As every Sunday, the most important news from the past week, as well as dates for the coming week.
Also as a video:
https://youtube.com/shorts/f1cIaitToNs?si=tMcWHG_ghWmIROch
Sunday:
More and more companies are pushing into the $NVDA (+2,32 %) NVIDIA. After Alphabet and Intel, the most valuable company in the world is now also announcing its own AI chips. Microsoft has become the most valuable listed company thanks to Chat GPT and OpenAI and could thus also reduce its dependency. Experts expect annual growth of 25% in the AI chip market by 2029
Monday:
Milei has recently been repeatedly criticized for a variety of reasons. However, his reforms are now paying off for Argentina 🇦🇷. The IMF is satisfied and releases a new loan tranche. Argentina has attracted attention in the past with debt cuts and state bankruptcies. Javier Milei has now cut jobs in the public sector, reduced subsidies and ended social programs.
Tuesday:
Consolidation in the delivery service market continues. Uber joins $DHER (-3,56 %) Delivery Hero and takes over the Taiwan business. Uber buys new shares worth 300 million euros, 30% above yesterday's closing price.
Contrary to many claims that the location in Germany is not attractive enough, Germany is now reporting a record level of foreign investment. These increased by a third to 34 billion euros. The USA remains the largest investor, followed by Switzerland and then China. However, foreign investors also complain about bureaucracy, comparatively expensive energy and the weak economy in Germany.
Producer prices in the USA 🇺🇸 have risen more sharply than expected. This could postpone a Fed rate cut further and has dampened the euphoria on the stock markets.
Wednesday:
Inflation in the USA 🇺🇸 is easing slightly. In March, inflation stood at 3.5% and in April at 3.4%. This was expected by experts and is therefore not surprising information.
Our moonshot stock $F3C (-4,67 %) SFC Energy has made significant gains. Sales increased significantly again in Q1 by 46% to 40.1 million euros. Net profit also grew by more than 100%. The order volume also increased significantly. SFC Energy specializes in fuel cells for power supply.
Our value stock $CSCO (+0,49 %) Cisco is also performing well, exceeding expectations by USD 0.05 per share. Sales in Q3 were also higher than expected. Cisco's revenue forecast also exceeds expectations.
Thursday:
$BOSS (-5,03 %) Hugo Boss can make significant gains on the stock market after a multi-year partnership with David Beckham was announced. Beckham even traveled to the HQ in Metzingen a few weeks ago, but it was unclear whether such a deal would actually materialize.
Friday:
Japan's GDP 🇯🇵 is shrinking. This makes interest rate hikes in Japan less likely again; the last time there was an increase was in 2007. Japan's GDP shrank by 2.0%, significantly more than the 1.5% expected by experts. The central bank in Japan should actually raise interest rates, as the national currency is worth as little as it was last in 1990.
Most important dates in the coming week:
Monday: 10:00 ifo Business Climate Index (DE)
Wednesday: 20:00 FOMC Minutes (USA)
Friday: 10:00 Purchasing Managers' Index (EU)