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/QjmnXzs5aPw?si=UBa2XKVcVG4h_9k1

Sunday:

Stock markets are likely to open lower on Monday. The reason is the tariff dispute between the USA and the rest of the world. Mexico and Canada have been hit with 25% tariffs, China with 10% and the EU is to follow suit. Both Mexico and Canada are not putting up with it and are hitting back. Justin Trudeau announces the same tariffs on US products and calls for a boycott of US products.

https://www.handelsblatt.com/politik/international/reaktion-auf-trump-kanada-schlaegt-im-zollstreit-zurueck-dollar-fuer-dollar/100105058.html

Monday:

Inflation in the eurozone is on the rise again. Inflation rates rose to 2.5% in January. The expectation was 2.4%, but in combination with Trump's tariffs, this news is unlikely to go down well. This is because higher inflation and tariffs could make further interest rate cuts less likely.

https://www.morningstar.de/de/news/260151/inflation-in-der-eurozone-steigt-wieder-an---eu-bereitet-sich-auf-us-zouml%3Blle-vor.aspx

Tuesday:

UBS $UBSG (+0,91%) UBS benefits from higher interest rates and generates significantly higher profit. Profit amounted to 5.1 billion euros in 2024. The integration of Credit Suisse is progressing well. The dividend is set to increase.

https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/banken-ubs-hebt-nach-gewinnsprung-dividende-deutlich-an/100105216.html

Things are going well at $KGX (-0,36%) Kion. Despite an improved margin, the Group intends to further optimize costs. The operating margin improved to 8% in 2024. Cash flow and operating margin surprised positively.

https://www.finanzen.net/amp/effizienzoffensive-kion-aktie-gewinnt-marge-2024-verbessert-sich-kion-setzt-dennoch-sparmassnahmen-um-14205140

Wednesday:

Trump once again enters negotiations with maximum demands. He talks about the USA taking over the Gaza Strip. We are curious to see what the final outcome will be.

https://www.handelsblatt.com/politik/international/israel-trump-will-gaza-besetzen-und-palaestinenser-umsiedeln/100105686.html

$GOOGL (-2,28%) Alphabet falls slightly short of revenue expectations. Instead of USD 96.56 billion, it was only USD 96.47 billion. Overall, revenues increased by 12% in the last quarter. At 32%, the cloud division grew two percentage points less than expected.

https://www.finanzen.net/amp/quartalszahlen-vorgelegt-alphabet-aktie-rutscht-ab-google-mutter-alphabet-mit-gewinnsprung-cloudgeschaeft-enttaeuscht-14201453

German car manufacturers are not the only ones struggling with sales problems. Also $TSLA (-4,32%) Tesla and now $7203 (-0,72%) Toyota are also presenting poorer figures. Profits fell by 28% to 7.66 billion euros in the third quarter. In addition, Toyota is only now starting to develop electric cars.

https://www.handelsblatt.com/unternehmen/industrie/toyota-gewinn-des-groessten-autoherstellers-bricht-um-mehr-als-ein-viertel-ein/100105585.html

Good news: producer prices in the eurozone have risen less sharply than expected at 0.4%.

https://www.handelsblatt.com/finanzen/geldpolitik/inflation-erzeugerpreise-im-euroraum-gestiegen/100105784.html

Thursday:

The BoE cut the key interest rate to 4.5%. However, two members of the relevant committees called for an even greater rate cut. At the same time, the growth forecast in the UK 🇬🇧 was adjusted downwards.

https://www.handelsblatt.com/finanzen/geldpolitik/bank-of-england-leitzins-in-grossbritannien-sinkt-erneut-notenbank-steckt-im-stagflationsdilemma/100104646.html

These are the most important dates for the coming week:

Wednesday: 14:30 Inflation data (USA)

Thursday: 14:30 Producer prices (USA)

Friday: 14:30 Retail sales (USA)

Can you think of any other dates? Write it in the comments 👇

#inflation
#usa
#einzelhandel

As every Sunday, the most important news of the last week, as well as the three most important dates of the coming week.

