Market: Moderate gains ahead of US inflation

( – The European stock markets are posting moderate gains (+0.5% in London and Paris, +0.3% in Frankfurt), thus showing relative confidence as the publication approaches, at the start of the afternoon, inflation figures (CPI index) in the United States.

‘The US consumer price figures will be carefully studied, after several US central bank officials have dampened hopes of an imminent end to the monetary tightening cycle,’ warns Kiplink.

‘Volatility is therefore likely to increase by a notch by 2:30 p.m., while any temporary increase in risk aversion linked to disappointing figures on the inflation front would be an opportunity to reweight on equities’, adds the management company.

In the meantime, on the old continent, we can note that GDP increased by 0.1% in the euro zone in the fourth quarter of 2022 compared to the previous quarter, according to Eurostat which therefore confirms in second reading its first estimate of the end of January.

Other data from the morning, France’s unemployment rate as defined by the ILO fell by 0.1 point in the fourth quarter, to 7.2% of the active population, ‘its lowest level since the first quarter of 2008 , if we except the first confinement ‘, according to INSEE.

On the values ​​front, thyssenkrupp fell 9% in Frankfurt, in the wake of a net profit down 29% in its first quarter, the conglomerate highlighting ‘price trends and the fall in margins of the services of resulting materials.

TUI gains more than 1% in London, after the tourism group announced a reduction by almost half of its underlying EBIT loss for the first three months of its 2022-23 financial year, thanks to a good level of demand.

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