(CercleFinance.com) – While Wall Street must remain closed this afternoon (due to celebrations of the abolition of slavery in the United States), the European stock markets tend to lose ground (-0.3 % in London, -0.4% in Frankfurt, -0.6% in Paris).
Thus, London is unable to benefit from the British inflation figures, encouraging at first glance but more worrying in detail, while the Bank of England must make its monetary policy decision on Thursday.
The UK’s consumer price index rose 2% year-on-year in May, down from 2.3% the previous month as the underlying rate moved into the same time from 3.9 to 3.5%.
On the other hand, the ONS, which publishes these figures, indicates that British producer prices (at the factory gate) increased by 1.7% year-on-year in May, i.e. their highest annual inflation rate. for a year, and compared to 1.1% in April.
In stock news, Vodafone gains more than 1% in London after the telecoms operator sold 18% of the capital of Indus Towers, an Indian group of mobile telephone towers, through an accelerated placement .
In Paris, Quadient lost nearly 6% after the announcement of its objectives for the period 2024-26 and for 2030, on the occasion of the presentation by the group of software, parcel lockers and mail solutions, of its new strategic plan ‘Elevate to 2030’.
