Wall Street: Towards a hesitant start to the session


(CercleFinance.com) – Futures on equity indices (stable on the S&P500 and up 0.2% on the Nasdaq-100) presage an opening on a hesitant note on Wall Street, against the backdrop of a new indicator illustrating strong inflationary pressures.

Household consumption spending rose 0.2% in February from the previous month in the United States, where Jefferies expected a 0.4% increase, while their income rose 0.5%, in accordance to the forecast of the broker.

Above all, it should be noted that the annualized rate of increase in the PCE price index – a measure closely monitored by the Fed – increased by 0.4 points to +6.4% in total data, and by 0.2 point at +5.4% excluding energy and food.

In other data released today, weekly jobless claims rose by 15,000 last week in the United States to 202,000, but their four-week moving average fell from 3,500 to 208,500.

In the news of values, the pharmacy chain Walgreens Boots Alliance publishes for its second quarter 2021-22 an adjusted EPS up 26.5% at constant exchange rates, helped in particular by vaccinations and Covid-19 tests.

Boeing announces that it has received an order from Dublin-based aircraft lessor ASL Aviation Holdings for up to 20 Boeing Converted Freighters (BCF) 737-800 aircraft, including 10 firm orders and 10 purchase options .

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