Also as a video:

https://youtube.com/shorts/uFwVbCNGMd4?si=R4ReCZQl2ud6wUW-

Monday:

$9868 (+5,58%) Xpeng and $VOW3 (+1,32%) VW deepen their partnership in China 🇨🇳. Among other things, they are opening up their fast-charging networks to each other. New charging stations are also to be built jointly. VW holds a 5% stake in Xpeng.

https://www.handelsblatt.com/unternehmen/industrie/autobauer-xpeng-und-volkswagen-erweitern-ihre-partnerschaft-in-china/100098791.html

$BOSS (+0,31%) Hugo Boss wants to further strengthen the brand and has brought brand expert James Foster on board for this purpose. Foster was most recently head of marketing at Netflix in EMEA and worked at IKEA and Adidas.

https://www.absatzwirtschaft.de/neuer-globaler-marketingchef-bei-hugo-boss-265528/

Inflation is clearly above expectations and is therefore depressing sentiment for the time being. In December, inflation stood at 2.6% Economists had expected 2.4%. The inflation rate is also likely to remain well above the 2.0% target in January. This is due to higher CO2 prices and a more expensive ticket to Germany.

https://www.handelsblatt.com/finanzen/geldpolitik/inflation-teuerungsrate-steigt-in-deutschland-auf-26-prozent/100098327.html

The USA 🇺🇸 puts Tencent on a list of companies that allegedly support the Chinese military. The share loses significantly.

https://de.marketscreener.com/kurs/index/DOW-JONES-INDUSTRIAL-4945/news/USA-fugen-Tencent-und-CATL-der-Liste-chinesischer-Firmen-hinzu-die-angeblich-Pekings-Militar-unte-48689565/

Tuesday:

A cooperation between $NVDA (-3,63%) NVIDIA, $KGX (-0,36%) Kion and $ACN (-5%) Accenture to optimize supply chains causes Kion shares to rise significantly. Kion and Accenture are relying on AI from NVIDIA for optimization.

https://www.ariva.de/amp/ki-anwendungen-kion-arbeitet-mit-nvidia-zusammen-11493206

Wednesday:

$TMV (+1,21%) Teamviewer announces via ad hoc that it has exceeded its forecast for the year. Turnover increased by 9% in 2024. In total, it will probably be 671 million euros. The forecast was 662 - 668 million euros. This was mainly due to new billings and significant contracts signed with major customers.

https://www.boerse.de/nachrichten/EQS-Adhoc-TeamViewer-SE-TeamViewer-erzielt-Jahresumsatz-2024-von-ca-671-Mio-EUR-9-Prozent-waehrungsber-ggue-VJ-und-uebertrifft-Prognose-ausschlaggebend-waren-hoehere-Billings-von-ca-700-Mio-EUR-im/36874269

Retail sales have been growing again for 2 years. In real terms, however, the level is still below that of 2021. Compared to the previous month, sales have fallen more sharply than expected. However, the overall consumer mood among Germans is on the rise. The GfK consumer barometer climbed by 1.8 points to -21.3 points.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/handel-deutsche-einzelhaendler-steigern-umsatz-im-jahr-2024/100099305.html

Donald Trump is calling for more military spending and also wants to annex three countries - Canada, Panama and Greenland. This is not only highly dangerous rhetoric, but above all in the interests of Russia and China, who are planning to do the same with Ukraine and Taiwan. If Trump follows up his words with action, this would put the 'ambitions' of China and Russia into perspective

Thursday:

The Chinese fast clothing delivery service Shein probably wants to go public in the first half of the year. The IPO is planned for London. Shein is headquartered in Singapore.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/shein-billigmode-haendler-plant-boersengang-wohl-im-ersten-halbjahr/100099587.html

Friday:

$1913 (+0,17%) Prada is probably planning to take over the Italian fashion house Versace. Versace is currently part of the Capri holding company. A sale of the entire holding company for 8.5 billion euros has failed. Individual brands such as Versace and Jimmy Choo are now up for sale.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/luxusmarken-prada-an-uebernahme-von-versace-interessiert/100099688.html

The labor market report from the USA is significantly better than expected. This could lead to the Fed lowering interest rates more slowly than previously assumed. The unemployment rate fell to 4.1%, expected: 4.2%. A total of 256,000 new jobs were created, compared to an expected 155,000.

https://www.handelsblatt.com/politik/international/konjunktur-us-arbeitsmarktbericht-faellt-ueberraschend-gut-aus/100099726.html

