Focus on the macroeconomics and on Danone’s annual forecasts

With the conflict in Ukraine likely to drag on and the prospect of stagflation looming over the global economy, the macroeconomy will be front and center again on Tuesday. If the euro area GDP growth should be confirmed at 0.3%, the statistic seems less relevant given the geopolitical news, and the market will favor OECD economic forecasts to try to get a glimpse of the difficulties to come.

The industrial production in Germany will also be a good indicator, even if the figures are for the month of January. The consensus formed by Bloomberg expects a rebound of 0.5%, after a contraction of 0.3% in December. “Data from the automotive sector suggests that supply issues remain significant but are trending down. Beyond monthly visibility, the rebound that began in the fourth quarter of 2021 should continue in the first quarter of 2022 “, according to analysts at Oddo BHF. The statistics will be released at 8 a.m.

Danone facing investors, Apple holds its keynote

In the United States, it will be at 2:30 p.m. january trade balance, expected in deficit of 87.3 billion dollars after a negative balance of 80.7 billion in December. ” It is particularly noteworthy that automotive sector imports are recovering strongly. After hitting a low of 17 points below the pre-crisis average, they rose back above it in January. Tensions on production lines are decreasing “, again according to Oddo BHF.

On the corporate front, Danone will hold an investor day during which the group will unveil its objectives for 2022. Devoteam will present its annual results, whileEkinops and McPhy Energy will do the same after closing.

Internationally, Oracle will publish its accounts for the third quarter, whileApple will hold its first keynote of the year by videoconference. The apple brand should present new products like the iPhone SE 5G, the iPad Air, which could also integrate 5G, as well as one or more new Mac computers.