2024-09-22 10:00:19
The Pope visiting Belgium, Bart De Wever visiting the King and the indexation of your salaries will be on the agenda this week.
Bart De Wever at the King’s
Federal trainer Bart De Wever is expected Monday at the King’s to take stock of the progress in the negotiations for the formation of a federal government. De Wever is not expected to say much to the King, since it is common knowledge that an agreement has been reached between the chairmen of the Arizona parties stipulating that Negotiations will not resume until after the local elections on October 13. Many negotiators are indeed campaigning.
The Pope arrives in Belgium
From Thursday September 26 to Sunday September 29, The Pope will visit our countryPreparations have been underway for months and numerous security services are on deck. According to the programme drawn up by the Vatican, the Pope will celebrate a mass at the King Baudouin Stadium, for which 40,000 tickets have already been sold. He will also meet with around fifteen victims of sexual abuse committed by members of the ecclesiastical community.
How much will your salaries be indexed on January 1, 2025?
The answer will be given on Friday.while the Belgian inflation figures will be published. Based on this figure, specialists will be able to calculate the salary indexation percentage for next year. Current estimates are around 4%.
Colruyt AGM expected at the turning point
Wednesday 25 September, Colruyt
will hold a general meeting of shareholders. Traditionally, the retailer also presents a concrete profit forecast for the 2024/2025 financial year. The current (more vague) estimate assumes a status quo for the operating and net results for the 2023/2024 financial year. Colruyt benefited last year from the strike movements at Delhaize. This year, competition from Delhaize risks being stronger: many stores came under the management of independents and opened their doors on Sundays.
Ageas Investor Day in London
Monday, Ageas
will present in London a new strategic plan for 2025-2027during an investor day. The insurer will set new long-term objectives there in terms of cash flow and dividends“We are thinking of a free cash flow target of EUR 2.2 to 2.4 billion for the period 2025-2027,” says brokerage house Kepler. Kepler also sees annual dividend growth of 8-10% and an annual share buyback of at least €150 million. M&A plans will also be worth watching. Last week, Ageas was mentioned as a candidate for the acquisition of British insurer Esure.
To be continued on the markets
The Fed’s preferred inflation gauge, PCE, is due next Friday. The Swedish central bank and the Swiss National Bank are expected to cut interest rates.
The economic calendar will also be loaded with other important events for the financial markets, starting with The Eurozone Composite Purchasing Managers’ Index (PMI) for September on Monday, as well as the one in the United States on the same day. These two indicators will provide the latest insight into the state of the global economy, as the scenario of a recession recedes following the Fed’s interest rate cut last Wednesday.
Check out the rest of the highlights from next week’s economic calendar here.
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