‘Investors follow the transfer of power in the United States’

The new stock exchange week is expected to focus mainly on the transfer of power in the United States and the further developments around the coronavirus. In addition, the number season in which large companies announce their results is slowly getting back on track. And the European Central Bank (ECB) will present its first interest rate decision of the year on Thursday.

Joe Biden is officially inaugurated as the new president of the United States on Wednesday. According to American media, he will then issue dozens of so-called executive orders (presidential orders) with which he wants to reverse a number of political decisions by his predecessor Donald Trump. Last week, Biden presented a $1.9 trillion economic support package to help the US through the coronapandemic and the harsh economic conditions in which it is experiencing.

On the figures front, the well-known American business bank Goldman Sachs gives a look at the books this week. At the end of last week, it was already the turn of JPMorgan Chase. He managed to increase his profits considerably, because money was released that had previously been set aside because of the coronacrisis. According to the financial group, all the support from governments and central banks and the launch of vaccination programmes required a little less money to deal with any credit losses.

IBM

Its mostly American companies that come up with a figure update. Similarly, the results of streaming service Netflix are on the agenda, as are those of tech groups IBM and Intel. At the Damrak it is a lot calmer. Chipmachinefmanufacturer ASML tells us how things went over the past few months. Furthermore, at the end of the week figures are expected from optics company GrandVision, known from the chains Pearle and Eye Wish, and bedseller Beter Bed. Investors will also be able to examine a series of new macroeconomic figures from various parts of the world in the coming days.

The ECB is unlikely to tinker with interest rates. But it is not unthinkable that the central bank is still making changes to its bond buy-back programme. In the last interest rate decision, this programme was also extended. At that time, the ECB considered it necessary to further support the euro area economy in connection with the new lockdowns announced in many European countries.