(CercleFinance.com) – The New York Stock Exchange should move up on Thursday at the start of the session, confirming the renewed appetite for risk in recent sessions despite rather lackluster statistics.
Half an hour before the opening, the ‘futures’ contracts on the major New York indices advance from 0.2% to 0.6%, announcing a rather favorable opening.
The two economic indicators revealed in the morning, however, seem unlikely to encourage investors to relaunch their purchases after the good deals made in recent days.
The GDP of the United States thus fell by 1.5% over the first three months of the year, according to a second estimate made by the Department of Commerce, which had announced a contraction of 1.4% in first reading there. one month old.
On the inflation side, the PCE price index came out up 7%, against an increase of 6.4% the previous quarter. Excluding food and energy prices, the PCE index posted a gain of 5.1%.
Another indicator monitored by the markets, weekly jobless claims fell again last week to 210,000 during the week, down 8,000 from the previous week.
The last sessions had been characterized by a great volatility of the exchanges, often at the origin of violent gaps between the opening and the closing.
Market players are trying to find the right positioning in the face of the current slowdown in growth and the aggressive monetary tightening carried out by central banks in the face of soaring inflation.
After the unsurprising message delivered yesterday in the ‘minutes’ of the Fed, investors could once again be tempted to make a few cheap buybacks on stocks cut to pieces over the past few months.
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