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/daFPRwE-j8E?si=rm959Ks8BvcSsCC6
Sunday:
Strong competition is causing profits in China's automotive industry to slump. In addition, data continues to point to high deflationary pressure and subdued demand for credit. China's economy is probably recovering more slowly than expected. The quarterly figures for car manufacturers and the luxury industry have already hinted at this development.
Monday:
As Israel has spared Iran's oil facilities, the price of oil falls significantly. The markets are thus pricing in an increasing escalation of the conflict.
Tuesday:
$GOOGL (-1,01%) Alphabet once again surprises analysts in a positive sense. Revenue increases by 15 %. Cloud and advertising business in particular drive the result. YouTube is also growing faster than expected. Quarterly revenue increased to USD 88.27 billion.
Real estate prices in the USA 🇺🇸 reach a new all-time high. Prices rose by a further 4.2 % in August compared to the previous year. In Germany, on the other hand, prices have corrected in recent years. In New York City, prices have even risen by 8.1%. Followed by Las Vegas, Chicago, Cleveland and Detroit.
https://www.bankrate.com/real-estate/case-shiller/
Wednesday:
$VOW3 (-2,82%) VW presents its figures and, as expected, they are poor. The operating margin in Q3 is still at 3.6%. The forecast for the year as a whole is 5.6%. VW must therefore deliver strong figures in Q4, otherwise a further forecast reduction is imminent. Cost savings seem unavoidable after these quarterly figures. However, wage negotiations with the IG-Metall trade union are due to start right now.
$KGX (-1,55%) Kion is growing in terms of turnover and is increasing EBIT significantly. The company's cash flow is also increasing. In particular, lower-margin old orders were processed, which increased EBIT.
Inflation in Germany rose to 2.0%, which is exactly in line with the ECB's target. The main reason for this is a slight increase in energy prices in October. However, the effect is likely to be reversed again next month due to the sharp fall in oil prices.
Thursday:
The Bank of Japan leaves key interest rates unchanged. This was expected and prevents further distortions due to the carry trade, among other things.
Friday:
$AAPL (+1,15%) Apple records growth in sales and profits, but the share still loses ground, this has to do with a cautious forecast. Turnover will only increase in the low to medium percentage range. Investors are also concerned about a decline in sales in China.
Key dates for the coming week:
Tuesday: Presidential election (USA)
Wednesday: 11:00 Producer prices (EU)
Thursday: 13:00 Interest rate decision (UK)
What other important dates can you think of?
