(CercleFinance.com) – The European stock markets are starting off with a bang (+ 1.8% in London, + 2.3% in Frankfurt, + 2.2% in Paris) a week which will be marked by the bankers’ symposium central and by numerous indicators of economic conditions.
As every year around this time, the Jackson Hole Symposium, organized by the Kansas City Fed, will be held this week. But this year, sanitary measures oblige, this event will take place in the form of video-conferences’, notes Aurel BGC.
‘Nevertheless, the intervention of Jerome Powell on Thursday is eagerly awaited, investors hoping that he will give the first conclusions of the strategic review of American central bankers,’ continues the research office.
No data is expected on Monday, but the following days will notably see the business climate indices from Info in Germany and INSEE in France, then the economic sentiment indices from the European Commission.
In the United States, sales of new homes, durable goods orders, household income and expenditure are expected for July, as well as a new estimate of GDP in the second quarter.
Among the company publications scheduled for this week are, for example, those of Bouygues, WPP or Rolls-Royce in Europe, as well as those of HP Inc, Best Buy and Tiffany across the Atlantic.
For now, Bunzl takes 3% in London, after the publication by the distribution and outsourcing group of results for the first six months of 2020 reflecting ‘resilience to the challenges posed by the Covid-19 pandemic’ .
Pearson earns nearly 1% as educational and educational publisher announces upcoming arrival of Andy Bird, one of its board members since May, as chief executive .
Metro remains stable in Frankfurt after announcing that Olaf Koch will step down as chief executive at the end of this year after eight years at the helm of the distribution group, according to a statement released on Sunday.
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