(CercleFinance.com) – The European stock markets are starting with a certain caution (-0.3% in London, -0.4% in Frankfurt, stability in Paris) a week which promises to be very busy, between ECB meetings, macroeconomic data and corporate earnings season.
The main meeting of the coming days, the board of governors of the European Central Bank is due to hold its monetary policy meeting in Athens on Thursday, with economists generally expecting a status quo on key rates.
‘There is no reason for the Board of Governors to once again display a restrictive bias, beyond vigilance regarding the evolution of upward risks of inflation caused by the recent tension in the energy markets ‘, estimates Oddo BHF.
No statistics are expected this Monday, but the coming days will see the publication of preliminary PMI indices, the Ifo business climate index in Germany, or even a first estimate of American growth in the third quarter.
On the corporate publications front, for example, those of European groups such as Novartis, Air Liquide, Unilever and Sanofi are planned, but also American technology giants Microsoft, Meta and Amazon.
For the moment, Philips is losing 1% in Amsterdam, with investors showing little impression by the better-than-expected quarterly results of the health equipment specialist, any more than by its increase in annual targets.
Volkswagen, for its part, lost 3% in Frankfurt after the car manufacturer announced disappointing results for its third quarter, as well as a downward revision of its objectives for the whole of 2023.
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