Just like that into Volkswagen.
I see it as risky in the short and medium term, but in the long term I am convinced that I can look forward to nice dividends.
...let's see what happens
09.09.2024
4 important dates for this week (Apple AI) + good opportunities for gold + alarming situation at VW
Further good opportunities for gold
Gold is benefiting twice over from the central banks' current policy. On the one hand, the "interest-free" precious metal is seen as the winner of falling interest rates, and on the other, the central banks are seen as direct buyers. After those in Asia were cited as buyers for a long time, Ulrich Stephan, Chief Investment Strategist at Deutsche Bank, has observed increasing demand from India - also as a result of tax benefits.
Following the announcement of the Volkswagen-Group $VOW3 (+1,25 %) to further intensify its austerity measures with job cuts and possible plant closures at the core VW brand, Group CEO Oliver Blume describes the poor economic situation at Volkswagen as alarming. The situation at the VW brand is "so serious that you can't just let everything continue as before", Blume told Bild am Sonntag. "Fewer vehicles are being bought in Europe. At the same time, new competitors from Asia are forcing their way into the market. The pie has become smaller and we have more guests at the table," the CEO continued.
4 dates that will be important this week:
1. high expectations for Apple's AI iPhones
Apple is unveiling new iPhones on Monday - as it does every year in September. But this time it's not just about different colors and better cameras, but above all about the AI capabilities of the new devices. Customers and investors will want to know how the "Apple Intelligence" already presented in June will be integrated into the smartphones, when exactly it will be ready and what else Apple has up its sleeve. Some analysts are going so far as to expect an iPhone "supercycle" triggered by AI, after the past few years have been rather subdued. New AirPods and a new Apple Watch are also expected.
>>> Monday, September 9, 2024; 19:00
2. is the VCI dampening the expectations of the chemical industry?
The VCI Quarterly Report 02/2024 once again shows in detail what the chemical industry association already published in broad outline at the beginning of July. It is therefore more interesting to look ahead: in view of the deteriorating economic outlook - several economic institutes have lowered their growth expectations for Germany in recent days - it is conceivable that the industry association will also cut its annual forecast for Germany's third-largest industrial sector, which currently still envisages a 3.5 percent increase in production. At the end of August, the VCI announced that there was hardly any impetus from abroad. However, this had been the driver of growth in the chemical industry in the first half of the year.
>>> Tuesday, September 10, 2024; 10:00 a.m.
3. US inflationary pressure declines in August
Inflationary pressure in the US is likely to have eased in August. According to the Factset consensus, analysts expect core consumer prices (excluding food and energy) to have risen by 0.2% compared to the previous month and were only 2.6% (July: 2.9%) higher than in the same month last year. Key components of the core consumer price index such as residential rents and used car prices have recently risen more slowly or even declined.
>>> Wednesday, September 11, 2024; 2:30 p.m.
4th ECB cuts deposit rate by 25 basis points - new interest rate corridor
The Governing Council of the European Central Bank (ECB) is likely to decide to cut the deposit rate by 25 basis points to 3.75%. This is supported by the development of the inflation and growth outlook as well as communication from ECB Governing Council members. At the same time, the ECB will adjust the interest rate corridor so that the main refinancing rate is only 15 (currently: 50) basis points above the deposit rate in future. The marginal lending rate will remain 25 basis points higher than the main refinancing rate (and therefore 40 basis points higher than the deposit rate). In concrete terms, this means that the deposit rate will fall to 3.50 (3.75) percent, the main refinancing rate to 3.65 (4.25) percent and the marginal lending rate to 3.90 (4.50) percent. Analysts unanimously expect that ECB President Christine Lagarde will continue to give no concrete indications on the future interest rate course.
>>> Thursday, September 12, 2024; 14:15 / PK Lagarde 14:45
Monday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
BlackRock USD 5.10
Quarterly figures / company dates USA / Asia
19:00 Apple Presentation of new iPhones and AI functions
22:05 Oracle quarterly figures
Quarterly figures / company dates Europe
08:00 Hannover Re: Press conference on the reinsurance meeting in Monte Carlo
Economic data
04.09.2024
US antitrust watchdogs have questions for Nvidia + Sales figures from the semiconductor sector shock investors + Cost savings at VW not a selling point
The dominance in chips for artificial intelligence has made the chip company Nvidia $NVDA (+4,79 %) into the sights of American competition authorities. The US Department of Justice has requested information from Nvidia and other companies with legally binding requests, the financial service Bloomberg reported. The antitrust watchdogs are concerned, among other things, that Nvidia could make it more difficult for customers to switch to the competition, according to sources close to the matter. Nvidia has benefited from the AI boom more than almost any other company. The company's chips have established themselves as the leading hardware for training software with artificial intelligence in data centers. This has brought Nvidia explosive growth in turnover, profit and share price. In addition to the chips, the company also earns money from software. Rivals such as AMD and Intel have so far found it difficult to seriously compete with Nvidia in this business.
Disappointing sales figures from the semiconductor industry sent shockwaves through the sector on Tuesday. Shares in the chip company Nvidia, for example, were hit hard, plummeting by almost seven percent in New York, making them one of the weakest stocks in the Nasdaq 100. The technology-heavy index recently fell by more than two percent. Nvidia shares had already come under heavy pressure recently following a disappointing outlook. Since the beginning of the year, however, they are still up more than 120 percent. This is by far the strongest increase in value of all stocks listed in the Nasdaq 100. In New York, the following also fell ARM Holdings $ARM (+1,52 %) , Intel $INTC (+2,07 %) and KLA Corporation fell between six and seven percent on Tuesday. Among the biggest losers in the leading European index EuroStoxx 50 were ASML $ASML (+5,04 %) fell by 4.4 percent, and in Paris STMicro $STMPA (+4,21 %) fell by 4.6 percent. In Frankfurt Infineon $IFX (+2,37 %) lost 4.7 percent, which put them in last place in the leading Dax index.
Car shares were also weak. The VW share $VOW3 (+1,25 %) slipped by 1.2 percent. The tightening of austerity measures is not seen as a reason to buy. DZ Bank, for example, said that the market's profit estimates for 2024 and 2025 could fall. This is because costs for restructuring and personnel measures could have a negative impact, and the news also implies a weak development of the VW brand. Other car stocks such as Mercedes $MBG (+2,23 %) and BMW $BMW (+1,59 %) fell by up to 1.9 percent.
Wednesday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
Aegon EUR 0.16
Quarterly figures / company dates USA / Asia
22:05 Hewlett Packard Enterprise Quarterly figures
Quarterly figures / company dates Europe
09:30 Volkswagen works meeting at the main plant in Wolfsburg
14:00 Volkswagen Works Council meeting | Logitech H
Economic data