Inflation in Germany and a few other numbers on the menu this Tuesday at the stock exchange

Posted January 2, 2023, 3:56 p.m

Activity resumed slowly on Tuesday with the re-opening of the Asian, UK and US markets and some numbers on the agenda.

We will especially at the beginning of the afternoon take note of the figures forinflation in Germany, the first to be presented in December. They off unemployment across the Rhine, for the same period, will have been announced shortly before Consumer prices should have fallen slightly, with an increase reduced from 11.3% to 10.2% over a year and according to harmonized data from the EU. Over a month, they should have fallen by 0.8%.

Extreme vigilance at the ECB

The energy crisis has lessened in intensity recently, analyzes Oddo BHF’s research office. Gasoline prices at the pump fell about 10% in December. The inflation rate should fall back from recent levels (…) However, the ECB remains extremely vigilant as prices of services show no signs of moderating. Before the Eurozone figures on Friday, we also have to follow inflation in France and Italy. ยป

Also on the menu for this session are new statistics on developments in economic activity. They will worry China with the indices Caixin purchasing managers in the manufacturing sector, then their counterparts PMI S&P CIPS in the UK at 10:30 and S&P PMI in the US at 3:45 p.m. Note also, across the Atlantic construction costs November at 4 p.m. They should have fallen a further 0.4% after a 0.3% drop in October.

On the business side, the property Argan unveils its 2022 billings.

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