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THE NAGA GROUP AG

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NAGA : Top 4 economic events of the last week this year

12/28/2021 | 09:37am EDT

2022 is just around the corner, but that doesn't mean the financial markets sleep, so let's take a look at what's going on this week!

US API Weekly Crude Oil Stock - (Wednesday, December 29)

On Wednesday, December 29 at 21:30 GMT, the United States API Weekly Crude Oil Stock will be released. The API's Weekly Statistical Bulletin (WSB) has published data on refinery operations and the output of the four primary petroleum products: motor gasoline, kerosene jet fuel, distillate, and residual fuel oil in the United States and its regions. More than 85% of the whole petroleum industry comprises these items. The next United States API Weekly Crude Oil Stock consensus is unknown yet. According to the China National Petroleum Corporation's (CNPC) Economics & Technology Research Institute (ETRI), China's oil consumption could peak at over 780 million tonnes per year by 2030. This can have a positive impact on oil prices.

Watch out for $OIL.WTI price action.

US Goods Trade Balance - (Wednesday, December 29)

The US Goods Trade Balance will be released at 13:30 GMT on Wednesday, December 29. The difference in value between imported and exported items for a given month is the Goods Trade Balance, published by the US Bureau of Economic Analysis and the US Census Bureau. The figure will be provided every month, 4-7 days before the international trade balance, and will include advanced statistics for the previous month. Given that it began in July 2015, volatility may be irregular during the initial releases; nonetheless, it should be noted that stronger exports and lower imports are considered positive for the dollar and vice versa.

Watch out for the EUR/USD and other dollar-related currency pairs.

Switzerland KOF Leading Indicator - (Thursday, December 30)

On Thursday, December 30, the Swiss KOF Leading Indicator will be released at 08:00 GMT. The Konjunkturforschungsstelle Swiss Institute for Business Cycle Research publishes the KOF Swiss Leading Indicator. It's a joint survey with a leading indicator that measures future trends in overall economic activity. It depicts the movement of Switzerland's GDP growth and economic trend. Typically, a positive economic release is considered good for the Swiss Franc and vice versa.

Watch out for USD/CHF.

China NBS Manufacturing PMI - (Friday, December 31)

On Friday, December 31, at 01:00 GMT, the China NBS Manufacturing PMI will be released. The China Federation of Logistics and Purchasing (CFLP) publishes the Manufacturing Purchasing Managers Index (PMI), examining business conditions in China's manufacturing sector. A figure of more than 50 indicates expansion, whereas a reading of less than 50 indicates contraction. It's a leading indicator of economic health because firms react swiftly to market conditions, and buying managers may have the most up-to-date and relevant knowledge regarding the company's economic outlook. The yen, as is customary, does not react to economic data or central bank statements. Instead, the country is on the verge of deflation, and there is little indication that rates will climb in the next few years. As a result, the yen remains vulnerable to global risk appetite and the actions of foreign central banks.

Watch out for USD/CNY.

That's it for this week!

Make sure to follow other market events on NAGA's Economic calendar, as well as companies' Q3 earnings reports on the Earnings calendar!

IMPORTANT NOTICE: Any news, opinions, research, analyses, prices or other information contained in this article are provided as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and therefore, it is not subject to any prohibition on dealing ahead of dissemination. Past performance is not an indication of possible future performance. Any action you take upon the information in this article is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of this article.

RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.63% of retail client investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Disclaimer

NAGA Group AG published this content on 28 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2021 14:36:08 UTC.


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Sales 2021 55,3 M 59,1 M 59,1 M
Net income 2021 4,40 M 4,70 M 4,70 M
Net cash 2021 61,6 M 65,8 M 65,8 M
P/E ratio 2021 37,9x
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Capitalization 190 M 204 M 204 M
EV / Sales 2021 2,33x
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Mean consensus BUY
Number of Analysts 3
Last Close Price 3,60 €
Average target price 11,98 €
Spread / Average Target 233%
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Managers and Directors
Benjamin Bilski Chief Executive Officer
Andreas Luecke Chief Financial Officer, Head-Legal & HR
Harald Patt Chairman-Supervisory Board
Hans Jochen Lorenzen Member-Supervisory Board
Robert Sprogies Member-Supervisory Board
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