The jump in US inflation causes the stock exchanges to skid

Fears about inflation cause global stock exchanges to skid. After the decline of Wall Street, the morning in Europe is full of sales. The Ftse Mib index loses more than 2 percent: among the worst securities Banca Generali (-4.1%), Stellantis (-3.45%) but the drops that weigh the most, by value, are those of Intesa Sanpaolo (-2.9%), Unicredit (-2.5%), Eni (-3.04%) and Enel (-1.5%). Awakening in decline also for the Dax in Frankfurt which drops 1.2% and the Cac40 in Paris which leaves over a percentage point on the ground. The FTSE 100 in London also fell by 1.5 percent. With US inflation rising 4.2% in April, the highest rate in 13 years, the fear of a Fed tightening is spreading among investors with the June meeting already that could mark a turnaround and the ‘start of the so-called tapering. “The much anticipated US inflation data for April turned out to be significantly higher than forecasts across the board. This will raise expectations of an early tightening of the Fed’s monetary policy, an increase in long-term bond yields and an acceleration of investor rotation from the technology sector to cyclical and value stocks, ”said Ben Laidler, eToro Global Markets Strategist. . “It is also likely – he adds – that we will see greater uncertainty and market volatility, especially after the double-digit equity gains already seen this year”.