(CercleFinance.com) – Aside from London (-0.4%), European markets posted gains this Friday (+ 0.4% in Frankfurt, + 0.6% in Paris), encouraged by the rally the day before Wall Street stock indices under the pleasant surprise of US inflation data.
In fact, the consumer price index in the United States increased by only 7.7% in October compared to the same month in 2021 (+ 6.3% excluding energy and food), its lowest annual rate since last January. .
“The evidence is mounting that inflation has peaked and is now falling,” Commerzbank reacted Thursday afternoon, adding that “the Fed’s next rate hike should therefore be more modest.
“The surprisingly low US inflation data, combined with comments from the Dallas and Philadelphia federal presidents that the pace of rate hikes must moderate,” Liberum added this morning.
London, however, remains on the sidelines of the favorable market trend while UK GDP was announced to be down 0.2% in the third quarter of 2022, with a 0.6% decline in September alone, due to the funeral of Elizabeth II.
In values news, Richemont jumped nearly 13% in Zurich, following the publication by the luxury group – owner of the Cartier and Van Cleef & Arpels brands – of a 40% increase in net profit in the first half of the year. .
Another value encircled this Friday, ASML surged more than 14% in Amsterdam, the semiconductor industry equipment maker unveiled better-than-expected 2025 targets on Thursday evening on its investor day.
