(CercleFinance.com) – The European stock markets are starting in scattered order (-0.3% in London and Paris, but +0.6% in Frankfurt) a week which will see the kick-off to the third quarter results season quarter in the United States.
Various large American groups must indeed reveal their quarterly performance in the next few days, in particular financial institutions such as JP Morgan Chase, Morgan Stanley or Citigroup on Friday.
No statistics are expected on Monday, but operators will be attentive this week to inflation data in the United States and various European countries, or even industrial production in the euro zone and US retail sales.
In the meantime, caution seems to prevail after the general depression of the markets last Friday, against the backdrop of a generally poorly received US employment report and a warning issued by the semiconductor manufacturer AMD.
“While the Fed still seems in a hawkish mood and the US and global economies are struggling, we now expect the S&P 500 to fall more than we previously thought,” Capital Economics said Friday evening.
On the values side, BMW is ahead 1% in Frankfurt, the automaker having claimed stable sales in the third quarter (-0.9%), leaving it ‘on track to achieve its sales targets for 2022’.
In Paris, its peer Renault gains more than 3% while the diamond group is currently engaged ‘in confidence’ in discussions with Nissan around ongoing initiatives to strengthen cooperation and the future of their alliance.
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