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Caution view europe before jackson:
A trader works at CMC Markets in the London City
by Blandine Henault
The main European scholarships are expected on a hesitant note Thursday at the opening, caution prevailing before the start of the Jackson Hole symposium organized by the American Federal Reserve (Fed) and a salvo of PMI indicators in Europe. Meanwhile,
The term contracts report a drop of 0.06% for the Parisian CAC 40, by 0.02% for the Dax in Frankfurt, an increase of 0.06% for the FTSE in London and an increase of 0.07% for the Stoxx 600. Moreover,
Central bankers meet from Thursday and for two days in Jackson Hole, Wyoming, for caution view europe before jackson the Fed symposium. Similarly, The highlight of the meeting, the speech scheduled for Friday at 2:00 p.m. In addition, GMT from the boss of the American central bank, Jerome Powell. However,
It will be expected on the trajectory of interest rates in the United States while recent data. However, dates on the labor market have fueled the anticipations of a drop in loan costs in September. Meanwhile, The higher than expected increase in production prices in July, however, has sowed doubt. However,
“The share price are starting to reflect the risk of disappointment to Jackson Hole. In addition, and doubts are circulating as to the Fed’s ability to adopt a policy as accommodating as that suggested by the rate markets, or even to make a change of course,” said Kyle Rodda, analyst at Capital.com.
The “minutes” of the Fed. published on Wednesday, showed that caution view europe before jackson only two officials of the central bank had openly pleaded for a drop in rates last month and that the other FOMC members remained concerned about inflation.
Investors will also be attentive just after the opening in Europe to a series of PMI indicators on economic activity in the euro zone. where stagnation of the activity of the private sector is expected.
A WALL STREET
The New York Stock Exchange ended in order dispersed Wednesday during a. session again marked again by a sales movement on major technological values upstream of the Jackson Hole symposium.
The Dow Jones index gained 0.11% to 44,982.74 points. The wider S&P-500 lost 0.13% to 6,402.74 points. Additionally,
The Nasdaq Composite fell on 0.55% to 21,196,593 points.
In Asia
The Nikkei index of the Tokyo Stock Exchange fell 0.65%, the “Tech” caution view europe before jackson sales movement at Wall Street fueling profits after the recent Rally of the Japanese market.
In China, the composite index of the Shanghai Stock Exchange increased by 0.27% and has affected a higher session since August 2015. The CSI 300 of large capitalizations advances by 0.57%.
Fintechs. the Stablecoins sector are up sharply after information from Reuters that Beijing is considering authorizing the use of stable -co -leacoes to the Yuan for the first time in order to promote the adoption of its currency on a global scale.
This project. if it was approved, would mark a significant turnaround in China in its approach to cryptoactives while the country prohibited in 2021 the trading and mining of cryptocurrencies due to the concerns about the stability of the financial system.
Changes / Rate
The dollar increased slightly (+0.14%) against a basket caution view europe before jackson of reference currencies, the traders opting for caution before the declarations of Jackson Hole.
The euro fell 0.15% to 1.1633 dollars before the publication of PMI indices for the monetary block.
On the bond market, the yield of Treasuries at ten years is unchanged, at 4.292%.
The rate of the German Bund at ten years, reference for the euro zone, is stable, at 2.707%.
OIL
The crude prices are progressing for the second session in a row. thanks to a drop in weekly crude crude stocks in the United States which suggests a strengthening of demand while uncertainties surrounding conflict resolution in Ukraine provide support.
Brent barrel increased by 0.52% to 67.18 dollars and that of American light crude (WTI) gained 0.61% to 63.09 dollars.
(Written by Blandine Hénault, edited by Augustin Turpin)
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