Lots of inflation numbers in a quieter week

The first week of November was a positive one for Damrak, with a weekly gain of over 1% and a new all-time high of over 820 points.

In the second trading week of the month, the focus will be on global inflation data, as the earnings season slowly draws to a close. Monday is another calm trading day for investors, with an empty macro agenda.

A German trade balance is expected on Tuesday, the UK will release import and export data on Thursday.

Separately, and on Tuesday, the German ZEW index is forecast for economic sentiment, as is the confidence of US businesses in small and medium-sized businesses.

US producer prices will also follow on Tuesday. Chinese consumer and producer prices are the order of the day for Wednesday.

Inflation figures from Germany and the United States are also due for Wednesday. France will post its evolution of consumer prices online on Friday.

Inflation data is important for the policy of central bankers. Last week, the US Federal Reserve announced that it would begin to gradually reduce its debt buyback program. The European Central Bank announced a week earlier that it was not yet that far. The Bank of England surprised last week by unexpectedly maintaining its policy.

“The Federal Reserve expects a sharp drop in inflation in the second and third quarters of next year, but we are cautious as labor shortages, production disruptions and chain issues supply could persist until 2022 and in a high growth environment, inflation will therefore remain high for longer, ”ING economists said.“ It would not be a surprise if the Fed ended its QE faster and we continue to anticipate two rate hikes in the second half of next year, ”said ING.

Next week we will also find out about industrial production in several countries. The Netherlands, France and Belgium will give an overview of production on Wednesday, the UK will do so on Thursday and the entire euro zone on Friday.

Additionally, there are weekly requests for American aid on Wednesday, a day earlier than usual due to Veterans Day in the United States on Thursday, although the exchange will remain open at that time.

Another UK growth figure will follow on Thursday and the monthly OPEC oil cartel report will be released. US consumer confidence will follow on Friday, as will US vacancy figures.

Company Calendar

The earnings season is past its peak, but a number of companies will open their books in Amsterdam next week. On Monday, it’s the turn of PostNL, OCI and B&S Group.

IMCD and Hunter Douglas will follow on Tuesday. Euronext will hold its investor day on Tuesday, where it will unveil its strategic plans for the coming years.

On Wednesday Aedifica, ABN AMRO and Ahold Delhaize will present figures and on Thursday the spotlight will be on the results of ArcelorMittal, SBM Offshore, Aegon and Alfen. Shell will cite ex-dividend on the same day and Fastned will hold an extraordinary general meeting.

The week will end on Friday with results from Aperam, Vopak and Boskalis, while Ajax will hold their annual meeting.

Abroad, there are figures from AMC Entertainment and PayPal on Monday. Tuesday, BioNTech and DoorDash will open the books.

On Wednesday there will be Beyond Meat and Disney results. Thursday we will focus on Delivery Hero and Siemens. On Friday we close the week with AstraZeneca.

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Overview