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/P7B_mXvAg-c?si=CNpKK-zfBeTMD-sW
Monday:
China continues to struggle with economic problems. Above all, weak domestic demand and the trade conflicts are weighing on industrial production. The Purchasing Managers' Index remains below 50 at 49.7 points, with values above 50 signaling growth.
Inflation in Germany surprisingly falls to 2% in June. This puts inflation exactly on target for the ECB. In May, the inflation rate was still at 2.1%.
Tuesday:
In June, inflation in the eurozone rose slightly to 2.0%, which is right on target for the ECB.
https://www.tagesschau.de/wirtschaft/konjunktur/inflation-eurozone-anstieg-100.html
Thursday:
$TMV (-0,6%) Teamviewer is currently still valued at a P/E ratio of 11. This is an extraordinary valuation for a software company that also offers AI solutions. Analysts see upside potential of 50% and more. The Handelsblatt has now dedicated an article to the topic and explains it primarily with the slump in growth after Corona.
The US labor market is proving more robust than expected. 147,00 new jobs were created. Economists had only expected job growth of 110,000 outside the agricultural sector.
These are the most important dates for the coming week:
Monday: 11:00 Retail Sales (EUR)
Wednesday: 20:00 FOMC Minutes (USA)
Friday: 14:30 Current account balance (DE)