Confidence will be the watchword of the stock market session this Tuesday. First of all in the United States, where we will learn about theconsumer confidence index June, released by the Conference Board at 4 p.m. Expected at 119 points, according to the Bloomberg consensus, against 117.2 points in May, it ” remains well below its pre-pandemic level. Labor market conditions have not yet returned to normal », Specifies Oddo BHF in his note at the beginning of the week.
Before that, we will have heard of the S&P Case-Shiller index of real estate prices across the Atlantic: they are expected to rise by 14.9% in April in the twenty main cities of the country over one year. This Tuesday, the only company to reveal figures will be American. General Mills will deliver its fourth quarter results.
The Brussels Economic Forum on the program
On the Old Continent, market operators will be attentive, at 11 a.m., to confidence indices in industry and services in June in the euro zone. The first is expected at 12 points (11.5 points in May) and the second at 14.3 points (11.3 points in May), according to Bloomberg. The business climate should rebound, too, under June to 116.1 points (+1.6 points over one month). France will have reported, before the opening of the markets, its unemployment rate in the first quarter as well as consumer confidence. ” Despite fears of unemployment, the reopening of the economy, now almost complete, should translate into improved consumer confidence », Says Oddo BHF.
In the rest of the news, the Brussels Economic Forum will be held this Tuesday, in the presence of the President of the European Central Bank Christine Lagarde and German Chancellor Angela Merkel. Finally, Germany will announce its inflation in June. Consumer prices, in preliminary data, are expected to grow 2.1% year-on-year, down slightly from last month (2.4%).
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