Gonet: market news on August 15

Dow -0,02%, S&P 500 +0,03%, Nasdaq -0,01%, Russell -1,24%, SOX -0,12%, Eurostoxx +0,86%, SMI +0,19%. Therefore,

You might as well put things to the point from the start. Nevertheless, the meeting of the two old papis (@rhachard gotainer or almost) taking place this evening at 9 p.m. Moreover, (CET). Moreover, Europe will be on weekends for a long time while it will only be one hour to shoot for Wall Street when the meeting will start. Similarly, The probabilities that this “summit” has an impact on the markets are therefore weak. Similarly, especially since the main interested party will not even be.

Yesterday. Therefore, it is above all the macro which interests Wall Street, the price index in production in the United States for the month of July succeeds in throwing a cold during this orientation. gonet: market news august 15 In addition, At first glance we can understand why, the PPI increased by 0.9% last month, economists predicted 0.2% (we put them at the door?) And in June the figure was at zero. In addition, enough to calm the ardor of the bulls, mostly under poppers for some time already. However, But that was without counting without the famous BTFD. For example, acronym that I cannot translate here, let’s say that, in summary, he describes the phenomenon of purchasing on weakness. Meanwhile, The main American clues start their day in the red. In addition, scalded by the PPI but it hardly lasts and, after a few procrastination, the bulls resume orders a little before 7 pm.

By scraping the surface of the PPI. we observe that the sudden increase in July is mainly due to the services sector, by definition by customs duties of the Grand Blond pissed off, this gonet: market news august 15 is probably what allows the market to quickly recover from the place. It is observed this said that the Fed Funds tempered their ardor. now predict 93% of a drop of 25 base points by the Fed on September 17, then one with an additional two cuts by the end of the year. The probabilities will be refined over the macro publications. then arrive at the Jackson Hole symposium, which will be held from August 21 to 23 in Jackson Hole (I go out …). The central bankers of the globe meet there once a year. the raout is organized by the Fed of Kansas City, we will listen carefully to what Jerome Powell will have to say, this is a dream opportunity to send a message if he wishes.

Musalem, from the Fed of St. Louis (voting member). underlines that inflation still revolves around 3% and that there gonet: market news august 15 are risks of slowdown in the labor market, it also specifies that the data does not justify a drop in rate of 50 basis. Barkin. from the Fed of Richmond, indicates that the morale of companies is improving, but not yet in terms of hiring (he adds however that companies do not seem to predict layoffs).

The air of nothing. the S & P500 index (SPX) posts a new historic record at the bell tower yesterday, even if it only progresses from a chouia. Its podium of the day consists of financial, health and discretionary consumption. Its equity alter ego, the SPX, fell by 0.65% for its part. this indicates that the greatest number still loses a few feathers yesterday, which confirms the Breadth of the day which shows a negative 3-1 for the SPX, on the NDX is 2-1 negative. The exchange volumes are low, it should be noted gonet: market news august 15 that Amazon (AMZN +2.86%) and Netflix (NFLX +2.17%) provide their support for the rating and that volatility operates a timid rebound, the VIX gains 2.4%at 14.83. The dollar is in full fight with its mobile average at 50 days. for example on the EUR/USD pair, the latter is 1.1631 against a current level of 1.1677. On the bond front the yield of US 10 years comes to test its support of 4.20% – 4.18% yesterday in session, then the PPI sends it higher, this morning it evolves at 4.29%.

On the macro-economic menu of the day. retail sales in the United States and the confidence index of the University of Michigan will be published this afternoon.

Pandora’s operating profit in the second quarter is close to forecasts and the company maintains its prospects for 2025. BBVA challenges the conditions laid down by Madrid to the Banco de Sabadell acquisition project. gonet: market news august 15 Philips invests more than $ 150 million in manufacturing and R&D in the United States. Berkshire Hathaway repositions himself on Unitedhealth. The United States is considering entering Intel capital, according to the Bloomberg agency. Eli Lilly signs an agreement of $ 1.3 billion with superlumal to discover obesity drugs thanks to AI. Rivian says he is confronted with a $ 100 million hole after the new American fuel rules. MUBADALA announces participation in Walt Disney and Merck & Co, and dissolves his participation in Comcast. YouTube (alphabet) will guess the age of users thanks to AI.

This morning and this morning in Asia this morning, the indices treat Hong Kong apart which fell by 1.03%. Tokyo takes 1.46%, Shanghai rises by 0.83%, Seoul and the NIFTY50 are closed. The future SPX gains 0.2% and Europe opens up 0.5%. Gold no longer moves an ear. the ounce deals at $ 3342, gonet: market news august 15 oil tries to raise its head, the barrel of WTI Light Crude evolves at $ 63.52.