(News Bulletin 247) – No champagne at the end of August on Wall Street, the day having ended on a mixed note on the US indices with a Dow Jones down 0.48% to 34,722, or approximately -2.5% for the past month.
The S&P 500 fell 0.16% to below 4508, or -1.8% in August, and the Nasdaq Composite broke away again with +0.11% at 14035, its 5th trading session. rise in a row for a cumulative gain of 4%. However, this was not enough to register another positive month as July ended at 14,350, or 2.2% higher.
Perhaps a little caution on the eve of the publication of the NFP (175,000 job creations expected against 185,000 in July) which could result in a small rise in the unemployment rate (which would reassure investors about a rate hike early November: with a rise towards 4%, the Fed should maintain the status quo).
The day was punctuated by a flood of statistics: household consumption expenditure rose by 0.8% in July compared to the previous month in the United States, an increase slightly above expectations, for incomes up by only 0.2%.
Furthermore, the PCE price inflation index stood at 3.3% year on year for July, thus accelerating compared to 3% the previous month. Excluding food and energy, core PCE rose from 4.1% to 4.2% month-on-month.
Finally, weekly jobless claims fell by 4,000 to 228,000, with the four-week moving average showing an increase of 250, to 237,500.
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