The first session of the week should start with a positive sign for Piazza Affari and the European stock exchanges, which, however, should recover only part of the ground lost on Friday after the monthly data on employment in the United States, which have rekindled fears of an acceleration of the policy monetary policy of the Federal Reserve.
Traders now estimate the possibility of a 50 basis point hike in March at a third. In this regard, we will look at the monthly data on consumer prices in the United States, due out on Thursday, which should also fuel the debate on the extent and pace of monetary tightening to come.
Like the previous one, the opening week will also be marked by the publication of company results in the United States and Europe. And investors will continue to monitor geopolitical news as discussions around Ukraine continue.
On the macro front, no indications are expected today, with only the publication of the Sentix index on investor confidence in February. Meanwhile, the PMI services index drawn up by Caixin and Markit arrived from China, which in January slowed to 51.4 points, from the previous 53.1 points. The figure, worse than expected – given that analysts had forecast a value of 52.9 points – confirmed the weakest phase of expansion in the last five months. In Germany, industrial production recorded a decline of 0.3% in December compared to the previous month, disappointing the expectations of analysts who expected a 0.4% increase. In November, German production had grown by 0.3%.
Finally, among the titles of Piazza Affari, an important appointment with the board of Mps. The approval of the 2021 results is on the agenda of the Monte board, but the greatest wait is for any decisions on governance.