In the current context of the invasion of Ukraine by the Russian armed forces, it is not said that investors attach any importance to economic indicators, except perhaps the preliminary estimate of German inflation in February. With the war, which is causing global panic and a surge in commodity prices, the rise in prices promises to be lasting and greater than initially expected, economists have been warning in chorus for several days. Those polled by Bloomberg expect a 5.3% increase over one year in inflation across the Rhine in February, or 0.2 points more than in January.
Few achievements
Rising prices and the war, coupled with the health crisis, will also be at the heart of Joe Biden’s first State of the Union speech, on the night of Tuesday to Wednesday. A major test for the 46th President of the United States, eight months before the midterm elections which promise to be difficult for the Democratic camp and at a time when questions are multiplying about a possible diplomatic failure of the administration against Moscow. . With a satisfaction rate of less than 40% in the opinion, Joe Biden must also face criticism on the weakness of his economic achievements and galloping inflation. ” The popularity of the American president is inversely correlated to the price of gasolinenote analysts at Oddo BHF. [Or] vsThe price is up 7% year-to-date, after rising 53% in 2021.” In terms of achievements, the grand recovery plan Build Back Better (Building Back Better) of $1.7 trillion was stillborn after Democratic Senator Joe Manchin opposed his vote. According to the indiscretions of the American press, the president’s advisers are working on a text emphasizing what they believe to be Joe Biden’s best asset, namely empathy and his understanding of the difficulties that Americans are going through.
Among the other indicators of the day, but whose impact on the trend will undoubtedly be marginal, we can cite: Final Eurozone Manufacturing Purchasing Managers PMI Indexes for February, February services ISM in the United Statesthe January construction spending across the Atlantic and the vehicle registrations in France in February. In Asia, we will focus on China’s February manufacturing purchasing managers’ PMI Caixin index.
On the values front, ESI-Group and Europcar Mobility Group will publish their annual results, while Vilmorin will provide an update on its accounts for the first half of 2021-2022. Plant Advanced Technologies, he will reveal his annual turnover. Internationally, we will follow the results of Bayer, Hewlett-Packard, Salesforce.com (Dow Jones), Target and Zalando.