As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.
Also as a video:
https://youtube.com/shorts/aCegNR5bGqI?si=dWuwEVlKmh4sVMK1
Monday:
I used to be a socialist - until I realized that socialism doesn't produce innovation." - Philippe Aghion 💬
Together with Joel Mokyr and Peter Howitt, Aghion receives the Nobel Prize in Economics 2025 🏅 - for their research into how innovation and competition drive growth.
Their conclusion: Progress requires freedom, curiosity and the courage to change. 💡🔥
Tuesday:
Jerome Powell sees the US economy on track. He also sees no broad pressure on inflation, but mainly tariffs, which have recently driven inflation. Experts expect an increase to 3.1% for September. The next interest rate meeting is scheduled for the end of October.
Wednesday:
The company $MC (-3,25%) LVMH surprised positively with its quarterly figures. After several poor quarters, sales increased again by 1% in the third quarter. Analysts had expected a decline of 0.7%.
Thursday:
The controversial food company $NESN (+0,22%) Nestlé is also on the road to recovery. Organic growth amounted to 3.3% after 9 months. Nestlé was recently in the headlines due to the replacement of the Executive Board. The outlook was confirmed.
Friday:
Fears of a new banking crisis are spreading on the markets, which is depressing share prices. This is triggered by two regional banks in the USA, which claim to have been the victims of fraud. There were probably false statements and breaches of contract, which is why USD 60 million has been set aside at $ZION (+1,29%) Zions Bank. The Western Alliance wants to reclaim 100 million euros.
These are the most important dates in the coming week:
Monday: 08:00 Producer prices (DE)
Tuesday: 14:30 Inflation data (Canada)
Thursday: 16:00 Consumer confidence (EU)
Can you think of any other dates?
#erzeugerpreise
#deutschland
#eu
#verbrauchtervertrauen
#inflation
#kanada
