Investors face a week of poor macroeconomic benchmarks
The European stock markets are maintaining, albeit in a more moderate manner, the good tone of last week, in which the major indices managed to overcome a strong resistance. The Ibex-35 is taking some air on its comeback, limiting its gains to 0.3% on Monday, to 8,154 points.
Halfway through the session, Grifols (+3.42%), Naturgy (+3.3%), Enagás (+2.08%), Red Eléctrica (+1.91%), Endesa (+1.58%) and Telefónica (+1.34%) at the head of the increases. On the contrary, Arcelormittal (-1.94%), Cellnex (-1.8%), Amadeus (-1.16%), Acciona Energía (-1.07%) and ACS (-0) stood out in the negative field 0.69%).
Investors are also closely monitoring the evolution of oil prices and after last week’s strong gains, a barrel of Brent (a reference in Europe) fell to $95.41, while in the US West Texas it was around $88.27. lay.
Analysts expect the movements to be a bit more pronounced in the coming days once more key benchmarks become known, such as the US producer price index (PPI), as well as some regional indices that measure manufacturing activity.
All this in a context where the earnings season is all but coming to an end. But watch out. This week releases the accounts of key retail companies, a key sector of the US economy, where consumption weighs heavily over GDP.
Companies like Home Depot, Lowe’s, Walmart, Target and Macy’s will report to a market that, beyond the numbers, will be particularly attentive to what the executives of these companies say about the upcoming holiday shopping campaign, with a large portion of the stakes at stake. its annual results.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
