December 5, 2022

Taylor Daily Press

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Stocks week with corporate results and US jobs report

Stocks week with corporate results and US jobs report

Investors on the Amsterdam stock exchange are again following the company’s results this week, including brewer Heineken, specialty chemicals company DSM, food delivery company Just Eat Takeaway and financial group ING. Also, the US government’s key jobs report will be released on Friday.

Heineken will open books about the past on Monday at Beursplein 5. DSM, fertilizer manufacturer OCI and automation company Ordina will follow suit on Tuesday. Just Eat Takeaway is scheduled for Wednesday, in association with Dove Egberts parent company JTE Beat and information supplier Wolters Kluwer. Biotechnologists Galapagos and Farming, pharmacy supplier Facron, offshore oil services provider SBM Offshore and chemical distributor IMCD will also attend on Thursday.

From abroad, it concerns the quarterly results of, among others, taxi service Uber, oil company BP, postal and parcel delivery company Deutsche Post DHL, car manufacturers BMW and Ferrari, container carrier Maersk, airline group Lufthansa, computer game maker Nintendo, banks. HSBC and Commerzbank, excavator manufacturer Caterpillar, hotel chain Marriott, insurers Alliance and AXA, fashion brand Hugo Boss and producer of meat alternatives Beyond Meat.

The US government jobs report will be closely watched as those numbers play a key role in the Federal Reserve’s interest rate policy. The central bank raises interest rates against high inflation. Amid a sharply cooling labor market, the U.S. Federal Reserve may slow the pace of interest rate hikes.

But there will also be plenty of macroeconomic data, including industrial activity in Europe and the US and German retail sales and factory orders. The Bank of England’s interest rate decision is also on the agenda. The Bank of England is expected to raise interest rates further on Thursday to counter high inflation.

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The Amsterdam AEX index closed up 1 percent at 729.44 points on Friday. Stock markets in Paris, Frankfurt and London rose as much as 1.7 percent. On Wall Street, key indicators showed gains of up to 1.9 percent. Oil prices also rose sharply on Friday.