(CercleFinance.com) – The European stock markets are gravitating close to their balances this Thursday (-0.1% in London, Paris and Frankfurt), operators seeming to hesitate to follow the still favorable dynamic observed on the other side of the Atlantic the day before.
‘The market remains on a strong upward trend since the end of October thanks to optimistic sentiment,’ noted Vikas Lakhwani, chief revenue officer at CPT Markets, on Wednesday, who highlighted the peaks reached by the Nasdaq and the S&P 500.
‘Despite the low volumes typical of the holiday period, performance remained generally positive and expectations of anticipated rate cuts in March could continue to boost market sentiment and performance,’ it continued.
‘If the risks weighing on American stocks in 2024 have receded thanks to the fall in inflation, macroeconomic uncertainty remains high and should prevent a vigorous recovery in 2024’, however, we estimate at BNY Mellon IM.
In terms of macroeconomic data in Europe, we will only note that retail sales in Spain increased by 0.9% in November compared to the previous month, according to volume data and adjusted for seasonal and calendar variations.
In stock news, Bayer appears to be more or less stable in Frankfurt, the day after a decision by the American courts which ruled in favor of the German chemical group in a dispute concerning its herbicide Roundup.
2023-12-28 10:30:00
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