Economy on 17.04.2023...
New quarterly season starts. Earning Recession?⤵️
Now it starts again with the quarterly figures. Last week, as usual, the first banks made the beginning and now comes the flood of companies behind. In the first week there are already exciting and big battleships. Among others: Netflix, AT&T, Johnson & Johnson, P&G, Tesla, IBM and many, many more!
The question will be whether they started the first quarter in 2023 better than the close in 2022. Will we now get the 2nd quarter (or partly already more) with the declining numbers (earning recession) or does it look better again? I am very curious and position myself accordingly. Let's see above all what the market makes of it and how much is already priced in. One reckons in the meantime that in May the last interest rate hike of 25 basis points could take place and it could then be slowed down again or even run in the opposite direction. Of course, many companies that have suffered as a result of rising interest rates could then benefit from this. If you look at the last few weeks, but there is already very much eingepreist and you should be careful that you do not reach too late and then it all comes differently. It remains exciting...
Let's look at the first trading day of the week:
(Political prominence today at the Hanover Fair)
Economic data
08:00
- DE: BDI President Russwurm at Hanover Fair
- DE: Average prices for electricity and natural gas 2. Hj 2022
08:30
- DE: VDMA President Heusgen, Pk at Hannover Messe
09:00
- DE: ZVEI President Kegel , Pk at Hannover Messe
10:50
- DE: German Chancellor Scholz, Indonesian President Widodo, statement after opening tour at Hannover Messe
11:00
- DE: Association of German Banks, PK on occasion of board meeting
14:30
- US: Empire State Manufacturing Index April
15:30
- DE: ECB Governing Council member Nagel, Monetary Policy Dialogue with Finance Committee of the Bundestag
16:00
- US: NAHB Index April
17:00
- US: ECB President Lagarde, speech at the Council for Foreign Relations
18:00
- US: Fed Richmond President Barkin (2023 non-voting FOMC member), speech at Richmond Association for Business Economics
Without time
- DE: German Chancellor Scholz, Indonesian President Widodo, opening of the German-Indonesian Business Summit, Hanover
- EU: European Parliament, session including vote on Fit for 55 with the items emissions trading (EU ETS), CO2 border adjustment (CBAM and climate social fund
- JP: Continuation of G7 Foreign Ministers Meeting (until 18.4), Karuizawa
Quarterly figures / corporate dates USA / Asia
No time stated: State Street quarterly figures
Quarterly figures / Company dates Europe
07:00 Fraport Traffic Figures March
07:00 Sulzer Q1 Order Intake
07:30 Faurecia Q1 sales
17:15 Siemens AG, PK at Hanover Fair
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