Market: Awaiting the PCE price index


(CercleFinance.com) – The European stock markets appear hesitant (+0.1% in London, stability in Paris and Frankfurt) in this last session before the confectioners’ truce, a session which will be marked by a battery of macroeconomic data in the States -United.

Operators must in fact take note, this afternoon, of household income and expenditure, orders for durable goods and sales of new homes for November, as well as the ‘UMich’ consumer confidence index.

Above all, they will be attentive to the ‘PCE’ price index, a measure revealed at the same time as household spending and usually closely monitored by the Federal Reserve with a view to its monetary policy.

In the meantime, on this side of the Atlantic, the United Kingdom’s GDP finally fell by 0.1% in the third quarter of 2023 sequentially, according to the second estimate from the ONS which reported ‘a stagnation at the very first reading.

In stock news, adidas fell by 6% in Frankfurt, the day after the publication of the quarterly results of its American peer Nike, a publication accompanied by the announcement of restructuring measures.

In Paris, Nexity takes the lead in the SBF120 by jumping almost 10%, hailed for the real estate group’s entry into exclusive negotiations with a view to the sale of its personal services activities to Bridgepoint.

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