$NLM (-0,31%) Frosta exceeded the profit forecast. As expected, turnover amounted to 638.1 million euros. Profit rose to 42.1 million euros and was thus significantly higher than in the previous year (34.1 million euros). The profit margin was also above expectations at 6.6%.

https://www.4investors.de/nachrichten/amp/boerse.php?sektion=stock&ID=181168

These are the most important dates for the coming week:

🇺🇸

Tuesday: 14:30 Producer prices (USA)

Wednesday: 14:30 Inflation data (USA)

Friday: 15:15 Industrial production (USA)

Can you think of any other dates? Write it in the comments 👇

#termine
#inflation
#industrie
#usa

$NVDA (-3,63%)

• NVIDIA ANNOUNCES PROJECT DIGITS PERSONAL COMPUTER PRICED AT $3,000.

• Nvidia $NVDA CEO Jensen Huang just said he thinks self driving vehicles will likely be the first multi trillion dollar robotics industry

• KION $KGX (-0,36%) NVIDIA and Accenture optimize supply chains with AI-powered robots and digital twins (German)

• Uber $UBER (-2,45%) Teams Up with NVIDIA to Accelerate Autonomous Mobility

• $MU (-4%) NVIDIA CEO HUANG: MICRON PROVIDES MEMORY FOR NEW GPUS

• Toyota, Aurora, and Continental Partner with $NVDA NVIDIA for Autonomous Vehicle Revolution

• $NVDA Nvidia Launches Cosmos World Foundation Model Platform to Accelerate the Development of Physical AI

Nvidia Cosmos is a platform of state-of-the-art generative World Foundation

models (WFM), advanced tokenizers, guardrails and an accelerated

accelerated data processing and curation pipeline that enables the

development of physical AI systems such as autonomous vehicles (AVs) and

• robots

Analsyst updates, 06.12.

⬆️⬆️⬆️

• BERNSTEIN raises the price target for SIEMENS from EUR 220 to EUR 227. Outperform. $SIE (-0,45%)
• JPMORGAN raises the target price for SIEMENS ENERGY from EUR 38.70 to EUR 44. Neutral. $ENR (-4,27%)
• JEFFERIES upgrades BMW from Hold to Buy and raises target price from EUR 80 to EUR 85. $BMW (-0,12%)
• ODDO BHF raises the price target for AURUBIS from EUR 70 to EUR 76. Neutral. $NDA (-3,06%)
• UBS raises target price for AUTO1 from EUR 9.80 to EUR 20.50. Buy. $AG1 (+0,69%)
• UBS raises the target price for NORDEA from SEK 144 to SEK 145. Buy. $NDA FI (+0,99%)
• DEUTSCHE BANK RESEARCH raises the price target for FREENET from EUR 34 to EUR 36. Buy. $FNTN (+0,91%)
• DEUTSCHE BANK RESEARCH raises the target price for DS SMITH from GBP 4 to GBP 5.80. Hold. $SMDS
• JPMORGAN raises the price target for THYSSENKRUPP from EUR 3.80 to EUR 4.10. Neutral. $TKA (+0,54%)
• JPMORGAN raises the target price for SALZGITTER from EUR 11.50 to EUR 14.10. Underweight. $SZG (-3,59%)
• JPMORGAN raises the price target for SCHNEIDER ELECTRIC from EUR 270 to EUR 275. Overweight. $SU (+0,5%)
• JPMORGAN raises the price target for KNORR-BREMSE from EUR 88 to EUR 92. Overweight. $KBX (+0,71%)
• MORGAN STANLEY upgrades HANNOVER RÜCK to Overweight. Target price EUR 292. $HNR1 (-0,02%)
• JPMORGAN raises the target price for COMMERZBANK from EUR 18.40 to EUR 19.50. Overweight. $CBK (-0,9%)

