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/Gonxxr6lUx8?si=R80IRe7g2Mj-4O-_
Sunday:
After China issued a travel warning for Japan, share prices collapsed there on Monday. The background to this is the statements made by Japanese Prime Minister Takaichi. She made it clear that she would support Taiwan in the event of war.
Tuesday:
Sell-off on the crypto market, the $BTC (+2,48 %) Bitcoin collapses. The stock markets are also under pressure. There is much to suggest a connection with the Epstein Files; some emails from Jeffrey Epstein explicitly mention Trump in connection with Virginia, among other things.
https://www.instagram.com/p/DRC_Ez7k5hm/?igsh=MTFzcnpyaXA1c2Y2OA==
$NET (-2,12 %) Cloudflare paralyzes various sites such as ChatGPT due to interference. That's why it took us so long to write the story. Otherwise ChatGPT writes the texts ...
https://www.tagesschau.de/wirtschaft/stoerung-cloudflare-100.html
Wednesday:
EU approves new drug for menopausal symptoms. Bayer is hoping that the drug will become a blockbuster drug (annual sales in the billions). The drug works with the active ingredient Lynkuet, which influences the center for temperature regulation in the brain and can thus counteract hot flushes.
There is currently no consensus in the Fed Committee on further interest rate cuts. There are currently even three camps: some say interest rates should be cut again in December. Others rule out a rate cut due to a lack of data. Some even want a rate hike.
$NVDA (+0,31 %) NVIDIA continues to grow rapidly. At $1.30 EPS (earnings per share), profits exceeded expectations. Sales also exceeded expectations with growth of well over 50%. MSCI World shareholders can also be pleased. NVIDIA already accounts for 6% of the total volume here.
Thursday:
Producer prices in Germany continue to fall. On average, prices fall by 1.8%. Energy prices in particular are falling again, but food prices are only rising moderately by 2.3%. While beef and coffee became significantly more expensive, butter, pork and sugar became cheaper compared to the previous year's prices.
Friday:
Growth in the German economy has lost momentum. Industry continues to contract and the service sector was not able to grow as strongly as originally hoped. The PMI fell to 52.1 points after 53.9 in October. Values above 50 are considered an indicator of growth.
These are the most important dates for the coming week:
Tuesday: 14:30 Producer prices (USA)
Wednesday: 14:30 Consumer spending (USA)
Friday: 14:00 Inflation data (DE)
Can you think of any other dates?