Market researcher Markit will publish preliminary estimates this week about activity in the industry and services sector in Germany, France, the eurozone and the United States in May. Economic activity has been hit hard by the coronavirus outbreak and mitigation measures.
In addition, new data is reported on German investors ‘and analysts’ confidence in the economy, and interest in weekly benefit claims in the US will once again be highlighted. The US central bank umbrella, the Federal Reserve, is publishing the minutes of the late April interest rate meeting. Investors will study the minutes for guidance on future policy. Fed Chairman Jerome Powell recently warned of lasting economic damage from the corona crisis.
Furthermore, the market continues to monitor the trade tensions between China and the US. They threaten to rise again due to a new intervention by the United States Department of Commerce against Huawei. The Americans want to make it more difficult for foreign chip makers to supply semiconductors to the Chinese technology giant, which has long been the subject of political conflicts between Washington and Beijing. China announced that it would retaliate against that step.
In terms of operating results, the biggest crowds are over. In Amsterdam this week there are still publications on the role of cable and telecom group Altice Europe, investor HAL, healthcare real estate investor Aedifica and distributor and wholesale company B&S Group.
Quarterly results from abroad are also reported by the American supermarket giant Walmart, the British retailer Marks & Spencer and the British fashion brand Burberry.
The AEX index on Beursplein 5 ended 0.3 percent in the plus on 500.31 points. London, Paris and Frankfurt advanced by 1.2 percent. Pluses of up to 0.8 percent were seen on Wall Street.
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