Wall Street should open sharply higher on Wednesday, driven by consumer price statistics (CPI) which show a slight slowdown in core inflation, which reinforces the scenario of further rate cuts from the Fed.
Half an hour before the opening, the 'futures' on the main New York indices climbed from 1.5% to 1.8%, announcing comfortable gains at the opening.
The Labor Department announced this morning that the CPI rose 2.9% in December, compared with a 2.7% increase in November.
The 'core' CPI, which excludes energy and food products, however shows a deceleration to 3.2% in inflation over one year, compared to 3.3% the previous month.
'This is its lowest level since August, which means that underlying inflationary pressures are easing somewhat,' comments Michael Brown, strategist at Pepperstone.
These data, considered rather reassuring, give hope that the Federal Reserve will not deviate too much from its monetary easing policy this year.
According to the CME's FedWatch tool, the hypothesis of an interest rate cut in June is once again in favor of the market, the prospect of a reduction of 25 basis points now being anticipated by 44.5% of investors.
That of a reduction of 50 basis points is considered credible by 20.6% of traders, the scenario of a 'status quo' winning only 31.4% of the votes, against still 42.7% yesterday.
These figures cause a fall in the dollar, which allows the euro to return towards 1.0350 against the greenback, while the yield on ten-year Treasuries plunges by almost nine basis points, to 4.70%. .
The rating is also driven upwards by a first wave of solid company results welcomed by investors.
Goldman Sachs and JPMorgan climbed 4% and 2% respectively in pre-opening in the wake of quarterly performances better than expectations.
The results of two other banking heavyweights, Citi and Wells Fargo, are also welcomed.
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