(CercleFinance.com) – The European stock markets are losing ground (-0.5% in London, -0.2% in Paris and Frankfurt), in the wake of Wall Street the day before (-0.8% on the Dow Jones) after the conclusion of the Fed’s Monetary Policy Committee (FOMC) meeting.
‘For the first time, a majority of meeting attendees expect key rates to hike as early as 2023, suggesting that the Fed is speeding up its policy normalization schedule due to growing price risks,’ Commerzbank said.
Also in the United States, the weekly entries for unemployment benefits and the activity index of the Philadelphia Fed, then the composite index of leading indicators from the Conference Board, must still appear this afternoon.
Meanwhile, the euro area’s annual inflation rate stood at 2.0% in May, compared with 1.6% in April, and that of the European Union, at 2.3% against 2.0. %, according to Eurostat, which thus confirms its rapid estimate for May in the euro zone.
In the news of values, Commerzbank gained more than 3% in Frankfurt, the day after decisions to ensure to its management board continuity and long-term stability for the profound transformation of the bank.
BMW advances by 1% while the German car manufacturer announces to make the recycling of certain raw materials – like tungsten – a particular axis of its strategy of sustainable development.
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