Europe: Stock markets in decline following New York

(CercleFinance.com) – The European stock markets gave up a little ground (-0.4% in London and Paris, -0.1% in Frankfurt) this Tuesday, in the wake of Wall Street which ended Monday’s session slightly in the red (-0.2% for the S&P500).

‘In the immediate future, the markets are taking a breath to digest four positive weeks, thanks to the optimism of operators regarding monetary easing by central banks in 2024’, notes the management company Kiplink Finance.

According to her, however, ‘consumer resilience and tensions in the labor market are leading investors to believe that even if the Fed has reached the end of its tightening cycle, it could maintain its restrictive policy for longer than expected’.

With a view to the next monetary policy decisions of the Fed and the ECB scheduled for mid-December, operators should be attentive to inflation data in the United States (PCE index) and in the euro zone this Thursday .

In the meantime, on the front of today’s statistics, household confidence in France improved in November, given the INSEE synthetic indicator which increased by three points to 87, but thus remained well below its long-term average.

In stock news, easyJet is up nearly 3% in London, the second European ‘low-cost’ airline having returned to profit in its financial year ended at the end of September, thanks in particular to a ‘record’ performance during summer.

Novartis appears to be more or less stable in Zurich, despite an increase by the health group in its forecasts for average annual growth in turnover in the medium term, during an investors’ meeting in London.