CAC 40 wants to believe that inflation in the United States has peaked

CAC 40 wants to believe that inflation in the United States has peaked


and Bedrooms 40 he was not impressed by US inflation data on Friday. In April, the PCE index, a popular inflation barometer of the US Federal Reserve, rose by 6.3% in one year and 4.9% measured in kernel, except food and energy. The numbers are still very high, but still reflect a slowdown, the PCE index rose by 5.2% kernel more than a year in March. For some, the peak of inflation may be close. In addition, the PCE index rose by only 0.2% in one month, compared with 0.9% between February and March.

The slowdown in monthly inflation also means that with nominal growth of 0.4%, incomes are rising again in real terms, ending a series of successive monthly declines that have lasted for almost a year. This should help households recover their savings for the rest of the year », Analyzes Michael Pearce, chief US economist at Capital Economics. In April, households plunged into their nests to continue shopping, which is unsustainable in the long run, but allows for a short-term increase in personal spending of 0.9% in April.

In the stock market, the CAC 40 accelerated after the release of US inflation and remained unmoved by the announcement of a decline in the morale of US households – the University of Michigan index fell to 58.4 in May after 65.2 in April. The Paris index ends with a further increase of 1.64% to 6,515.75 points in trading volumes of 3.5 billion euros. In five days, the main barometer of the Paris Stock Exchange shows a gain of 3.67%, which is the most since the week ending March 18. Across the Atlantic, three indices Dow Jones, Nasdaq Composite and S & P500 are about to end their bear series with gains of around 5%.

Maisons du Monde in disarray

To surprise, this is a surprise! Decoration and furniture brand Houses of the world on Thursday night, it launched a warning about its 2022 results after confirming its goals a few weeks ago. The problem is inflation, which weighs on households’ wallets, and the disruption caused by imprisonment in China. From now on, the group counts on ” medium single digit decline »Revenues, Ebit margins of« 5% or more (previously 9%) and a free cash flow of between 10 and 30 million euros. On the stock market, the stock fell by 26.91%.

Finally, JCDecaux decreased by 0.72%, penalized by the deterioration of JPMorgan. The broker moved from the “neutral” to the “underweight” title of the outdoor communications group, reducing its target price from 22.7 euros to 16.8 euros.


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