Europe: stock market decline in the wake of New York – 01/06/2022 at 11:26

(CercleFinance.com) – The European stock markets fell sharply on Thursday (-0.7% in London, -1.1% in Frankfurt, -1.2% in Paris), in the wake of the American equity indices (-1, 1% on the Dow Jones, -3.3% on the Nasdaq) which suffered the day before the minutes of the last FOMC meeting.

‘The publication highlighted offensive points to remember, with Fed policymakers starting to discuss policy normalization and consider rate hikes’ earlier or at a faster pace ‘than initially expected,’ recalls Wells Fargo.

The bank adds that the growing expectation of a possible earlier-than-expected tightening of Federal Reserve policy has been bolstered by a robust ADP labor market report.

On the statistics front in Europe, the composite PMI index of global activity in the United Kingdom finally stood at 53.6 for the month of December 2021, against 53.2 in flash estimate, and down compared to a level of 57.6 for November.

After falling 5.8% in October 2021 from the previous month, German industrial orders rebounded 3.7% in November, to stand 6.6% above their level of before the coronavirus pandemic in Germany.

Finally, Eurostat announces that factory entry prices in the euro zone rose 23.7% over one year in November, an increase of around one point higher than that expected on average by economists.

In the news of stocks, in Paris, ALD wins 6% after a memorandum of understanding for the acquisition of LeasePlan by the mobility services group, while Coface slips 9% following Natixis’ decision to sell its stake in the credit insurer.

– .