New York is also in sharp decline with -0.8% on the S&P500 and -1.4% on the Nasdaq.
The summer ‘rally’ of the stock markets therefore marks a pause, even though many strategists were beginning to warn against the ‘overvalued’ side of equities.
As the earnings season draws to a close, investors are focusing on economic statistics, often mixed data that is helping to dampen market momentum.
Thus, this morning, investors were able to take note of a rise in the consumer price index (CPI) of the United Kingdom. This increased by 10.1% during the 12-month period ending in July 2022, an annual inflation rate therefore significantly up from the 9.4% observed in June.
The National Statistics Office (ONS), which publishes these data, specifies that the increase in food prices represented the largest contribution to the increase in the variation of the annual inflation rate of the CPI between June and July 2022. .
In another statistic released today, seasonally adjusted GDP grew by 0.6% in the euro area in the second quarter of 2022, similar to the EU compared to the previous quarter, according to the flash estimate released by Eurostat. .
The Statistical Office of the European Union has therefore revised slightly down its preliminary flash estimate published at the end of July for the euro zone, since it had then announced growth of 0.7%.
In annual comparison, GDP rose by 3.9% in the euro zone (revised from 4% at first reading) and by 4% in the EU in the second quarter of 2022, after +5.4% and +5 .5% respectively in the previous quarter.
Still statistically, retail sales in the United States stagnated in July, after rising 0.8% the previous month (revised from an increase of 1% initially estimated), according to the Commerce Department. , while they were expected to rise very slightly by economists.
Excluding the automotive sector (vehicles and equipment), US retail sales nevertheless rose 0.4% last month compared to June, when the market consensus was anticipating a more moderate increase.
In securities news, Technip Energies, in consortium with Subsea 7 and Samkang M&T, indicates that it has been chosen by Corio Generation and TotalEnergies to carry out a detailed preliminary engineering study (FEED) for the wind farm project. offshore Ulsan Gray Whale 3, in South Korea.
Sanofi announces that it is ending the worldwide clinical development program for amcenestrant, an experimental selective estrogen receptor dregulator (SERD) by the oral route.
The biotechnology company Abivax announces a transition within the chairmanship of its board of directors, its founder Philippe Pouletty having decided to resign from his position as chairman, effective immediately, to devote himself henceforth to other projects.
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