It’s busy week ahead for the markets: here’s what you should know
Macroeconomically, it promises to be a busy week, while investors are also presented with the last remnant of company figures.
On Monday, the market watches the Chicago Fed Index. Last week, the Philadelphia Fed Index rose much faster than expected. As a result, the index is again above zero, which means that a majority of entrepreneurs expect growth.
On Tuesday, it is time for the composite Purchasing Manager indices and on Wednesday, figures on the housing market will be released from the USA and orders for durable goods will be on the roll.
On Thursday, Germany will take its turn with the entrepreneurial confidence measured by Ifo and growth figures. In the USA, The Weekly applications for support are on the agenda and, as in Germany, growth figures follow. There is also attention for the central banks, with the minutes of the last interest rate meeting of the ECB and in the American Jackson Hole the meeting of central bankers begins. The market will pay particular attention to what Fed Chairman Jerome Powell has to say.
On Friday, there are confidence figures from Germany, France and the USA. There are also figures on income and expenditure in the US. Those figures are accompanied by an inflation rate, which will be closely watched by both the Federal Reserve and the broad market.
The Netherlands
Many business results are no longer on the schedule. On Monday it is the turn of B&S. on Wednesday Kendrion and ASR follow. Alfen will open the books on Thursday, as Will Van Lanschot Kempen and Envipco. Sif and Eurocommercial will close the week on Friday.
Boskalis shareholders will be able to attend the Bava on Wednesday, which the maritime service provider is organising in connection with the takeover bid for HAL.
Belgium
As in the Netherlands, the grading season is largely behind us in Belgium. On Monday and Tuesday the agenda will be empty and only on Wednesday it will be the turn of Smartphoto and Agfa-Gevaert.
Thursday is busy with figures from merger candidates Tessenderlo and Picanol. At the end of June, the two companies already increased their outlook.
On Thursday, Bannimo and MDxHealth are also planned and on Friday, Balta, Recticel, VGP and KBC Ancora will follow with figures.