As every Sunday, the most important news from the past week, as well as the dates for the coming weeks.
Also as a video:
https://youtube.com/shorts/f0axgV1KRVs?si=6MLwRC5IQHK7FPqt
Monday:
$FRAS (-1,77%) Frasers seizes the opportunity and increases its stake in $BOSS (+0,97%) HUGO BOSS. The share had recently fallen by more than 50% compared to its highs in 2023. Frasers Group now directly holds more than 15% of the voting rights.
Tuesday:
$HFG (-1,02%) Hellofresh can grow the bottom line and the ready-to-eat segment grows by almost 45%, sales in the cooking box business shrink by 10%. Overall, sales increased by 0.9%. This means that Hellofresh is already able to compensate for the falling sales in the cooking box business and return to growth. In addition
Hellofresh was able to refinance itself favorably. Hellofresh therefore continues to have a solid capital structure.
Producer prices in the USA 🇺🇸 are better than expected. Instead of +0.2 % compared to the previous month, it was +0.1 %. This increasingly points to a first interest rate cut at the beginning of September.
https://finanzmarktwelt.de/inflation-usa-erzeugerpreise-niedriger-was-nun-318977/?amp
Wednesday:
With the exception of Japan, there is growing evidence of a global turnaround in interest rates. Even the economically relatively insignificant (GDP: around USD 250 billion) island state of New Zealand 🇳🇿 has now lowered interest rates. The key interest rate has been lowered from 5.5% to 5.25%.
At +2.9%, the inflation data from the USA 🇺🇸 was below expectations of +3.0%. The markets continue to rise accordingly, and an interest rate cut by the Fed is becoming more likely.
Big deal in the food industry. The non-listed food giant Mars takes over the Pringles manufacturer $K (+0,39%) Kellanova. It is likely to be one of the biggest takeovers in the food industry ever. The confectionery giant Mars already has a turnover of USD 50 billion. With Kellanova, turnover will increase by a further USD 13 billion. The takeover is likely to cost USD 36 billion.
Thursday:
The trade union-affiliated IMK puts the probability of a recession in Germany at 49.2%. The main problems are domestic consumer demand and general demand from abroad.
$CSCO (+0,12%) Cisco has exceeded expectations with its sales forecast for the current quarter. In the previous quarter, sales fell by 10% and profits plummeted by 45%.
https://www.finanzen.net/amp/optimismus-cisco-aktie-steigt-prognose-uebertrifft-erwartungen-13767655
Domestic consumption is driving the economy in Japan 🇯🇵. In the 2nd quarter, GDP grew by an annualized 3.1%. Experts had only expected growth of 2.1%.
$BAYN (-1,2%) Bayer can dismiss a lawsuit in an appeals court. As there are contradictory rulings from appeal courts, Bayer continues to demand that the glyphosate case be brought before the Supreme Court.
Key dates in the coming week:
Tuesday: 14:30 Inflation data (Canada)
Wednesday: 20:00 FOMC Minutes (USA)
Thursday: 10:00 Purchasing Managers' Index (EU)