As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.
Also as a video:
https://youtube.com/shorts/5iTd5xe70F8?si=SczdhWidOmhDZuUm
Monday:
GDP in Japan 🇯🇵 did not shrink as initially assumed. On an annualized basis, GDP grew by 0.4%. Japan thus escaped a technical recession of two consecutive quarters of negative growth.
Next week, Douglas will venture onto the trading floor. Shares will cost between 26 and 30 euros. The company will then be valued at 2.8 - 3.1 billion euros. Most of the proceeds of around 850 million euros will go to the company itself.
Tuesday:
German savings banks have made a record profit of 17 billion euros. Mainly because they have not yet passed on the significantly higher interest rates to their customers.
At 3.2% in February, inflation in the USA is slightly higher than expected (3.1%). This puts some pressure on the stock markets after Friday's US labor market report.
Wednesday:
$EOAN (-2,35 %) eon presents long-term growth plans and expects an operating result of 11 billion euros by 2028. The forecast for 2024 was also above expectations at 8.8 - 9.0 billion euros.
Thursday:
Producer prices in the USA 🇺🇸 are higher than expected. This is causing prices to fall today, with growth stocks in particular losing significantly, where a turnaround in interest rates would have the greatest effect on company valuations.
Friday:
$VNA (-2,92 %) Vonovia loses significantly, although the dividend is increased by 5 cents to 90 cents per share, the Group has to report a loss of 7 billion euros due to write-downs.
$HFG (-3,63 %) Hellofresh rises significantly after the annual figures. It was positive that Hellofresh was able to report a positive free cash flow of almost 80 million euros. At the current valuation, one can almost speak of a value stock.
US consumer confidence is deteriorating unexpectedly. However, US Americans' inflation expectations remain unchanged at 3.0%.
The most important dates in the coming week:
Tuesday: 4:00 Interest rate decision (Japan)
Wednesday: 19:00 Interest rate decision (USA)
Thursday: 9:30 Interest rate decision (Switzerland)