May 28, 2024

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Earnings season is coming to an end and the US debt crisis is top of mind

Earnings season is coming to an end and the US debt crisis is top of mind

(ABM FN-Dow Jones) Investors can prepare for the last vestige of corporate results next week, and then the focus will gradually return to the macroeconomic agenda. The debt problem in America will continue to occupy the mind.

Monday promises to be a relatively quiet day and more attention will be paid to figures on consumer confidence, prices of existing owner-occupied homes and total investments in the Netherlands. Consumer confidence in the Eurozone is also on the agenda.

Tuesday is the time for temporary purchasing manager codes. In the US, statistics on the number of new homes sold in April will also follow.

On Wednesday we will find out more about business confidence in Germany and France. In the UK, inflation figures are on the agenda and the chairman of the BoE is expected to comment on recent developments and the interest rate policy to be pursued. In the US, the number of new mortgage applications and weekly oil inventories are released. The Federal Reserve’s latest minutes are also on the roll.

We will get more clarity on the final economic growth in the first quarter in Germany on Thursday. German consumer confidence data is published, as is consumer confidence in France. In the US, the focus will be on second estimates of economic growth in the first quarter. Weekly unemployment claims are also on the agenda, as are upcoming home sales and the Chicago Fed index.

UK retail sales will continue through the weekend. In the US, the focus will be on per capita income and PCE inflation data. The latter is an important indicator for the central bank. We’re closing in on consumer confidence data in Michigan.

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One last bit of business statistics

Earnings season is coming to an end. There are only a few more names on the agenda. In the Netherlands, it will be with Albert’s update on Wednesday and Lucas Boles will publish annual figures on Thursday. Euronext is quoted ex-dividend on Tuesday.

In Belgium, Xior, CFE and EVS will be available ex-dividend on Monday and Unifiedpost will open the books. Ackermans, VGP and D’Ieteren also go ex-dividend this week, and annual meetings are planned for Mitra, MDxHealth, What’s Cooking and D’Ieteren. More stats from Asensio on Thursday.

Internationally, next week, the focus will be on results by zoom in the US on Monday, among others. Macy’s, Nvidia and Snowflake on Wednesday and Best Buy on Thursday. Particular attention will be paid to Nvidia, whose stock has already doubled this year, riding on the latest AI hype.

Source: ABM Financial News

Followers from Beursplein 5 ABC Financial News Developments in stock markets and particularly the Amsterdam Stock Exchange, closely. The information contained in this column does not constitute professional investment advice or a recommendation to make specific investments.