(ABM FN-Dow Jones) After a particularly busy week full of company results, the coming week does not seem to be much calmer.
The price reaction to all those figures sometimes differed enormously. For example, Adyen lost approximately 16 percent on a weekly basis and IMCD lost more than 6 percent after figures. ASMI actually gained a good 19 percent and heavyweight Unilever also received a lot of support from investors with a price gain of 8.5 percent on a weekly basis.
In the US the picture was not very different. This is how Tesla shot up, just like Alphabet. Heavyweight Microsoft also did good business last week. On the other hand, Meta was quite disappointing and Intel and IBM also suffered after opening the books.
But on balance, the company figures have not been too bad so far and that should make investors hopeful for the coming week, in which another large series of company figures are on the menu. On Monday it will be up to Philips in the Netherlands to open the books and Recticel will publish the figures in Brussels. In the US, the Dutch NXP is on the agenda after the close.
Arcadis, Air France-KLM and Van Lanschot Kempen are on the agenda on Tuesday. In South Korea, Samsung will present the figures and in Europe the books will be opened by Adidas, Covestro, Volkswagen and Lufthansa. In the US, 3M, Coca-Cola, Eli Lilly and McDonald’s are on the agenda. Afterwards, attention will be demanded by the figures from Amazon and Super Micro Computer.
On Wednesday, May 1, the stock exchanges in Europe are closed due to Labor Day, but Wolters Kluwer still opens its books. In America, the stock exchanges are open as usual and the operating results of, among others, Kraft Heinz, Mastercard, Pfizer, Yum Brands and after-hours are published by DoorDash.
It will be very busy in Amsterdam on Thursday and the books will be opened by ArcelorMittal, BAM, DSM-Firmenich, ForFarmers, ING, Shell and after the close by Universal Music Group and Galapagos. In addition to Galapagos, attention will also be paid to the figures of Aedifica and GBL in Belgium. HelloFresh and Worldline open the books in Europe. In the US, ConocoPhillips and DuPont report, but after-hours attention will be demanded by Apple’s figures.
On Friday we end with Aperam and Brunel and open the books in Brussels with Bpost and Ontex. In Europe, the figures from Crédit Agricole, among others, are expected.
There is also plenty to do on the macro-economic front next week. For example, we will start on Monday in the Netherlands with figures on producer confidence and we will learn more about inflation in Germany. In France, economic growth figures and inflation are on the agenda and consumer confidence in Europe is announced.
On Tuesday we will start the purchasing managers index for industry and services in China. In the Netherlands, producer prices are announced. In Germany we learn more about retail sales, unemployment and economic growth. European economic growth is also on the agenda. In the US, figures are published on labor costs, Case Shiller house prices, purchasing managers’ index for Chicago and consumer confidence.
Although the stock exchanges in China and Europe are closed on May 1, the figures of the purchasing managers for the industry are announced in China and Japan. In the Netherlands, retail turnover is presented, as well as purchasing managers for the UK industry. In the US we can sit down for a moment as figures are released for weekly mortgage applications, weekly oil inventories, the ADP jobs report, the manufacturing purchasing managers index, vacancies and construction spending. But the “main event” is scheduled for the evening hours, with the Federal Reserve’s interest rate decision. Although an interest rate cut is not taken into account at all, the words of chairman Jerome Powell will still be weighed.
The Chinese stock markets are closed on Thursday and it is time for the figures from the purchasing managers of the industry in many European countries. In the US it is time for the weekly aid applications, the state of the trade balance and factory orders.
The Chinese stock markets are also closed on Friday. Then we get to know more about the purchasing managers for services in the UK. We end the week in style with the important US job figures and the figures from purchasing managers for the services sector.
Source: ABM Financial News
ABM Financial News is a supplier of stock market news, video and data, both for real-time trading platforms and dealing rooms and for online and offline media publications. The information in this article is not intended as professional investment advice or as a recommendation to make certain investments.
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