Paris (awp/afp) – World stock markets are generally rising on Wednesday, in a rather calm session, awaiting the publication of the minutes of the American Federal Reserve (Fed) and before the publication of inflation in the United States. United.
On Wall Street, around 3:50 p.m. GMT, the S&P 500 gained 0.65%, the Nasdaq 0.58% and the Dow Jones 0.95%.
In Europe, the Paris Stock Exchange gained 0.52% at the close, Frankfurt gained 0.99%, London 0.65% and Milan 0.59%. In Zurich, the SMI gained 0.93%.
The Frankfurt Dax was able to benefit from the rebound in industrial production but also from an unexpected increase in exports in August, which increased by 1.3% over one month, when a decline was expected.
Stock markets are generally on the rise “while investors await US inflation figures”, comments Chris Beauchamp, analyst at IG.
After a better than expected employment report in the United States last week, illustrating the resilience of the world’s largest economy, the majority of markets expect the Fed to ultimately lower its rates by only 0, 25 percentage point at its next meeting.
The Consumer Price Index (CPI) for September in the United States, published Thursday, is now “at the center of attention”, notes Susannah Streeter. “Some are hoping that inflation numbers will be lower, which could prompt the Fed to cut interest rates” more significantly.
Falling inflation “would also push the dollar upwards,” underlines Mr. Beauchamp.
Investors are also awaiting the publication on Wednesday of the minutes of the last meeting of the American Federal Reserve (Fed) at 6:00 p.m. GMT, which could also give indications on the extent and speed of the institution’s monetary easing policy. .
In this context, the dollar gained 0.26% against the euro, to 1.0952 euros around 3:50 p.m. GMT.
The ten-year American bond reached 4.05%, compared to 4.01% the day before. At two years, it stands at 4.00% compared to 3.96%.
Uncertainties surrounding China’s economic health, however, are putting pressure on the markets. The Shanghai Stock Exchange ended its session on Wednesday with a decline of more than 6%.
Chinese authorities did not announce any new measures on Tuesday during a highly anticipated press conference. Faced with mistrust, however, they indicated on Wednesday that the Minister of Finance will hold a press conference this weekend on tax policy.
“There are doubts about the relevance of the measures that have been taken to revive the economy,” says Vincent Juvyns, member of the JPMorgan AM strategy team interviewed by AFP.
He also recalls that the markets are awaiting the start of the corporate results season, “particularly important”, because they will allow “to realize the state of health of the American economy”.
Google in the viewfinder ___
The American Department of Justice (DoJ) mentioned Tuesday evening a possible forced split of the group in a document sent to the federal judge responsible for defining the sentence which will be imposed on Google as part of its conviction for anti-competitive practices linked to its search engine.
“Technology stocks avoided an overly dramatic reaction to the announcement of a possible antitrust measure against Alphabet,” notes Chris Beauchamp, however, even if Google’s parent company lost 1.72% in New York.
The multiple legal proceedings targeting Alphabet and its subsidiary are increasingly handicapping the share price.
Oil is faltering ___
Tensions in the Middle East also remain on the markets’ horizon, while the American president and the Israeli Prime Minister began a telephone conversation on Wednesday to discuss in particular the war between Israel and Hezbollah.
A possible flaring conflict in the Middle East and fears over oil supplies from the region are pushing prices higher, but investors are forecasting plentiful production in 2025, adding to China’s economic slowdown for ruin the courses.
Around 3:45 p.m. GMT, the price of a barrel of Brent from the North Sea for delivery in December lost 0.59% to $76.72. A barrel of American West Texas Intermediate (WTI) due in November lost 0.39% to $73.28.
Bitcoin fell 0.12% to $62,271.75.
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