(News Bulletin 247) – European stock markets start the week with slight declines (-0.1% in London, -0.2% in Frankfurt and -0.3% in Paris), this first session being very calm, especially since Wall Street will be closed all day because of ‘Washington’s Birthday’.
‘The Fed’s monetary policy remains in the background in anticipation of several rate hikes, while the geopolitical climate remains tense elsewhere,’ warns Kiplink, pointing to the United States’ warning to China about the war in Ukraine.
No statistics are scheduled for Monday, but the coming days will notably see the flash PMI indices from S&P Global, the business climate indices in Germany (Ifo) and France (Insee), or even inflation in the eurozone.
In the United States, a second estimate of US GDP for the last quarter of 2022 is expected, as well as housing sales, but also household income and expenditure for the month of January.
As for corporate results, groups such as HSBC, Stellantis, Rio Tinto, Bouygues and BASF in Europe, as well as distributors such as Walmart and Home Depot across the Atlantic, must publish this week.
For the time being, Commerzbank has dropped 3% in Frankfurt, while the title of the German bank is due to replace Linde next week in the DAX index, on a decision by the Qontigo index board.
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