(News Bulletin 247) – European stock markets are generally vegetating close to their equilibrium (-0.2% in London, stability in Frankfurt, +0.1% in Paris) after the publication of several globally disappointing data in the region.

The UK’s annual inflation rate fell from 7.9% in June to 6.8% in July, according to data released this morning by the National Statistics Office, but excluding energy, food, alcohol and tobacco , it remained at 6.9%.

‘Together with the labor market and GDP report released last week, these figures confirm that there is room for another 25 basis point rate hike by the Bank of England in September’ , reacts Liberum.

Regarding the euro zone, Eurostat confirmed its very first estimate of 0.3% growth in GDP in the second quarter of 2023 compared to the first, after a stagnation observed in the first three months of the year.

“This means the economy has broadly stagnated since the third quarter of last year,” notes Capital Economics, which believes the economy will contract in the second half of the year as the effects of monetary policy tightening intensify.

On the values ​​front, Carlsberg lost more than 2% on the OMX, although the Danish brewer raised its objectives for the 2023 financial year on Tuesday evening after a first half described as ‘solid’, driven in particular by the success of its premium beers.

Similarly, Alcon remains more or less stable in Zurich, the day after the ophthalmology laboratory raised its annual forecasts for EPS and turnover, on the occasion of the publication of its second quarter results. .

Copyright (c) 2023 News Bulletin 247. All rights reserved.