PARIS (Reuters) – European markets decline at the opening on Friday, after the publication of American inflation on Thursday which revives concerns about the trajectory of the Federal Reserve’s monetary policy, and after mediocre Chinese data.
In Paris, the CAC 40 fell 0.17% to 7,092.41 points around 07:27 GMT. In Frankfurt, the Dax lost 0.3%, compared to 0.13% for the FTSE in London.
The pan-European FTSEurofirst 300 index lost 0.13%, the EuroStoxx 50 0.19% and the Stoxx 600 0.17%.
Futures on New York indices suggest a hesitant opening on Wall Street, with the Dow Jones rising 0.16%, compared to 0.13% for the Standard & Poor’s 500 and a stable Nasdaq.
Inflation in the United States published on Thursday surprised slightly on the rise, showing an increase of 3.7% over one year against 3.6% expected.
The resistance of housing costs worries investors, while this expenditure item, usually sensitive to rate increases, has been mentioned by the Fed as a potential inflation risk.
This surprise complicates the November decision for the central bank, which is also starting to worry about the impact of its rate increases on the American economy, but the markets remain confident that rates will remain stable by the end of the year.
Furthermore, inflation data in China, published on Friday, showed sluggish price dynamics, raising concerns about the strength of demand in the world’s second-largest economy.
In terms of values, Sartorius is down 11.56% after having revised downwards its turnover and revenue margin forecasts for the year.
(Written by Corentin Chappron, edited by Blandine Hénault)
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