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

Also as a video:

https://youtube.com/shorts/Uzk8OxJUsgE?si=HcH5OJEJh5RWZLzN

Tuesday:

The ZEW economic expectations in Germany deteriorate unexpectedly sharply. It turns out that the announcement of high debts may make construction interest rates more expensive, but will not bring about a special economic situation. The government cannot avoid real reforms to strengthen competitiveness.

https://www.n-tv.de/wirtschaft/der_boersen_tag/ZEW-Index-sackt-unerwartet-kraeftig-Der-Inlandskonjunktur-fehlt-es-an-jeglicher-Dynamik-article25959806.html

Inflation in the US is rising less strongly than expected at +2.7% (expected 2.8%) in July compared to the same month last year. However, core inflation rose more strongly than expected (+3.1%), which is more relevant for the Fed as it is largely adjusted for one-off effects (excluding food and energy prices). However, the stock market is not looking at core inflation and share prices are rising.

https://www.handelsblatt.com/finanzen/geldpolitik/us-inflation-kerninflation-in-den-usa-steigt-dilemma-fuer-fed/100146424.html

Wednesday:

$EOAN (-0,56 %) Eon was able to increase its adjusted EBITDA by 13% to €5.5 billion in H1 thanks to further investments (€2.5 billion) in the electricity grids. Adjusted earnings also rose by almost 10% to 74 cents per share.

https://www.finanzen.net/nachricht/aktien/wachstum-e-on-aktie-operativer-gewinn-von-e-on-steigt-ziele-bestaetigt-14722136

Thursday:

At 0.3%, the British economy grew more strongly than expected in the 2nd quarter. Economists had only expected 0.1 %. Although the economy is growing, the labor market is cooling. The number of people in employment fell for 6 months in a row.

https://www.handelsblatt.com/politik/international/bip-britische-wirtschaft-waechst-ueberraschend-kraeftig-plus-von-03-prozent/100148352.html

Growth in the EU, on the other hand, was significantly worse at 0.1% in the last quarter. Tariffs in particular are weighing on growth in industrialized nations such as Germany and Italy and have led to pull-forward effects in the first quarter.

https://www.handelsblatt.com/politik/international/euro-zone-konjunktur-schwaechelt-mini-wachstum-von-01-prozent/100148403.html

There is also bad news from the USA. After core inflation, producer prices are also on the rise. This means that a rate cut by the Fed is once again on the cards. Producer prices are a good leading indicator of inflation. Producer prices rose by 0.9% (expectation: +0.2%) compared to the previous month. This is the largest increase since the start of Russia's war of aggression against Ukraine, when energy prices exploded.

https://finanzmarktwelt.de/us-erzeugerpreise-massiv-hoeher-als-erwartet-360456/?amp#

These are the most important dates for the coming week:

Wednesday: 20:00 FOMC minutes (USA)

Thursday: 10:00 Economic data (EUR)

Friday: 02:00 Jackson-Hole (USA)

Can you think of any other dates? Write it in the comments

#fed
#jacksonhole
#fomc
#hcob
#eur

$SZG (-0,54 %)
$HYQ (-1,29 %)
$ABX (+3,33 %)
$BBAI (-2,7 %)
$PLUG (-0,75 %)
$GPRO (-0,94 %)
$TEG (+1,25 %)
$1SXP (+0,64 %)
$SE (+0,98 %)
$ETOR (+0,78 %)
$NCH2 (-0,33 %)
$TUI1 (-0,85 %)
$VWS (+1,94 %)
$R3NK (+3,74 %)
$EOAN (-0,56 %)
$CSCO (+0,25 %)
$SLI (+0,42 %)
$HFG (+1,95 %)
$HTG (+2,25 %)
$HLAG (-0,08 %)
$TKA (-1,98 %)
$DOU (+1,32 %)
$RWE (+0,72 %)
$BIRK (+1,58 %)
$9618 (+0,45 %)
$DE (-0,14 %)
$FR (+2,18 %)
$NU (+0,94 %)

Hi guys, I need your advice again.

