The next eighth second BNL
Next week will open shareholding, according to the research department of BNL, once again in the sign of uncertainty. The period of profit warnings that opens in front of investors fact suggests caution. The Dow Jones could take profits in record 10900/11000 area while the test of the 2,000 points the Nasdaq seems increasingly likely. Awaiting the Fed meeting scheduled for 20 March, the retail sales data (Tuesday) and stocks (Wednesday) will pivot elements in the direction of the market, although the strategies of the remaining marked by short-term trading. The feeling is that doubts about the ability of U.S. companies to generate conditions of economy may already now also extend to the projections on the results of the second quarter, leaving only limited space recoveries in prices. The next OPEC meeting expected to be broadly neutral for the stock, despite the likely cut production (expected 500,000 barrels). In Japan, the approaching fiscal year (31 March) sees the Nikkei still in difficulties. Spaces for a recovery in prices, which are crucial for the enhancement of the portfolios of Japanese banks, seems limited. A Piazza Affari attention will focus on financial information out to many companies during the week. The spotlight, there will be banking, insurance, and the oil sector could be once again a good choice defensive.
