The profit forecasts for the current financial year have risen for 21 of the 40 DAX companies.

According to research by Handelsblatt, analysts have raised their profit estimates for these 7 of the 40 DAX companies by at least five percent in the last three months.

Handelsblatt sheds light on the prospects of these seven companies and their shares with a view to their prospects: the development of earnings this year, the resulting changes in valuation - and how analysts are positioning themselves.

Below is a brief overview, details with further information can be found at "Handelsblatt"

$ENR (-4,27 %) The earnings forecasts for Siemens Energy shares are rising most rapidly

$DBK (+0,12 %) Deutsche Bank share: Rising profits cause valuation to fall sharply

For $QGEN Qiagen: Difficult times after the pandemic are over

$VNA (+0,26 %) Vonovia makes billions in profit after billions in losses

$ZAL (-1,25 %) Zalando: Takeover gives new share price potential

$MTX (-3,41 %) MTU: Global market leader generates stable earnings

$DTE (+0,67 %) Deutsche-Telekom: Unusually strong vote from analysts

Source / Graphics: Handelsblatt, 18.02.25

$NKE (-0,48 %) I'll wait until 52 - maybe I'll miss it, but it's okay

$ENPH (-1,43 %) from now until 47 on a bullish impulse

$VNA (+0,26 %) - already have a position but add here at Retraces.

$BABA (+5,86 %) - I already have a position, but I'll add at Retraces.

$PYPL (-2,73 %) - DCA from now on , 72, 63, 54

28.11.2024

Uniper raises profit outlook for 2024 - reserves released + Swinging stock market continues with price gains + Rents in Germany will rise in 2025

The nationalized energy group Uniper $UN01 is more optimistic about the end of the financial year due to the reversal of a provision. The company announced on Wednesday evening that adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) will be between 2.5 and 2.8 billion euros in 2024. Uniper had previously expected between 1.9 and 2.4 billion euros. Adjusted net profit is expected to amount to 1.5 to 1.8 billion euros. Most recently, the company had assumed a maximum of 1.5 billion euros. Uniper has resolved long-standing legal disputes by way of a settlement, the company said. This will lead to a reversal of the provision formed for this purpose, which will be recognized in profit or loss for the 2024 financial year in the fourth quarter. Investors welcomed the news. The Uniper share recently rose by 3 percent compared to the Xetra closing price on the Tradegate trading platform.

The search for direction on the DAX $GDAXI could continue with price gains on Thursday. Two hours before the Xetra start, the broker IG valued the leading German index 0.4 percent higher at 19,336 points. It thus stands out slightly from the international stock markets. In the USA, the indices had shown weakness on the day before the Thanksgiving holiday and in Asia the picture was mixed with gains in Japan and losses in China. Reports that the USA, under the leadership of outgoing President Joe Biden, is considering new sanctions to restrict Beijing's access to important semiconductors weighed particularly heavily on Hong Kong. Japanese shares rose due to the weakness of the yen.

Rents at LEG real estate $LEG (-0,46 %) are rising. "We will increase rents slightly more in 2025," Lars von Lackum, CEO of Germany's second-largest real estate group LEG Immobilien, told Handelsblatt. "We assume that the increase in rents will be above 4 percent." In the current year, the Düsseldorf-based company, which has more than 166,000 apartments, expects its privately financed rents to grow by 3.8 to 4.0 percent. Its larger rival Vonovia $VNA (+0,26 %) has already announced that rents will rise in 2025. When presenting its nine-month figures, the DAX-listed group forecast rental growth of around 4 percent for 2025. The pressure on rents will therefore continue in the coming year. Lackum also justified the further increases with the effects of the rent index, which will only gradually allow rents to be adjusted to inflation. (Handelsblatt)

Thursday: Stock market dates, economic data, quarterly figures

Stock exchanges in the USA closed (Thanksgiving Day)

ex-dividend of individual stocks

Imperial Brands GBP 0.54

Quarterly figures / company dates Europe

07:00 Adler Group quarterly figures

07:30 Manz quarterly figures

08:00 Deutsche Beteiligungs AG Annual results

No time specified:

- Delivery Hero: Subsidiary Talabat: Last day to subscribe for shares for private and institutional investors

