So anyone who still holds ARM ($ARM (-2,66%) ) shares should think twice. Soft Bank ($9984 (-3,53%) ) wants its money back from WeWork ($WE ) back.
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1Anno·
As every Sunday, the most important news from the past week and the dates for the coming week.
Here are the dates as a video:
https://youtube.com/shorts/gi-bydNnthY?si=wMn36h67rEc0oa0I
Monday:
Good news on the German economy. The economy shrank by 'only' 0.1% in the third quarter. A decline of 0.4 % was expected. In addition, the figures for the previous quarter were revised upwards to growth of 0.1%. Previously, stagnation had been expected in the second quarter.
The inflation rate fell surprisingly sharply to 3.8% in October.
https://amp.focus.de/finanzen/news/inflation-schwaecht-sich-im-oktober-deutlich-ab_id_235396453.html
$MCD (-0,31%) McDonald's is growing surprisingly strongly. Recently, fast food shares have tended to be sold off due to the developments surrounding weight loss injections. However, this development is not reflected in McDonald's figures. Total sales grew by 14 % to EUR 6.69 billion. The dividend is to be increased by 10 %. We also noticed the high McDonald's density in Bordeaux. All the stores were very busy.
Tuesday:
Inflation has already fallen significantly in Germany. In the eurozone, inflation is approaching the ECB's 2% target even faster. Inflation in the eurozone fell to 2.9% in October. Economists were expecting 3.1%. This is the lowest level since July 2021.
https://www.tagesschau.de/wirtschaft/konjunktur/inflation-euroraum-oktober-100.html
The head of the Greek central bank, Yannis Stournaras, believes that an interest rate cut by the ECB is realistic by mid-2024 at the earliest. However, this would also require inflation to fall below the 3% level on a permanent basis. If even the head of the Greek central bank does not expect interest rate cuts until mid-2024 at the earliest, it is very unrealistic that we will see interest rate cuts any earlier. An exception would probably be a genuine economic crisis and a resulting collapse in inflation.
$TMV (-2,93%) Teamviewer continues with double-digit growth. Sales increased by 10 % to EUR 158.1 million and operating profit by almost 20 % to EUR 70.3 million.
$BAS (-0,12%) BASF posted a net loss of EUR 249 million. This was mainly due to non-cash-effective write-downs on the subsidiary Wintershall. The dividend is expected to remain stable at EUR 3.40.
Wednesday:
At $WE WeWork is probably considering filing for insolvency. The share therefore collapses.
$7203 (+2,16%) Toyota delivers record figures. The car manufacturer has so far hardly focused on electromobility. In Japan, the focus is still on hybrid vehicles. Turnover for the year is expected to increase by 16% to EUR 269 billion. The profit forecast has been raised to EUR 28 billion.
The FED is keeping the key interest rate unchanged. The decision had been on the cards. The key rate thus remains in the range of 5.25 % to 5.50 %. However, the FED is keeping its options open for further increases should strong economic growth in the USA lead to rising inflation again.
Thursday:
$BOSS (+0,51%) Hugo Boss appears to be defying the worsening retail environment. EBIT rose by 12% to EUR 103 million in Q3. The margin also improved. Sales increased by 10% to EUR 1.03 billion.
The BoE also did not change the current key interest rate of 5.25%. This means that key interest rates in Canada, the eurozone, the USA and the UK will remain stable. Experts expect interest rates in the UK to remain above a level of 4% until 2029. Even the head of the Greek central bank does not expect key interest rates in the eurozone to be lowered before mid-2024.
The Danish group $NOVO B Novo Nordisk achieves record results thanks to the hype surrounding its slimming product. In Q3, sales increased by 29% to EUR 7.9 billion. The operating profit rose to EUR 3.6 billion. Novo Nordisk is now one of the most valuable European companies alongside LVMH. Much of the hype has been priced into the valuation, so the share is no longer a bargain.
$AAPL (+1,34%) Apple misses analysts' expectations in China. Otherwise, things are going well thanks to the new iPhone. Profits rose by almost 10 % to just under USD 23 billion in the third quarter.
Friday:
$BMW (+0,87%) BMW further increased deliveries and earnings in the third quarter. At 10.3%, the return on sales was at the upper end of the target range. Car sales increased by 5.3%. Sales of electric cars rose by 80% to 93,000 and operating profit increased to EUR 4.35 billion.
$VNA (+2,37%) Vonovia is on course. The Group has already generated EUR 3.7 billion from sales this year. The Group had aimed for EUR 2 billion. This means that the Group does not have to take on new debt at significantly worse conditions. FFO (mainly income from rents) will fall slightly as a result of the sales. Depreciation and amortization led to a non-cash loss of EUR 3.8 billion in the first nine months. However, no further write-downs had to be made in the 3rd quarter.
New job data from the US reinforces the impression that interest rates are no longer rising and continues to push the stock market higher. 150,000 new jobs were added in October, 180,000 were expected. The number of jobs created in September was also subsequently revised downwards.
https://eu.usatoday.com/story/money/2023/11/03/jobs-report-october/71430177007/
The most important dates for the coming week:
Monday: 09:55 Purchasing Managers' Index (DE)
Tuesday: 04:30 Interest rate decision (Australia)
Wednesday: 11:00 Retail Sales (Eurozone)
Thursday: 02:30 Inflation data (China)
Friday: 16:00 Consumer Confidence (USA)
www.youtube.comDie WICHTIGSTEN Börsentermine der kommenden Woche
99
1Anno·
As every Sunday, the news of the last week and the most important dates of the coming week.
