The United States is once again threatened by government arrest

Martial speech

Pentagon boss Pete Hegseth, who renamed his ministry a few weeks ago, gathered the entire worldwide US military leadership at the Quantico base in Virginia and swore to prepare for a possible war yesterday. But not, as he said because America wanted a war, but because the United States loves peace.

More than expected

The inflation in Germany increased for the second time in a row. After an annual rate of 2.2 % in August, a further increase had been expected in the consensus, but only 2.3 % and not as now reported to 2.4 %. However, the figures on the harmonized consumer prices throughout the euro area are more decisive than the data from Germany. After all, these are a central determinant for ECB’s monetary policy. In a harmonized calculation, the domestic inflation also increased by 0.3 and not just 0.2 percentage points due to the slightly different shopping cart. So far, the forecasters expected an increase in inflation in the euro area from 2.0 % in August to 2.2 % in September. Because of the German figures, however, there is now a certain risk that the Euro-area inflation could continue to move away from the 2%goal of the ECB.

Strong October, weak October

In the ideal course of all 37 completed years since the DAX start in 1988, the German Blue Chip Index made 5.07 percentage points between July 20 and October 2. In the current year he even marked his high on July 9th and sank by 6.13 percentage points until the previous course of the course on September 16. In 2025 the so -called summer doldrums ran almost according to the script. In the United States, however, nothing was felt by this. Finally, the S&P 500 even made a new all -time high on September 22nd. While the months of August and September are historically weakest in the months of August and September, and typically stands for the start of the annual third in October, the latter is particularly dubious in the United States. On the long-term average, October was the only month of the year in which the US feature index sank in the course. In the end, however, this was no longer true. In October in October, US shares have increased by 1.4 % in October. Now the US market starts with a bad news this month.

USA in the shutdown

In addition to the ISM purchasing manager index for the processing industry, the number of US position structure charged by the private labor market service provider ADP in September is on the agenda. These usually throw a highlight on the official US working market data, which is regularly raised two days later. In view of the US shutdown, which comes into force tonight, which is paralyzed by large parts of the US federal authorities and weakens the US economy, the publication of the latter figures should initially be postponed for an unexpected time. As of now, the US Democrats are only available for an increase in the debt limit if the US President recovered the recently coated grants for health insurance people (Medicaid).

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