Will the market believe in American inflation?

Warning: If you are allergic to Donald Trump, you will suffer by reading this column. In addition, Notice, you have been suffering for months, so a little more, a little less … Moreover, The American president always invades the media space, from Washington DC will market believe american inflation? to Beijing via New Delhi and Alaska. In addition, The people who describe him in an Imperator rising. Moreover, lowering the thumb in front of the great spectacle of the world are ultimately quite close to reality.

So to summarize. In addition, in the last twenty-four hours, Trump has:

• Gave up to tax gold (I thought I heard a large relief powlt from Switzerland),
• Announced 90 additional days of commercial negotiations with China (i.e. Nevertheless, until November 10 at 6:01 am Paris time). Moreover,
• Designated the conservative economist Erwin John Antoni III (EJ Antoni in short version) at the controls of the US Statistics Office, after having landed his previous manager accused of having published frelated data.
• Refocusing expectations on its summit of August 15 with Vladimir Putin. In addition, suggesting that the meeting will be more informal than decisive for a cease-fire in Ukraine.
• Created the conditions will market believe american inflation? for the enslavement of the Fed by suggesting that three other current members of the institution. Michelle Bowman, Philip Jefferson and Lorie Logan, can claim the presidency of the Central Bank, in addition to Christopher Waller and James Bullard. A skillful way of pushing them to play thurifiers.
• Having understood that Nvidia could be allowed to sell in China its most advanced artificial intelligence chip. Blackwell, if the group is able to ensure that it is less advanced. An advanced chip not advanced, in short. And by means of finance. since it is the new marotte of the moment: the federal puncture on the turnover achieved in China.
• Talked down with Intel boss after calling for his resignation, judging the meeting “very interesting”. Intel action has increased by 3% outside the session after this commentary deemed positive. proof that it is now correlated with the narrative of the White House.
• will market believe american inflation? Evoked the legalization of the Ganja (music!), Or at least its release from the most dangerous drug list in the United States.
• Note: Donald Trump also ensures the return of affection, disenchantment and can give the result of the third.

In the middle of this media tornado. the stock market indices rather marked the step, like a S&P 500 which dropped 0.25% at the fence yesterday, without moving away from its records. The curious scheme consisting in taking an ecot on the turnover of private companies that sell semiconductors to China. has left a bitter taste. No one is fooled by its incompatibility with the national security requirements erected in principle so far. However, this confirms investors that everything is negotiable with China, as long as someone pays the costs. Things could still be bodied because Beijing expressed around 7:15 a.m. this morning a directive recommending that you do not use will market believe american inflation? the Nvidia H20 fleas. those that are precisely dedicated to export to China, because they are deemed dangerous for national security. As we can see, Sino-American relations are not likely to be uninhibited.

While the trees (stock markets) go up to the sky. the tree that will hide the forest today is called July inflation in the United States. Economists await 3% acceleration for underlying inflation (known as core inflation) and 2.8% for basic inflation. The White House could completely decree these zero. not avenues statistics if they were unpleasant, since it considers that the statements will not be reliable before EJ Antoni started to put its nose inside. These data import because they are likely to move the probability of decreasing Fed rates in September. set this morning at 84.4%. Verdict at 2:30 p.m.

Despite the doubt that took up Western equity markets yesterday, Japan signed a record during will market believe american inflation? the day. The Tokyo Stock Exchange has increased out of the last eight sessions. supported by the customs outing door deemed honorable signed with the United States. It earns even more than 2% this morning. Australia manages to win 0.3%, but the trend is more fragile elsewhere: Hong Kong and South Korea drop slightly, while India stagnates. European places are finally expected up at the opening.

The economic highlights of the day

On the program today: German ZEW survey and July inflation in the United States. The whole agenda here.

