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Yesterday’s half-hearted Fed and U.S. Treasury Secretary Janet Yellen statements have shaken Wall Street. European stock markets are also down this morning, but more moderately. Investors are anxiously awaiting monetary policy statements from the Bank of England (BoE) and the Swiss National Bank (SNB), which will be announced later today.
The European stock markets and Wall Street are better oriented today than the indices of the New York Stock Exchange last night … They ended down about 1.6% after a hectic Wednesday.
For their part, this Thursday, the European indices are much less shaken this morning around 08:45 GMT: – 0.05% to 7,127.50 points for the CAC 40, and this after three sessions in the green, while the FTSE 100 is down only – 0.58% in London and the Dax of 0.03% in Frankfurt.
And given the futures on Wall Street, we should also expect this Thursday a rise of 0.5% for the Dow Jones, 0.74% for the Standard & Poor’s 500 and 1.09% for the Nasdaq.
Moving the lines?
But the day is not over, and the statements expected this Thursday from the Swiss National Bank (SNB), the Bank of England (BoE) and the Norwegian Central Bank, could still move the lines. The SNB, which took the initiative last weekend to secure the Credit Suisse buyout, is still expected to raise its rate by 50 basis points, as is the European Central Bank (ECB), according to economists. While it is not certain that the BoE, which had recently indicated that it would not touch its 4% rate, will not change its mind: the situation has indeed changed with an economy that has proven resilient despite a surprise rebound in inflation of over 10% in February.
Hot and cold across the Atlantic
On Wednesday, statements from the U.S. Federal Reserve (Fed) and Janet Yellen, the U.S. Secretary of the Treasury, blew hot and cold, leading to erratic movements on Wall Street. The Fed announced a quarter-point increase in its main key interest rate while indicating that it was only considering one more similar increase in the short term due to the tense financial context.
However, Fed Chairman Jerome Powell also indicated that “the prospect of a rate cut is not on the table this year.” For her part, Janet Yellen, Secretary of the Treasury, further worried investors by declaring during a hearing before the Senate that she was not considering a “blanket guarantee” for all bank deposits in the United States “beyond the current ceiling of $250,000”.
Read also > Stock markets around the world rebound
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Yesterday’s half-hearted Fed and U.S. Treasury Secretary Janet Yellen statements have shaken Wall Street. European stock markets are also down this morning, but more moderately. Investors are anxiously awaiting monetary policy statements from the Bank of England (BoE) and the Swiss National Bank (SNB), which will be announced later today.
The European stock markets and Wall Street are better oriented today than the indices of the New York Stock Exchange last night … They ended down about 1.6% after a hectic Wednesday.
For their part, this Thursday, the European indices are much less shaken this morning around 08:45 GMT: – 0.05% to 7,127.50 points for the CAC 40, and this after three sessions in the green, while the FTSE 100 is down only – 0.58% in London and the Dax of 0.03% in Frankfurt.
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Yesterday’s half-hearted Fed and U.S. Treasury Secretary Janet Yellen statements have shaken Wall Street. European stock markets are also down this morning, but more moderately. Investors are anxiously awaiting monetary policy statements from the Bank of England (BoE) and the Swiss National Bank (SNB), which will be announced later today.
The European stock markets and Wall Street are better oriented today than the indices of the New York Stock Exchange last night … They ended down about 1.6% after a hectic Wednesday.
For their part, this Thursday, the European indices are much less shaken this morning around 08:45 GMT: – 0.05% to 7,127.50 points for the CAC 40, and this after three sessions in the green, while the FTSE 100 is down only – 0.58% in London and the Dax of 0.03% in Frankfurt.
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