(AOF) – European equity markets ended up timidly pending the conclusions of the symposium of central bankers tomorrow in Jackson Hole, United States. The CAC 40 fell 0.08% to 6,381.56 points, while the Euro Stoxx 50 gained 0.12% to 3,671.96 points. On Wall Street, the Dow Jones gained 0.4% and the Nasdaq, more than 1%.
In the economic chapter, the news was rather good this morning in Germany. German GDP grew in the second quarter of 2022 by 0.1%. Economists had forecast zero growth after the 0.2% rise recorded in the first quarter. Over one year, German growth rose by 1.8% against a consensus of +1.5%. In addition, the IFO business climate index came out in August at 88.5. Economists were expecting 86.8 after 88.7 in July (revised from 88.6).
In the United States too, the figures of the day revealed “good surprises”. Thus, 243,000 new weekly jobless claims were recorded. Economists had forecast 253,000 after 245,000 (revised from 250,000) the previous week. Above all, the contraction in US GDP has been revised downwards in the second quarter of 2022. GDP fell by 0.6% against a first estimate of -0.9%. Economists were expecting -0.8%.
But investors await with interest the conclusions of the central bankers’ symposium tomorrow in Jackson Hole, USA. Many, in fact, believe that the major central banks have taken too long to want to curb inflation, which they wrongly considered to be transitory.
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