The data onUS inflation, which worried the markets so much in the morning, makes the international stock exchanges smile in the early afternoon. In August i consumer prices in the United States, they were up 0,3% from July. A growth below expectations (equal to +0,4%) and also lower than the rise recorded in July (+0,5%). The "core" figure, excluding the prices of food and energy, instead recorded a rise of 0,1% against forecasts of +0,3%. On an annual basis, the general increase is equal to +5,3%, below the 5,4% of the previous two months, the core is equal to +4%. Analysts had expected increases of +5,4% and +4,2%.
The news on US inflation pleases investors who are now focusing on the meeting of the Federal Reserve scheduled for next week, Wednesday 22 September. Indeed, the below-expected rise in consumer prices could convince the Fed a postpone the start of tapering, expected in November.
Immediately after the publication of the data, the futures of Wall Street they turned positive and at the opening the three main indices are on the rise: +0,2% for the Dow Jones, +0,24% for the S&P 500, +0,37% for the Nasdaq.
The European stock exchanges also find conviction, with the Ftse Mib wearing the pink jersey with an increase of 0,76% to 26.122 points. You also buy ad Amsterdam (+ 0,6%), Frankfurt and Madrid, both at 0,2%. They stay behind Paris (-0,2%), weighed down by luxury, e London (-0,1%).
