As every Sunday, the news of the last week and the most important dates of the coming week:
The dates of the coming week in the video:
https://youtube.com/shorts/TLAa8AfsBSk?si=8iMwL7RlXG5rtKHN
Monday:
Retail sales in Australia 🇦🇺 rose more than expected. However, the main reason for the increase is the slump in the previous month of June.
https://m.investing.com/news/economic-indicators/australia-retail-sales-rise-more-than-expected-in-july-3162142
First figures for Thyssen Krupp's hydrogen subsidiary $NCH2 (-0,1%) Nucera from Thyssen Krupp - sales almost doubled over the year. Profits rose from 4 to 7 million in the 2nd quarter. Growth is being held back by capacity expansion, but the IPO raised 500 million euros.
https://www.handelsblatt.com/unternehmen/industrie/industrie-thyssen-krupp-wasserstofftochter-nucera-verdoppelt-umsatz/29357710.html?nlayer=Newsticker_1985586
Poor study data on a drug to treat ovarian cancer cause the share price of $NVCR (+0,4%) Novocure's stock plummet. The survival rate of patients could not be increased.
https://app.handelsblatt.com/finanzen/maerkte/marktberichte/dow-jones-sundp-500-nasdaq-wall-street-oeffnet-mit-gewinnen-novocure-stuerzt-ab-/29358382.html
Tuesday:
According to the #ifo barometer on employment, only service providers currently intend to create new jobs. Industry, trade and construction, on the other hand, are planning layoffs.
https://app.handelsblatt.com/politik/konjunktur/beschaeftigung-ifo-barometer-nur-dienstleister-wollen-aktuell-noch-personal-aufbauen/29359166.html
It was already reported yesterday that the Chinese state is deliberately strengthening the stock markets. To this end, the stamp duty that used to be levied on the purchase of shares will be halved.
https://www.tagesschau.de/wirtschaft/weltwirtschaft/china-finanzmarkt-stempelsteuer-100.html
Real wages increased slightly for the first time in two years. Real wages increased by 0.1% compared with the prior-year quarter. The citizen's income is also being increased and is set to rise by 12% from 2024. This means it should also increase in real terms, i.e. still inflation.
https://www.handelsblatt.com/politik/deutschland/sozialleistungen-buergergeld-steigt-auf-563-euro/29360160.html?nlayer=Newsticker_1985586
Real estate prices in the USA 🇺🇸 did not fall further in June. One of the main reasons is that both buyers and sellers are holding back.
https://www.wsj.com/economy/housing/u-s-home-prices-held-steady-in-june-d83f14d3
$GAZP Gazprom is suffering from the sanctions on Russia. The group loses almost $200 million in one quarter. Significantly less gas is being exported to Europe, and the ruble has also depreciated.
https://app.handelsblatt.com/politik/deutschland/energie-gazprom-rutscht-im-zweiten-quartal-in-die-roten-zahlen/28616386.html
Wednesday:
$DHER (+1%) Delivery Hero makes significantly less loss. It was still 832 instead of 1.5 billion euros in the first half. However, analysts had expected only about 570 million euros.
https://www.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-delivery-hero-halbiert-verlust-nahezu/24098412.html?nlayer=Newsticker_1985586
Import prices continue to fall in Germany. Imported goods were 0.6% cheaper in July than in June. This is having a positive impact on inflation.
https://www.handelsblatt.com/politik/deutschland/einfuhren-deutsche-importpreise-sinken-weiter-deutlich/29362280.html
The inflation rate in Germany continued to fall in August, albeit less sharply than had been expected. Instead of 6.0%, the inflation rate was still 6.1%. Core inflation remained at 5.5%.
https://m.faz.net/aktuell/finanzen/inflation-in-deutschland-faellt-im-august-auf-6-1-prozent-19137911.html
Thursday:
Production data in China is now negative for the fifth month in a row. The Purchasing Managers' Index moved up slightly from 49.3 to 49.7, which is also why two Chinese cities now have the option of easier mortgage lending.
https://app.handelsblatt.com/finanzen/maerkte/marktberichte/boerse-asien-chinesische-anleger-bleiben-nach-schlechten-wirtschaftsdaten-skeptisch/29364642.html
$7203 (+1,03%) Toyota presents strong data, also due to the weak yen, sales increased significantly. Most recently, Toyota was mainly in the headlines because of a production stoppage of all Japanese plants.
https://www.spiegel.de/wirtschaft/toyota-gesamte-japanische-produktion-gestoppt-a-28dfbcee-59d9-4e87-8dfb-5812457bd857
The inflation rate in the euro zone is stubbornly holding steady at 5.3%; a drop to 5.1% was expected. As early as September 14, the ECB will decide on the further interest rate policy in a meeting. The ECB wants to decide purely on the basis of data. It therefore remains open whether there will be a further interest rate hike or a rate cut.
https://www.handelsblatt.com/finanzen/geldpolitik/geldpolitik-inflation-im-euro-raum-verharrt-ueberraschend-bei-5-3-prozent/29363740.html
India 🇮🇳 currently seems to be the place to be. The growth is breathtaking, India seems to be able to profit from the weakness of China. The growth rate in the months April to June was 7.8%. India is thus growing faster than China for five quarters in a row.
https://app.handelsblatt.com/politik/international/konjunktur-indien-haengt-china-beim-wachstum-immer-deutlicher-ab/29365996.html
Friday:
$NDA (-0,13%) Aurubis has to cut its annual forecast due to thefts in the three-digit million range. The copper producer already had to correct the result in June due to thefts.
https://app.handelsblatt.com/unternehmen/industrie/kupferhersteller-aurubis-gibt-nach-metalldiebstahl-gewinnwarnung-ab-aktie-stuerzt-ab/29366954.html
Mixed figures from the US labor market report - although 187,000 new jobs were created, the previous months' figures had to be revised downward by 200,000 jobs. Unemployment rose 0.3 percentage points to 3.8. This increases the probability of an interest rate pause in the USA 🇺🇸.
https://www.tagesschau.de/wirtschaft/finanzen/marktberichte/marktbericht-dax-dow-geldanlage-ezb-euro-zinsen-aktien-100.html
These are the most important dates for the coming week:
Monday: 09:00 GDP figures (Switzerland)
Tuesday: 03:45 Caixin services (China)
Wednesday: 11:00 Retail Sales (Euro)
Thursday: 14:30 Labor data (USA)
Friday: 01:50 GDP figures (Japan)
