(CercleFinance.com) – European stock markets are posting limited gains (+0.1% in London and Paris, +0.3% in Frankfurt) as the publication approaches, at the start of the afternoon, of latest inflation figures in the United States which tend to discourage risk-taking.
Investors know that the nature of these numbers will determine the direction of US markets in the coming sessions, with higher-than-expected numbers likely to prompt the Federal Reserve to accelerate or even amplify its rate hikes.
While waiting for this meeting, it should be noted that the annual inflation rate in Germany fell by 0.1 point compared to June to settle at +7.5% in July, according to Destatis which confirms therefore its preliminary estimate at the end of July.
‘The main reason for the high inflation is still the rise in energy prices’, explains the federal statistics office, noting that measures of the aid plan have nevertheless had a slight downward effect on the overall inflation rate since June.
As for values, Aviva soars 8% in London after the publication of the insurer’s half-year results, accompanied by a sharp rise in its interim dividend and the announcement of a new buyback program. shares to be determined at the end of the financial year.
Alcon, on the other hand, fell by 7% in Zurich, the laboratory specializing in ophthalmology having certainly unveiled quarterly results on Tuesday evening that exceeded expectations, but revised downwards some of its annual objectives.
Among the other quarterly publications of the session, operators hail Ahold Delhaize (+8%) and ABN Amro (+3%) in Amsterdam, also hail ageas (+2%) in Brussels and TUI (+1%) in London, but leave out E.ON (stable) in Frankfurt.
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