Just Eat Takeaway, the parent company of Thuisbezorgd.nl, lost a large part of its stock market value in 2022. Investors were disappointed by the failed takeover of US industry peer Grubhub, on which the Dutch-British company had to cancel billion. The company will announce its quarterly and annual data on Wednesday. Watch for when CEO Jitse Groen expects to turn a profit and any updates on finding a buyer for Grubhub.
United States
On Wall Street last Friday, major banks such as Citi, Bank of America and JPMorgan released their results. While they had to set aside additional cash due to the expected recession, investors have rewarded their trading upgrades with price gains. Tuesday will be the turn of Goldman Sachs and Morgan Stanley.
Netflix is also getting a lot of attention from American companies. After two quarters of declining subscriber numbers, the streaming service saw new growth in the third quarter. The question is whether this trend has continued into the last three months of 2022 and how cheaper subscriptions fare with ad breaks.
China
In the first weeks of 2023, there is definitely some optimism on the trading floors again. Thanks to falling energy prices in Europe, fears of a profit-consuming cost crisis have eased somewhat. Investors are also hoping to benefit from the reopening of China’s economy after severe lockdowns.
The Chinese government is also to announce on Tuesday how strong the country’s economy will grow in 2022. This is expected to be the lowest growth rate in decades for the world’s second-largest economy as Beijing’s zero-covid policy for major disruptions caused.
Federal reserve
Meanwhile, investors are hoping for more clues that could give insight into the interest rate decision the Federal Reserve will make in late January. Attention will also be paid on Wednesday to the report on the state of the economy which the association of US central banks publishes eight times a year, the so-called Beige Book.
In terms of interest rates, eyes are also on the Japanese central bank, which is coming to a new decision. At the end of last year, central bank governor Haruhiko Kuroda caused a panic in stock markets by giving more room for higher interest rates on government bonds.