The next week will be lacking in macro data and the focus will continue to focus on central banks. For the companies, on the other hand, the meeting season opens which, even if the state of emergency is officially over, practically all of them have been convened still behind closed doors, with the vote sent digitally and participation through the common representative of the shareholders.
In particular, the markets will be driven by indications from central banks: the minutes of the latest Fed (Wednesday) and ECB (Thursday) meetings are expected. The US minutes will be of particular interest as, according to Governor Powell’s statements at the postmeeting press conference, they should contain more details on the budget cut plan likely to be announced at the May meeting.
On the macro front, the most important data will be the US services SM in March (Tuesday) to assess the health of the sector that has a greater weight on the US economy. In the Eurozone, on the other hand, data on German orders (Wednesday) and industrial production (Thursday) are expected, which however refer to the period of February, ie before the war in Ukraine.
On the monetary front, we will have Australian (Tuesday), Polish (Wednesday) and Indian (Thursday) central bank meetings, with the second expectation to continue the rate hike process.
They are called to vote for the approval of the financial statements Inwit, Revo (Wednesday), Banca Mediolanum, Banco Bpm and Tim (Thursday), Maire Tecnimont and Unicredit (Friday).
Source: Ansa
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