(CercleFinance.com) – A positive bias prevails on European markets (+0.2% in London, +0.3% in Frankfurt, stability in Paris), the continuation of the end-of-year rally on Wall Street the day before tending to reassure investors on the old continent.
‘The warnings from several members of the Fed did not prevent the Nasdaq 100 from setting a new record yesterday,’ points out Kiplink, in a context of persistent optimism on the trajectory of the Federal Reserve’s rates.
‘The data to be published this week could help investors refine their bets on the first rate cut: swap markets are currently betting on two cuts of 25 basis points by June 2024,’ adds the company. management.
On this side of the Atlantic, we note that the annual inflation rate in the euro zone stood at 2.4% in November 2023, compared to 2.9% in October, according to Eurostat which therefore confirms its quick estimate from the end of last month.
In stock news, Equinor fell by more than 1% in Oslo, penalized by a lowering of recommendation from RBC, the Canadian bank having downgraded its advice from ‘outperformance’ to ‘performance in line’.
Legrand lost more than 1% in Paris, under the weight of a downgrade of recommendation at UBS directly from ‘buy’ to ‘sell’, while Assa Abloy gained 1% in Stockholm against the backdrop of an increase to ‘buy’ at the same broker.
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