Saturday, May 21

Slight rises in Europe before the Federal Reserve meeting


FINANCIAL MARKETS

Financial markets expect London’s FTSE to open 22 points lower at 7,472, Frankfurt’s DAX to open 61 points lower at 15,543, and Paris CAC to open 30 points lower at 7,039.

Asian stock markets fell as investors braced for the Federal Reserve meeting, which is expected to confirm it will soon begin to drain the huge lake of liquidity that has fueled stock growth in recent years.

Oil prices rose on concerns about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make a tight supply market even tighter, as OPEC and its allies continued to struggling to increase production.

MACROECONOMIC DATA

The week begins with the publication of the composite PMI data, manufacturing and services, from the euro zone and from countries such as Germany, France and the United Kingdom, in addition to the United States, already in the afternoon. Still in Europe, in Germany the monthly report of the Bundesbank will be known.

BUSINESS

The Luxembourg fund Stoneshield buys 18.5% of Neinor (Reuters)

The president of Globalia and Air Europa responds forcefully to Nadia Calviño’s statements a week before the end of the extension of the agreement with IAG: “My company is not going to be shared” (El Confidencial)

Renault, Nissan and Mitsubishi plan to triple their investment to jointly develop electric vehicles (Reuters)

Vodafone and Iliad negotiate an agreement in Italy to combine their businesses (Reuters)

ECONOMY AND POLITICS

The US State Department announced Sunday that it has ordered relatives of its diplomats to leave Ukraine, as US President Joe Biden weighed options for bolstering US military assets in Eastern Europe to counter the Russian troop buildup (Reuters)

Japanese factory activity grew at the fastest pace in four years in January on the back of rising output, though pressure from persistent microchip shortages, rising input prices and the coronavirus pandemic dampened the outlook ( Reuters)

The Italian Parliament will begin voting to choose a new head of state, with Prime Minister Mario Draghi among the most prominent candidates in a very open race that will be closely watched by financial markets (Reuters)



www.estrategiasdeinversion.com