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/1twl5CSaT68?si=UjOEsp-L4PnrhQWi
Sunday:
Due to the support for Ukraine 🇺🇦, arms exports from Germany are heading for a new record high. Goods worth 10.9 billion euros have already been exported. The record value from the previous year is 12.2 billion euros.
Tuesday:
$F3C (-0,91 %) SFC Energy has raised its forecast for the year. Sales increased by 20 % in the first three quarters. Profit before tax also increased by 35 %. In the third quarter, however, there was a decline of 27%. The forecast for the overall result for the year has been raised slightly.
https://www.ecoreporter.de/artikel/wasserstoff-sfc-energy-hebt-jahresprognose-an/
The inflation rate in Canada 🇨🇦 is rising again, to 2%. Adjusted core inflation is also still well above the Canadian central bank's 2% inflation target.
Wednesday:
Producer prices in Germany continue to fall, albeit by only 1.1%. The sharpest rise was in butter, of all things. On average, butter cost more than 50% more than a year ago.
Thursday:
As inflation in Turkey remains high, the central bank is leaving the key interest rate at 50%. However, experts expect it to be cut to 47.5% in December or January at the latest.
Friday:
GDP in Germany in the 3rd quarter was lower than expected, with growth of 0.1% in the previous quarter. Growth of 0.2 % had been forecast.
Angela Merkel criticizes Olaf Scholz for his direct criticism of Christian Lindner after his dismissal. Merkel even goes so far as to say that Olaf Scholz has thereby violated the dignity of the office of Chancellor.
Most important dates in the coming week:
Tuesday: 20:00 FOMC minutes (USA)
Wednesday: 14:30 Economic data (USA)
Friday: 00:50 Economic data (Japan)
What other important dates can you think of?