(CercleFinance.com) – In a fairly calm context this Monday, the European stock markets are starting on a hesitant note (stability in London, -0.1% in Paris, -0.2% in Frankfurt) a week which promises to be busy both on a macroeconomic level and on that of results.
No macroeconomic data is expected today, but the following will see the publication, for example, of the ZEW index in Germany, the unemployment rate in France, or even new estimates of growth and inflation in the euro zone.
In the United States too, the week promises to be rich on the statistics front, including figures for inflation, retail sales, industrial production and residential construction for the month of April.
American consumer prices, expected on Wednesday, should particularly attract attention, with investors counting on a slight slowdown in inflation which would validate the scenario of future rate cuts.
‘We recommend building portfolio positions based on all possible scenarios, but with a bias favoring the prospect of rate cuts,’ says Angelo Kourkafas, strategist at Edward Jones.
The coming days will also see the continuation of company publications for the first quarter, with those of groups such as Bayer, KBC, Allianz and Vodafone in Europe, or even Home Depot, Cisco and Walmart across the Atlantic.
For the moment, we note that AkzoNobel has gained 3% in Amsterdam, with the support of UBS which raises its recommendation on the supplier of paints and coatings from ‘neutral’ to ‘buy’, with an objective of price increased from 76 to 80 euros.
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