The past few trading days were characterized in particular by geopolitical developments in the Middle East and the Greenland issue. At the same time, investors had to process important US price data and were also confronted with the start of the US reporting season.
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Geopolitical tensions: Concerns about Greenland and Iran
Investors also kept a keen eye on the dynamic developments between the US and Greenland and NATO. The US president wanted to take over Greenland and pointed out that otherwise China and Russia would take possession of the island.
„I do not believe that soldiers in Europe are influencing the president's decision-making process or that it has any bearing on his goal of acquiring Greenland,“ Trump administration spokeswoman Karoline Leavitt said at the White House.
The unrest in Iran is also likely to continue to be one of the factors causing unrest on the market. Since the beginning of the mass protests, the US President has repeatedly threatened to deploy the USA. The United States recently strengthened its military presence in the Middle East with an aircraft carrier.
Core rate of US inflation eases somewhat - focus on interest rate cut fantasies
New US inflation data may have somewhat boosted the Federal Reserve's (Fed) interest rate cut fantasies.
The core rate of US inflation was 2.6% in December (compared to the same month of the previous year) and therefore below expectations (2.7%), after 2.6% in November. Consumer prices, including the volatile energy and food sectors, stood at 2.7% in the same period, unchanged from the previous month. Economists had also expected a rate of 2.7% in advance.
US producer prices also attracted interest on Wednesday, rising by 0.2% month-on-month, twice as much as in the previous month, but as much as expected.
German economy grows again for the first time in two years of recession
The German economy grew again for the first time after two consecutive years of recession, according to data published by the Federal Statistical Office on Thursday. Gross domestic product (GDP) rose by 0.2 percent compared to the previous year. „The growth is mainly due to increased consumer spending by private households and the state,“ said President Ruth Brand.
However, this data is based on preliminary data. It is possible that the domestic economy could gradually work its way out of the recession. GDP was -0.5 percent in 2024 and -0.9 percent in 2023. Economists expect growth of around one percent for the current year.
Major US banks present first figures
Traditionally, the major US banks kicked off the reporting season in the United States this week.
JP Morgan Chase (ISIN: US46625H1005) For example, in the last quarter, the company reported a lower profit than in the previous year. The surplus was 13 billion dollars and therefore one billion dollars lower. Reference was made to the special charge resulting from the takeover of Apple's credit card business.
JP Morgan Chase
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