(CercleFinance.com) – While London remains closed, the other European markets are starting the year with a certain enthusiasm (+ 0.7% in Frankfurt, + 0.9% in Paris), encouraged by a PMI index which is start off on the right foot a week which promises to be particularly rich in statistics.
IHS Markit’s final PMI index for eurozone manufacturing stood at 58 in December, according to the flash estimate, down from 58.4 in November, marking a slight slowdown in sector growth .
‘The results of the survey did not tarnish the festive atmosphere at the end of the year, with data for December highlighting signs of easing of the supply crisis that has hampered retail chains for several months. production in Europe ‘, notes IHS Markit.
Many other European data are expected in this first week of the year, including composite PMI indices, inflation and economic sentiment indices in the euro zone, as well as French and German activity data for November.
In the United States, in addition to the latest PMI and ISM indices, the ADP survey on private employment, the trade balance and industrial orders for November, and especially the official employment report for the month of December.
‘After a very positive year for the markets, the beginning of 2022 could be that of the questioning of the impact of ultra-accommodative monetary policies on the economy, inflation or even the stability of fiat currencies’, warns IG France.
‘This year could be the end of the pandemic, or at least the end of the negative effects on the economy, but also the end of a cycle of rising markets, driven by the massive injection into the monetary system’, judge he does.
In the news of securities, Zurich Insurance takes 1% after the sale by the group, to the Portuguese GamaLife, of an Italian portfolio made up of life insurance contracts and existing retirement savings plans, a transaction which should improve his financial situation.
Ahold Delhaize ahead of less than 1% in Amsterdam amid the start today of its € 1 billion share buyback program announced on November 15, a program that the food distributor plans to complete before the end of 2022 .
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