Numbering season is approaching again
Sunday January 9 2022 2:42 pm
Investors are having a rather busy week, with earnings season in the US finally beginning.
Next week, Chief Investment Officer Thomas Meijer of Insinger Gilissen will focus on inflation developments in the United States and China.
The US CPI of 6.8 percent in November is expected to exceed December [met een stijging] to 7.1 percent. China’s inflation rate is expected to decline from the already low level of 2.3 percent in November to 1.7 percent in December. This means that the Chinese economy, resulting from the policy of the Chinese central bank, appears to be moving in the opposite direction of many other major economies.”
Before that, however, eurozone unemployment figures will be presented on Monday. On Friday, the US jobs report turned out to be a major setback. 199,000 jobs were added in December. Economists had expected more than double that. The unemployment rate fell to 3.9 percent.
On Tuesday, domestic inflation figures will be released. On Wednesday, inflation data from China and the US, as well as weekly oil inventories in the US, will be followed the next day by producer prices. There will also be an update on industrial production in the Eurozone on Wednesday.
On Thursday there will be a Chinese trade balance and weekly aid requests will be on the agenda in the US.
Friday will be very busy with, among other things, French inflation, industrial production in the UK and the US and consumer confidence in America.
Earnings season also begins with caution. In our country, an update from Fastned is scheduled for Tuesday, and Just Eat Takeaway will follow on Wednesday.
Friday is a busy day in the US with quarterly numbers from a number of major banks, including Citi and JPMorgan.
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