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On Friday, the European stock markets were once again down. After a higher than expected inflation in the United States, the CAC 40 is feverishly awaiting the Fed committee meeting.
This morning, the Paris Bourse opened slightly down (-2.17%), at the beginning of a week that will be marked by a probable rate hike by the Fed, the U.S. central bank.
Last week, the Paris Bourse had already fallen by 1.31%.
The other European stock exchanges are also down: -1.66% for Frankfurt, – 0.66% for London and 1.14% for Milan.
A decisive meeting
The event of the week, already expected since the publication last Tuesday of a report revealing rising prices on the American continent, will be the meeting of the Fed’s monetary policy committee.
The U.S. Federal Reserve will have to decide, on Tuesday and Wednesday, on a new increase in its key rates, to prevent inflation from taking hold.
“Not surprisingly, the Fed will raise rates by 75 basis points again,” said Nancy Vanden Houten, an economist at Oxford Economics.
The U.S. central bank had already raised rates in June and July. This is the largest rate hike since 1994. In August, prices for housing, food and new cars continued to rise.
This fight against inflation is likely to result in an economic recession, and therefore a drop in corporate profits.
Read also >After a rebound on Monday, the Tokyo Stock Exchange is cautious towards US inflation
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On Friday, the European stock markets were once again down. After a higher than expected inflation in the United States, the CAC 40 is feverishly awaiting the Fed committee meeting.
This morning, the Paris Bourse opened slightly down (-2.17%), at the beginning of a week that will be marked by a probable rate hike by the Fed, the U.S. central bank.
Last week, the Paris Bourse had already fallen by 1.31%.
The other European stock exchanges are also down: -1.66% for Frankfurt, – 0.66% for London and 1.14% for Milan.
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On Friday, the European stock markets were once again down. After a higher than expected inflation in the United States, the CAC 40 is feverishly awaiting the Fed committee meeting.
This morning, the Paris Bourse opened slightly down (-2.17%), at the beginning of a week that will be marked by a probable rate hike by the Fed, the U.S. central bank.
Last week, the Paris Bourse had already fallen by 1.31%.
The other European stock exchanges are also down: -1.66% for Frankfurt, – 0.66% for London and 1.14% for Milan.
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