Ottobock Set for €4.2B Stock Market Debut Amid US Shutdown
In Europe, investors await key economic data releases, while in the US, markets remain resilient despite the ongoing government shutdown. Meanwhile, a major player in the healthcare sector is set to make its stock market debut.
In Germany, industry data for August is expected to show strong orders but weaker production. Meanwhile, the Swiss State Secretariat for Economic Affairs Seco will publish labor market data and consumer confidence index figures this week.
In the US, the government shutdown, the first in almost seven years, is likely to delay the release of important economic indicators such as the employment report. Investors are closely watching weekly initial claims for unemployment benefits. The shutdown, now in its uncertain third week, could potentially reduce the GDP by 0.1 to 0.2 percentage points per week.
Ottobock, the world's largest prosthetics manufacturer, is set to list on the Frankfurt Stock Exchange. The company aims for a market capitalization of up to 4.2 billion euros. Despite the US government shutdown, the US stock markets, including the Dow Jones Industrial Average (DJIA), continue their record run, with the latter jumping above 47,000 points for the first time.
This week, investors will focus on economic data releases in Europe and the US, with the US government shutdown's impact on the economy a key concern. Ottobock's stock market debut is also a significant event in the healthcare sector.
