At 8.3% over one year in April, the American consumer price index, published on Wednesday, proved to be higher than expected, clearly slowing the forward march of the Parisian market. What about theproducer price index ? The indicator will be released Thursday at 2:30 p.m. For several months, it has shown some signs of leveling off, a little above 10% over one year, even though the producer price index for intermediate goods is closer to 20%. Economists forming the Bloomberg consensus expect an increase of 0.5% over one year in April, against 1.4% in March, and 0.6% in core (excluding food and energy) vs. 1% in March.
In addition to inflation, operators will closely monitor the evolution of new jobless claims for the week ended April 30 in the United States (consensus: 190,000). Closer to home, three indicators relating to the month of March are expected in the United Kingdom: the industrial productionthe trade balance and the GDP. Accelerating inflation and persistent supply difficulties have weighed on British growth, which is expected to be flat in March, after stalling at 0.1% in February. Over the first quarter as a whole, it is expected to be 1% sequentially. For the future, the forecasts are not very optimistic. For the National Institute of Economic and Social Research (NIESR), the United Kingdom is on the verge of entering a technical recession in the second half of the year and risks seeing its standard of living strongly affected by the surge in prices. In Germany, an informal meeting of NATO and G7 foreign ministers will take place.
Two Cac 40 values on deck
On the values front, Bouygues and Veolia Environment, at the Cac 40, will deliver their results for the first quarter. Concerning the conglomerate, it is on Equans that attention will be focused and on the first measures undertaken to bring up the profitability of the new services division. On the side of Veolia, it is the first publication integrating Suez. Investors will be sensitive to the annual objectives, which are an increase of 4% to 6% in the gross operating surplus (Ebitda) of the new entity.
Among the other companies to present their turnover or results, we find Chargers, CNP Assurances, colas, Erytech Pharma, Eutelsat Communications, Micropole, Pharmagest Interactive, Rothschild and Touax.