This morning, the Paris Bourse continued the rebound it began at the end of yesterday's trading session, gaining 0.7% to 7325 points, as optimism seemed to prevail following recent data showing that inflation in the United States is easing.

Still reeling from the sudden air pocket they experienced in the second half of July, investors are hoping to find some respite today, with a number of economic events on the agenda.

Following yesterday's reassuring producer price figures in the US, investors are awaiting the US consumer price index (CPI) for July at 2.30pm this Wednesday.

The 'core' index excluding food and energy, the one most closely followed by the Federal Reserve, is expected to hold steady at 3.3% year-on-year, which should not prevent the Fed from cutting its key rates next month.

In view of the concerns surrounding the possibility of the US economy falling back into recession, markets are likely to turn their attention tomorrow to US retail sales figures, which could prove decisive for the markets.

According to strategists, any figure indicating that the economy is not heading for recession, but rather for a soft landing, will be a calming factor for the markets in the weeks ahead.

In this respect, tomorrow's results from US retail giant Walmart will be eagerly awaited, and could once again brighten the markets' horizon.

With this in mind, last week's all-out sell-off on Wall Street came to a halt yesterday, thanks to a number of cheap buybacks in technology stocks, particularly those linked to AI.

As a result, the Dow Jones gained more than 1%, the S&P 500 jumped around 1.7% and the Nasdaq Composite gained more than 2.4%.

While there is no sign that the volatility episode is over, the last few sessions have been much calmer, as illustrated by the fall in the VIX index, down to 18.1 yesterday after peaking at 59 ten days ago.

In Europe, too, market participants are hoping that the forthcoming economic indicators will help to ward off the prospect of a possible return to recession.

In the meantime, this morning the markets took note of a 2.3% year-on-year rise in consumer prices in France in July, a slight increase on June's +2.2% annual rate, according to Insee, which thus confirms its provisional estimate for last month.

In the UK, the consumer price index (CPI) rose by 2.2% in the 12 months to July 2024, an annual rate up 0.2 points on the previous month, according to the Office for National Statistics.


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