Stock markets rose modestly this Thursday, amid anticipation of two major events : the European Central Bank meeting and the release of US inflation figures.
At the opening, the Stoxx Europe 600 index was up 0.1%. In Paris, the CAC 40 and SBF 120 each gained 0.3%, while Frankfurt’s DAX 40 remained close to equilibrium and London’s FTSE 100 rose 0.4%. In Asia, the trend was also positive, with the Nikkei 225 in Tokyo up 1.2% and the Shanghai Composite up 1.7%.
However, despite these gains, investors remain on alert. The session is taking place against a backdrop of considerable uncertainty : US inflation figures, due out this afternoon, could influence monetary policy expectations, as could the ECB’s economic projections. Markets are also digesting signs of weakness in the manufacturing sector in some eurozone economies.
Expectations regarding the ECB
Since the beginning of the year, the European Central Bank has already cut interest rates four times, bringing its key rates down to 2%. And according to the ECB’s latest projections, headline inflation in the eurozone is expected to remain close to 2% on average in 2025, before falling slightly in 2026 and then stabilizing.
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Read also > [STOCK MARKET UPDATE] A tentative rebound for European stock markets
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