The markets will be watching this week for a new round of macroeconomic indicators and business results, the Bank of England meeting and any news in the fight against the coronavirus and in the processes of lack of precision.
After the negative data on economic growth and employment in the first quarter in Europe and the US, the focus will now be on the indicators for April.
According to Singular Bank, the focus in Europe will be on the Bank of England meeting, scheduled for Thursday, at which no further interest rate cuts are expected; and in the final data of the purchasing managers indexes (PMI) for April in the eurozone.
In the US, this week highlights the April employment report, which will be released on Friday. In the past six weeks, 30 million people have applied for unemployment benefit in that country.
In the business sphere, Telefónica, Repsol, Endesa, Siemens Gamesa, ArcelorMittal, IAG, Ferrovial, Acciona and Mapfre, among other companies, will present results in the coming days.
In the rest of Europe, companies such as Enel, Total, BNP Paribas, Société Générale, UniCredit, BMW or Ferrari will make their accounts public.
Finally, in the US, companies such as General Motors, Disney or Paypal will present results.
Investors will also be watching developments in oil prices after the recovery in recent days.
“We have to be very aware of how crude prices behave because the problem remains the same: there is excess supply and a very significant drop in demand worldwide due to confinement,” says Sara Carbonell, CMC Markets .