⬇️⬇️⬇️

• GOLDMAN lowers the price target for LVMH from EUR 770 to EUR 720. Buy. $MC (+0,4%)
• MORGAN STANLEY downgrades MUNICH RE to Equal-Weight. Target price 523 EUR. $MUV2 (-0,6%)
• JEFFERIES downgrades MERCEDES-BENZ from Buy to Hold and lowers target price from EUR 73 to EUR 60. $MBG (-1,31%)
• ODDO BHF lowers the price target for DELIVERY HERO from EUR 43 to EUR 38. Neutral. $DHER (-3,81%)
• WARBURG RESEARCH lowers the price target for COMPUGROUP from EUR 31 to EUR 24.50. Buy. $COP (-0,63%)
• JPMORGAN lowers the price target for VESTAS from DKK 143 to DKK 123. Neutral. $VWS (-1,47%)
• JPMORGAN lowers the price target for KION from EUR 44 to EUR 43. Overweight. $KGX (-0,36%)
• MORGAN STANLEY downgrades ORSTED to Equal-Weight. Target price DKK 480. $ORSTED (-1,82%)

Analyst updates, 29.11.

⬆️⬆️⬆️

- BOFA raises the price target for SIEMENS ENERGY from EUR 48 to EUR 52. Neutral. $ENR (-4,27%)

- GOLDMAN raises the target price for DEUTSCHE TELEKOM from EUR 37 to EUR 39. Buy. $DTE (+0,67%)

- BERENBERG raises the price target for PFIZER from USD 27 to USD 29. Hold. $PFE (+1,91%)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 14.15 to GBP 16.02. Overweight. $TKWY (+0,67%)

- WARBURG RESEARCH raises the target price for RATIONAL from EUR 800 to EUR 810. Hold. $RAA (+1,23%)

- BOFA upgrades SCHNEIDER ELECTRIC from Underperform to Neutral and raises target price from 175 EUR to 255 EUR. $SU (+0,5%)

- BOFA raises the price target for NORDEX from 17.90 EUR to 19.30 EUR. Buy. $NDX1 (+0,87%)

- BERENBERG raises the target price for ZALANDO from EUR 29.70 to EUR 38. Buy. $ZAL (-1,25%)

- WARBURG RESEARCH upgrades WACKER NEUSON from Hold to Buy. Target price EUR 17. $WAC (+0,59%)

- WARBURG RESEARCH raises the price target for ALZCHEM from EUR 75 to EUR 77.50. Buy. $ACT (-0,43%)

- ODDO BHF upgrades NORMA GROUP from Neutral to Outperform. Target price EUR 18.10. $NOEJ (-2,91%)

- BOFA raises the price target for KNORR-BREMSE from EUR 68 to EUR 70. Underperform. $KBX (+0,71%)

- BOFA upgrades ABB to Buy. $ABBNY (-0,56%)

- BOFA upgrades KION from Neutral to Buy and raises target price from EUR 39.50 to EUR 48.50. $KGX (-0,36%)

- BOFA upgrades JUNGHEINRICH from Underperform to Neutral and raises target price from EUR 24 to EUR 26. $JUN3 (-0,22%)

- BERENBERG raises the price target for GLOBAL FASHION GROUP from EUR 0.23 to EUR 0.27. Hold. $GFG (-1,94%)

- HSBC raises the price target for DEUTSCHE BÖRSE from EUR 230 to EUR 236. Buy. $DB1 (-0,57%)

⬇️⬇️⬇️

- KEPLER CHEUVREUX lowers the price target for HUGO BOSS from EUR 59 to EUR 41. Buy. $BOSS (+0,31%)

- BOFA downgrades GENERALI from Neutral to Underperform and raises target price from EUR 26 to EUR 27. $G (-1,43%)

- DEUTSCHE BANK RESEARCH lowers the price target for L'OREAL from EUR 335 to EUR 280. Sell. $OR (+1,22%)

- BOFA lowers the target price for BAE SYSTEMS from GBP 13.75 to GBP 12.40. Underperform. $BA. (-0,14%)

- BERENBERG lowers the price target for ALLGEIER from EUR 22 to EUR 19. Buy. $0RQZ

Analyst updates, 25.11.

