The Paris Bourse was about to open slightly lower on Thursday, after having welcomed the figures the day before in line with expectations on US inflation at the highest for 40 years.
The futures contract of the flagship CAC 40 index was down 0.28% forty minutes before the opening of the session. The Parisian place ended up 0.75% Wednesday and 0.95% Tuesday.
Like the European markets, the New York Stock Exchange ended in the green on Wednesday, but more moderately.
Investors reacted rather well to the release of US inflation, which was in line with consensus. Many feared that inflation would be higher, recalls Christopher Dembik, director of strategy and macroeconomics at Saxo Bank.
In the United States, consumer prices climbed 7% over the year 2021, registering their largest increase since June 1982. In December alone, inflation slowed compared to November, 0.5% against 0.8%.
What alert the future vice-president of the American Federal Reserve (Fed) Lael Brainard, who should say Thursday that inflation is too high, during his hearing before the SNAT banking commission, according to his text published on Wednesday.
The Fed’s communication has changed a lot in recent months about inflation, which was deemed transitory before it was seen as longer lasting and stronger.
The US central bank, which has started to reduce its monetary support, is expected to start its key rate hike from March, in a rather solid economic environment.
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However, it will have to be careful not to slow down the economy, so as not to jeopardize the recovery of the labor market, where wage pressures are starting to appear quite clearly.
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