We are already in September and after a little quiet summer for the variable rental markets next to a debt that seems to continue growing and growing, we have seen how in August the European Stock Exchange recorded losses close to 5%, in addition the fixed income was pressured by the messages that the European Central Bank and the Federal Reserve in Jackson Hole launched where they have recognized that the rises of types necessary to stop the inflation will bring the inflation Short -term World Cup.
Despite all this, the US market created about 315 thousand jobs in August, this in line with consensus estimates of analysts, where despite implying a slower growth, since the previous month about 500 thousand jobs were created, it can be seen that there is a growth in the economy and it seems that it is gradually slowing inflation, although it is still down.
This soft slowdown in the growth of employment in the United States adds to other recent data where it can aggressively ”.
USE IN USA Inject an oxygen ball into the bags
Etoro’s Callie Cox analyst comments that employment data “are not enough for Fed to see their work done. In the past, the Federal Reserve has considered the salary growth of 4% annual as the criteria of an overheated economy. Right now, wages continue to grow about 6%.”
On the other hand, European stock markets have been infected with the optimism of the United States, doing this that the DAX bounced 3.3% while the Stoxx 50 euro advanced 2.5% and he cac 2.2%, gains that despite being slightly low, supposes, in the case of the German variable rent, they were favored by the expectation of the reopening of the reopening of the gas pipeline Nordstream 1.
The evolution that the bags have had had to mitigate slightly the falls of the balance of the last five sessions in Europe, where the largest cut that was seen was for the CAC which yielded 1.7% while the Euro Stoxx cut was cut in 1.6%. This still maintains the debate on whether or not a recession to the Eurozone will arrive, Bank of America has improved its estimates based on a technical recession between the 4th quarter of this year 2022 and the first of 2023 through the rationing of the gas, but “However, the most important thing is that we think that the crisis of energy prices and the persistent uncertainty of the supply will weigh on the whole of the euro zone Growth trajectory until well into the year 2024 ”.