In this period of soaring global inflation, Eurostat will present the final figures for March consumer price developments in the euro area. According to the consensus established by Bloomberg, the increase should be confirmed at 2.5% over one month and 7.5% over one year. It will be at 11 o’clock. Before that, INSEE will have published, before the opening, its monthly economic survey in services, industry and trade for April, as well as its business climate indicator for the same month.
In the United States, the Department of Labor will present, at 2:30 p.m., the unemployment registration statistics for the week to April 16. They should have decreased to 180,000, against 185,000 seven days earlier. At the same time, the Philadelphia Fed will present its manufacturing activity index for the month of April (expected at 21.7 points, after 27.4 in March). Then, the Conference Board will unveil at 4 p.m. its index of leading indicators for March (expected to rise by 0.3%, as in February). Finally, Jerome Powell, Christine Lagarde and Indonesian Finance Minister Sri Mulyani Indrawall will take part in a discussion on the global economy in the evening as part of a meeting organized by the IMF.
Eurofins Scientific and Kering for the Cac 40
On the business front, two components of the Cac 40 will take stock of their activity in the first quarter: Eurofins Scientific and Kering.
The last of three luxury sector players to publish its quarterly sales, Gucci’s parent company is expected to report revenues of around 4.7 billion euros, up 21%, according to FactSet. For the specialist in bio-analytical services, it will be the results of the first quarter. Excluding Covid-related activity, sales growth should exceed 10% and the Ebitda margin is expected to remain stable at the high level of 24%.
Within the Next 20, Office Veritas, Edenred, Gecina, getlink and Rexel will disclose their first quarter sales and Sartorius Stedim Biotech its results for the first three months of the year.
Albioma, Aubay, Carmila, Covivio, Covivio Hotels, FDJ, Fnac-Darty, GL Events, Gorged Group, GTT, Guerbet, Ipsos, Maurel & Prom and Orapi will publish their quarterly turnover, while Company of the Alps will disclose its revenues for the first half of 2021-2022 and Mauna Kea Technologies its annual results.
Internationally, Dow Inc.a component of the Dow Jones, will release its first quarter results. American Airlines and AT&T will do the same.