My savings plans are currently running as follows:

200€ in the $VWRL (+0,01 %)

70€ in $KO (+0,36 %)

130€ in $AAPL (-0,02 %)

Due to good circumstances, I currently have the opportunity to add another 100€.

My current consideration would be the 100€ in $BTC (+0,08 %) , $EOAN (-0,56 %) or perhaps also $NVDA (-0,14 %) or $GOOGL (+0,67 %)

What would you do with the €100? Or maybe just increase the savings plan to the $VWRL (+0,01 %) increase it?

Thank you!

Hello everyone,

Since I and my portfolio have recently exceeded the €50,000 mark, I wanted to take this as an opportunity to present my portfolio and my strategy to you. I look forward to your opinion, assessment, criticism and potential for improvement.

About me: I am still 29 years old and work as a team leader in an industrial company in the building materials sector. In terms of education, I feel I've been through all the stages - from a qualifying secondary school certificate to A-levels and a bachelor's degree to a master's degree. The only thing missing is a doctorate 😌

About the overall strategy: My assets are divided between my share portfolio, a condominium and a call money account. I live in your apartment myself. I wouldn't consider renting or real estate as an investment because I think the risks of having to invest money again are too high. You can also suspend the savings plan in your portfolio from time to time. So the apartment is held for as long as it is occupied and then sold when I buy a house.

About the equity strategy: I'll try to summarize this briefly

• Allocation: core-satellite strategy. So core for me is any ETF, satellites are the individual stocks. Core should make up about 80 percent, the individual stocks 20 percent. The buy-in for the individual stocks is always 2000 euros.
• Selection: Dividend strategy - the dividends of the ETFs are reinvested in them, the dividends of the individual shares go into an ETF.
• Buy and hold
• Special feature: I received a loan from a close relative for my apartment, which is repayable on maturity after 8 years. Due to some lucky coincidences, I had the money back together one year after the purchase. So instead of letting it sit in an overnight deposit, I invested it at the beginning of 2024 - with very good timing.

Stock selection and savings plan:

• $VHYL (+0,16 %) The big core - I think the ETF is good because it is broadly diversified and has a good, reliable distribution. I am not currently saving in the ETF. Only the remaining shares from the beginning of 2024 are transferred from the second custody account (I transfer cash to a separate account and make a custody account transfer from the second custody account to mine. The loan amount will then accumulate there).
• $VWRL (+0,01 %) Will be my new second large core and therefore currently saved with 500 euros per month.
• The following individual securities are currently fully saved: $ALV (-0,23 %)
  $BAS (-1,35 %)
  $EOAN (-0,56 %)
  $BATS (+1,19 %)
• As soon as the core share is over 80 percent, further shares are transferred from the second portfolio. $SIE (-0,4 %) shares are transferred from the second portfolio. The total buy-in is therefore also EUR 2000.
• The following stocks are still included in the second portfolio and are transferred bit by bit - whenever there is money and depending on the core share in my portfolio: $VHYL (+0,16 %)
  $VWRL (+0,01 %)
  $PEP (-0,19 %)
  $SIE (-0,4 %)
  $DHL (-2,5 %)
  $VOW (-0,05 %)

Further strategy:

At the moment I feel comfortable with the strategy and until all individual stocks etc. have been transferred to the main portfolio. It will take some time before all the individual stocks etc. are transferred to the main portfolio. In the long term, I am considering $TDIV (-0,01 %) with a 10 percent share. I will then select individual stocks in the future, but e.g. $RIO (+2,1 %) , $MUV2 (-0,5 %) or $MAIN (+0,75 %) I could well imagine.

Looking forward to your comments on this boring strategy 😌

May tastes good with some German companies in the portfolio.

