Inflation and jobless claims in the United States at a glance


Wednesday was a bearish day for the European majors, with a 4-day winning streak for EuroStoxx600 and DAX30.

The DAX30 was down 0.70%, with the CAC40 and EuroStoxx600 ending the day down 0.27% and 0.11% respectively.

There were no major euro area statistics to provide guidance. In the United States, economic data had a moderate impact as markets digested the latest COVID-19 figures from Europe.

According to WHO, the UK and France have each reported more than 600,000 new cases in the past 7 days. Italy and Spain have each recorded more than 300,000 new cases.


There were no major statistics to give direction to the majors.

The United States

The focus of attention was merchandise trade data, inventories and pending home sales figures.

In November, the US merchandise trade deficit widened from $ 83.2 billion to $ 97.78 billion. Inventories were up in November. Inventories at non-auto retailers rose 1.3% after rising 0.7% in October.

Pending home sales, however, fell 2.2%, partially offsetting a 7.5% jump in October.

Market movers

For the DAX: It was a bearish day for the auto sector on Wednesday. Daimler fell by 1.97%, with Continental and Volkswagen see losses of 1.12% and 1.19% respectively. Bmw ended the day down 0.83%.

It was also a bearish day for the banks. German bank and Commerzbank fell by 1.44% and 1.68% respectively.

From CAC, it was a mixed day for the banks. BNP Paribas decreased by 0.18%, while Agricultural credit and Gen Soc ended the day up 0.14% and 0.43% respectively.

The French automotive sector has seen red, however. Stellantis SA and Renault ended the day with losses of 0.90% and 0.73% respectively.

Air France-KLM also saw red, down 1.24%, with Airbus SE end the day down 1.15%.

On the VIX index

It was a 6e consecutive day in the red for the VIX Wednesday.

After falling 0.79% on Tuesday, the VIX fell 3.36% to end the day at 16.95.

The NASDAQ slipped 0.10%, while the Dow Jones and the S & P500 rose 0.25% and 0.14% respectively.

Edward K. Thompson