Stock markets at half mast following New York

( – The European stock markets are unscrewing this Thursday (-2.2% in London, -1.9% in Frankfurt and Paris), like Wall Street the previous evening (-3.6% on the Dow Jones, -4.7% on the Nasdaq), distressed by the threats to global growth.

‘This morning, the indices bear the brunt of the biggest drop in the US markets for two years. It took two big names in American distribution (Walmart and Target) to sound the alarm for the threat to be taken seriously, ‘underlines Kiplink.

“Wall Street is scared and the rest of the world is also wondering what would be the next sector on the list”, continues the management company, which sees in Tokyo’s decline (-1.9%) proof that the aversion for the risk spreads.

‘In this context, the publication of the ‘minutes’ of the last meeting of the ECB is particularly awaited, the objective being to distinguish signs of an upcoming rate hike, ‘she also warns.

Operators will also be attentive, this Thursday, to a new burst of American statistics, namely the Philadelphia Fed index, then sales of existing homes and especially the leading indicators of the Conference Board.

As for values, they penalize the results unveiled this morning by the airline easyJet (-3% in London), but spare those of the distributor in duty-free areas Dufry (stable in Zurich) and the insurer Generali (stable in Milan ).

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