(CercleFinance.com) – European stock markets remain close to their balances (stability in London, +0.1% in Frankfurt and Paris), awaiting the consumer price index (CPI) of the States -United, to be published very early this afternoon.
These figures, which will be published at 2:30 p.m. by the Department of Labor, should greatly influence market expectations regarding the evolution of the Federal Reserve’s monetary policy.
‘A slowdown will be good news for the Fed which will have more free hands to choose the appropriate moment to lower rates,’ according to Christopher Dembik, investment strategy advisor at Pictet AM.
As an indication, Jefferies anticipates a slight increase in the annual inflation rate in raw data, to 3.2% in December after 3.1% the previous month, but a slowdown in inflation in core data (excluding food and energy ), at 3.8% against 4%.
While waiting for this meeting, Tesco is losing less than 1% in London, despite an increase by the distribution group in its annual objectives during an activity update for its third financial quarter and the Christmas period.
Barry Callebaut fell by more than 3% in Zurich, in the wake of a downgrade of recommendation at UBS directly from ‘buy’ to ‘sell’, the broker saying it was worried about tensions on the global chocolate market.
Copyright (c) 2024 CercleFinance.com. All rights reserved.