⬆️⬆️⬆️

- MORGAN STANLEY upgrades ROBINHOOD to Overweight. Target price USD 55. $HOOD (-7,16%)

- BARCLAYS raises the price target for DEUTSCHE TELEKOM from EUR 37 to EUR 39.50. Overweight. $DTE (+0,67%)

- BERENBERG raises the target price for SIEMENS ENERGY from EUR 35 to EUR 70. Buy. $ENR (-4,27%)

- UBS raises the target price for RHEINMETALL from EUR 570 to EUR 630. Neutral. $RHM (-1,89%)

- BARCLAYS raises the price target for 1&1 from EUR 17 to EUR 20. Equal-Weight. $1U1 (+1,37%)

- DEUTSCHE BANK RESEARCH upgrades VESTAS from Hold to Buy. $VWS (-1,47%)

- DEUTSCHE BANK RESEARCH raises the price target for VONOVIA from EUR 33 to EUR 38. Buy. $VNA (+0,26%)

- DEUTSCHE BANK RESEARCH raises the price target for TAG IMMOBILIEN from EUR 16 to EUR 18. Buy. $TEG (-0,85%)

- DEUTSCHE BANK RESEARCH upgrades AROUNDTOWN from Sell to Hold. Target price EUR 2.80. $AT1 (+0,28%)

- DEUTSCHE BANK RESEARCH raises the price target for LEG IMMOBILIEN from EUR 90 to EUR 105. Buy. $LEG (-0,46%)

- DEUTSCHE BANK RESEARCH upgrades DEUTSCHE WOHNEN from Hold to Buy and raises target price from EUR 19 to EUR 28. $DWNI (-0,22%)

- STIFEL raises the price target for NOVARTIS from CHF 106 to CHF 109. Hold. $NUVN

- DEUTSCHE BANK RESEARCH upgrades JD SPORTS FASHION from Sell to Hold. $JD. (-1,25%)

- DEUTSCHE BANK RESEARCH raises the price target for ALSTOM from EUR 22 to EUR 25. Buy. $ALO (-2,19%)

- MORGAN STANLEY raises the price target for DEUTSCHE BÖRSE from EUR 213 to EUR 232. Equal-Weight. $DB1 (-0,57%)

- KEPLER CHEUVREUX raises the target price for ECKERT & ZIEGLER from 57.30 EUR to 60.30 EUR. Buy. $EUZ (-2,2%)

- BARCLAYS raises the target price for UNITED INTERNET from EUR 23 to EUR 26. Equal-Weight. $UTDI (+0,66%)

- JEFFERIES raises the price target for HEIDELBERG MATERIALS from 142.10 EUR to 145.50 EUR. Buy. $HEI (+0,51%)

⬇️⬇️⬇️

- DEUTSCHE BANK RESEARCH lowers the price target for KION from EUR 55 to EUR 50. Buy. $KGX (-0,36%)

- DEUTSCHE BANK RESEARCH lowers the price target for CTS EVENTIM from EUR 114 to EUR 106. Buy. $EVD (+0,29%)

- GOLDMAN downgrades ORSTED from Buy to Neutral and lowers target price from DKK 520 to DKK 445. $ORSTED (-1,82%)

- DEUTSCHE BANK RESEARCH lowers the price target for H&M from SEK 200 to SEK 190. Buy. $HM B (+0,62%)

- MORGAN STANLEY lowers the price target for MERCK KGAA from EUR 200 to EUR 190. Overweight. $MRK (+2,28%)

- BARCLAYS lowers the target price for THYSSENKRUPP from EUR 4.40 to EUR 4. Underweight. $TKA (+0,54%)

- MORGAN STANLEY downgrades ING to Equal-Weight. Target price EUR 17.50. $ING (-0,3%)

- JPMORGAN lowers target price for RWE from EUR 48 to EUR 47.50. Overweight. $RWE (+1,08%)

Analyst updates, 04.11.

⬆️⬆️⬆️

- BERENBERG raises the target price for SHELL from GBP 31 to GBP 31.50. Buy. | $SHEL (-1,69%)

- BERENBERG raises the price target for MTU from EUR 270 to EUR 350. Buy. | $MTX (-3,41%)

- BRYAN GARNIER raises the price target for HELLOFRESH from EUR 8.50 to EUR 10. Neutral. | $HFG (-0,1%)

- DEUTSCHE BANK RESEARCH raises the price target for SCOUT24 from EUR 84 to EUR 92. Buy. | $G24 (+0,64%)

- DEUTSCHE BANK RESEARCH raises the price target for SANTANDER from EUR 5.75 to EUR 5.80. Buy. | $SAN (+1,62%)

