caution prevails before US inflation

(CercleFinance.com) – The Stock Exchange lost 0.3% this morning, around 7,540 points, penalized by Edenred (-2.1%), Teleperformance (-2%) and EssilorLuxottica (-1.7%) .

Yesterday evening, Wall Street finished up (+0.6% for the Nasdaq, +0.7% for the S&P and +1% for the Dow Jones) welcoming the publication of the minutes of the last FOMC meeting in the Fed.

As a reminder, the American central bank decided to reduce its reference interest rate by 50 basis points during this meeting, placing it in a range of 4.75 to 5%, thus beginning a cycle of monetary normalization.

‘The minutes underline that this decision was taken to support economic growth and prevent a further deterioration of employment’, explains Quasar Elizundia, at Pepperstone.

‘Regarding inflation, the Federal Reserve said it was more confident in the progress made towards its annual objective of 2%, although it remains above the desired level’, further points out this research strategist .

All eyes will also be on the publication, at the beginning of the afternoon, of the consumer price index (CPI) of the United States, which Jefferies expects to increase annually by 2.3% in data gross and 3.2% excluding food and energy.

‘The calculation of the CPI gives exaggerated weight to the price of housing services, including fictitious rents charged to owners. Without this, inflation would already be below 2%’, noted Oddo BHF at the start of the week.

In London, the barrel of crude appreciated by 0.6%, to $77.2 while the euro was stable against the greenback, around $1.09/E.

In stock news in Paris, Airbus indicates having made 50 deliveries to 29 customers in September, bringing the total since the start of the year to 497 deliveries, and garnered 235 gross orders last month.

Scor announces that it has entered into exclusive negotiations with Huyghens de Participations, the holding company of the Albin Michel group, for the sale of its stake in the capital of Humensis, the ninth general and educational publishing group in .

Getlink indicates that its shuttle services transported 200,353 passenger vehicles and 96,570 trucks in September, traffic respectively down 5% and up 1% year-on-year.

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