(News Bulletin 247) – In Europe, the stock markets are on the rise, Paris grabbing nearly 0.4%, ahead of London (+0.3%) and Frankfurt (+0.1%) at the dawn of t a week full of statistics.

Indeed, investors will take note of several leading European statistics this week, such as a new estimate of GDP and inflation in the euro zone, the ZEW index in Germany or the rate of unemployment in France.

Across the Atlantic, the calendar for the week promises to be equally rich, with, for example, the Empire State index this afternoon, then industrial production, retail sales and the Conference Board’s leading indicators for April, in the days coming.

In the meantime, operators were able to discover that between February and March 2023, seasonally adjusted industrial production fell by 4.1% in the euro zone and by 3.6% in the EU, according to Eurostat.
In February, it had increased by 1.5% in the euro zone and by 1.4% in the EU.

According to Kiplink analysts, caution should dominate trading in a tense environment marked by the risk of default on the part of the United States due to discussions on the debt ceiling.

In the news of European companies, Siemens Energy publishes for its second quarter 2022-23 a net loss reduced to 189 million euros, against 256 million a year earlier, as well as a profit before exceptional items of 41 million, compared to a loss of 49 million.

In addition, Siemens announces that it has entered into a strategic partnership agreement with Cellforce, a manufacturer of high performance Li-Ion battery cells for the automotive market. The MoU provides for Siemens to become Cellforce’s preferred supplier of automation and digitization technology.

Solvay announces that it has officially opened a new Application Development Laboratory (ADL) in Shanghai to expand the global presence of its research and innovation capabilities.

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