Investors will take the pulse of the US labor market, with the ADP survey of job creations in the private sector and weekly jobless claims. The evolution of producer prices in the euro zone will also be closely monitored. On the securities side, Rémy Cointreau will publish its annual results.
The evolution of prices and employment at the heart of Thursday’s program
This Thursday, it will be about employment in the United States. In the early afternoon, at 2:15 p.m., the human resources firm ADP will publish its monthly private sector job creation survey in May. Confident, the economists forming the Bloomberg consensus expect 300,000 hirings, an acceleration compared to April, when 247,000 job creations were recorded. Another indicator to follow: new weekly jobless claims which will fall shortly after, at 2:30 p.m. The figure should remain stable, with the consensus counting on 210,000 allowance requests. Finally, operators will be interested in the evolution of industrial orders in april (consensus: +0.7% over one month).
The rise in producer prices will continue
In the euro zone, investors will be attentive to the development of producer price, as inflationary pressures have intensified in recent months. The environment marked by supply shortages should not allow prices to fall sharply again. The index, which will be unveiled at 11 a.m., should therefore show an increase of 2.3% over one month in April, against 5.3% in March, and 38.6% over one year, after 36.8%. in March. On the business front, the spirits group Remy Cointreau will publish the results of its staggered 2021-2022 financial year, while Saint Gobain will hold its general meeting of shareholders from 3 p.m. The meeting comes the day after the announcement of the takeover of Canadian Kaycan, which specializes in sustainable construction.
Finally, it should be noted that La City is offering itself a long four-day weekend to celebrate the Platinum Jubilee of Queen Elizabeth II.
RG