Monday:
Sales of $VOW3 (-1,78 %) VW fell by 14.3% in Q3. A total of 1.89 million cars across all Group brands were sold. At VW, too, the decline in sales is primarily attributable to China, where sales fell by 38.5%. Skoda was even able to keep sales stable, as the group has virtually no presence in China. Sales of commercial vehicles at the subsidiary Traton actually increased by 10%.
Wednesday:
AI stocks and chipmakers are being sold off due to high inflation data from the U.S. and the slump in South Korea’s KOSPI index. Higher interest rates resulting from inflation lead to a higher discount rate, which has a particularly significant impact on future earnings.
Thursday:
$LHA (-0,93 %) Lufthansa plans to fully acquire the Portuguese airline TAP. To this end, it has made an offer to the Portuguese government for its slightly more than 50% stake and has agreed to accept the country as a minority shareholder with a 5% stake in its own group going forward. Lufthansa currently still holds a minority stake of just under 50% in TAP.
Kevin Warsh is giving the markets another boost by praising massive waves of investment. From Warsh’s perspective, the AI boom is likely to drive the economy for some time.
