(News Bulletin 247) – The major US equity indices ended Thursday’s session on a positive note, thus showing resilience in the face of a general context of tightening monetary policies by Western central banks.
At the close, the Dow Jones ended just below its balance at 33,947 points, but the S&P500 rose nearly 0.4% to 4,382 points and the Nasdaq Composite rose more than 0.9% to 13,631 points. .
After Jerome Powell’s unaccommodating remarks, fears of a reacceleration of monetary tightening were fueled on Thursday by the Bank of England, which increased its key rate by 0.50 points to bring it to 5%, i.e. more provided that.
The British central bank has also warned that it could raise its rate further in the face of persistent inflation. Previously, it was the Swiss National Bank which had raised its key rate by 0.25 points to bring it to 1.75%.
In the macroeconomic chapter, the index of leading indicators of the United States fell by 0.7% in May, more or less in line with expectations, leaving the Conference Board – which calculates this index – now predicting a next recession in the country.
On the values ​​side, Accenture fell 1.8% the day after its quarterly, during which the group tightened its EPS target range upwards for the year, but downwards that of revenue growth.
In contrast, Eli Lilly gained 1% as the US FDA approved Jardiance in 10 and 25 mg pills to lower blood sugar in children aged 10 and older with type 2 diabetes .
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