(News Bulletin 247) – European stock markets fell slightly (-0.1% in London, -0.4% in Frankfurt and Paris), on the eve of the publication of inflation figures in the euro zone, a major statistic in view of the ECB’s future monetary policy.
Before this key meeting of the week, operators should be attentive, at the start of the afternoon, to the preliminary estimate of inflation in Germany – the first economy in the euro zone – for the coming month. complete.
In the meantime, according to the provisional estimate made by INSEE at the end of the month, consumer prices in France would have increased by 5.1% over one year in May, thus marking a clear deceleration after +5.9% on last month.
“This larger than expected decline bodes well for eurozone inflation which will be released tomorrow and will reinforce the doves at the ECB who argue that the tightening cycle is now almost over,” reacts Capital Economics.
Other data released during the morning in Europe, France’s GDP growth was confirmed at 0.2% for the first quarter of 2023, and the unemployment rate in Germany fell by 0.2 points to 5, 5% in May.
On the securities side, Heineken sells 1% in Amsterdam, after the announcement of the buyout by the group, from Femsa, of its own shares for 333 million euros as part of the desire of the Mexican conglomerate to withdraw from the capital of the brewer. Dutch.
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