Stock markets around the world react to the results of inflation and production prices in the United States. Everything points to a moderation in the Fed’s rate policy.
The european stock indices this and the futures of Wall Street They are trading stable, following data showing that US consumer prices moderated their rise in July, as they rose 0.2% last month, the same increase as in June.
That caused a initial relief in markets on Thursdaysince some considered that the data reduced the probability of another Federal Reserve (Fed) rate hike next month. Investor optimism was curbed by remarks by Federal Reserve Bank of San Francisco President Mary Daly, who said more had to be done before the fed feel confident that they have done enough to fight inflation.
The index MSCI World Equity it loses 0.3% on the day, which represents a small weekly decrease. And the asian bags fell to one-month lows and European indices were in the red, with the STOXX 600 shedding 0.8%.
What’s next for the markets
Investors are waiting for the US consumer confidence datawhich will be published during the session.
“The inflation figures They keep sending us a mixed message. Hopefully (today’s data) confirms the message we received yesterday (Thursday), which is a small sigh of relief that the inflation It’s not picking up any further, and the underlying trend remains dovish,” said Ben Laidler, global markets strategist at eToro.
According to Laidler, the weak data from China also influences the trust. Figures on Wednesday pointed to a deflation in chinaraising fears that we are entering an era of much slower economic growth, similar to Japan’s “lost decades” period.
Source: Ambito
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