Financial markets are looking forward to the books of large companies such as Danone, Walmart and Kraft Heinz. Various purchasing managers’ indexes, confidence figures and inflation figures also come from Germany and Italy, among others. On Wall Street, the trading week is actually a day shorter. On Monday, the stock exchanges in New York will be closed due to President’s Day.
In the big files, including the brexit, time is starting to get through. The British government of Prime Minister Theresa May still strives to leave the European Union on March 29, but there is still no agreement with Brussels. The US and China are trying to close a trade deal before 1 March. On that day, a ‘ceasefire’ of 90 days is being imposed by the two countries.
In the US it is now very uneasy because Donald Trump has declared a state of emergency. With this measure, the American president hopes to get enough money to build a wall on the border with Mexico.
Investors are once again waiting for a busy figure week. At the Damrak, among others, the builders BAM and Heijmans and biotechnologist Galapagos give a glimpse into the books. Much attention is also paid to Air France-KLM. Trade negotiations also take place between the United States and China.
Air France-KLM comes out on Wednesday with annual results. But the eyes are mainly focused on clarifying the position of KLM boss Pieter Elbers. Lately, there seemed to be a power struggle going on and Elbers might not be reappointed. According to the French newspaper La Tribune, the Dutch has now agreed to a compromise with the top of the parent company in France. That would enable him to stay on. The aviation concern itself did not want to respond.
Wednesday and Thursday are the main focus of the week. In addition to the companies already mentioned, investors can look forward to figures from the AEX funds RELX and Wolters Kluwer. The latter information provider also comes with an update of its strategy. Furthermore, results from chip companies Besi and ASMI are on the program.
Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by email@example.com.