As every Sunday, the most important news of the last week and the dates of the coming week, also as video:
https://youtube.com/shorts/s9icpY6A1oo?si=QsXp6ZlISFxhfKGA
Monday:
Industrial production continued to fall in August. This was announced by the Federal Statistical Office. Compared with the previous month, production fell by 0.2%.
https://de.nachrichten.yahoo.com/industrieproduktion-august-leicht-gesunken-064837469.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmRlLw&guce_referrer_sig=AQAAABoUoG_Fdj82a1jbK9Fd851Fr89fGGzI4TynzzLWUK-rH_Zm5dStpOHe28nGLBqa9ls2-AyTQ1_PeP5_fuAeumlT215yWuHprNOxrSHVtHO-o9cM3sqRWRrCN29ZKR3kV8iOPHT-nZnVd1i23bDvza6_JxtsGlZFUebqdlC4GAUd
Tuesday:
$KBC2 Kontron receives two major orders from the aviation industry worth EUR 100 million.
https://www.boerse.de/nachrichten-amp/Technologiekonzern-Kontron-erhaelt-zwei-Auftraege-aus-der-Luftfahrtbranche/35360444
The trade balance of Japan shows that Japan continues to achieve an export surplus. The surplus tripled in August to more than $15 billion. One of the main reasons are falling prices for imported goods.
https://www.japantimes.co.jp/business/2023/10/10/economy/japan-current-account-surplus/
$1211 (+2,45%) BYD is on the verge of $TSLA (-4,32%) replacing Tesla as the world's largest e-car manufacturer.
https://teslamag.de/news/byd-keine-marktfuehrer-konkurrenz-tesla-keine-angst-eu-verfahren-61724/amp
$EH Ehang, a stock in our Growth Depot, is requesting a trading halt. The request is probably related to an extraordinary announcement.
https://www.instagram.com/p/CyOFeDrOhkY/?igshid=MWZjMTM2ODFkZg==
Wednesday:
$NOVO B Novo Nordisk is seeing positive results with its antidiabetic in chronic kidney patients. This puts a strain on dialysis speci $FME (+0,32%) Fresenius Medical Care and also $FRE (+0,18%) Fresenius. The study could be terminated due to proven efficacy. Fresenius Medical Care is thus likely to lose further patients; it already lost many during the corona pandemic due to excess mortality.
https://www.wallstreet-online.de/nachricht/17417078-aktien-fokus-studienerfolg-novo-nordisk-belastet-dialysebranche-fmc
$BIRK (-3,71%) Birkenstock comes to the stock exchange with a price of EUR 46. The company was made fit for the stock exchange by Bernard Arnault and ends up there with a sporting valuation of USD 8.6 billion.
https://www.t-online.de/nachrichten/ausland/id_100257866/birkenstock-an-der-boerse-46-dollar-pro-aktie.html
Producer prices in the USA rise more strongly than expected. They rose by 2.2% compared with the same month a year ago. The expectation was for around 1.6%. Producer prices are a leading indicator for inflation, so this is bad news.
https://www.handelsblatt.com/dpa/usa-erzeugerpreise-steigen-staerker-als-erwartet/29440252.html
Thursday:
The war of Isreal and Hamas now has a concrete impact on an asset class: cryptocurrencies. Apparently, cryptocurrencies in particular have been used to finance terror. Israeli police now froze all crypto accounts used to publicly solicit donations. Most of the accounts were held at Binance. Binance confirms cooperation with Isreal. However, the SEC is also suing Binance, so in the US the events also have possible consequences for the world's largest crypto exchange. $BTC (-0,27%)
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/terrorfinanzierung-israel-friert-krypto-konten-der-hamas-ein/29441628.html
Inflation data from the US is not coming in well. The inflation rate remains at 3.7%. A decline was expected.
https://www.handelsblatt.com/finanzen/maerkte/marktberichte/dax-aktuell-dax-rutscht-nach-us-inflationsdaten-50-punkte-ab/29442046.html
Friday:
Still virtually no inflation in China. Consumer prices stagnated again, a slight increase was expected. China's foreign trade also continues to shrink. Exports and imports each fell by 6.2% compared to the same period last year. Experts see a slow, temporary recovery of the economy at the end of 2023.
https://amp2.handelsblatt.com/finanzen/geldpolitik/volksrepublik-china-verharrt-am-rande-einer-deflation/29444536.html
Also $VOW3 (+1,32%) VW also seems to be slowly stabilizing in China. In September, 0.9% fewer vehicles were sold than in the previous month. Worldwide, however, VW delivered 2.3 million vehicles in Q3, which is 7.4% more than in the same period last year. VW is able to make up for the problems in China with significant increases in North America and Europe. This is a healthy development, as it reduces dependence on China. Electric cars already accounted for 7.9% of total sales so far in 2023, or about 530,000 cars. By comparison, Tesla sold only 1.3 million vehicles in the same period.
https://www.handelsblatt.com/unternehmen/industrie/autobranche-volkswagen-stabilisiert-sich-in-china-langsam/29445046.html
$EH Ehang gets mega-approval in China. China's civil aviation authority has approved EH216-S. This is an unmanned drone with autopilot. It is the first approval of its kind in the world, making it a real milestone. The approval process went 2 years with countless tests. Shortly, trading in the stock will start again.
https://www.deraktionaer.de/artikel/mobilitaet-oel-energie/ehang-mega-genehmigung-in-china-aktie-wird-wieder-handelbar-20341104.html
Monday: 11:00 Trade Balance (EuroZone)
Tuesday: 11:00 ZEW survey (DE)
Wednesday: 04:00 GDP figures (China)
Thursday: 14:30 Unemployment Claims (USA)
Friday: 08:00 Producer Prices (DE)