- Rational AG: Capital market day

- Remy Cointreau half-year figures

Economic data

• 02:00 KR: Bank of Korea, outcome of the Monetary Policy Council Base Rate meeting PROGNOSIS: 3.25% previously: 3.25%
• 09:00 ES: HICP and consumer prices (preliminary) November HICP PROGNOSE: +2.3% yoy previously: +1.8% yoy
• 10:00 EU: ECB, M3 money supply and lending October M3 money supply FORECAST: +3.4% yoy previously: +3.2% yoy
• 11:00 EU: Economic Sentiment Index November Economic Sentiment Eurozone PROGNOSE: 95.1 PREV: 95.6 Industrial confidence Eurozone PROGNOSE: -13.0 PREV: -13.0 Consumer confidence Eurozone PROGNOSE: -13.7 PREV: -13.7 PREV: -12.5
• 14:00 DE: Consumer Prices (preliminary) November FORECAST: -0.2% yoy/+2.3% yoy Previous: +0.4% yoy/+2.0% yoy HICP FORECAST: -0.5% yoy/+2.6% yoy Previous: +0.4% yoy/+2.4% yoy

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- GOLDMAN raises the price target for DELL from USD 155 to USD 165. Buy. $DELL (-1,59 %)

- GOLDMAN raises the price target for ANALOG DEVICES from USD 247 to USD 261. Buy. $ADI (-0,67 %)

- GOLDMAN raises the price target for HP INC from USD 35 to USD 38. Neutral. $HPQ (-0,12 %)

- WARBURG RESEARCH raises the price target for VONOVIA from EUR 40.20 to EUR 42.30. Buy. $VNA (+0,26 %)

- WARBURG RESEARCH upgrades STRATEC from Hold to Buy. Target price 40 EUR. $SBS4

- DEUTSCHE BANK RESEARCH raises the price target for DEUTSCHE BÖRSE from EUR 235 to EUR 237. Buy. $DB1 (-0,57 %)

- MORGAN STANLEY raises the target price for DEUTSCHE TELEKOM from EUR 33 to EUR 38. Overweight. $DTE (+0,67 %)

- GOLDMAN raises the price target for TRATON from EUR 31.80 to EUR 35.50. Neutral. $8TRA (-0,07 %)

- GOLDMAN raises the price target for BRENNTAG from EUR 94 to EUR 95. Buy. $BNR (+0,43 %)

- BERENBERG upgrades EQUINOR from Hold to Buy and raises target price from NOK 290 to NOK 325. $EQNR (-0,16 %)

- JPMORGAN raises the target price for BEIERSDORF from EUR 150 to EUR 160. Overweight. $BEI (+0,37 %)

- JPMORGAN upgrades HENKEL from Neutral to Overweight and raises target price from EUR 82 to EUR 100. $HEN (-0,41 %)

- JPMORGAN upgrades BRITISH AMERICAN TOBACCO to Neutral. $BATS (-1,84 %)

- JPMORGAN raises the price target for EON from EUR 15.50 to EUR 16. Overweight. $EOAN (+0,41 %)

- JPMORGAN raises the target price for AUTO1 from EUR 12.10 to EUR 17.10. Overweight. $AG1 (+0,69 %)

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- STIFEL lowers the price target for SIEMENS from EUR 207 to EUR 202. Buy. $SIE (-0,45 %)

- JPMORGAN lowers the price target for HP INC from USD 41 to USD 40. Overweight. $HPQ (-0,12 %)

- WARBURG RESEARCH lowers the price target for LANXESS from EUR 40 to EUR 37. Buy. $LXS (+0,14 %)

- CITIGROUP lowers the price target for BASF from EUR 49 to EUR 46. Neutral. $BAS (+1,69 %)

- RBC lowers the target price for COMMERZBANK from EUR 18 to EUR 17.25. Sector Perform. $CBK (-0,9 %)

- RBC lowers the target price for ING from EUR 17.50 to EUR 16.75. Sector-Perform. $ING (-0,3 %)

- RBC lowers the price target for BNP PARIBAS from EUR 79 to EUR 78. Outperform. $BNP (+0,41 %)

- JPMORGAN lowers the price target for ELRINGKLINGER from EUR 6.70 to EUR 6. Neutral. $ELLRY (-6,67 %)

- JPMORGAN lowers the price target for SYMRISE from EUR 130 to EUR 120. Overweight. $SY1 (+0,2 %)

The current state of the real estate market: Vonovia, Deutsche Wohnen and the challenges of 2024

The German real estate market will remain in a difficult phase in 2024, characterized by high interest rates, falling demand for properties to buy and rising operating costs. This particularly affects major players such as $VNA (+0,26 %) and $DWNI (-0,22 %) which are facing significant challenges despite their market position.

