Market: Green dominates in Europe, but London on the sidelines

( – The main European markets are trending favorably this Wednesday (+0.3% in Frankfurt, +0.9% in Paris), excluding London which is marking time despite the announcement of a deceleration in British inflation.

The UK consumer price index rose 10.1% in the 12 months to January, a slowing annual rate from the 10.5% seen the previous month.

‘This rate of 10.1% marks a continued decline from October’s high of 11.1%, but still represents a level well above what markets and the Bank of England are comfortable with’ , we react at ADSS.

Other data published in the morning, the euro zone saw its trade deficit widen in December 2022 compared to the previous month, to reach 18.1 billion euros, while its industrial production fell by 1.1%.

Operators will finally pay attention to a whole salvo of American statistics during the afternoon, with in particular the Empire State activity index and retail sales, then industrial production for the month of January.

In the news of values, they acclaim the annual results of the food distributor Ahold Delhaize (+6%) and salute those of the brewer Heineken (+2%) in Amsterdam, but remain unmoved by those of the giant of raw materials Glencore in London.

Above all, Barclays fell by nearly 9% in London, investors sanctioning quarterly results that were worse than expected by the banking group, as well as forecasts and share buybacks deemed disappointing by analysts.

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