The market is navigating between the pitfalls of inflation and lower growth

Equity markets continue to decline, particularly tech. stocks: the Nasdaq fell by more than 2% yesterday and is down more than 7% from its early September highs. Inflationary fears were boosted yesterday by the surge in oil prices, so that the US 10-year yield rose above 1.50%, before easing again as concerns about growth took over. Caught between inflation and moderating growth, the markets have entered a period of increased volatility.

EnergyScan economics news

After a rise to 1.1640 that was difficult to explain yesterday, the EUR/USD exchange rate returned to around 1.16.

French industrial production grew more than expected in August (+1% mom), notably thanks to the automotive sector, whose activity nevertheless remains 20% below its pre-crisis levels. Today, we are still waiting for the PMI and ISM in services, the US trade balance and producer prices in the euro zone.

Share this news :

You might also read :

ES-gas
February 4, 2022

Bulls keep control of European gas hubs

The combination of a further drop in Russian gas imports at Velke Kapusany (-10 mm cm/day), prospects of a drop in temperatures by the end…
ES-economy
June 16, 2021

Waiting for the Fed

Apart from the continued increase in oil prices, the market is fairly calm. The Fed meeting ends today with its traditional press release and Mr.…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

🏆 You like our solution ?

Vote for us at the 2024 Energy Risk Commodity Rankings, in the Research category!

Thanks in advance.

Don’t have an account yet? 

[booked-calendar]