Vonovia and Deutsche Wohnen: quarterly figures and strategies

Vonovia generated stable income from rental income in the third quarter of 2024, which remained largely constant at an average of EUR 7.94/sqm. The real estate value of the portfolio is around EUR 82.6 billion. Nevertheless, value adjustments and higher operating costs had a negative impact on earnings. In addition, numerous real estate projects were sold, including 11 development projects for 488 million euros and a further 10 projects for 516 million euros. Vonovia is thus responding to the difficult market conditions, in particular by reducing debt and concentrating on core areas.

Deutsche Wohnen, as part of Vonovia, is also suffering from the structural challenges of the market. The focus remains on stable rental income, but the impact of increased financing costs and regulatory intervention in the rental market in Berlin is putting further pressure on results.

Real estate market: rising interest rates and falling demand

The general market situation has deteriorated due to persistently high interest rates, making both investors and buyers of residential real estate cautious. Residential construction in particular is suffering, as higher construction costs and financing conditions are making new construction projects less attractive. German banks are critical of the prospects for the sector, as a further bottoming out of real estate values is not expected until next year.

Banks and analysts: forecasts and recommendations

Analysts from the major banks have adjusted their expectations for Vonovia and Deutsche Wohnen. While rental yields remain attractive, many banks recommend caution when investing in real estate companies. The high interest rates and uncertain market outlook are putting pressure on margins, which is why analysts view a strategic focus on cost management and debt reduction positively.

Conclusion

Vonovia and Deutsche Wohnen are responding to the crisis in the real estate market with strategic sales and a focus on their core segments. However, the situation remains tense as high interest rates and economic uncertainties are slowing down the market's recovery. Analysts see long-term potential, but emphasize the need for a more stable interest rate environment and government measures to promote housing.

Vonovia Interim Report Q3 2024

Handelsblatt Immobilienmarktanalyse

Analyst updates, 25.11.

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- MORGAN STANLEY upgrades ROBINHOOD to Overweight. Target price USD 55. $HOOD (-7,16 %)

- BARCLAYS raises the price target for DEUTSCHE TELEKOM from EUR 37 to EUR 39.50. Overweight. $DTE (+0,67 %)

- BERENBERG raises the target price for SIEMENS ENERGY from EUR 35 to EUR 70. Buy. $ENR (-4,27 %)

- UBS raises the target price for RHEINMETALL from EUR 570 to EUR 630. Neutral. $RHM (-1,89 %)

- BARCLAYS raises the price target for 1&1 from EUR 17 to EUR 20. Equal-Weight. $1U1 (+1,37 %)

- DEUTSCHE BANK RESEARCH upgrades VESTAS from Hold to Buy. $VWS (-1,47 %)

- DEUTSCHE BANK RESEARCH raises the price target for VONOVIA from EUR 33 to EUR 38. Buy. $VNA (+0,26 %)

- DEUTSCHE BANK RESEARCH raises the price target for TAG IMMOBILIEN from EUR 16 to EUR 18. Buy. $TEG (-0,85 %)

- DEUTSCHE BANK RESEARCH upgrades AROUNDTOWN from Sell to Hold. Target price EUR 2.80. $AT1 (+0,28 %)

- DEUTSCHE BANK RESEARCH raises the price target for LEG IMMOBILIEN from EUR 90 to EUR 105. Buy. $LEG (-0,46 %)

- DEUTSCHE BANK RESEARCH upgrades DEUTSCHE WOHNEN from Hold to Buy and raises target price from EUR 19 to EUR 28. $DWNI (-0,22 %)

- STIFEL raises the price target for NOVARTIS from CHF 106 to CHF 109. Hold. $NUVN

- DEUTSCHE BANK RESEARCH upgrades JD SPORTS FASHION from Sell to Hold. $JD. (-1,25 %)

- DEUTSCHE BANK RESEARCH raises the price target for ALSTOM from EUR 22 to EUR 25. Buy. $ALO (-2,19 %)

