Very American session, eyes are also focused on LVMH and STMicro

Very American session, eyes are also focused on LVMH and STMicro

Posted January 25, 2023, 3:55 PM

On the economic level, we will only talk about the United States this Thursday, the agenda being empty in Europe while the Chinese markets are still closed for Lunar New Year celebrations. It should be noted, however, that the Hong Kong Stock Exchange is reopening its doors, which had been closed since Friday.

Almost all statistics (5 out of 6 days), moreover, are concentrated at the same time, 2:30 pm: Chicago Federal Reserve National Activity Index of December, trade deficit of December, the growth of National GDP in the fourth quarter, general calculation and durable goods orders of December, weekly claims without work. At 4 o’clock in the morning, we will focus new home salesalways for December.

To put growth in perspective

Among the most watched figures, the new estimate of the National GDP, whose growth is expected to be 2.7%, after +3.2% in the previous quarter, and its share of household consumption (+2.8%). ” Employment and consumption, despite their recent decline, are still strong, but early signs are increasing, puts Oddo BHF in perspective. Business climate indices have fallen sharply in recent months in the manufacturing and service sectors, signaling the risk of cuts. The real estate industry is already down significantly for the year. The outlook for 2023 is dire. »

Durable goods orders should have increased by 2.5% (-0.2% excluding transport) after their fall of 2.1% in November (+0.1%). Jobless claims may return above the 200,000 to 205,000 mark, after hitting 190,000 the previous week.

LVMH and STMicro on track

On the business side, LVMH publishes its annual results after trading. Sales of the world’s number one luxury brand are expected to be around 79 billion euros with a net profit of 15 billion. The outlook in China will be one to watch. Another appointment of the session, STMicroelectronics expects, since the end of the third quarter, on the 2022 sales of 16.1 billion dollars and for a total amount of 47.3%. Among other announcements on the program in France, Elior, getlink, JCDecaux, Mersen, Sartorius Stedim Biotech, Manitou, Lanson BCC, Maurel and Prom, Cegedim, LDLC group, Samse Group, Orapi, Aegis, That’s right, Gensight Biology and Girod signs.

Several leading international conferences. Dow, Intel and CocktailsDow Jones components, present their accounts for the fourth quarter, such as MasterCard. In Europe, we will focus Diageo, nokia, SAP and Volvo.