The financial markets evolve with caution this Monday, hoping for advances on the war in Ukraine, at the start of a week rich in economic data. Among these, American inflation, which could weigh on the monetary policy decisions of the American Central Bank.
In European equity markets, the London Stock Exchange thus took 0.29%, Milan 0.49% and Zurich 0.65% in the morning. Frankfurt was stable (+0.00%), just like Paris (+0.07%).
“As mid-August approach, the markets anticipate a particularly lively week, with several major events and publications likely to influence market feeling,” commented economists from Deutsche Bank.
The evolution of supervised American inflation
The consumer price index (ICC) in the United States, which measures inflation supported by consumers, is expected on Tuesday and “is at the heart of all attention,” they continue.
“If inflation is high, the scenario of a drop in rate of the American central bank (Fed) in September is reduced to nothing,” comments Stephen Innes, man manager.
Fed guiding rates – which guide the cost of credit and have a strong impact on the markets – remain unchanged since December, between 4.25% and 4.50%.
Among the other economic meetings of the week, “in the United States, retail publications (Friday), industrial production (Thursday) and consumer confidence (Friday) could move the lines,” said John Plassard, head of the investment strategy at Cité Gestion Private Bank.
On the bond market, the yield of the American loan at two years was 3.75%, against 3.76% at the end on Friday. The one at ten years old was 4.26%, compared to 4.28%. In Europe, the Bund, the yield of the German loan at ten years, was 2.66%, after 2.69% on Friday.
On the exchange market, the euro earned 0.17% against the greenback, at 1,1660 euros for a dollar.
The expected Putin-Trump meeting
On Monday, “attention is also focused on Ukraine and optimism as to possible progress,” comments Ipek Ozkardeskaya, analyst of Swissquote Bank.
In detail, a summit is scheduled for Friday between Donald Trump and his Russian counterpart Vladimir Putin in Alaska in an attempt to end the war in Ukraine launched by Moscow – enough to result in a reduction in sanctions targeting Moscow.
Volodymyr Zelensky, who rejects any American-Russian agreement at the expense of his country, urged its European allies, also excluded from talks, to adopt a common approach.
In this context, on the oil side, “any disappointment on the Ukrainian front could bring back the price of a barrel over 65 dollars,” added the analyst. Around 7:20 GMT, the price of the Brent of the Brent of the North Sea released 0.96% to 65.95 dollars and the barrel of American WTI yielded 1.09% to 63.18 dollars.
The ounce of gold fell from 0.95% to 3,365.21 dollars.
Tax on the sale of ia fleas to China
The American semiconductive semiconductive giants and Advanced Micro Devices (AMD) concluded an agreement with the Trump administration providing for 15% of their income from the sale of IA fleas to China, according to press information published on Sunday.
The CEO of Nvidia, Jensen Huang, met US President Donald Trump at the White House on Wednesday and agreed to donate to the US government, part of his income, a very unusual arrangement in the international technology trade, according to information published in the Financial Times, Bloomberg and the New York Times.
“The actions of Taiwan Semiconductor Manufacturing Company (TSMC) are perceived Monday as an indicator of the reaction of the new to this news,” notes Ipek Ozkardeskaya. In Taiwan, TMSC won 0.43% at the end.
Although slightly, this progression “suggests that investors support the tolerance of companies at reduced margins on their Chinese activity if this means in return to have more commercial stability”, explains the analyst.
At the European side, ASML took 0.99%, Stmicroelectronics was stable (+0.07%), the semiconductors won 0.5%. (Awp)