- MORGAN STANLEY raises the price target for DEUTSCHE BÖRSE from EUR 213 to EUR 232. Equal-Weight. $DB1 (-0,57 %)

- KEPLER CHEUVREUX raises the target price for ECKERT & ZIEGLER from 57.30 EUR to 60.30 EUR. Buy. $EUZ (-2,2 %)

- BARCLAYS raises the target price for UNITED INTERNET from EUR 23 to EUR 26. Equal-Weight. $UTDI (+0,66 %)

- JEFFERIES raises the price target for HEIDELBERG MATERIALS from 142.10 EUR to 145.50 EUR. Buy. $HEI (+0,51 %)

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- DEUTSCHE BANK RESEARCH lowers the price target for KION from EUR 55 to EUR 50. Buy. $KGX (-0,36 %)

- DEUTSCHE BANK RESEARCH lowers the price target for CTS EVENTIM from EUR 114 to EUR 106. Buy. $EVD (+0,29 %)

- GOLDMAN downgrades ORSTED from Buy to Neutral and lowers target price from DKK 520 to DKK 445. $ORSTED (-1,82 %)

- DEUTSCHE BANK RESEARCH lowers the price target for H&M from SEK 200 to SEK 190. Buy. $HM B (+0,62 %)

- MORGAN STANLEY lowers the price target for MERCK KGAA from EUR 200 to EUR 190. Overweight. $MRK (+2,28 %)

- BARCLAYS lowers the target price for THYSSENKRUPP from EUR 4.40 to EUR 4. Underweight. $TKA (+0,54 %)

- MORGAN STANLEY downgrades ING to Equal-Weight. Target price EUR 17.50. $ING (-0,3 %)

- JPMORGAN lowers target price for RWE from EUR 48 to EUR 47.50. Overweight. $RWE (+1,08 %)

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- DEUTSCHE BANK RESEARCH raises its price target for BMW from EUR 90 to EUR 95. Buy. $DBK (+0,12 %)

- BERNSTEIN raises the price target for QUALCOMM from USD 200 to USD 215. Outperform. $QCOM (-4,11 %)

- UBS raises the price target for LYFT from USD 13 to USD 18. Neutral. $LYFT (-2,42 %)

- BARCLAYS raises the price target for SIEMENS HEALTH from EUR 60.50 to EUR 62.50. Overweight. $SHL (+0,45 %)

- WARBURG RESEARCH raises the price target for KONTRON from EUR 28 to EUR 28.40. Buy. $KTN (-1,29 %)

- UBS upgrades KINGSPAN GROUP from Neutral to Buy. Target price 90 EUR. $KRX (+12,9 %)

- WARBURG RESEARCH raises the price target for ZEAL NETWORK from EUR 59 to EUR 64. Buy. $TIMA (-1,47 %)

- GOLDMAN raises the price target for VONOVIA from EUR 42.70 to EUR 43.70. Buy. $VNA (+0,26 %)

- BARCLAYS raises the price target for AHOLD DELHAIZE from EUR 30 to EUR 31. Equal-Weight. $AD (+0,12 %)

- BARCLAYS raises the target price for FMC from EUR 38.50 to EUR 39. Equal-Weight. $FMC (+0,25 %)

- JPMORGAN raises the target price for COMMERZBANK from EUR 18 to EUR 18.40. Overweight. $CBK (-0,9 %)

- JPMORGAN raises the target price for PUMA SE from EUR 40 to EUR 44. Neutral. $PUM (+1,1 %)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 13.96 to GBP 14.15. Overweight. $TKWY (+0,67 %)

⬇️⬇️⬇️

- JEFFERIES downgrades PALANTIR from Hold to Underperform. Target price USD 28. $PLTR (-3,33 %)

- DEUTSCHE BANK RESEARCH lowers the price target for NOVO NORDISK from DKK 1100 to DKK 1000. Buy. $NOVO B (+5,32 %)

- RBC lowers the price target for NIKE from 82 USD to 80 USD. Sector Perform. $NKE (-0,48 %)

- ODDO BHF downgrades ASM INTERNATIONAL to Outperform. Target price EUR 960. $ASM (-0,78 %)

- KEPLER CHEUVREUX downgrades HENSOLDT from Buy to Hold. Target price EUR 34. $HAG (+0,92 %)

