In particular, the publication of new US inflation data and the associated interest rate cut fantasies have increasingly driven market participants in recent trading days. It is also the hope of a breakthrough in possible peace talks in the Ukraine-Russia conflict that is keeping risk appetite alive.
This Friday, investors on both sides of the Atlantic are eagerly awaiting the planned meeting between Donald Trump and Vladimir Putin in the US state of Alaska.
DAX
Source: TradingView
Expectations for meeting between Trump and Putin in Alaska likely to be high - potential for disappointment pronounced
Investors are eagerly awaiting today's planned meeting between US President Donald Trump and Kremlin leader Vladimir Putin. The war in Ukraine is to be discussed. There is also speculation about a possible ceasefire agreement between Ukraine and Russia. According to Trump, it is possible that the summit will fail.
In view of the high expectations in advance, investors should be prepared for corresponding price fluctuations after the results are announced.
US inflation lower than expected - core rate of inflation picks up slightly
According to the latest figures, price pressure in the largest economy was 2.80 percent (compared to the same month last year) and therefore slightly lower than economists had expected in advance (2.90 percent). However, the core rate of inflation rose by 0.10 percentage points to 3.10 percent in the same period.
One of the key topics of discussion on the market is therefore likely to remain market participants' interest rate cut fantasies. The CME Group's "Fed Watch Tool" currently estimates the chance of a rate cut of 25 basis points at the upcoming meeting on September 17, 2025 at 92.6%.
EU GDP grows slightly - US producer prices significantly stronger than expected
Gross domestic product for the eurozone rose by 0.2% in the second quarter compared to the previous quarter, which was as high as expected.
Producer prices (excluding energy and food) are likely to have caused a disappointment in terms of US interest rate reduction fantasies on Thursday afternoon, which at 3.70 percent were significantly higher than expected (2.90 percent) compared to 2.60 percent in the previous month.
US retail sales and consumer confidence round off the trading week
At the end of the week, investors in the USA will be looking ahead to retail sales (14:30) and preliminary consumer sentiment data (University of Michigan) at 16:00.
E.ON confirms its forecasts
In the current reporting season, the figures from E.ON (ISIN: DE000ENAG999) caused a stir in Germany on Wednesday. Following growth in the first half of the year, the energy group was able to confirm its forecasts. Ebitda (adjusted) rose by 13 percent to 5.5 billion euros, it said. The electricity grid business once again stood out as the biggest profit generator. Adjusted EBITDA is expected to reach a value of between 9.6 and 9.8 billion euros in 2025, it added.
E.ON
Source: TradingView
Dow Jones Industrial Average
Source: TradingView
