Watch this Friday on the stock market for the final figures for August inflation in the euro zone and the US consumer confidence index for September according to the University of Michigan.
We end the week with some new economic statistics | Photo credit: Reuters
Passed the price test in the United States, whether for consumption or production, investors will not be finished with inflation. It will be in the euro zone this time, with the tally for the month of August. However, these will be final figures, which greatly limits the potential impact of the statistics on the stock market. It was 9.1% over one year in preliminary published data and 4.3% excluding volatile elements (food and energy).
A single appointment on the American program, at 4 p.m. The index of American consumer confidence, as calculated by the University of Michigan, is expected at 60 points in September flash data, an improvement of 1.8 points over one month. ” The drop in prices at the pump has continued uninterrupted since mid-June (drawing on strategic reserves, drop in crude oil prices). This is enough to revive household confidence a little for the third month in a row “, analyzed the cabinet Oddo BHF at the beginning of the week.
Inflation expectation
The market will be watching the inflation expectations component in particular. It was partly on reading this indicator that the Fed decided to opt for a 75 basis point rate hike in June, Jerome Powell having declared during his post-FOMC press conference following its publication that she was ” particularly impressive, and we have noticed “. The consensus is counting on a level of 4.6% inflation expectation at 1 year, over one year, after 4.8% in August.
Before the opening of the European markets, we will have taken note of the retail sales and some industrial production August in China.
On the business side, CIS publishes its half-year accounts.