Ibersol reacts to PSI and 4 other things you need to know to start the day – Markets

Ibersol reacts to PSI and 4 other things you need to know to start your day

The market will react this Thursday to Ibersol’s return to the PSI after being relegated a year ago. Already in the US, Joe Biden will present the US budget proposal for 2024.

Investors react to Ibersol’s return to PSI

Ibersol must react to the news of its return to the PSI, the main index of the Lisbon stock exchange. The company, responsible for managing fast food restaurant chains such as Pizza Hut, KFC or Taco Bell, left the PSI a year ago, but the annual review of the index determined that it will return on March 20.

Joe Biden presents US budget proposal for 2024

The president of the United States will present the proposed US budget for 2024, revealing the country’s priorities for the coming year.

US unemployment claims

As usual, the US Department of Labor releases its weekly data on new jobless claims this Thursday.

Statistics on the cost of building new homes

The National Institute for Statistics will this Thursday reveal the new house building cost index for January. In December, these costs rose 11.5% year-on-year, with material prices and labor costs rising 15.3% and 6.1%, respectively.

Credit Suisse publishes first annual report after restructuring

Credit Suisse will publish its annual report this Thursday, the first since it embarked on a deep restructuring to stem a months-long crisis. A month ago, the Swiss bank said it posted a loss of 1.4 billion Swiss francs in the final quarter of 2022, the biggest negative result since the 2008 financial crisis and the fifth consecutive decline. In addition, investors will also look at the results and outlook for Deutsche Post and Hugo Boss.

Here will be the recommendation

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