Global bags operate without a clear trend During the morning of Wednesday. After the bad data of the United States retail inflation on Tuesday, Markets await prices data to the producer in the US that will be published on Wednesday, and that could have more weight for investors than yesterday’s CPI. To this is added the increase in expectations regarding new definitions of American tariff policy.
As he said XTBbased on data and surveys of the private sector, “The process of transferring costs related to tariffs to consumers has already begun, which means that inflation to the producer could react more intensely to new commercial realities. “
Declarations of the president of the Federal Reserve (FED) of Dallas, Lorie Logan, were also added statements, that further reduced the expectations of monetary flexibility in the United States. According to Logan, the current inflationary pressure requires maintaining high interest rates, and A single “softer” reading is not enough to justify a return to type cuts.
Soft start on Wall Street
Wall Street It closed mostly in red yesterday, despite the solid quarterly results of the main banks. Even without formal operations this Thursday, the futures of the main indices of the American stock market operate mixed: the Dow Jones rises 0.2%, the S&P 500 It remains in neutral terms, with a tiny rise of 0.03%, and the Nasdaq drops 0.18%.
In parallel, the US president, Donald Trumpannounced on social networks that the United States “It will probably close two or three commercial agreements before August 1.” In this sense, the European Commissioner of Commerce, Maros Sefcovic, will travel to Washington this Wednesday for high -level meetings with US officials, said a spokesman for the European Commission.
In parallel, the American president also announced an agreement with Indonesia, which, it was reported, includes the elimination of all tariffs on US products and the commitment to buy more American products, including Boeing airplanes, in exchange for a 19%tariff.
Surprise in Europe with the British CPI
The paneuropeo index Euro Stoxx 50 Low 0.18%while at the local level the panorama is a bit more positive. The German Dax rises +0.29%; The Spanish Ibex 35 exceeds it, with a +0.52%; while the French CAC drops 0.02%.
The strong fact in Europe brought him the United Kingdomsince it was known that the country’s CPI surprises up and took the markets by surprise, since it realizes that the British economy still without being able to get rid of inflation. In this way, FTSE 100 increases 0.30% in the day on Wednesday.
Source: Ambito
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