European inflation will be very interesting next week

Europese inflatie komende week interessant

(ABM FN-Dow Jones) In the coming week, investors will mainly pay attention to inflation numbers from Europe, PMIs and a handful of business numbers.

On Monday, we start the week with Chinese Industrial Production. Japanese production is scheduled for Wednesday.

Some growth numbers will be released on the second day of the week. Not least for the entire Eurozone, but also for the Netherlands and Japan. The entire monetary union and the Netherlands will also publish the trade balance on Tuesday.

Wednesday is dominated by European and British inflation. After a sharp rise in inflation, by at least 4.2 per cent, in April in the US, investors are curious about the situation in Europe next week.

If inflation rises sharply on our continent, fears of monetary tightening will gain in strength. Long-term interest rates in America actually rose last week, before easing slightly. And the German 10-year interest rate is rising, approaching zero.

Incidentally, the minutes of the Fed’s last policy meeting will also be released on the same day. However, these were taken at a meeting to announce the extremely high rate of inflation.

We also get a look at future inflation on Wednesday based on UK producer prices. After all, if firms pass higher purchase prices, we can expect consumer prices to rise. Germany will release producer prices on Thursday.

Also important on Thursday are weekly support requests in America, as well as leading indices from the country.

Friday is a busy macroeconomic day. Perhaps the most important is the composite PMI series from Japan, the United Kingdom, several European countries, the euro area as a whole, and the United States.

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The purchase data is likely to reflect the reopening of economies on the one hand, but also to reflect the supply problems faced by factories.

Moreover, the Japanese Trade Balance will be scheduled for Friday, as will consumer confidence in the Netherlands, Belgium and the entire Eurozone.

Business figures

The quarterly earnings season is nearly over in the Netherlands. This week there are mainly annual meetings on the agenda.

Euronext will be transferred without dividend on Monday and ASR Nederland on Friday.

ASMI will hold a shareholder meeting on Monday and DPA, Shell and Signify will follow on Tuesday.

On Wednesday, HAL will open the books and there will be annual meetings of ASR, Avantium, Brill, Corbion and Pharming. NN Group shareholders will meet on Thursday.

Ryanair will open the books abroad on Monday. On Tuesday, there are results from Home Depot, Macy’s, and Walmart.

The goal will follow on Wednesday. On Thursday we’ll be taking a look at the Tencent, EasyJet, and Applied Materials numbers. Deere closes the week on Friday.

ABM Financial News; [email protected]; Revised text: +31 (0) 20 26 28999.

From Beursplein 5, the editors of ABM Financial News follow closely the developments on the exchanges, and the Amsterdam Stock Exchange in particular. The information in this column is not intended as professional investment advice or as a recommendation to make specific investments.

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