Eyes on the United States again this Tuesday, for a crucial meeting for the Stock Exchange, the publication, at 2.30 pm, of the evolution of consumer prices in the United States for the month of August. The Fed’s determination to contain inflation is strong and the central scenario calls for a further 75bp hike in key rates at the September 20-21 meeting.
The Bloomberg consensus predicts that consumer prices will rise 8% in one year in August, up from 8.5% in July. Net of volatile elements, ie net of food and energy, inflation should in any case remain strong, at 6.1%, and accelerating compared to 5.9% the previous month.
” The high point was 9.1%, recalls the Oddo BHF company. The main reason for this decline comes from the prices at the pump. The average price of a gallon of gasoline hit a record high of $ 5 in June, rising to $ 4.7 in July and $ 4.1 in August. The decline continues for the moment near $ 3.7. The research company points out that ” the Fed is also relieved but cannot bet everything on the development of the oil market, given the geopolitical uncertainties. Excluding petrol, the price trend is more contrasting. “
Sentiment from analysts in Germany is set to deteriorate further
Before this big meeting, we will have learned, in the morning, the definitive data on inflation in Germany for the month of August. At 11am, the ZEW Economic Sentiment and Financial Analysts Index is expected to deteriorate further for August, to -60 points, up from -55.3 points a month earlier. The component of the current situation should fall from -47.6 to -52.1 points.
On the business side, Clasquin, Fleury Michon, Groupe Crit, Groupe Partouche and Onxeo present their half-year results. Internationally, we take note of the Twitter general meeting to decide on the proposed acquisition of Elon Musk.
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