One of the largest companies that will release reports in Europe this week is Commerzbank.

Germany’s second largest listed lender has previously announced Shelve its dividend In the next two years, after being hit hard by the economic impact of the pandemic, it has been actively cutting costs in order to restore profitability.

The new chief executive, Manfred Knof, warned in January that the bank would lay off a third of its workforce in its domestic market, with a view to cutting its cost base by a fifth by 2024. The plan involves closing nearly half of its branches in Germany.

In Asia, Alibaba, an e-commerce group founded by billionaire Jack Ma, and three major automakers (including the world’s largest automakers) will report.

Chinese group Alibaba The results follow the recent Fined $2.8 billion Suspected of abusing a dominant market position when Beijing strengthened its scrutiny of the technology sector.

Regulators said that Alibaba used its “market position, platform rules and data, and algorithmic methods” to formulate rewards and punishments for its “choose two” policy.

Although this penalty marks the end of the government’s antitrust review of Alibaba, Jack Ma’s other interests Keep the pressure.

Japanese car manufacturer Toyota cars, Has shrugged recently Global chip shortage Cars that have been plagued by the auto industry have joined domestic competitors Nissan with Honda In this week’s report.

Last year, Toyota replaced Germany’s Volkswagen as the world’s largest automaker. In the last three months of 2020, Toyota’s sales and profit margins surpassed its competitors.

The momentum for the rebound came from strong rebounds in all important markets, including China and the United States. In February of this year, the group also raised its full-year profit forecast by 54%.

Nissan Motor Co. and Honda Motor Co. reported similar increases in annual profit indicators due to aggressive cost-cutting measures that eased sales declines due to chip shortages.

The two automakers also stated that they do not expect the chip shortage to have a significant impact on the new fiscal year beginning in April.

Honda said that because the lock-in measures forced online marketing activities, its spending on marketing and travel decreased, thereby offsetting the impact of the Covid-19 slowdown and chip shortage.

In the UK, investors will focus on the performance of the UK’s largest investment platform and one of the largest supermarket chains.

The number of new users flocking to online transactions during the lock-up period is expected to increase Hargreaves LansdowneProfit at the time of the report.

The team reported in February Profit jumped in the first half of the yearThis is due to a large number of young customers who want to invest for the first time.

Hargreaves said that in the six months ending in December, its pre-tax profit increased by one-tenth from the same period last year, reaching 188 million pounds. Assets under management increased by 15% to £121 billion, and the group’s interim dividend increased by 6% to 11.9 pence.

Simultaneously, Morrison Although the cost of the pandemic has halved profits for the 12 months to January 2021, he expects profitability to recover this year.

Most observers believe that Morrisons responded very well to the crisis, rapidly expanding its online scale, and introducing items such as fixed-price food delivery boxes and for customers who are struggling with e-commerce. Measures to provide door-to-door service.

CEO David Potts has previously stated that the future of such services depends on consumer demand. The key question is: Will customers continue to shop online after the economy recovers?

Key report

on Monday

Air Products; Duke Energy; Marriott International; Simon Real Estate Group; Tyson Foods; Panasonic

on Tuesday

Electronic Arts; Occidental Petroleum; Swiss Life Morrison E.ON; Nissan

on Wednesday

Alliance; Bayer Toyota Motor; SoftBank*; ABN Amro; Aegean Compass Group; Commerzbank Hornet

Thursday

Alibaba Brookfield Asset Management; Walt Disney Intel; Airbnb; BT; Suzuki Burberry

Friday

Sumitomo Mitsui Finance; Mizuho Finance; International Semiconductor Manufacturing; Foxconn Honda Motor; Toshiba Hargreaves Lansdowne

Economic indicators and the central bank

On Wednesday, the US Department of Labor’s April Core Consumer Price Index will provide evidence on whether price pressures may pose a growing threat to economic recovery.

The core CPI in March remained relatively moderate, excluding food and energy prices that fluctuated significantly, which increased by 1.6% year-on-year. But economists surveyed by Bloomberg predict that this number will rise to 2.3% in April, which will be the highest level since the US coronavirus pandemic.

Bond investors who are wary of inflation have withdrawn from US government bonds this year, bringing the 10-year yield in March to as high as 1.75%.

Since then, the yield has fallen back to less than 1.57%.Monotonous America Number of positions Friday may further curb inflationary tensions. However, rising consumer prices remain high on the list of concerns, especially if they come together powerful enough to test the Fed’s determination to stimulate the economy.

With the smooth implementation of the Covid-19 vaccination program and loose restrictions, the UK economy has rebounded from the pandemic-induced decline at the beginning of the year-but for investors, the question is how fast.

Britain’s economic growth data for March will provide clues on Wednesday about how fast the country’s economy has rebounded from the pandemic-induced recession.

Economists surveyed by Bloomberg predict that economic growth will increase from a weak 0.4% in February to 1.3% per month, partly due to the promotion of the education sector after the reopening of schools. However, the quarterly data is expected to fall by 1.6%.

Last week, the Bank of England Upgraded Its forecast for economic growth in 2021 has brought its expected economic recovery to its pre-pandemic peak to the last quarter of this year.

Any further growth recovery may prompt investors to cancel the pricing of the Bank of England’s bond purchase program early, or even raise interest rates (the market expects two interest rate hikes by the end of 2024), which will boost the pound and hit gold prices.

When it is released on Tuesday, the April China Consumer Price Index will also be the focus of attention. Economists surveyed by Bloomberg predict that this number will increase by 1% year-on-year. At the same time, the producer price data on the same day is expected to increase by 6.5% over the same period, which is the fastest growth rate since 2017.

Producer prices, which measure factory attendance rates, have been pushed up, partly because of rising oil costs and rising oil prices. A range of other products.Producer price in January rose This is the first time since the outbreak of the coronavirus crisis. In March, they soared by 4.4%.

Key data and events

on Monday

France, French Banking Industry Prosperity Index (Apr)

on Tuesday

China, CPI (April)

China, PPI (April)

on Wednesday

UK, GDP (first quarter, rapid growth)

India, CPI (April)

United States, CPI (April)

United States, CPI, food and energy deductions (April)

Romania, rate determination

Thursday

United States, the number of initial jobless claims (May 8, week, 000s)

Peru; Philippines; Chile; Mexico, the rate is determined

Friday

United States, retail sales growth (April)

United States, industrial production (April)

Uruguay, rate determination

*Changes have been made so that SoftBank clearly reports the results on Wednesday instead of Tuesday (as described in the earlier version of the story).