$EOAN (-0,56 %)

$ADS (-0,94 %)

$ALV (-0,23 %)

$DHL (-2,5 %)

$BAS (-1,35 %)

$EOAN (-0,56 %) published its quarterly figures for the first quarter of 2025 on May 14, 2025 and recorded significant growth (E.ON)

Key financial figures Q1 2025

• Turnover5.87 billion euros (Q1 2024: € 5.09 billion) - an increase of 15%.
• Adjusted EBITDA3.2 billion euros - an increase of 18% compared to the previous year.
• Adjusted EBIT1.49 billion euros - an increase of 23%.
• Adjusted consolidated net profit1.3 billion euros - an increase of 22%.Reuters, investor.atmeta.com)

The strong result is primarily attributed to higher investments in the network business and an improved operating performance. (MarketScreener)

Forecast for the full year 2025

E.ON confirms its forecast for the full year:

• Adjusted EBITDA: between 9.6 and 9.8 billion euros.
• Adjusted net income: between 2.85 and 3.05 billion euros(Reuters, MarketScreener)

Share price performance

In the wake of the positive quarterly figures, E.ON's share price rose to 14.89 euros. (Börse am Sonntag)

For further information and detailed presentations on the quarterly figures, you can visit E.ON's Investor Relations page: (E.ON).

E.ON ($EOAN (-0,56 %) ) recorded a strong operating result in the first quarter of 2025: adjusted Group EBITDA rose by 18% to €3.2 billion and adjusted Group net income by 22% to €1.3 billion. The Group invested € 1.5 billion, primarily in energy networks (€ 1.2 billion). The Energy Networks business division benefited from higher transmission volumes and catch-up effects. Energy Retail and Infrastructure Solutions also showed growth momentum. The forecast up to 2028 remains confirmed. A dividend of € 0.55/share is planned for FY 2024 (+4% compared to the previous year).

Tui customers book summer vacation later and winter loss falls + Eon increases operating profit strongly at the start of the year + Barclays starts CTS Eventim with 'Overweight' and target price 130 euros + Deutsche Pfandbriefbank confirms forecast

Tui customers $TUI1 (-0,85 %)book summer vacations later and winter losses fall

• The late Easter date is pushing back the business of the travel group Tui this year.
• On the one hand, the Group missed out on sales and profits from Easter vacations in the winter half-year.
• On the other hand, people booked their trips for the summer later than usual, as the travel group announced in Hanover on Wednesday.
• Nevertheless, Tui was able to reduce the typical seasonal loss in the months from October to March.
• For the financial year to the end of September, CEO Sebastian Ebel sees the company on course to achieve its targets thanks to higher travel prices.
• In the winter half-year, Tui achieved a turnover of just under 8.6 billion euros, almost eight percent more than a year earlier.
• The operating loss adjusted for special effects (adjusted EBIT) shrank by 15 percent to 156 million euros, although the second quarter was weaker due to the lack of Easter business.
• The bottom line for the shareholders in the six months was a loss of just under 392 million euros, six percent less than in the previous year.
• For the current financial year, Ebel is still aiming for an increase in turnover of 5 to 10 percent.
• Adjusted operating profit is expected to increase by 7 to 10 percent.

Eon $EOAN (-0,56 %)increases operating profit strongly at the start of the year

• Higher investments and colder weather have helped the energy supplier Eon to achieve a jump in earnings in the first quarter.
• Adjusted operating earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 18 percent year-on-year to €3.2 billion at the start of the year, as Eon announced in Essen on Wednesday.
• "We have laid a good foundation for a successful financial year 2025," said CFO Nadia Jakobi according to the press release.
• She confirmed the annual forecast as well as the targets for 2028.
• In the first quarter, Eon invested almost 1.5 billion euros, around 22 percent more in the expansion of the electricity grid, such as the modernization and digitalization of the infrastructure and new grid connections.
• The grid business accounts for the lion's share of the Group's earnings and is dependent on regulatory framework conditions.
• At the same time, however, Eon was also helped by the fact that it was colder this year than in the previous year and the demand for energy was correspondingly higher.
• Adjusted net profit for the first three months amounted to EUR 1.3 billion, which corresponds to an increase of 22 percent.
• Meanwhile, the profit attributable to shareholders fell by 9 percent to 529 million euros, which is attributable to non-operating earnings effects from derivatives, for example.