- RBC raises the target price for NEXT PLC from GBP 105 to GBP 108. Sector Perform. | $NXT (+3,17%)

- UBS raises the price target for CHEVRON from USD 192 to USD 194. Buy. | $CVX (-0,58%)

⬇️⬇️⬇️

- UBS lowers the price target for BERKSHIRE HATHAWAY from USD 806.724 to USD 796.021. Buy. | $BRK.B (-0,13%)

- CITIGROUP lowers the price target for STMICRO from EUR 36 to EUR 30. Buy. | $STMPA (-1,92%)

- JPMORGAN lowers the price target for ASM INTERNATIONAL from EUR 806 to EUR 716. Overweight. | $ASM (-0,78%)

- RBC downgrades CARL ZEISS MEDITEC from Outperform to Sector-Perform and lowers target price from EUR 85 to EUR 70. | $AFX (-0,59%)

- WARBURG RESEARCH lowers the price target for KION from EUR 65 to EUR 58. Buy. | $KGX (-0,36%)

- ODDO BHF downgrades JENOPTIK from Neutral to Outperform and lowers target price from EUR 32 to EUR 30. | $JEN (-0,81%)

- ODDO BHF lowers the price target for AIXTRON from EUR 22 to EUR 21. Outperform. | $AIXA (-2,09%)

- ODDO BHF lowers the price target for FIELMANN from EUR 45.70 to EUR 44.60. Neutral. | $FIE (+0%)

- HAUCK AUFHÄUSER IB lowers the price target for KNORR-BREMSE from 65.50 EUR to 63.60 EUR. Sell. | $KBX (+0,71%)

- GOLDMAN downgrades STANDARD CHARTERED to Neutral. Target price GBP 9.37. | $STAN (+1,14%)

- GOLDMAN lowers the price target for GENERALI from EUR 31.50 to EUR 30.50. Buy. | $G (-1,43%)

- GOLDMAN lowers the price target for PHILIPS from EUR 35 to EUR 32. Buy. | $PHIA (+2,11%)

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/daFPRwE-j8E?si=rm959Ks8BvcSsCC6

Sunday:

Strong competition is causing profits in China's automotive industry to slump. In addition, data continues to point to high deflationary pressure and subdued demand for credit. China's economy is probably recovering more slowly than expected. The quarterly figures for car manufacturers and the luxury industry have already hinted at this development.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-chinas-industriegewinne-brechen-ein/100083447.html

Monday:

As Israel has spared Iran's oil facilities, the price of oil falls significantly. The markets are thus pricing in an increasing escalation of the conflict.

https://www.t-online.de/finanzen/aktuelles/wirtschaft/id_100518666/oelpreis-sinkt-aktuell-trotz-angriff-auf-iran-schwaches-china-als-ursache.html

Tuesday:

$GOOGL (-2,28%) Alphabet once again surprises analysts in a positive sense. Revenue increases by 15 %. Cloud and advertising business in particular drive the result. YouTube is also growing faster than expected. Quarterly revenue increased to USD 88.27 billion.

https://www.handelsblatt.com/technik/it-internet/tech-konzern-cloud-geschaeft-und-werbeeinnahmen-schieben-alphabet-an/100082032.html

Real estate prices in the USA 🇺🇸 reach a new all-time high. Prices rose by a further 4.2 % in August compared to the previous year. In Germany, on the other hand, prices have corrected in recent years. In New York City, prices have even risen by 8.1%. Followed by Las Vegas, Chicago, Cleveland and Detroit.

https://www.bankrate.com/real-estate/case-shiller/

Wednesday:

$VOW3 (+1,32%) VW presents its figures and, as expected, they are poor. The operating margin in Q3 is still at 3.6%. The forecast for the year as a whole is 5.6%. VW must therefore deliver strong figures in Q4, otherwise a further forecast reduction is imminent. Cost savings seem unavoidable after these quarterly figures. However, wage negotiations with the IG-Metall trade union are due to start right now.

https://www.handelsblatt.com/unternehmen/industrie/volkswagen-vw-gewinn-bricht-im-dritten-quartal-dramatisch-ein/100081845.html

$KGX (-0,36%) Kion is growing in terms of turnover and is increasing EBIT significantly. The company's cash flow is also increasing. In particular, lower-margin old orders were processed, which increased EBIT.

