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/EELEhzk8POo?si=5oaYPdv0LOLBLaBj
Monday:
The ifo business climate index surprisingly rose slightly in January. Despite the recovery, the overall level remains very low. The overall value is 85.1, values above 100 signal growth. The mood is therefore still in the cellar. Companies are hoping for structural reforms, otherwise there will probably be no more than mini-growth in 2025.
Deepseek is currently causing a stir on the AI market. The Chinese company claims to have developed a competitive AI with just USD 5 million. This is depressing the valuations of AI profiteers such as $NVDA (+3,56%) NVIDIA, which have so far sold very expensive 'AI chips' for a lot of money. Apparently it works without this technology ...
https://www.golem.de/news/chinesische-ki-deepseek-schockt-meta-openai-und-co-2501-192766.amp.html
Tuesday:
$SAP (+0,55%) SAP exceeds expectations and further extends its lead as the most valuable German group. Sales increased by 10% to 34.2 billion euros. S/4 Hana Cloud alone grew by 25% to 17.1 billion euros. SAP also expects strong growth in the cloud area in the coming year. Free cash flow is expected to double to 8 billion dollars. SAP is valued at over 300 billion euros on the stock exchange.
Wednesday:
The Fed takes a break from cutting interest rates. The key interest rate remains at 4.25 - 4.5 % for the time being. The Fed wants more data before making a further decision.
In contrast, the Bank of Canada has cut its key interest rate again by 0.25 percentage points. The key interest rate is now 3.0%.
https://globalnews.ca/news/10986501/bank-of-canada-interest-rate-january-2025/amp/
Thursday:
The Federal Statistical Office confirmed the figures for 2024. Germany's economy is in recession. GDP shrank by 0.2% in the 4th quarter of 2024. There has not been a comparably long-lasting economic downturn in Germany since 2003. The forecast for 2025 is also not very optimistic.
As expected, the ECB is once again lowering the deposit rate by a quarter of a percentage point. This puts the key interest rate at 2.75%. If Christine Lagarde has her way, interest rates will fall even further, to around 2.0%.
Friday:
$AAPL (+0,14%) Apple achieves a record quarter, although sales of iPhones fall. Profit rose to 36.3 billion USD in the fourth quarter. Good business with Macs saved the balance sheet. Apple sold significantly fewer devices in China, where sales fell by 11%.
https://www.tagesschau.de/wirtschaft/unternehmen/apple-ki-china-100.html
The inflation rate in Germany is falling, but remains above the ECB's 2% target. At 2.3%, the inflation rate was lower than expected. Experts had actually expected around 2.6%. Inflation data from the eurozone will be published on Monday.
https://www.zeit.de/wirtschaft/2025-01/inflation-deutschland-rueckgang-januar
These are the most important dates for the coming week:
Monday: 11:00 Inflation data (EU)
Wednesday: 16:00 ISM economic data (USA)
Thursday: 13:00 Interest rate decision (UK)
Can you think of any other dates? Write it in the comments đ