The most important dates of the coming week as a video:
https://youtube.com/shorts/XRpmGjw1CJ8?feature=share
Monday:
$G24 (+0,54%) Scout24 is able to increase its forecast despite the slump in the real estate market. Also due to the acquisition of Sprengnetter (valuation portal), sales can increase by 15%. In a tense market, Scout24 profits above all from marketing and Plus products.
Catastrophic figures from $ENR (+2,08%) Siemens Energy - Because of the wind power division, an annual loss of EUR 4.5 billion is expected. The main reason is damage to wind turbines. As a consequence, the company wants to part with certain suppliers.
Industrial production in Germany is being cut back more sharply than expected. In June alone, production fell by 1.3% compared with the previous month. Experts had expected a smaller decline.
$TSM (+0,43%) TSMC is coming to Germany and can expect EUR 5 billion in subsidies. A plant is being built near Dresden, which will be operated jointly with NXP, Infineon and Bosch.
Tuesday:
The trading da#china disappoint. Both exports and imports were below expectations. Year-on-year, exports sank by 14.5% in July. Imports fell by 12.4%. The data are compared in USD. At the same time, however, the renminbi yuan depreciated against the USD.
$SIX2 (+0,72%) Sixt achieves record earnings, the best quarterly result in the Group's history. Bayer has to take write-downs, as already announced. The loss was slightly lower than expected. RTL has to revise its full-year forecast downward. Fraport becomes more optimistic for the full year.
The excess profits tax from Italy 🇮🇹 is putting pressure on banks throughout Europe today. This is because the Italian government wants to skim off the banks' higher interest income. This is causing uncertainty about similar legislative projects and dragging the sector down.
Wednesday:
$VOE (+1,03%) Voestalpine with profit slump, however, there was a corresponding expectation. The forecast was confirmed.
Also $EOAN (-0,18%) eon also confirmed the forecast it had raised in July. The company is said to be continuing on its growth course.
$DHER (+3,05%) Delivery Hero raises its revenue forecast. Revenue is expected to grow by 15% instead of 10%. In addition, the EBITDA margin is to be at least 0.5%.
#deflation instead of inflation in China 🇨🇳. The new data push the markets in Asia into the red on Wednesday. Prices fell by 0.3% compared to the same month last year. Expected were even 0.4%. Nevertheless, the figures did not go down well, because deflation is, like inflation harmful to the economy.
For the first time in 10 years, deposits at Volksbanks and savings banks have fallen. This is good news, because it means that customers are switching to better-interest alternatives. This also puts Volksbanks and savings banks under pressure to finally allow savers to participate in the higher interest rates.
$WE WeWork stands shortly before the insolvency. The share price is plummeting. The only way out would be fresh money. However, commercial real estate is generally not in demand, so the co-working space business is likely to have a hard time.
Thursday:
Surprisingly good figures from $ALV (-0,66%) Allianz, profit exceeded expectations due to fewer natural catastrophes and higher prices.
$HFG (+0,69%) Hellofresh continues to lose customers, but significantly increases bottom-line profit. The forecast remains unchanged.
$$MUV2 (-1,1%) Munich Re earns less than expected, but maintains forecast.
Rheinmetall increases sales, but earns less.
Inflation in the USA 🇺🇸 rises again slightly to 3.2%. However, 3.3% was expected, so this data should be received positively by the stock market and also provide further impetus.
Friday:
$CWC (+0,88%) CEWE benefits from higher travel. More people buy photo books. The last two quarters are the most important for the Group. However, sales already increased by 11 % in the second quarter.
Also $BC8 (+0,82%) Bechtle can beat expectations. The revenue forecast is reaffirmed. The pre-tax profit of 93.8 million euros was above the expected 90.
These are the most important dates for the coming week:
Monday: 14:00 Consumer Prices (India)
Tuesday: 11:00 ZEW Economic Indicator (DE)
Wednesday: 11:00 GDP figures (EU)
Thursday: 14:30 Manufacturing data (USA)
Friday: 11:00 Inflation data (EURO)
www.youtube.comWICHTIGSTE Termine der kommenden Woche
1Anno·
$WE Valued at ~50 billion just under 4 years ago, now at under 400 million and potentially a total loss.
https://www.zeit.de/wirtschaft/unternehmen/2023-08/buerovermieter-wework-steht-vor-insolvenz
1010
2 CommentiIt's best to get Adam Neuman back, he'll sort it out 🤣🤣 No kidding, among other things I saw the series, I thought it was good, which of course gave very good insights into WeWork. He had a grandiose vision, but was yes then forced to resign. He is a bit eccentric with his wife, and that also hurt the company under his leadership, but it also helped. I've seen a lot of WeWork offices lately. Among other things, you have to see where you can make savings. They don't have that much of their own staff in the spaces. I think they develop (or have) too many locations in one place sometimes. You would have to do without one or the other location. I think that's how it was in the film at the end, but that's also how it really was. Started too big to expand and simply no more cash, of course also because of the exclusive management style with parties or many company branches that no longer really had anything to do with their own business and so on.
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