(News Bulletin 247) – Futures on the S&P500 (+0.2%) and the Nasdaq-100 (+0.6%) augur an opening in the green this Thursday, following new encouraging signs on the front of inflation and a first series of publications of companies of good quality.

Confirming the disinflation trend, the annual rise in producer prices in the United States stood at 0.1% in raw data and 2.6% in underlying terms in June, after annual rates of respectively 0 .9% and 2.8% observed in May.

In addition, the number of registrations for unemployment benefits in the United States fell by 12,000 last week, standing at 237,000 according to the Department of Labor, against 249,000 the previous week.

The morale of operators could also benefit from several encouraging corporate publications, on the eve of those of several banking establishments such as JP Morgan Chase and Citigroup.

Thus, PepsiCo is once again raising its objectives for 2023, now counting on a 12% increase in core EPS at constant exchange rates and on organic sales growth of 10%, against previous estimates of 9% and 8% respectively.

Similarly, Delta Airlines is raising its EPS outlook for 2023 to between $6 and $7 (from $5 to $6 previously), while reiterating that of $3 billion in free cash flow.

Also on the sidelines of a quarterly publication, Conagra Brands indicates that its board of directors has authorized a 6% increase in the dividend, starting with the quarterly installment payable on August 31.

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