Global stocks are falling on the back of better US economic data

August 11, 2023 – 10:52

Markets in the world react to the results of inflation and production prices in the United States. Everything points to moderation in the Fed’s rate policy.

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the European stock indices This and future Wall Street They trade flat, after data showed that US consumer prices eased a hike in July, rising 0.2% last month, the same as the increase recorded in June.

This caused a Initial relief in the markets on Thursdayas some considered the data to diminish another possibility Fed rate hike next month. Investor optimism was tempered by comments from San Francisco Federal Reserve Bank President Mary Daley, who said more needed to be done before feed it She feels confident that she has done enough fight inflation.

Indicator MSCI World Equity It’s losing 0.3% on the day, which is a small weekly decline. and the Asian bags They fell to their lowest in a month and European indices were in the red, with the STOXX 600 down 0.8%.

What’s next for the markets

Investors are waiting US consumer confidence datawhich will be published during the session.

“the inflation numbers They keep sending us a mixed message. Hopefully (today’s data) confirms the message we received yesterday (Thursday), which is a small sigh of relief. economic inflation Ben Ledler, Global Markets Analyst at eToro, said:

According to Laidler, weak data from China is also affecting trust. The numbers on Wednesday indicated a downturn in Chinaraising concerns that we are entering an era of much slower economic growth, similar to Japan’s “lost decades”.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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