(CercleFinance.com) – The European stock markets start the week in a real gloom (-0.9% in London, -1.2% in Frankfurt, -1.6% in Paris), in a context of certain geopolitical tensions and against a backdrop of lackluster macroeconomic data released this morning in the region.
‘Tensions between Beijing and Washington are exacerbated by the destruction of a Chinese balloon over American territory’, underlines Kiplink, who also points to ‘mixed statistics which reinforce the prospect of high interest rates for an extended period’ .
Much less busy than the previous week, the week’s statistics calendar will include data such as German industrial production and inflation for December, or UK GDP for the last quarter of 2022.
For now, we learned this morning that retail sales in the euro zone fell by 2.7% last December, but that orders to German industry had rebounded by 3.2% over the same month. .
Noting that this rebound was driven by large-scale orders, Commerzbank warned that the trend in orders remains ‘clearly on the downside’, and that ‘industry is more likely to slow the German economy this year’.
Operators will be able to focus in the days to come on the numerous quarterly publications planned, such as those of BP, Unilever, Credit Suisse and ArcelorMittal in Europe, or Disney and PepsiCo in the United States.
In the meantime, Dufry is losing nearly 3% in Zurich, while the travel zone distributor has completed the acquisition of the 50.3% stake in the Italian group Autogrill held by Edizione, which in return has become the main shareholder. by Dufry.
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