Paris ends on an increase of 0.75% and London of 0.81%, boosted by raw materials, while Frankfurt grabs 0.43%. In Zurich, the SMI fell by 0.31%.
The stock markets confirmed their rise on Wednesday after the publication of inflation in the United States, at a rate unprecedented since 1982 but in line with expectations.
The New York Stock Exchange lost some gains compared to the first exchanges but remained in the green: the Dow Jones advanced by 0.10%, the Nasdaq by 0.50% and the S&P 500 by 0.30% around 5:40 pm GMT.
In Europe, Paris took 0.75% and London 0.81%, boosted by commodities, while Frankfurt gained 0.43%. In Switzerland, the SMI closed down 0.31%.
The bond market continues to trend lower rates, with the 10-year US bond market standing at 1.71%. This is less than its peak hit on Monday (1.80%), but still significantly higher than its level at the end of December (1.40%).
Consumer prices in the United States climbed 7.0% over the year 2021, registering their largest increase since June 1982. The data came out on the whole in accordance with the consensus of economists.
“The stock markets were not really impressed by the 7% inflation in the United States in December,” summarizes Konstantin Oldenburger, CMC Market.
In addition, in December alone, inflation slowed compared to November, to 0.5% against 0.8% in November.
These elements help allay fears of a sudden tightening of US monetary policy, as US President Joe Biden and Fed President Jerome Powell have identified inflation as a major concern.
“The market is giving the Fed the benefit of the doubt, for now,” said Chris Zaccarelli, head of investment strategy for the Independent Advisor Alliance, with investors believing in the institution’s ability to respond adequately. to this surge in prices without penalizing the job market or stock market indices.
Oil at its highest in two months
US crude oil trade reserves fell much more than expected last week, according to figures released by the US Energy Information Agency (EIA) on Wednesday, prompting prices to rise again. .
At around 5.30 p.m. GMT, the price of a barrel of North Sea Brent due in March rose 1.48% to 84.96 dollars.
In New York, a barrel of West Texas Intermediate (WTI) for February delivery gained 1.97% to 82.83 dollars.
BP was up 3.21% to 381.45 pence and Shell 2.73% to 1,806.40 pence. In Paris, TotalEnergies gained 3.07% to 49.06 euros.
The increase was even more marked for the mining companies. Eramet soared 6.72% to 81.75 euros and ArcelorMittal 6.50% to 32.59 euros in Paris. In London BHP (+ 4.46% to 2375.00 pence), Antofagasta (+ 7.49% to 1.442.50 pence) or Glencore (+ 3.47% to 401.25 pence) were not rest.
On Wall Street, Cleveland-Cliffs took 2.64% to 22.79 dollars and US Steel 3.16% to 25.16 dollars.
Tech continues to rise
Illustration of the renewed appetite of investors for growth stocks, in particular due to the fall in rates on the bond market, Capgemini took 2.60% to 203.3 in Paris, SAP 0.46% to 122, 26 euros in Frankfurt e Microsoft rose 1.25% in New York.
Euro and bitcoin on the rise after inflation
The euro rose above the $ 1.14 threshold on Wednesday for the first time since November. It gained 0.64% to 1.1440 dollars around 5:40 p.m. GMT, accelerating since the publication of US inflation.
Bitcoin also rose after this indicator, to $ 43,720 (+ 2.43%).