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/SfbNOpLJHkI?si=hrSYi3jr8Mu5xEcV
Tuesday:
Both the HCOB index for manufacturing and services were below expectations. The values are also lower compared to the previous month. The value of 52.6 still signals growth in the service sector.
https://www.wallstreet-online.de/wirtschaftskalender
Wednesday:
Positive news from German industry. Orders are growing for the third month in a row. However, this is mainly due to defense orders. The situation is different in the automotive industry, where order backlogs have melted.
Thursday:
Despite the relatively high inflation rate, the BoE cuts its key interest rate to 3.75%. The UK economy had recently experienced a surprising contraction.
Unlike the UK central bank, the ECB has left its key interest rate unchanged at 2%.
$NKE (+0,18 %) Nike exceeds sales expectations, but profitability is struggling. Sales of USD 12.4 billion were achieved in the second quarter. The reason for the decline in margins is the renewed focus on wholesale.
Friday:
The Bank of Japan makes one of the most important financial decisions in recent years: interest rates are raised. The key interest rate now stands at 0.75%. The inflation rate of 3.0%, well above the 2% target, was the main reason for this move.
$TMV (-1,67 %) Teamviewer achieves FedRAMP status, which means the standard framework for cloud security certifications for US authorities has been met. This means that Teamviewer can market the DEX solution directly to US federal authorities.
https://www.ad-hoc-news.de/boerse/news/ueberblick/teamviewer-aktie-us-schub/68427925
These are the most important dates for the coming week:
Tuesday: 14:30 GDP figures (USA)
Wednesday: 14:30 Labor market data (USA)
Friday: 00:30 Inflation data (Japan)
#bip
#usa
#arbeitsmarkt
#inflation
#japan
Can you think of any other dates?