(News Bulletin 247) – European stock markets are on the rise this Wednesday (+1.4% in London, +0.2% in Frankfurt, +0.6% in Paris), against a backdrop of confirmation, by statistics released in the morning, the easing of inflationary pressures in the region.
Consumer price inflation slowed to +5.5% year on year in June in the euro zone (vs. +6.1% the previous month), mainly driven by energy prices, according to Eurostat , which therefore confirms a first estimate.
Inflation in the zone remaining well above the 2% target set by the ECB, the monetary authority should nevertheless tighten its rates twice more, given the meager progress on the inflation front. underlying.
Similarly, the annual inflation rate fell month-on-month in the UK, from 8.7% in May to 7.9% in June, including a decline of 7.1% to 6 .9% for the price index excluding energy, food, alcohol and tobacco.
‘Inflation has been falling steadily, but is still well above that of other major markets and far from the Bank of England’s 2% target,’ notes Mahmoud Alkudsi, senior market strategist at ADSS.
In the news of the values, ASML gleans less than 1% in Amsterdam after the results of the second quarter of the equipment manufacturer for the semiconductor industry, marked by orders in EUV technology considered “still low” by Stifel.
In Paris, Kering climbed by more than 6% the day after a series of changes within the general management of the luxury group, while Publicis gave up a little ground (-1%), in the wake of its quarterly reports. American peer Omnicom.
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