https://www.boerse.de/nachrichten-amp/EQS-News-KION-Group-erzielt-starkes-Ergebnis-und-steigert-Profitabilitaet-in-den-ersten-neun-Monaten-des-GJ-2024/36628115

Inflation in Germany rose to 2.0%, which is exactly in line with the ECB's target. The main reason for this is a slight increase in energy prices in October. However, the effect is likely to be reversed again next month due to the sharp fall in oil prices.

https://www.faz.net/aktuell/finanzen/die-inflation-in-deutschland-steigt-auf-2-prozent-110078902.html

Thursday:

The Bank of Japan leaves key interest rates unchanged. This was expected and prevents further distortions due to the carry trade, among other things.

https://ch.marketscreener.com/kurs/wahrung/EURO-JAPANESE-YEN-EUR-JPY-4592/news/Japanische-Notenbank-halt-Zinsen-stabil-48215141/

Friday:

$AAPL (+0,26%) Apple records growth in sales and profits, but the share still loses ground, this has to do with a cautious forecast. Turnover will only increase in the low to medium percentage range. Investors are also concerned about a decline in sales in China.

https://www.finanzen.net/nachricht/aktien/ikonzern-mit-zahlenvorlage-apple-aktie-sinkt-dennoch-apple-mit-zuwaechsen-bei-umsatz-und-gewinn-13968697

Key dates for the coming week:

Tuesday: Presidential election (USA)

Wednesday: 11:00 Producer prices (EU)

Thursday: 13:00 Interest rate decision (UK)

What other important dates can you think of?

#uswahl
#trump
#harris
#uk
#eu

+++ Earnings summary this morning, 31.07. +++

Adidas $ADS (-0,81%) achieved sales of €5.8 billion in the second quarter (previous year: €5.3 billion), EBIT of €346 million (previous year: €176 million) and net profit from continuing operations of €211 million (previous year: €96 million).

-

KRONES $KRN (+0,97%) achieves revenue of €1.31 billion in Q2 (previous year: +16.7%, analyst forecast: €1.295 billion); EBITDA of €130.8 million (previous year: +22.8%, forecast: €130 million) and net profit of €69.2 million (previous year: +19.5%). Outlook for 2024 confirmed.

-

Auto1 Group $AG1 (+0,69%) achieved sales of €1.52 billion in the second quarter (previous year: €1.34 billion, analyst forecast: €1.45 billion), sales of 166,292 vehicles (previous year: €141,682 vehicles); gross profit of €173.3 million (previous year: €127.8 million) and EBITDA (adjusted) of €20.7 million (previous year: -€14.8 million, forecast: €9.7 million).

-

TEAMVIEWER $TMV (+1,21%) achieved revenue of €164.1 million in the second quarter (previous year: €154.2 million, forecast: €163.3 million), EBITDA (adjusted) of €67.5 million (previous year: €63.8 million, forecast: €64.3 million) and net profit of €26.5 million (previous year: €34.0 million). Outlook for 2024 confirmed.

-

Fresenius $FRE (+0,18%) achieved adjusted sales of €5.41 billion (previous year: €5.1 billion, forecast: €5.27 billion), EBIT (adjusted) of €660 million (previous year: €571 million, forecast: €626 million) and adjusted net income after minority interests of €457 million (previous year: €393 million, forecast: €404 million) in the second quarter. Outlook confirmed.

-

Siemens Healthineers $SHL (+0,45%) achieved sales of €5.4 billion in the third quarter (previous year: €5.2 billion, forecast: €5.5 billion), EBIT (adjusted) of €825 million (previous year: €758 million, forecast: €856 million) and net profit of €472 million (previous year: €451 million). Outlook confirmed.

-

Nemetschek $NEM (-0,34%) confirms key figures for Q2 with revenue of €227.7m, EBITDA of €61.4m and outlook for 2024.

-

Lufthansa $LHA (-0,44%) achieves revenue of €10.01bn (previous year: €9.38bn), EBIT (adjusted) of €686m (previous year: €1.1bn) and net profit of €469m (previous year: €881m) in Q2. Outlook confirmed on July 12.

