In the upcoming trade fair week, a number of major companies will announce their numbers, but the numbers season is slowly coming to an end. Additionally, investors are looking for economic growth numbers from Germany and the United States.
The highlight of the Amsterdam fair is chip supplier ASM International and data company Wolters Kluwer. In addition, GrandVision optics is opening its books, which may reveal some news about the progress of the acquisition by EssilorLuxottica. Companies such as distributor, B&S, industrial service provider, Aalberts, metal specialist AMG, and IMCD chemical distributor have also reached conclusions.
The numbers calendar is still quite full internationally, for example with the hotel reservation site and the InterContinental Hotel Chain, known as the Holiday Inn hotel chain and Crown Plaza. Brewery AB InBev, sports brand Puma, computer maker Dell, and chip company Nvidia offer a peek at the books. Telecom company Deutsche Telekom and chemical company BASF do the same.
Press Conference
Last week, stock markets stabilized, after a strong advance in the previous weeks. The AEX index in Amsterdam closed at 678.48 on Friday. That’s still only 3 percent lower than the record of 701.54 points from 2000.
The stock market rally also hinges on a potential corona easing. Prime Minister Rutte will hold another press conference in the Netherlands on Tuesday, but the prime minister already announced in the House of Representatives last week that he saw little room to relax. If they come, it seems like they are first getting there in education.
Economic growth
Investors will also pay attention to the latest figures on economic growth in major economies such as Germany and the United States. Consumer confidence figures also come from Germany. In the Netherlands, Statistics Netherlands (CBS) provides an image of a store’s January turnover during closing.
Last Friday, MidKap ended 1 percent higher at 996.76 points. London, Frankfurt and Paris also rose. In New York, the Dow Jones Index closed almost unchanged at 31,494.32 points. The broad-based S&P 500 index fell 0.2 percent to 3906.71 points, and the technology Nasdaq index fell 0.4 percent to 13,580.78 points.
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