As every Sunday, the most important dates for the coming week, as well as the news from the previous week.
Also as a video:
https://youtube.com/shorts/Uzk8OxJUsgE?si=HcH5OJEJh5RWZLzN
Tuesday:
The ZEW economic expectations in Germany deteriorate unexpectedly sharply. It turns out that the announcement of high debts may make construction interest rates more expensive, but will not bring about a special economic situation. The government cannot avoid real reforms to strengthen competitiveness.
Inflation in the US is rising less strongly than expected at +2.7% (expected 2.8%) in July compared to the same month last year. However, core inflation rose more strongly than expected (+3.1%), which is more relevant for the Fed as it is largely adjusted for one-off effects (excluding food and energy prices). However, the stock market is not looking at core inflation and share prices are rising.
Wednesday:
$EOAN (-0,14 %) Eon was able to increase its adjusted EBITDA by 13% to €5.5 billion in H1 thanks to further investments (€2.5 billion) in the electricity grids. Adjusted earnings also rose by almost 10% to 74 cents per share.
Thursday:
At 0.3%, the British economy grew more strongly than expected in the 2nd quarter. Economists had only expected 0.1 %. Although the economy is growing, the labor market is cooling. The number of people in employment fell for 6 months in a row.
Growth in the EU, on the other hand, was significantly worse at 0.1% in the last quarter. Tariffs in particular are weighing on growth in industrialized nations such as Germany and Italy and have led to pull-forward effects in the first quarter.
There is also bad news from the USA. After core inflation, producer prices are also on the rise. This means that a rate cut by the Fed is once again on the cards. Producer prices are a good leading indicator of inflation. Producer prices rose by 0.9% (expectation: +0.2%) compared to the previous month. This is the largest increase since the start of Russia's war of aggression against Ukraine, when energy prices exploded.
https://finanzmarktwelt.de/us-erzeugerpreise-massiv-hoeher-als-erwartet-360456/?amp#
These are the most important dates for the coming week:
Wednesday: 20:00 FOMC minutes (USA)
Thursday: 10:00 Economic data (EUR)
Friday: 02:00 Jackson-Hole (USA)
Can you think of any other dates? Write it in the comments