Weak US inflation boosted market sentiment

Posted November 10, 2022, 5:43 PMUpdated November 10, 2022, 5:49 PM

And pan within the beak to those that thought the consensus underestimated US inflation in October. Data launched earlier within the afternoon confirmed that the drop in costs was better than anticipated: after 8.2% in September, annual inflation fell to 7.7%, its slowest tempo since January. within the knowledge unique, ie excluding gasoline and meals, costs of products and providers rose 6.3% in October, up from 6.6% in September and the 6.5% anticipated by consensus. For the month, the CPI core index rose simply 0.3%, down from 0.6% in September. Be cautious, nevertheless, as the tactic used to calculate well being prices can barely distort the studying of the statistics.

In the inventory market, this determine warmed the hearts of buyers, to drive the purpose Bedroom 40 Crossed the symbolic threshold of 6,500 factors on the shut. The Paris index ended up 1.96% at 6,556.83 factors on an enormous transaction of round 5 billion euros. throughout the atlantic, Dow Jones 3.1% climb and Nasdaq Composite, with a robust technical element, grew 6.1%. We have a little bit of a way of reviving the August state of affairs, when the moderation in US inflation in July gave monetary markets a lift.

For Paul Ashworth, chief North American economist at Capital Economics, these figures will not be sufficient to persuade the US Federal Reserve to desert its aggressive stance within the brief time period. ” But we count on this to mark the start of an extended inflationary development that we consider will persuade the Fed to finish its tightening cycle early subsequent 12 months, with key charges peaking between 4.50% and 4.75%, earlier than beginning to reduce charges once more. . End of 2023 “, he added.

Bad day for teleperformance!

In phrases of values, Teleperformance This darkish day of November 10, 2022 will lengthy be remembered Call heart supervisor titles have been suspended from buying and selling on the finish of the day after falling almost 34% The French group is underneath investigation by Colombia’s labor ministry for violating commerce union rights and is investigating the working circumstances of workers accountable for controlling the TikTok community. At the start of the afternoon, in a press launch, the administration, assured in regards to the outcomes of the management, indicated that it’ll purchase again its personal shares within the quantity of 150 million euros after this fall within the inventory market. .

Also down, however to a lesser extent, Agricultural loans Down 2.52%, after asserting a pointy rise in threat prices and sooner progress in bills in comparison with earnings.

Surrounded by luxurious and know-how

Conversely, Eng elevated by 3.95%. The vitality company revealed sharply increased outcomes for the primary 9 months of 2022, marked by a leap in vitality costs in opposition to the backdrop of the struggle in Ukraine, and considerably revised its forecasts for the entire train. For its half, metal producers ArcelorMittal (+2.56%) posted better-than-expected third-quarter income, as value cuts and vitality financial savings offset weaker demand.

Finally, delicate to rate of interest modifications, know-how corporations have been sought, e.g Dassault Systems (+7.72%), STMicroelectronics (+7.8%) or world line (+7.02%). Similarly for luxurious values ​​(LVMH, Kering And Hermes), extremely valued within the inventory market, elevated between 3.87% and 5.87%.

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