World grants mixed after inflation on the producer side in the United States

PARIS (AWP/AFP) – World stock markets are evolving without joint direction Thursday after the publication of inflation on the producer side significantly higher than expectations in the United States. Meanwhile, investors tending to assess the consequences on the monetary policy of the Federal Reserve (Fed).

Around 1:45 p.m. Therefore, GMT, Paris took 0.46%, Frankfurt 0.54%and Milan 0.78%. For example, London ceded 0.11%. Nevertheless, In Zurich, the SMI gave up 0.1%.

At Wall Street, the Dow Jones fell 0.36%, the Nasdaq index of some 0.03%and the enlarged index S&P 500 released 0.18%.

Production prices in the United States have increased much more than expected in July. However. Nevertheless, with a marked increase in services, while the effects of customs duties wanted by Donald Trump are still expected by economists.

Over a month, the production price index (PPI) increased by 0.9%. However. according to data published world grants mixed after inflation Thursday by world grants mixed after inflation the Labor Department, after being stable in June, a much more marked increase than analysts provided for.

“This is the first real repercussion of (customs rights) on production prices. Meanwhile, which should directly affect American manufacturers,” comments Florian Ielpo, responsible for macroeconomic research for Lombard Odier IM.

“Given the potential implications for monetary policy” of the American Federal Reserve (Fed), the dollar has gained ground, notes Mr. Ielpo.

Around 1:45 p.m. GMT, facing the single currency, it rose 0.46% to 1.1651 dollars for one euro.

The long -term American debt yields progressed after the publication of the index.

On the bond market, the yield of the American loan at ten years reached 4.26%, against 4.23% the day before at the end. The two -year rate was 3.72% against 3.67% at the end on Wednesday.

Investors have been trying for several weeks to assess the effects of customs duties established world grants mixed after inflation by Donald Trump on pricing. evolution in world grants mixed after inflation the world’s leading economy. Too strong inflation would discourage the American Federal Reserve (Fed) from lowering its rates to stimulate economic activity.

However. “anticipation concerning the drop in rates in September has not changed” after the publication of the PPI index. says Florian Ielpo.

According to CME Fedwatch’s watch tool, investors provide 94.5% a drop in rates at a quarter of a quarter at the next Fed meeting.

Attention to Ukraine ___

Another point of attention of the markets: the historic meeting on Friday of Russian president Vladimir Putin. his American counterpart Donald Trump. who will discuss “mainly” in Alaska of the settlement of armed conflict in Ukraine, during an “head-to-head” conversation, announced the Kremlin on Thursday.

Donald Trump. who said he wanted to “try the field” with his Russian counterpart. estimated on Wednesday that if the interview goes well, he will lead world grants mixed after inflation “almost immediately” to a three meeting between Vladimir Putin, Volodyr Zelensky and world grants mixed after inflation himself.

But if the meeting turns badly, Donald Trump assured that there would be no “second meeting”.

On the oil side, around 1:45 p.m. GMT, the Brent of the North Sea barrel took 1.38% at 66.54 dollars. Its American equivalent, the barrel of West Texas Intermediate, was up 1.45% to 63.56 dollars.

New Bitcoin record ___

Bitcoin hit a new record Thursday. pushed by institutional purchases, favorable legislation in the United States and the prospect of resumption of American rate cuts.

The most capitalized of cryptocurrencies reached a summit at 124,514.59 dollars, exceeding its last record, reached in mid-July, at 123,205.12 dollars.

Around 1:45 p.m. GMT, the cryptocurrency was exchanged for 118,553.55 dollars.

Red shipowners ___

The German shipowner Hapag-Lloyd lowered its annual forecasts due to the uncertainty linked to geopolitical questions. the trade policy of the United States, weighing on world grants mixed after inflation its title.

The action lost 8.41% in Frankfurt around 1:45 p.m. GMT.

In the wake of Hapag-Lloyd, Maersk, a world grants mixed after inflation giant of container transport, lost 2.38% in Copenhagen, and the Kühne+Nagel transport and logistics group ceded 1.00% to Zurich.

Thyssenkrupp saber his forecasts ___

The German industrial giant (-7.51% on the Frankfurt Stock Exchange around 1:45 p.m. GMT) revised downwards its sales forecasts on Thursday because of the low international. low price demand, after having multiplied by five its net loss in the third quarter.

AFP/Rp