Barclays starts CTS Eventim $EVD (-16,26 %)with 'Overweight' and target price 130 euros

• The British investment bank Barclays has started the valuation of CTS Eventim shares with an "Overweight" rating and a target price of 130 euros.
• According to a recommendation issued on Tuesday, Bernd Klanten expects the solid growth and profitability increases at the ticket retailer and event organizer to continue.
• He expects the share price to double within five years.

Deutsche Pfandbriefbank $PBB (-0,36 %)confirms forecast

• Deutsche Pfandbriefbank (pbb) has confirmed its targets after a slightly better quarter than expected by analysts.
• The commercial real estate financier continues to be concerned about the situation in the USA.
• For this reason, the Pfandbriefbank is reviewing all options for its existing business in the United States as well as the timing of the share buyback announced at the beginning of the year.
• In the first three months, the SDax-listed company announced on Wednesday in Garching near Munich that pre-tax profit had fallen by around 18 percent year-on-year to 28 million euros.
• Earnings fell by almost a fifth to 118 million euros.
• However, analysts had expected an even weaker result.
• Bank CEO Kay Wolf therefore also spoke of a solid quarter.
• "We were able to consolidate earnings in our core business and significantly reduce risk costs," he said and also confirmed the forecast for 2025 as well as the medium-term targets up to 2027.

Wednesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• SAP SE € 2.35
• Rheinmetall AG €8.10
• freenet AG € 1.97
• WashTec AG € 2.40
• PNE AG € 0.08
• NORMA Group SE € 0.40
• Uzin Utz SE € 1.90
• Deutsche Real Estate AG € 0.04

• Quarterly figures / company dates USA / Asia
• 05:00 Sony annual results and strategy update
• 08:30 Foxconn quarterly figures
• 17:00 American International Group | American Tower AGM
• 18:00 First Solar | AMD AGM
• 22:00 Cisco Systems quarterly figures | Harley-Davidson AGM

• Quarterly figures / Company dates Europe
• 07:00 Bilfinger | Brenntag | Daimler Truck | Eon | Tui | Deutsche Pfandbriefbank
• 07:00 Knaus Tabbert | ABN Amro | Grand City Properties Quarterly figures
• 07:00 Fraport traffic figures April
• 07:30 Renk | Telefonica SA | Alstom | Indus Holding | Bouygues quarterly figures
• 07:45 Eni annual results and AGM
• 07:55 PVA TePla quarterly figures
• 08:00 Verbund AG | PVA TePla | Imperial Brands | Burberry quarterly figures
• 08:00 Daimler Truck | Tui Analyst Conference
• 08:30 Alstom Analyst Conference
• 09:00 Brenntag PK
• 09:30 Deutsche Pfandbriefbank PK
• 10:00 Porsche Automobil Holding SE Quarterly Figures | BMW | Deutsche Börse
• 10:00 K+S | Traton AGM | Bilfinger PK
• 10:15 ES: ECB Governing Council member Nagel, participation in panel discussion at Nova Economia Forum
• 11:00 1&1 AGM | Eon Analyst Conference
• 13:00 Bilfinger AGM
• 14:00 Brenntag Analysts' Conference | Renk Analysts' Conference
• 15:00 Patrizia Analyst Conference 1Q
• 17:50 Pirelli quarterly figures
• 18:00 Deutsche Euroshop | Euronext Quarterly figures

• Economic data

08:00 DE: Consumer prices (final) April PROGNOSE: +0.4% yoy/+2.1% yoy Preliminary: +0.4% yoy/+2.1% yoy Previous: +0.3% yoy/+2.2% yoy HICP PROGNOSE: +0.5% yoy/+2.2% yoy Preliminary: +0.5% yoy/+2.2% yoy Previous: +0.4% yoy/+2.3% yoy

11:15 MA: Fed Governor Waller, speech on Central Bank Research

14:40 EU: ECB board member Cipollone, chairs the panel on liquidity issues

15:10 US: Fed Vice Chairman Jefferson, speech on economic outlook

No time given:

- EE: Governing Council member Muller, presentation of the Eesti Pank Financial Stability Report

- AT: Opec monthly oil market report