The quotes are those of the day around 7:00. the links allow you to have real time:

The main changes in recommendations

• Adecco Group: Goldman Sachs maintains its recommendation for purchase and notes the price of courses from 41 CHF to 43 CHF.
• Balfour Beatty: Morgan Stanley maintains his recommendation to undergo with a price of courses noted from 250 GBX to 568 GBX.
• Endomines will market believe american inflation? Finland: Inderes degrades to accumulate for sale with a price of courses noted from EUR 19.50 to EUR 24.
• Equinor: JP Morgan passes from neutral to undergo with a reduced course target of 260 Nok at 240 Nok.
• Hypoport: BNP Paribas Exane maintains its neutral recommendation with a reduced course target from 220 to 185 EUR.
• KBC Group: Deutsche Bank maintains its recommendation to keep with a price of courses noted from 87 to 94 EUR.
• Landis+Gyr Group: JP Morgan maintains its neutral recommendation with a price of courses noted from 52 to 57 CHF.
• Logitech International: Loop Capital Markets maintains its recommendation to keep with a price target noted from 78 to 97 USD.
• Northern Data: Canaccord Genuity maintains its purchase recommendation with a reduced course target of 60 to 27 EUR.
• Orsted: Arctic Securities degrades to keep for sale with a reduced course target of 280 DKK to 180 DKK.
• Prosus: AlphaValue/Baader Europe goes to lighten will market believe american inflation? up with a price of courses noted from 55.60 to 62.10 EUR.
• REPSOL: JP Morgan goes to sub-ponder with a price of courses raised from EUR 12 to EUR 15.50.
• Rémy Cointreau: Morgan Stanley maintains its recommendation to undergo and raises the price of courses from EUR 43 to EUR 43.50.
• Sanofi: Barclays maintains its recommendation to overlap with a reduced course target from 115 to 105 EUR.
• Sartorius: Jefferies starts follow -up to purchase with a price target of 210 EUR.
• SARTORIUS STEDIM Biotech: Jefferies remains with the purchase with a reduced course target from 245 to 229 EUR.
• UBS Group: Zacks goes from neutral to outperformance with a price of courses noted from 37 to 46 USD.

In France

Important ads (and less important … I specify that the information is given hot before opening. does not prejudge the color of the actions during the session)

• Euronext trading volumes progressed in July over a year.
• Valneva confirms his will market believe american inflation? 2025 forecasts after the S1.
• Eutelsat will provide satellite connectivity services to the Indian company Nelco.
• SMCP recovers 15.5% of its capital by judicial decision.
• Rapid Nutrition is launching a new online business platform.
• The main publications of the day : Viel, Hexaom… the rest here.

In the vast world

Important ads (and less important)

D’Europe

• BBVA Maintient are south OPA Banco de Sabadell.
• Merck Kgaa wants to issue $ 4 billion in bonds for the purchase of Springworks.
• Systemair buys a manufacturer of industrial fans in India.
• Mutares picks up the crane division of Hyva.
• Marks & Spencer has restored its services click and collect After their judgment in June following a cyber attack.
• Sonova unveils the first rechargeable and personalized intra-ear hearing aid.
• Theon will invest $ 15 million in the American Kopin to develop augmented reality defense technologies in the United States and Europe.
• Tecan displays a profit and falling sales in the first half.
• Komax losses at S1.
• Polypeptide increases its income and will market believe american inflation? losses.
• The main publications of the day : Hannover Re. Demant, Spirax ISS, Tecan, Bell Food…

North America

• Post-session values after their quarterly: AST Spacemobile (+11.7%) …
• Post-session declining values after their quarterly: pubmatic (-24%), Eastman Kodak (-6.6%)…
• Trump opens the door to the sale of a version of the next generation of Nvidia ia in China. if the model is less advanced than that sold in the USA (and moderately finance).
• Musk announces that XAI will bring legal action against Apple about the rankings of the App Store.
• Paramount obtains the exclusive rights of the UFC in the United States for an amount of $ 7.7 billion from TKO Group.
• Sinclair envisages mergers for its broadcasting activities, according to CNBC.
• The main publications of the day : Sea Limited. CoreWeave, Circle Internet, Cardinal Health, Tencent Music Entertainment, On Holding, Aspen Technology, CAVA Group…

Of Asia and elsewhere

The rest of the global publication agenda here.

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