Economic and financial news will be rich this Wednesday. The attention will be on the other side of the Atlantic, at 2:30 p.m.: inflation in April over one year is estimated at 3.6%, against 2.6% in March year-on-year. ” The monthly price increase slowed in avril [attendue à 0,2% sur un mois contre 0,6% en mars] but, year-on-year, the inflation rate is expected to gain around one point to 3.6% […]. It’s the aftermath of the shock of April 2020 », Details the weekly report of the analysis firm Oddo BHF. The latter specifies that a peak of around 4% is expected in May. As for inflation core, that is to say excluding food and energy, the consensus is for a price increase of 2.3% in April over one year. Later in the afternoon, we will learn about the Department of Energy’s weekly oil stocks. At 8 p.m., President Joe Biden will receive parliamentary officials from the two major parties to discuss his plan to spend 4.1 trillion dollars in infrastructure and social assistance.
Closer to home, the European Commission’s economic forecasts will be unveiled in the morning. Industrial production for March is expected to have advanced 0.9%, after declining the previous month. ” What is currently slowing the upturn in supply is not the uncertainties about demand (the books are full) but the shortage of certain intermediate goods. », Evaluates Oddo BHF. Inflation in Germany and France is expected to have increased by 2.1% and 1.7% respectively in April year-on-year.
Other statistics will also be expected in the United Kingdom. Real GDP is said to have contracted by 1.6% over the first three months compared to the last quarter of 2020. Industrial production growth in March is expected to be around 1%.
EDF in the spotlight this Wednesday
Nothing to report this Wednesday on the side of the Cac 40. We will nonetheless watch for the publication of the quarterly turnover of EDF (Next 20), as well as CGG, CNP Assurances, Genfit, Inventiva, Maisons du Monde, Micropole and SII, which had double-digit growth in several countries in the third quarter. Internationally, the market will be attentive to ABN Amro, Allianz, Applied Materials, Bayer, Commerzbank, Deutsche Telekom, Dialog Semiconductor, Merck KGaA and Toyota Motor.
–
A.S.A.
