Wall Street should start to fall, Europe is treading water

Wall Street is expected to fall on Thursday, in particular the Nasdaq after the disappointing forecasts of Meta Platforms, while the European stock markets are hesitant at mid-session, torn between a surge of contrasting results and the declarations of the president of the US Federal Reserve.

Futures contracts signal a decline of 0.16% for the Dow Jones, 0.22% for the Standard & Poor’s-500 and 0.56% for the Nasdaq.

In Paris, the CAC 40 took 0.07% to 6,262.62 around 11:15 GMT. In Frankfurt, the Dax gained 0.1% and in London, the FTSE lost 0.17%.

The pan-European FTSEurofirst 300 index advanced by 0.41%, the EuroStoxx 50 of the euro zone by 0.2% and the Stoxx 600 by 0.53%.

It reached its highest level in seven weeks in the morning the day after Jerome Powell’s remarks during the press conference which followed a new rate hike of 75 basis points by the Federal Reserve.

While reiterating that the priority is to bring down inflation, the Fed Chairman declined to give indications on the pace of the next rate hikes, this decision depending on the economic data to come, and underlined that it would be appropriate to slow monetary tightening „at some point”.

Ethan Andrews

Learn More →

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.