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Next week, CNBC teams came back on the road – and it’s all about banks and ECB. From Frankfurt to Milan and Paris to London, the financial resources are the focus.
Bank bells
The markets seem to be engaged in the financial sector to maintain a positive profit in this quarter. Citi described the first quarter as “extremely elastic” and analysts expect what they are now waiting Stoxx 600 Growth for a promotion profit to turn a positive year a year in this quarter.
Most of this optimism is focused on large banks, while other sectors such as luxury, toss, and energy were suffered from revenue.
Primit Wednesday knock out things. The Italian Banking Giant will try to keep investors focused on numbers, not on its ambition M&A. As long as its moves Commerzbank Saxo Bank analysts have noted that it increases its capital to 20% Bank BPMAfter the Italian court blocked the move, until further conditions were fulfilled. This year, the shares increased by 50%, providing pleasure in CEO Andrea Orsel when he fights to support his plans for expansion.
French financial BNP Paribas “The largest EURO’s asset lender,” reports on Thursday’s income.
In the last quarter, the bank took off in the past expectations caused by the performance at its investment bank, but revised the target purpose of the profitability just below.
The same day attention to Frankfurt for Deutsche Bank’s Last set of numbers. The German lender has entered its best profit over the 14 years in the past quarter, taking advantage of the increase in trading around the volatility of the market. In June, CEO Christian Sew said CNBC that he saw the opportunity to invest more in his defense sector as a key sphere.
Game of waiting
For macro-observers, the main place of the week in Europe will come from the European Central Bank. President Kristin Lagard and her politicians are expected to support 2% on Thursday. But there is a big catch …
According to Reuters, US President Donald Trump is not expected to disrupt the result of this meeting, citing five sources of the ECB Council. But if Trump goes forward with 30% of EU import tariffs, there is a broad assumption that ECB will reduce rates in return.
Investors will have before September 11 to evaluate the impact because the ECB is violated on the summer after the meeting this week.
The situation with inflation
In terms of basic economic conditions, Deutsche Bank warns that the European risks of inflation are “still underestimated, with excellent self -fans on key assets” and the tariff impact before the full viewing.
The Bank’s McSgian strategist also told CNBC’s Squawk Box Europe that the tariff period on 1 August for negotiations between the US and the EU creates the basis for a non -valuable result to cause a “very sharp reaction in the market”.
