The world stock markets were going to end the week in green for the first time in a month on Friday, competing after slightly lower-than-expected inflation in the US last session. In Europe, Paris rose by 3.15%, London – by 2.43%, Frankfurt – by 1.77%, Milan – by 2.23% at 14:40. All of these places lead to a positive balance for the week, the first in June.
The weekly reversal was also confirmed on Wall Street, which opened higher: Dow Jones rose 1.81%, Nasdaq – 2.38%, S&P 500 – at the same time – 2.12% : «Medium-term inflation figures calculated by the University of Michigan were slightly lower than expected. The market buys this news“It was released at 14:00 GMT,” said Alexander N., director of private management at Amplegest. «As soon as the numbers are a little better, the markets welcome them because the momentum is momentumHe remembers that investors are looking forward to the peak of inflation.
As a result, central banks have reaffirmed their commitment to tightening their monetary policy, particularly by raising their key interest rates, such as last week’s 0.75 percentage point drop in the US Federal Reserve. . This turn of the bolt is an obstacle to economic activity, and with the release of various economic indicators in June, fears of a recession have grown. Investors learned on Friday that U.S. consumer confidence fell more than expected in June to a new all-time low, according to the University of Michigan.
“But this week, these concerns about economic activity.”Investors were forced to expect a slower recovery“Rates”for the next 12 to 18 monthsDeutsche Bank analyst Jim Reid observes. In the bond market, the interest rates on government bonds decreased significantly during the week, or on Friday they increased slightly.
With the և luxury of technology
Shares of the tech industry have benefited from the recent drop in interest rates. In Paris Tele In London, Teleperformance increased by 4.10%, Dassault Systèmes – by 4.30%. The momentum on Wall Street was also boosted by the ranking giants, be it Apple (+ 1.60%), Amazon (+ 1.82%) or Meta (+ 5.78%). The same goes for the luxury sector, for which falling interest rates improve future profit estimates. In Paris, LVMH increased by 3.69%, L’Oréal – by 4.13%. In Milan, Moncler advanced by 4.79%, and in London – Burberry – by 3.80%.
On the side of oil և currencies
Oil prices have been rising for weeks after the quake. Concerns about the insufficient supply of raw materials to meet demand during the summer prevailed in the context of the recession in the context of rapid inflation. At 14:20 GMT, Brent crude for August delivery rose 2.60% to $ 112.85 a barrel and WTI’s same maturity rose 3.04% to $ 107 a barrel. $ 45. The euro rose slightly, reaching 1.0556 dollars (+ 0.32%). Bitcoin rose 1.88% to $ 21,190 at around 14:40 GMT.
Source: Le Figaro
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