(News Bulletin 247) – The European stock markets are off to a good start (+0.2% in London, +0.9% in Paris, +1.1% in Frankfurt), a week that should largely be dominated by the decisions of monetary policy of the Fed, Wednesday evening, then of the ECB, early Thursday afternoon.
‘As for the US Federal Reserve, the odds on Fed rate action continue to show that the FOMC could announce a pause, before perhaps raising rates again as early as July’, it is estimated at GI France.
‘On the other side of the Atlantic, our economists are expecting another 25 basis point increase, followed by another in July’, Deutsche Bank predicted this morning about the European Central Bank.
If no statistics are expected on Monday, the next few days will be marked by many macroeconomic data, especially in the United States with, for example, inflation on Tuesday, then retail sales and industrial production on Thursday.
In Europe, investors will find out, among other things, the ZEW index in Germany, industrial production in the euro zone and the United Kingdom, or even consumer prices in the euro zone.
In securities news, ProSiebenSat1 gains more than 4% in Frankfurt, supported by comments from Oddo BHF, which raises its recommendation from ‘neutral’ to ‘outperformance’ with a new target price of 11 euros, on the media group title.
SES fell by 13% in Paris, the satellite operator having announced that its CEO Steve Collar will leave his post at the end of June. He will be temporarily replaced by Ruy Pinto, currently chief technology officer.
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