(News Bulletin 247) – European stock markets fell on Thursday (-0.4% in London, -0.8% in Frankfurt, -0.7% in Paris), not being satisfied with a slowdown very modest price increase announced in the morning for the euro zone.
The euro zone’s annual inflation rate is estimated at 8.5% in February, down slightly from 8.6% in January, according to a rapid estimate from Eurostat, which points to rates still well above 10% for food and energy.
Other data published this morning in Europe, the unemployment rate in the euro zone remained unchanged in January at 6.7%, still at its lowest levels since the beginning of 2008, and fell by 0.2 points from one year to the other.
Such figures are therefore likely to encourage the ECB to continue tightening its monetary policy, even as hopes of a more accommodating attitude from the US Federal Reserve are tending to wane.
“Investors still expect the Fed to raise rates by 0.25% in three weeks, but the probability of a 0.50% hike is growing,” Kiplink said, adding that these fears favor a rise in prices. long rate.
Moreover, the president of the Atlanta Fed, Raphael Bostic, then that of the Minneapolis Fed, Neel Kashkari, campaigned on Wednesday for a rise in the cost of money in the face of inflation and economic growth figures. jobs considered to be of concern.
In the news of the publications of results in Europe, the operators are abandoning those of the brewer AB InBev (-1% in Brussels), the group of collective services Veolia (-2% in Paris) and especially the chemists Clariant (-4% to Zurich) and Covestro (-5% in Frankfurt).
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
