World stock markets are generally on an upward trend on Friday, benefiting from their rebound the day before after several gloomy sessions this week, and are awaiting the publication of inflation indicators in the euro zone and the United States.
In Asia, the flagship Nikkei index of the Tokyo Stock Exchange ended in balance, with investors avoiding risk-taking before the publication of American data.
Hong Kong, for its part, jumped by 2.9% in the latest trading, supported by cheap purchases and by hopes of strong consumption as Golden Week begins on Sunday, a week of vacation which many Chinese take advantage of to travel.
In Europe, the mood was on the rise. After opening in the green, the main stock market indices advanced: around 07:55 GMT, Paris gained 0.71%, Frankfurt 0.64% and London 0.75%.
Investors on the Old Continent are awaiting the publication, at 09:00 GMT, of the euro zone consumer price index for the month of September, the day after reassuring data on inflation in Germany, Europe’s leading economic power.
According to the statistics institute Destatis, inflation in Germany fell to 4.5% year-on-year in September, at its lowest point since the start of the war in Ukraine in February 2022 and after an unprecedented series of increases in inflation rates. interest of the European Central Bank.
“The European Central Bank having raised its rates by 25 basis points two weeks ago, the governors hope that inflation, still at high levels, will continue to ease”, in a context where “the economy continues to show worrying signs of stagnation”, he continues.
Across the Atlantic, the American PCE price index for the month of August is due to be published at 12:30 GMT. This is the Federal Reserve’s (Fed) preferred measure of inflation.
The data will “probably reflect the rise in gasoline prices”, which have recently moved at particularly high levels, underlines Ipek Ozkardeskaya, analyst at Swissquote Bank.
Furthermore, the political situation in the United States is also attracting the attention of investors, while “there has not been much progress in the negotiations aimed at avoiding a shutdown” – paralysis of the federal state budget – continues the analyst.
This shutdown could begin as early as Sunday if elected representatives in Congress cannot agree.
Sportswomen accelerate
Stocks in the sports sector benefited from the good results posted by Nike in the quarter ending at the end of August.
In Frankfurt, Adidas gained 5.35% and Puma 5.54%.
Commerzbank wanted
Commerzbank jumped more than 8% in Frankfurt after its announcement Thursday evening that it wanted to better involve its shareholders in its future profits, which were also expected to increase, whether thanks to better dividends or share buybacks.
Oil and dollar take a break
Oil prices were attempting to calm down, after a week of strong increases.
A barrel of Brent from the North Sea for delivery in November dropped 0.21% around 7:50 a.m., to $95.18.
As for the barrel of American West Texas Intermediate (WTI) of the same maturity, it remained in balance (+0.04%), at 91.75 dollars.
The dollar was weakening against the euro after having, the day before, come close to its highest level of the year reached at the beginning of January. The note fell by 0.39% against the single European currency, to 1.0607 dollars per euro.
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2023-09-29 08:16:37
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