The central banking meeting in Jackson Hole in the US state of Wyoming began this Thursday. According to market observers, it will be particularly exciting for investors on Friday with the speech by US Federal Researcher Jerome Powell. A interest rate reduction in September is hoped for. A small step of 0.25 percentage points downwards is now considered priced at the financial markets.
Powell should not disappoint the expectations of a signal for a first interest rate in September, wrote chief economist Michael Heise from the asset manager HQ Trust. The majority of two small interest steps would still be expected for 2025. It is important for the reaction of the stock markets “whether the members of the Offenmarkt Committee take their interest expectations down for 2026 and if so, how strong”. Heise assumes monetary political loosening signals after two members had already spoken out for interest in the past session.
According to S&P Global, the US industrial production grew as quickly as it has not been as soon than three years because of a stronger demand in August. The expectations were exceeded, also with the jump over the expansion threshold. In addition, data on the house market was strong. Instead of an expected decline, the sales of existing properties increased in July.
With a view to the individual values, the shares of Walmart fell 4.5 percent in the Dow Jones. Neither a surprisingly good quarterly turnover nor the forecast for the annual proceeds raised could support the papers that remove not far from the record high. JPmorgan had already expected this and referred to the reported profit per share. This did not achieve the analyst consensus under the influence of security measures.
In the second series of stock exchanges, Coty was noticeable with a course of the course of 21.6 percent. The cosmetics group reported the clearest decline in sales for the past quarter for more than four years. Analysts had expected negative development, but were surprised by their extent. The further decline for the current quarter was also more violent than feared.
