A slight rise in the session is expected for European stocks and steady for Piazza Affari, following a contrasting close on Wall Street and mixed moves in Asian markets. Traders have to deal with fears of a rapid rise in US interest rates and a sharper-than-expected slowdown in the Chinese economy.
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, warned at a symposium dedicated to Asia about the risks of seeing prolonged confinements in China weigh on the world economy.
Made in China stocks are under pressure this morning, with investors waiting for new support measures in favor of the economy from the Beijing authorities, to face the slowdown caused by the new wave of Covid and the typical zero Covid China policy. , characterized by severe blocking measures. The Shanghai Stock Exchange is down 0.81%, while Hong Kong is worse off with a 1.30% decline.
From the Fed, the Beige Book confirmed that companies still face high inflation and labor shortages, and Mary Daly, president of the San Francisco branch, called the arguments “solid” in favor of an increase in the labor rate. 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, chairman of the Fed, and Christine Lagarde, his counterpart at the Central Bank. (ECB) on the occasion of the spring meetings of the IMF and the World Bank.