Paris rises by 0.71%, London by 0.20%and Milan by 0.85%. In Zurich, the SMI grabbed 0.14%.
The global scholarships are gaining ground on Tuesday after the publication of an inflation index in the United States which supports the prospect of a drop in levels of the American central bank (Fed) in September.
In Europe, the Paris Stock Exchange won 0.71%, London 0.20%and Milan 0.85%. In Zurich, the SMI won 0.14%.
Frankfurt fell 0.23%, hampered by the publication of the ZEW index on the morale of German investors, which dropped in August after three consecutive months of rise, weighed down by American customs duties and the weakness of the first European economy.
Elsewhere, the markets were mainly turned towards American inflation.
Record at Wall Street
At Wall Street, around 4:00 p.m. GMT, the S&P 500 took 0.86%, the Dow Jones advanced 1.07%clearly and the Nasdaq, an index dominated by the technological sector, won 0.98%.
“American actions manage to extend their earnings, and the Nasdaq has scored a new record in session,” said Kathleen Brooks, research director for XTB.
In detail, excluding volatile energy and food prices, inflation marked a clear acceleration at +3.1% over a year in July, but came out in line with analysts’ expectations, according to the consensus published by Marketwatch.
This progression is due “to the increases in housing costs, plane tickets and medical care, that is all factors unrelated to customs duties”, underlines Kathleen Brooks.
Over a month, the index even displays a slowdown, at +0.2% after +0.3% in June, there too in line with analysts’ expectations.
“Those who were waiting for a strong price push in the United States linked to customs duties were disappointed,” said Kathleen Brooks.
“This has strengthened anticipation of drops in rates by the American central bank”, but for all that these anticipations “have only moderate effect on American borrowing rates, which continue to rise, because investors are hampered by political uncertainty,” she detailed.
On the bond market, the yield of the American loan due to two years, the most sensitive to monetary policy decisions, fell to 3.72% against 3.77% at the end on Monday. The borrowing at ten years was stable, 4.29%, as the day before.
Fed officials keep their rates in a range between 4.25% and 4.50% since December and are waiting to see more clearly on the potential impact of customs duties on inflation before softening their monetary policy, which guides the cost of credit.
On the exchange market, the dollar was under 0.63% in the single currency, at 1.1688 dollars for one euro.
On the oil side, around 4:00 p.m. GMT, the Brent of the Brent from the North Sea was exchanged at 66.33 dollars (-0.45%) and the American WTI barrel at 63.49 dollars (-0.73%).
BBVA maintains his opa on Sabadell
The Spanish Bank BBVA (-1.87% in Madrid), second in the country, announced on Monday that it maintained its hostile takeover in its competitor Sabadell (+0.99%), on which doubt has been hovering since the end of July after multiple twists and turns and fierce opposition from the Spanish left government.
Sartorius upwards
The supplier of laboratory equipment Sartorius dominates the German star index Dax (+7.41% at 197.15 euros), doped by a recommendation from Jefferies.
Health values in Europe are generally stimulated by the leap of the Tecan group, from 9.57% to 164.20 Swiss francs on the Zurich Stock Exchange, notably boosted by the announcement of a share buy -back program.