- DEUTSCHE BANK RESEARCH lowers the price target for ZALANDO from EUR 40 to EUR 36. Buy. $ZAL (-1,25 %)

- DEUTSCHE BANK RESEARCH lowers the price target for VESTAS from DKK 165 to DKK 150. Hold. $VWS (-1,47 %)

- BOFA downgrades SIEMENS ENERGY from Buy to Neutral. Target price EUR 40. $ENR (-4,27 %)

- METZLER lowers the price target for VONOVIA from EUR 28.50 to EUR 28. Sell. $VNA (+0,26 %)

- BARCLAYS lowers the price target for TEAMVIEWER from EUR 18 to EUR 15.50. Overweight. $TMV (+1,21 %)

- WARBURG RESEARCH lowers the price target for KLÖCKNER & CO from EUR 6 to EUR 5.70. Buy. $KCOB

- HAUCK AUFHÄUSER IB lowers the target price for NORMA GROUP from EUR 32 to EUR 27. Buy. $NOEJ (-2,91 %)

- WARBURG downgrades EDAG ENGINEERING from Buy to Hold and lowers target price from EUR 13 to EUR 9.50. $ED4 (-0,59 %)

- LBBW lowers the price target for ALLGEIER from EUR 24 to EUR 20. Buy. $AEIA

- BARCLAYS lowers the price target for HENKEL from EUR 79 to EUR 77. Equal-Weight. $HEN (-0,41 %)

- BERENBERG lowers the price target for KRONES from EUR 157 to EUR 154. Buy. $KRN (+0,97 %)

04.11.2024

Investors see the chance of a turnaround at Intel + Tesla employees sue + Shell fights for approval + Vonovia builds on sales proceeds

Intel $INTC (-4,07 %) has announced its results for the 3rd quarter of 2024. Once again, the company reported a decline in sales compared to the previous year, and the loss of almost 17 billion US dollars was higher than ever before. However, the share price rose due to write-downs and restructuring and a positive outlook.

https://www.computerbase.de/news/wirtschaft/aktie-steigt-nach-rekordverlust-investoren-sehen-bei-intel-die-chance-einer-trendwende.90152/

The employees of the US electric car manufacturer Tesla $TSLA (-4,32 %) at the German plant in Grünheide feel overworked and complain of work-related pain. According to Handelsblatt, this is the result of a survey conducted by IG Metall, in which more than 1,200 employees took part, according to the union. The results are shocking, said IG Metall district manager Dirk Schulze in an interview with Handelsblatt. While the company did not comment on the issue, Tesla's works council distanced itself from the union survey. (Handelsblatt)

The energy company Shell $SHEL (-1,69 %) is fighting for approval to sell its onshore oil and gas business in Nigeria worth 1.3 billion US dollars after the sale was blocked by regulators. The group and proposed buyer Renaissance Africa Energy were informed by the Nigerian regulator in August that the deal could not be approved in its current form, people familiar with the matter said. Both companies have been lobbying intensively since then, but have been unable to persuade the regulator to change course. Shell chief executive Wael Sawan told the newspaper that talks with the regulator were continuing. (Financial Times).

At Vonovia $VNA (+0,26 %) has made some progress since the second quarter: shortly after the end of the third quarter, the target of generating 3 billion euros in liquidity through sales proceeds this year has been exceeded with 3.3 billion euros, and the Group is scratching at the 4 billion euros of the previous year. And Vonovia CEO Rolf Buch is pressing ahead with the integration of the subsidiary Deutsche Wohnen: Extraordinary general meetings at Vonovia and Deutsche Wohnen, in which Vonovia holds just under 87 percent, are soon to approve a domination and profit and loss transfer agreement, under which minority shareholders are to be compensated with new Vonovia shares and a compensation payment. The results for the third quarter will therefore take a back seat. The residential real estate group is also likely to present a forecast for the coming year, as it intends to switch from "consolidation" and debt reduction to growth again from 2025. Quarterly figures on Thursday, November 6, 2024 7:00 am.

