Asian markets are progressing, American inflation at the center of attention

The main stock market indices have grown slightly in Asia on Monday, supported by solid companies that maintain high valuations in the technological sector, while a crucial report on American inflation should set the tone for the dollar and bonds.

Trade. Meanwhile, geopolitics also occupy an important place, with an American deadline for customs duties towards China which is to expire on Tuesday, while the market anticipates a new extension. In addition. Moreover, President Donald Trump and Russian leader Vladimir Putin must meet in Alaska on Friday to discuss the situation in Ukraine.

The main economic publication expected concerns the consumer price index in the United States, scheduled for Tuesday. However, Analysts believe that the impact of customs duties could push the underlying inflation to increase by 0.3 %, an annual rate of 3.0 %, thus moving away from asian markets progressing, american inflation the target of 2 %set by the Federal Reserve.

A figure greater than expectations would call into question market bets on a drop in rates in September. Similarly, although analysts believe that it would take a very marked increase, given the slowdown observed on the job market, which now dominates economic prospects.

“The Fed tone has changed. Nevertheless, several officials expressing concerns about growth following the July employment report,” said Bruce Kasman, chief economist at JPMorgan.

“We are now anticipating a resumption of the Fed flexibility cycle in September,” he adds. “The risk of recession is high. at 40 %, but we do not currently consider a series of rate drops of more than 25 base points. »»

The markets anticipate around 90 % a drop in rates in September. as well as at least another by the end of the year.

The appointment of Stephen Miran. chosen by Donald asian markets progressing, american inflation Trump to sit on the Council of Governors of the Fed, may not be effective in time so that he participated in the vote on a drop in September, while the list of candidates for the post of president of the Fed has expanded to a dozen names.

The prospect of a lower cost of credit markets supports the equity markets. as is the series of good results published recently.

Analysts from Bank of America note that 73 % of companies have exceeded profits in terms of profits. well above the historical average of 59 %, while 78 % beat turnover forecasts. “Even if the mentions of a weak demand ‘increase. concerns about customs duties persist, the feeling of companies and their forecasts improve,” they say in a note.

The term contracts on the S&P 500 and the NASDAQ both increased by 0.1 %, bordering on their historic records.

Analysts asian markets progressing, american inflation remain perplexed in the face of an article in the Financial Times according to which the technological giants NVIDIA. AMD have agreed to donate 15 % of their income from flea sales in China to the United States government, as part of an agreement to obtain export licenses for semiconductors.

The Japanese scholarship was closed due to a public holiday. but the term contracts were 42,290, well above the cash fence at 41,820, suggesting that the index could test its absolute record of 42,426 this week.

The broadest MSCI index of Asia-Pacific actions outside Japan progressed slightly, while South Korea remained stable after a 2.9 % rebound last week. The term contracts on the Eurostoxx 50 earned 0.2 %, those on the FTSE were stable and those on the Dax took 0.3 %.

The currencies remained calm, the markets being little active due to the absence of Japan. The dollar asian markets progressing, american inflation index remained stable at 98.246 after decreasing 0.4 % last week.

The euro was stable at $ 1,1644, well above its recent hollow of $ 1,1392, while the dollar was maintained at 147.66 yen, having encountered resistance around 147.90.

The Australian dollar fell to $ 0.6516 before a meeting of the Australian reserve bank. which should largely approve a drop in rates, after surprising the markets in July by postponing a relaxation pending new data on inflation.

The figures proved moderate, investors now fully integrate a quarter of a quarter of a point, to 3.60 %.

In the raw materials markets, gold decreased from 0.3 % to $ 3. 386 an ounce, after high variations last week, following information that the United States could impose customs duties of 39 % on certain gold bars, a major export of Switzerland. Gold -term contracts reduced their earnings on Friday when the White asian markets progressing, american inflation House announced its intention to publish a decree. specifying the country’s position on these customs duties.

Oil prices dropped. investors saying that discussions between Trump and Putin could lead to a cease-fire in Ukraine and ultimately, to relieve sanctions on Russian oil exports.

Brent ceded 0.6 % to $ 66.22 per barrel, while the American crude fell 0.7 % to $ 63.44 per barrel.