-

KION $KGX (-0,36%) achieved revenue of €2.9 billion in the second quarter (previous year: €2.8 billion, forecast: €2.9 billion), EBIT (adjusted) of €220.3 million (previous year: €192.3 million, forecast: €218 million) and a net profit of €70.7 million (previous year: €72.8 million).

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/m3JKFUrMVtY?si=1kbET0y7yhLVSg-y

Monday:

While car shares in particular fell last week following the announcement of tariffs on e-cars, China is reacting differently than expected. In response to the tariffs, it is not car manufacturers that are to be punished, but farmers. China is probably planning to increase tariffs on pork. China is probably aiming to hit France in particular, which campaigned for the tariffs. While Germany wanted to prevent the tariffs at EU level. The largest exporter of pork to China in the EU is Spain, followed by France. Germany no longer exports any pork to China.

https://www.handelsblatt.com/politik/international/sonderzoll-china-kuendigt-anti-dumping-test-fuer-schweinefleisch-aus-europa-an/100045858.html

Tuesday:

Warren Buffett invested in BYD years ago. Now the investor is selling his shares. The sale has already begun in 2022. Warren Buffett is therefore also acting anti-cyclically in this case.

https://www.instagram.com/p/C8WRNgftYV0/?igsh=cXlveXR0bDJxYm92

According to a study by the Swiss private university IMD, Germany is falling further behind in terms of competitiveness. Ten years ago, Germany was still in 6th place, but is now in 24th place out of 67 countries surveyed. Germany was particularly criticized for being inflexible and bad at picking up on new things. Here, Germany was ranked 64th out of 67. Productivity in Germany is also not improving any further. Rising productivity in particular is a prerequisite for real wage growth without losing competitiveness.

https://www.spiegel.de/wirtschaft/iwd-studie-deutschland-rutscht-im-laendervergleich-der-wettbewerbsfaehigsten-nationen-ab-a-8bf1cd36-e5e9-4c73-8f6b-3341d8626859

Wednesday:

Inflation in the UK 🇬🇧 reached the 2% level again. This means that for the first time in 3 years, inflation is back at the central bank's target inflation rate. However, prices for services such as overnight stays, haircuts and the like continue to rise too sharply.

https://amp.cnn.com/cnn/2024/06/19/economy/uk-inflation-target-interest-rate-cuts

Thursday:

The ifo Institute expects the ECB to make 2 further cuts this year. As a result, GDP is expected to grow by 0.4% in Germany this year (previously 0.2%) and by a significant 1.5% next year.

https://www.handelsblatt.com/politik/konjunktur/wirtschaftswachstum-ifo-institut-verdoppelt-prognose-fuer-deutschland/100046686.html

Javier Milei seems like a social experiment to many in Europe. However, the Argentinian president is currently delivering. Argentina has been chronically over-indebted for years. Now China is extending a loan, as is probably the IMF. Inflation in Argentina has been in double figures for months. - From month to month! Now Milei's tough austerity measures have also led to success here. Month-on-month inflation has fallen from 25% to 4%. It is clear that the austerity measures are currently hitting the poorest people in the country the hardest. However, Milei's radical reforms, which have now also passed through parliament, could lead to long-term growth, which would also benefit the poorest people in the country. As Argentina is a food exporter, the poorest are unlikely to go hungry for the time being. For Milei, it should now be important for both domestic and foreign investment to increase. Then even the poorest people will have prospects again.

https://www.handelsblatt.com/politik/international/argentinien-was-javier-milei-in-sechs-monaten-erreicht-hat/100044980.html

As expected, the BoE is leaving the interest rate unchanged at 5.25%.

https://www.fxstreet.com/news/boe-set-to-leave-interest-rates-unchanged-could-deliver-cautious-message-on-inflation-202406200600

Friday:

The $KGX (-0,36%) Kion share falls significantly following a buy recommendation from UBS. Sounds absurd, and it is, but because the price target was lowered, the share falls by 7%, although the price target is more than 20% above the current value of the share.

https://www.boerse.de/nachrichten-amp/ANALYSE-FLASH-UBS-senkt-Ziel-fuer-Kion-auf-50-Euro-Buy/36188620

Most important dates in the coming week:

Wednesday: 22:30 Info bank stress test (USA)

Thursday 14:30 GDP (USA)

Friday: 14:30 Consumer spending data (USA)