A slight rise in the session is expected for the European stock exchanges and flat for Piazza Affari, in the wake of a contrasted closing on Wall Street and mixed movements on the Asian markets. Traders have to contend with fears of an accelerated rise in US interest rates and a more marked-than-expected slowdown in the Chinese economy.
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, warned in a symposium dedicated to Asia about the risks of seeing prolonged confinements in China weigh on the world economy.
Made in China equities are under pressure this morning, with investors waiting for new support measures in favor of the economy from the Beijing authorities, to cope with the slowdown caused by the new wave of Covid and the typical zero Covid policy China, characterized by severe lockdown measures. The Shanghai Stock Exchange is down 0.81%, while Hong Kong is worse off with a decline of 1.30%.
From the Fed, the Beige Book confirmed that businesses are still facing high inflation and labor shortages, and Mary Daly, president of the San Francisco branch, considered the arguments “solid” in favor of an increase in the rate of labor. half a point next May 4th.
The session will be animated by the publications of the quarterly reports of Nestlé, Akzo Nobel and AT&T, among others, but also by the final reading of inflation in the Eurozone and by the interventions of Jerome Powell, president of the Fed, and Christine Lagarde, his counterpart of the Bank Central European (ECB), on the occasion of the spring meetings of the IMF and the World Bank.