(News Bulletin 247) – European stock markets are moving forward this Wednesday (+0.4% in London, +0.7% in Frankfurt and Paris), encouraged by the strength of Wall Street the day before (+1, 1% on the S&P500) against a backdrop of reassuring economic data for the US economy.
As a reminder, the Conference Board’s US household confidence index came out at 109.7 this month, against 102.5 in May, and thus ‘reached its highest level since January 2022′, according to Dana Peterson, chief economist of the employers’ organisation.
Other positive data, the Commerce Department reported a 1.7% increase in durable goods orders (+0.6% excluding transport equipment), as well as a 12.2% jump in sales. of new homes in the United States in May.
On this side of the Atlantic, the confidence of French households improved slightly in June, given the INSEE indicator which increased by two points to 85, with in particular a strong improvement in their expectations in terms of unemployment and inflation.
In the news of the values, Bayer yields less than 1% in Frankfurt, the group of chemistry hardly convincing obviously with the presentation of its new strategy of research and development in the pharmaceutical field.
Siemens Energy, on the other hand, gained more than 4%, as investors showed themselves indifferent to a downgrading of the recommendation from ‘buy’ to ‘neutral’ at UBS, which highlights the uncertainties associated with renewable energy activities.
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