As every Sunday, the most important news from the past week, as well as the most important dates for the coming week:
https://youtube.com/shorts/det1ceIqZZE?si=_Cl6UOWgFknDbe4D
Sunday:
Trump withdraws the 50% tariff demand after just a few days and postpones it until July 9. The markets thank him. Although there is trading here in the EU on Monday, the stock exchanges in the US remain closed.
https://www.zdf.de/nachrichten/politik/ausland/von-der-leyen-trump-handelsstreit-eu-usa-100.html
Tuesday:
Car sales in Europe pick up slightly. $TSLA (+1,08 %) Tesla, on the other hand, continues to lose ground. Elon Musk's political involvement is likely to affect Tesla's sales in Europe for years to come. BYD has also overtaken Tesla in Europe.
Thursday:
US court partially ends Donald Trump's tariff orgy. It is not yet 100% clear whether this is the final end to the tariffs or just a temporary halt; the US government can probably switch to other ways of enforcing tariffs relatively easily. The market can therefore take the G
https://www.instagram.com/p/DKOy0x8Nm4J/?igsh=MWN4bDg5dXR6MmlsbA==
The US economy is shrinking, albeit less sharply than feared. The annualized decline in the first quarter was 0.2%.
Friday:
Today there was data from the Tokyo Consumer Price Index, at 3.6% YoY the price increase was just above the expectation of 3.5%. The Tokyo Consumer Price Index excluding fresh food captures price changes of goods and services in the Tokyo region, excluding fresh food, whose prices are highly weather-dependent and therefore particularly volatile. The index is published monthly by the japanischen Statistikamt published monthly. As it is published much earlier than the national CPI, this value also serves as an early indicator of national inflation.
https://www.wallstreet-online.de/wirtschaftskalender
These are the most important dates for the coming week:
Monday: 16:00 ISM economic data (USA)
Tuesday: 21:30 Car sales (USA)
Wednesday: 14:15 ECB interest rate decision (EUR)