(News Bulletin 247) – The European stock markets are starting in the red (-0.4% in London, -0.6% in Frankfurt and Paris) a week which promises to be less busy than the previous one, no major data being scheduled for Monday on both sides of the Atlantic.
Nevertheless, after the Fed and the ECB last week, it will be the Bank of England’s turn to convene its Monetary Policy Committee (MPC), its conclusions being expected as usual on Thursday midday.
On this subject, Barclays declares that it anticipates a further increase in the key rate of 25 basis points, despite the publication – next Wednesday – of an inflation rate in the United Kingdom which it expects to be lower in underlying data under of May.
“We are revising our forecasts for short-term growth and underlying inflation upwards, which leads us to expect two additional increases of 25 bps in the MPC in September and November,” adds the British establishment.
The coming days will also see the publication of residential construction figures and leading indicators from the Conference Board for the month of May in the United States, as well as the PMI indices in rapid estimate for June.
In the news of values, we note the dropout of Sartorius (-16% in Frankfurt), as well as its French subsidiary (-12% in Paris), in the wake of a lowering of objectives by the German supplier of equipment and services for the pharmaceutical industry.
Parisian aeronautical stocks manage to climb into the green, like Airbus and Safran (+ 1% each), the sector being in the spotlight as the Paris air show opens on Monday. Bourget.
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