(CercleFinance.com) – The New York Stock Exchange should open slightly higher on Thursday morning, as investors regain a taste for risky assets as inflationary pressures continue to decline.
Half an hour before the opening, the futures contracts on the main New York indices advance from 0.2% to 0.5%, announcing a start to the session in positive territory.
Fears linked to a continuation of the Fed’s monetary policy tightening are increasingly evaporating with the publication of statistics showing that the process of disinflation is indeed continuing in the United States.
Wednesday, the session had started in the green following the announcement of a new slowdown in the consumer price index, but the trend had quickly run out of steam due to their still very gradual ebb.
The battery of statistics published Thursday before the opening of the markets did not cause, at first sight, any strong reactions on the markets.
However, producer prices contracted by 0.5% in March, an additional sign of the easing of inflationary pressures.
At the same time, the labor market is easing a little, which suggests an upcoming moderation in wages, the source of the recent rise in inflation.
Registrations for unemployment benefits in the United States have indeed increased by 11,000 last week to settle at 239,000 against 228,000 the previous week.
Faced with its reassuring indicators, which reinforce the scenario of a ‘soft landing’ for growth, the dollar is accentuating its decline against the euro, which is now rising well beyond the psychological threshold of 1.10.
At the same time, on the bond market, the yield on 10-year US government bonds returned to 3.38%, almost the lowest since the beginning of the month.
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