EU Stock Markets Plan Ahead, Effect of Falling US Inflation Fades

The latest from Radiocore
  • August 11, 10:34

    China stocks: up after US inflation, Shanghai closes at +1.6% and Hong Kong +2.4%

  • August 11, 09:28

    Stock market: Europe attempts a second rise after US inflation, Milan (+0.7%) leads

  • August 11, 09:19

    BTp: spread with the Bund opens down to 207 points, yield at 2.97%

see you all

(Il Sole 24 Ore Radiocor) – European stock markets slow down after a good start that again exploited the effect of US inflation data. Asian price lists (HANG SENG, Sse, Tokyo excluding holidays). The FTSE MIB in Piazza Affari is among the best along with the IBEX 35 in Madrid. Telecom Italia and Interpump are doing well in Milan, underlines Leonardo. Bank values ​​were positive with Banca Pop Er confirming itself as the current value of the sector: +30% in the last two weeks.

Will the stats of unemployment benefits It uses the main macroeconomic data capable of guiding the day of the financial markets, together with the producer prices of July.

For analysts “important data” but the Fed will continue to be aggressive

The +8.5% year-on-year of consumer prices in the US registered in July, after the previous +9.1%, and +5.9% of the core component (in line with June) reduce fears of further aggressive moves on rates by the Federal Reserve in September but analysts are not inclined to think that we are at a turning point for US monetary policy: if the headline data could have peaked, the trend in the coming months of factors like rental prices before we can conclude that the central bank is ready to change its approach. “It is no exaggeration to say that the inflation numbers could set the tone for the markets for the rest of the month, was Oanda’s Craig Erlam’s earlier US comment: a lower-than-expected figure could contribute significantly to the markets. “. “This was a big improvement over the June data and, if repeated in August, could take pressure off the September FOMC meeting,” said Michael Metcalf, head of macro strategy at State Street Global Markets. “The categories that led to the weakness in July’s underlying data – airfares and hotel rates – tend to be more volatile, while the more rigid components (rentals) were stable. Today’s data did not change our forecasts for core inflation by 5.5% and 3.5% annually, respectively, for 2022 and 2023, nor has it changed our short-term outlook for the Fed.

Siemens loses 1.5 billion in the quarter, Rwe raises estimates

The industrial group Siemens recorded a net loss of 1.5 billion euros in the third quarter of its fiscal year due to a restructuring of the accounts while revenues
and increased the operating margin of its flagship business. The group now expects earnings per share of between €5.33 and €5.73 in 2021/22 instead of €8.70 and €9.10 in the previous estimate. The company maintained its prospects for revenue growth. The energy group Rwe registered an adjusted EBITDA of 2,858 million euros in the first half of the year with a profit of 1,566 million euros and confirmed the forecast of an adjusted EBITDA for the end of the year of between 5 and 5,500 million euros with a profit between 2.1 and 2.6 billion.

Know more

Both values ​​are penalized by investors on the DAX 40, with the Prosiebensat television group (of which Mfe-Mediaforeurope is the largest shareholder) also down after the accounts and the cut in the 2022 forecasts.

#Stock #Markets #Plan #Ahead #Effect #Falling #Inflation #Fades

Leave a Reply

Your email address will not be published. Required fields are marked *