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/ZdBCQkV-AS8?si=Qc_wjcVeS7DaMDJM

Monday:

Positive news from the pharmaceutical division of $BAYN (+1,3%) Bayer. The drug Kerendia not only helps against kidney problems, but also against heart failure. The drug reduced deaths statistically significantly.

https://www.handelsblatt.com/unternehmen/industrie/kerendia-bayer-hoffnungstraeger-hilft-auch-gegen-herzinsuffizienz/100057359.html

The ISM economic data from the USA 🇺🇸 were all better than expected. The ISM employment index for the non-manufacturing sector rose to 51.1, while the ISM index for new orders in the non-manufacturing sector also rose to 52.4. All values above 50 signal growth.

https://www.wallstreet-online.de/wirtschaftskalender

$GOOGL (+0,05%) Alphabet loses lawsuit in the USA and is now officially considered a monopoly in the Google search engine. This means that Alphabet must fear consequences under competition law. These range from fines to a break-up (rather unlikely).

https://www.handelsblatt.com/technik/it-internet/suchmaschine-us-richter-google-hat-monopol-bei-internet-suche/100057493.html

Tuesday:

$TLX (+0,99%) Zalando is growing again. The share price rises significantly in pre-market trading. Sales rose by 3.4% to 2.6 billion euros in the second quarter. The operating profit rose to 171.6 million euros.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/modehandel-zalando-steigert-umsatz-auf-26-milliarden-euro-und-will-in-ki-investieren/100056363.html

Completely surprising increase in orders in German industry. Orders rose by 3.9% instead of the expected increase of 0.5%. The increase was mainly attributable to the automotive industry, where orders rose by 9.3%. The order situation was supported by high domestic demand. Orders from abroad increased only minimally.

https://www.handelsblatt.com/unternehmen/industrie/konjunktur-deutsche-industrie-ueberrascht-mit-erstem-kraeftigem-auftragsplus/100057571.html

Retail sales in the EU 🇪🇺sinken were stronger than expected. Compared to the same month last year, sales fell by 0.3%; growth of 0.1% was expected.

https://www.boerse.de/nachrichten-amp/Eurozone-Umsatz-im-Einzelhandel-sinkt-staerker-als-erwartet/36347059

Wednesday:

$SIX2 (+1,14%) Sixt has to revise its profit forecast slightly downwards due to falling residual values for used cars. As hoped, however, there will be no further special depreciation due to the particularly sharp drop in residual values of e-cars.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-novo-nordisk-enttaeuscht-bei-umsatz-und-gewinn/24098412.html

Friday:

The job figures from Canada 🇨🇦 are worse than expected and are unsettling investors a little. Instead of 22,500 new jobs, around 2,000 jobs were lost. However, many new full-time jobs were created from part-time positions, which should actually be seen as positive.

https://www.forexlive.com/news/canada-july-employment-change-28k-vs-225k-expected-20240809/amp/

Key dates for the coming week:

Tuesday: 14:30 Producer prices (USA)

Wednesday: 14:30 Inflation data (USA)

Thursday: 01:50 GDP figures (Japan)