which can not be lost in the economy and markets this week – The Economic Journal


Productive activity in the Euro Zone

The PMI for the month of April in the Euro Zone is released on Monday. The index is relevant in that it demonstrates how the industrial production and services sectors evolve, signaling short-term economic trends. In March, PMI stood at 51.3 points. If the April PMI falls below 50, it means that we may be facing a contraction in production activity.

Brussels updates economic projections

The European Commission, the executive body of the European Union (EU), led by Jean-Claude Juncker, announces this Tuesday the update of economic projections for the Euro Zone. In the winter forecast, Brussels estimated that the economy of the 19 Euro countries would grow by 1.3% in 2019 and 1.6% in 2020.

Treasury issues up to 1,250 million euros

The Public Debt Management Agency (IGCP) is holding a double auction of 10-year and 15-year Treasury Bonds on Wednesday to raise up to 1,250 million euros. In the last 10-year auction, Portugal returned to financing at its lowest ever rate at this maturity. The Treasury issued 600 million euros, with an allocation rate of 1.143%, with demand surpassing supply by 2.28 times. In the last auction to 15 years, 295 million were placed in OT, with a rate of 2.045%, with demand outpacing supply by 2.29 times.

Business results

The week continues with the companies, national and international, to present results related to the last quarter of activity. On Tuesday, Santander Totta bank reported results for the first quarter of the year.

In PSI 20, NOS, Corticeira Amorim and EDP Renováveis ​​announce results for the first quarter of the year, on Wednesday. The company owned 80% by EDP and led by Manso Neto will pay dividends for 2018, delivering 61.1 million euros to shareholders. The results of the first quarter of the year on the Navigator paper, such as Millennium bcp, are presented on Thursday. Already on Friday, it is the turn of F.Ramada to present the quarterly results.

On the other side of the Atlantic, Disney presents the results for the second quarter of the year, after announcing Disney Plus, the streaming service that will compete in the market with Netflix, Hulu or HBO.

On Thursday, Cellnex, the leading wireless telecommunications infrastructure operator in Europe, is in the tender to acquire Meo fiber, as the Economic News reported.

US and China: another round of negotiations

US-China trade talks will continue on Wednesday with a Chinese delegation to Washington, after Sunday, US President Donald Trump announced a 10% increase to 25% rates on some Chinese products. "A convincingly more constructive trade policy – through Twitter or through more conventional means – between Washington and Beijing is crucial, particularly for the export-oriented manufacturing sector, in order to end the phase of weakness," notes Ann. -Katrin Petersen, vice president of Global Economics & Strategy of Allianz Global Investors. This is when, on Thursday, the US balance of payments will be released for the month of April.

The IPO of the year

It is one of the most anticipated IPO of the year and is in the race to steal from Facebook the title of "greatest debut in the US technology market," according to the Financial Times. Uber is due to debut this Friday on the stock exchange and expects to raise up to 10 billion dollars (approximately 8.9 billion euros). Although the transport company's latest assessment points to $ 76 billion, analysts estimate it will add up to about $ 100 billion.



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