(CercleFinance.com) – Confidence predominates in European markets (+0.3% in London, +0.5% in Paris, +0.1% in Frankfurt), on the eve of the publication of the PCE index in the United States, which could ease or reinforce concerns about the resurgence of inflation.
‘During the last Fed meeting, the surprise once again came from the President of the Fed himself, more accommodating than recent inflation data in the United States could suggest,’ recalls Alexandre Baradez.
‘For the moment, the markets prefer to give credence to the words of the president of the Fed, hoping that the next inflation data will prove him right,’ continues this head of market analysis at IG France.
While waiting for this meeting, this Thursday session should see the publication of a final estimate of growth in the United States for the last quarter of 2023, then the definitive confidence index from the University of Michigan for the month of March.
On this side of the Atlantic, we note that the British economy contracted by 0.3% in the fourth quarter of 2023, confirming the situation of ‘technical recession’ in which the United Kingdom found itself. in the second semester.
On the value front, Holcim gained 1% in Zurich, helped by comments from Oddo BHF which raised its opinion on the title of the construction materials group from ‘neutral’ to ‘outperform’ with a price target raised from 73 at 95 Swiss francs.
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