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/hywPiISUD-k?si=1w7z3o-eGUTg2jX-
Monday:
Slightly better economic data from China 🇨🇳. Industrial production is up, but Chinese consumption continues to cause problems. The growth rate in the retail sector was two percentage points below economists' estimates. The reason for this is the ongoing real estate crisis.
The Purchasing Managers' Index in Germany is worse than expected. Values above 50 signal growth, values below signal contraction. The index currently stands at 47.8 points, higher than in November but worse than expected. However, the manufacturing sector continues to plummet to 42.5 points. The service sector is at 51 points.
https://finanzmarktwelt.de/einkaufsmanagerindex-2-332850/?amp
Tuesday:
Several insider purchases at $TMV (-2,63%) Teamviewer, after the share was sold off due to the 1E purchase. We ourselves hold the share in our value portfolio.
https://www.finanzen.net/insidertrades/teamviewer
Retail sales in the USA 🇺🇸 are slightly above expectations. Compared to the previous month, they increased by 0.7%, while experts had expected 0.6%. Car sales in particular were higher than expected.
Wednesday:
The equipment manufacturer $M5Z (-15,05%) Manz slides into insolvency. Most recently, the company focused on production technology for battery factories. However, the boom in battery factories was not quite as strong as expected. The share is down more than 80% today. In 2021, the share was still trading at more than 70 euros.
The Fed cuts interest rates again by a quarter of a percentage point, but holds out the prospect of fewer rate cuts in the coming year.
https://www.instagram.com/p/DDux4v5TQZi/?igsh=YnM0c2ljamdka3Rq
Thursday:
The US economy is growing more strongly than previously thought, with consumer spending in particular boosting growth. Consumer spending rose by 3.7% in the third quarter. GDP increased by 3.1 %. Exports also exceeded preliminary estimates. This means that the Fed is unlikely to cut interest rates more than twice in the coming year.
Friday:
Today, however, there is a direct counter-indicator with regard to the Fed's decision. Inflation in the USA 🇺🇸 is rising, but less strongly than expected. At 2.4%, inflation was only slightly higher than in October (2.3%).
Key dates for the coming week:
Monday: 08:00 GDP figures (UK)
Tuesday: 14:30 Industrial orders (USA)
Friday: 00:30 Inflation data (Japan)
What other important dates can you think of?