(CercleFinance.com) – The European stock markets posted moderate gains (+0.2% in London, +0.3% in Frankfurt and Paris), as the publication of the major statistics of the week approaches, at namely inflation in the United States in August, for which the consensus expects a slowdown.
‘The ‘peak’ of inflation has surely passed but it is too early to anticipate a change in strategy by American central bankers,’ said Aurel BGC on Monday. ‘However, this observation could fuel the risk appetite of investors in the financial markets.’
Focused on this question, the operators hardly reacted to the announcement during the morning of the fall of the ZEW indicator of the economic climate for Germany, from 6.6 points to -61.9 in September.
“The prospect of energy shortages in winter has made expectations even more negative for much of German industry. In addition, growth in China is evaluated less favourably,” explains Achim Wambach, president of the ZEW institute.
Another data from Germany, the annual inflation rate was confirmed at 7.9% for the month of August, after 7.5% in July, a rise in prices ‘always carried by that of energy prices and foods’, according to Destatis.
In the news of values, UBS is up 1% in Zurich after the financial establishment announced its intention to better remunerate its shareholders, in particular through an increase in its annual dividend.
Ocado Group loses more than 10% in London, after the launch by Ocado Retail, its joint venture with Marks & Spencer, of a profit warning on the occasion of a point of activity under its third accounting quarter.