We positively assess the current situation and immediate prospects of the market of risky assets. Today, support for the stock market may have on the income statement «Philips».
Today we maintain bullish position on the risky assets in general, but expect that trade will be relatively quiet due to small number statistics. Europe opens in positive territory about 0,5%, after which we intend to use any kickbacks for purchases.
Company «Philips» can show better financial results than expected, and also beat projections for revenue. The result affects the reduction of costs, but revenues are still declining at a rate -19% y / y.
This week will be rich in terms of publication of corporate reports and macroeconomic statistics, but the start will be slow. Currently not scheduled any noteworthy releases (in the afternoon will speak Kruger (FRS)).
Saxo Bank
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