Monday: Stock market dates, economic data, quarterly figures

Stock market holiday in Japan and Russia

ex-dividend of individual stocks

Citigroup USD 0.56

Quarterly figures / company dates USA / Asia

13:00 Marriott International quarterly figures

22:05 Altice quarterly figures

Untimed: American International Group Quarterly figures

Quarterly figures / Company dates Europe

07:00 Ryanair half-year figures

11:00 Clariant Investor Day

12:00 Biontech quarterly figures

14:00 Biontech Analyst Conference

Untimed: NXP Semiconductors quarterly figures

Economic data

• 09:45 IT: Purchasing Managers' Index/PMI manufacturing October PROGNOSIS: 48.4 previous: 48.3
• 09:50 FR: Purchasing Managers' Index/PMI Manufacturing (2nd release) October FORECAST: 44.5 1st release: 44.5 PREV: 44.6
• 09:55 DE: Purchasing Managers' Index/PMI Manufacturing (2nd release) October FORECAST: 42.6 1st release: 42.6 Previous: 40.6
• 10:00 EU: Purchasing Managers' Index/PMI manufacturing Eurozone (2nd release) October FORECAST: 45.9 1st release: 45.9 PREV: 45.0
• 10:30 UK: Purchasing Managers' Index/PMI Manufacturing (2nd release) October FORECAST: n.a. 1. Release: 50.3 Previous: 51.5
• 15:30 US: US and Canadian stock markets start again at the usual time at 15:30
• 15:45 US: Purchasing Managers' Index/PMI Manufacturing (2nd release) October PROGNOSIS: n.a. 1st release: 47.8 previous: 47.3
• 16:00 US: Industrial New Orders September FORECAST: -0.5% yoy previous: -0.2% yoy

11.09.2024

Tesla with a buy recommendation and 40% upside potential + Alibaba with a new upswing + BMW shocks the automotive sector + Real estate stocks ahead thanks to interest rates - US inflation in view +

Tesla $TSLA (-4,32 %) gained 4 percent to a good 225 US dollars. Deutsche Bank recommended buying the shares of the e-car manufacturer and identified 40% upside potential

Shares (including the ADR) of Alibaba $BABA (+5,86 %) - $9988 (+6,06 %) rose sharply as investors reacted to the news of the company's listing on the Chinese mainland stock exchanges. Alibaba announced its listing on the Southbound (SB) Connect late Monday. This came after the Chinese e-commerce company upgraded its Hong Kong listing to primary status last month, paving the way for its inclusion in the Stock Connect Scheme of China's Shanghai and Shenzhen stock exchanges.

With a share price slump of 11.2 percent at BMW $BMW (-0,12 %) investors reacted to two pieces of bad news: firstly, the margin had to be reduced to 6 to 7 percent due to recalls of brake systems, whereas the market had expected over 9 percent. Worse was the fact that the delivery forecast was also lowered, after a slight increase had previously been expected. RBC Capital Markets said that the warning undermined hopes for a better second half of the year. "This is an operational problem and of course cuts all analysts' expectations for sales growth," said one trader. The BMW statements therefore infected the entire sector.

Real estate shares were the only sector to hold their ground against the decline. In the DAX Vonovia $VNA (+0,26 %) rose by 2.2 percent, Aroundtown $AT1 (+0,28 %) even rose by 14 percent thanks to hopes of an interest rate cut. On Wednesday, US consumer prices are hoping for signals for the Federal Reserve's monetary policy decision next week. Opinions differ as to whether the Fed will cut interest rates by just 25 basis points or 50 basis points. The ECB on Thursday is expected to cut rates by 25 basis points.

Wednesday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

HP USD 0.28

Quarterly figures / company dates Europe

07:30 Inditex | Auto1 half-year figures

10:00 Richemont AGM

16:00 ARM Holding AGM

Economic data

• 03:00 US: TV debate between the candidates for the US presidency Kamala Harris and Donald Trump, Philadelphia
• 08:00 UK: GDP July Forecast: +0.2% yoy/+1.4% yoy previous: 0.0% yoy/+0.7/ yoy | Trade Balance July Forecast: n/a previous: -£18.9bn | Industrial Production July Forecast: +0.3% yoy/-0.1% yoy previous: +0.8% yoy/-1.4% yoy | Services Sector Production July
• 14:30 US: Consumer prices August PROGNOSE: +0.2% yoy/+2.6% yoy previous: +0.2% yoy/+2.9% yoy Core consumer prices PROGNOSE: +0.2% yoy/+3.2% yoy previous: +0.2% yoy/+3.2% yoy
• 14:30 US: Real income August