As every Sunday, the most important news from the past week, as well as the dates for the coming week.
Also as a video:
https://youtube.com/shorts/ZPpl6YxM2S4?si=K_7TSd0HdgNKy91u
Tuesday:
The agricultural group $BAYN (+0,17%) Bayer misses expectations again. Operating profit for 2024 is now estimated at only 10.4 to 10.7 billion euros. Sales fell by 3.6% in Q3. Mainly because glyphosate is currently no longer in such high demand in South America.
$SIX2 (+0,72%) Sixt is still struggling with write-downs on used cars. Business itself is going well. Sixt still expects a pre-tax profit of EUR 340 million for 2024. Revenue increased by 10% in the third quarter.
https://www.n-tv.de/regionales/bayern/Sixt-kappt-Gewinnprognose-article25355559.html
The ZEW economic expectations were worse than expected. Expectations have worsened, the opposite had been expected.
Significant increase at $VUL (-4,6%) Vulcan Energy, the company is producing green lithium hydroxide for the first time from its own European plant in Frankfurt Höchst. The first quantities are now going to customers LG, Umicore, Stellantis and Renault.
https://www.automobilwoche.de/e-auto-akku/vulcan-energy-erstes-grunes-lithium-aus-europa
Wednesday:
The inflation rate in the USA is rising again, now at 2.6%. It is thus moving away from the target value of 2.0%. Economists expect Trump to cause inflation to rise further. This is because fewer tax payments could further fuel the US economy, which could lead to shortages of goods. Tariffs and a stock market rally could drive prices up further.
Thursday:
Producer prices from the USA 🇺🇸 are higher than expected. Instead of 2.3%, prices rose by an average of 2.4% compared to the same month last year. The core index excluding food and energy prices also rose.
Friday:
$TKA (-1,72%) After the hydrogen subsidiary $NCH2 (-3,89%) Nucera, Thyssenkrupp is planning its next spin-off. This time, the marine division is to be floated on the stock exchange as an independent company. Sales negotiations with the investor Carlyle have recently failed.
Key dates in the coming week:
Tuesday: 14:30 Inflation data (Canada)
Wednesday: 00:50 Trade Balance (Japan)
Friday: 08:00 Inflation data (DE)
What other important dates can you think of?