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Dates week 32

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/j7wxXDJyQu8?si=PrSmNA8VWLxzXRsw


Sunday:


The tariff deal stands, 15% on everything except steel, aluminum & drugs. For steel & aluminum, the tariff remains at 50%. There will probably be an announcement on medicines soon. However, this only affects imports from the EU to the USA. This is good news for car manufacturers, where tariffs have been halved. The EU is also to invest 600 billion dollars in the USA and buy energy for 750 billion dollars. According to von der Leyen, 50% tariffs will probably no longer apply to aluminum and steel, and there will also be an upper limit for medicines; for some goods there will no longer be any tariffs at all:


https://m.bild.de/politik/trump-und-von-der-leyen-verkuenden-zoll-deal-zwischen-eu-und-usa-steht-688646c9b0a05d4574825bfb


Tuesday:


Teamviewer $TMV (+0,22 %) records 5% growth to 191 million euros in sales in Q2 and exceeds expectations with an operating margin of 44%. Lower marketing costs in particular are paying off here.


https://www.finanzen.net/amp/ausblick-bestaetigt-teamviewer-aktie-teamviewer-verzeichnet-umsatzwachstum-14664933


Heidelberger Druck $HBGRY is entering the defense business, the company wants to gain access to the billions invested in defense spending by the state and also establish a new pillar outside its core business.


https://www.spiegel.de/wirtschaft/unternehmen/heidelberger-druck-steigt-ins-ruestungsgeschaeft-ein-a-62e5fb9d-0777-4e0b-8628-431b13a42abc


Wednesday:


$KGX (+2,18 %) Kion surprises positively in terms of order volume. The Frankfurt-based logistics group sells forklift trucks, supply chain solutions and warehouse technology. Turnover fell by 6% to 2.7 billion euros in the 2nd quarter. Profit rose by more than 30% to 94 million euros. Incoming orders also rose by more than 30% to 3.5 billion euros.


https://www.stern.de/gesellschaft/regional/hessen/logistik--kion-ueberrascht-positiv-bei-auftragslage-35934306.html


As expected, the German economy shrank slightly by 0.1% in the 2nd quarter. This is also due to the pull-forward effects of the US tariffs in the 1st quarter, where there was surprising growth of 0.4%. Let's hope that Kion's order figures are a good harbinger for the rest of the year.


https://www.handelsblatt.com/politik/konjunktur/bip-deutsche-wirtschaft-schrumpft-leicht/100145013.html


The US economy had the opposite effect, with the trade balance improving in Q2 as a result of exports being brought forward, which is partly responsible for the surprisingly strong growth of 2.4% (annualized = extrapolated for the year). There was still a decline in GDP in Q1.


https://www.handelsblatt.com/politik/international/konjunktur-us-wirtschaft-waechst-deutlich-staerker-als-erwartet/100145064.html


In the evening, the Fed announced that interest rates would unsurprisingly be kept at their current level.


Thursday:


The Bank of Japan also leaves interest rates unchanged at 0.5%. However, it plans to raise interest rates in the future if prices and the economy develop as forecast. In view of Japan's national debt, however, the BoJ's room for maneuver in raising interest rates is limited.


https://www.handelsblatt.com/finanzen/geldpolitik/notenbank-bank-of-japan-bleibt-bei-ihrem-leitzins-von-05-prozent/100145273.html


Friday:


The markets start the weekend on a much lighter note, with a poor labor market report from the USA in particular dampening sentiment. In July, around 30,000 fewer jobs were created than expected. Even worse, the jobs created in the two previous months were revised downwards by 258,000.


https://finanzmarktwelt.de/us-arbeitsmarktdaten-juli-359225/?amp


These are the most important dates for the coming week:


Tuesday: 16:00 ISM Purchasing Managers' Index (USA)

Thursday: 13:00 Interest rate decision (UK)

Friday: 16:00 Inflation expectations (USA)


Can you think of any other dates? Write it in the comments


#ism
#einkaufsmanagerindex
#boe
#leitzins
#usa
#inflationserwartung

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