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/YkFURUPVMi4?is=Zt5kw39ObJLmu8tr
Monday:
The quarterly figures of the Chinese electric car company $1211 (+0,22 %) BYD (Build your Dreams) were disappointing. Profits slumped by 38% and turnover fell by 14%. The CEO also spoke of a brutal knock-out phase in the industry in China.
The inflation rate in Germany is already rising noticeably to 2.8% compared to the same month last year. Energy in particular has become significantly more expensive.
Wednesday:
Orders in the mechanical engineering sector fell significantly by 12% in February compared to the same month last year. Orders from Germany in particular fell by 16%. Orders from the eurozone, on the other hand, increased by 6%. The period under review was largely unaffected by the Iran war.
Friday:
The US economy is booming despite the Iran war. Three times more jobs were created than expected. As a result, the unemployment rate surprisingly fell to 4.3%. In addition, the majority of market participants no longer expect the Fed to cut interest rates.
The most important dates in the coming week:
Wednesday: 11:00 Producer prices (EUR)
Thursday: 14:30 Consumer spending (USA)
Friday: 14:30 Accurate inflation data (USA)
#inflation
#erzeugerpreise
#konsum
#usa
#eu
Can you think of any other dates?