16 cents after a loss of 8 cents in the same period of the previous year.
- The new target for the payout ratio, which is significantly lower than the previous one, and earnings per share result in a dividend of between 1.6 and 4 cents for the 2023/24 financial year. Analysts surveyed by Bloomberg had previously expected a dividend of 7.5 cents on average.
- Ceconomy last paid a dividend of 17 cents for the 2020/21 financial year.
- Thanks to strict cost control, Ceconomy was back in the black in the past financial year: Net profit amounted to 77 million euros. In the previous year, the company had posted a loss of 37 million euros.
- However, analysts had hoped for more.
SAP $SAP (-0,03 %)a top pick for 2025?
- The analyst firm Jefferies ranks SAP among the "top picks" in Europe for 2025.
- As analyst Raj Jilka wrote in a strategy study published on Tuesday, the general argument for investors to invest in the USA in the coming year is well known.
- However, the difference in valuation compared to European companies is simply too great to ignore.
- Against this backdrop, the expert left SAP at "buy" with a target price of 255 euros.
- The software group is in the middle of a sustainable product cycle, which will enable it to escape the generally difficult environment for IT spending.
Wednesday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
Salesforce USD 0.40
- Quarterly figures / company dates Europe
07:00 Ceconomy detailed annual results
09:00 Ceconomy analyst conference
11:00 Birkenstock quarterly figures | Ceconomy PK
- Economic data
08:00 DE: Manufacturing orders on hand and backlog October | Building permits February
08:00 UK: Consumer prices November Forecast: +0.2% yoy/+2.6% yoy Previous: +0.6% yoy/+2.3% yoy Core Forecast: +0.1% yoy/+3.5% yoy Previous: +0.4% yoy/+3.3% yoy
11:00 EU: Consumer prices November Eurozone PROGNOSE: -0.3%gg FM/+2.3% yoy Previous estimate: -0.3%gg FM/+2.3% yoy Previous estimate: +0.3%gg FM/+2.0% yoy Core rate PROGNOSE: -0.6%gg FM/+2.7% yoy Previous estimate: -0.6%gg FM/+2.7% yoy Previous estimate: +0.2%gg FM/+2.7% yoy
14:30 US: Housing starts/permits November housing starts FORECAST: +2.2% yoy previous: -3.1% yoy Building Permits FORECAST: +1.0% yoy previous: -0.6% yoy
14:30 US: Current account 3Q FORECAST: -286.6 bn USD 2nd quarter: -266.8 bn USD
16:30 US: Crude oil inventory data (week) from the Energy Information Administration (EIA) December
20:00 US: Fed, outcome of FOMC meeting Fed funds target rate FORECAST: 4.25% to 4.50% Previous: 4.50% to 4.75%
20:30 US: Fed Pk
