While waiting for inflation figures in Germany, stocks may continue to rise. The Eurostoxx 50 opens at 3,335.30 points (+0.20%), the CAC 40 at 5,765.01 points (+0.19%), the DAX 40 at 12,183.28 points (+0.36%), the FTSE 100 at 7,005.39 points (+0.30%), the SMI at 10,220.76 points (+0.93%), the AEX at 641.09 points (-0.25%)), the BEL 20 at 3,387.62 points (-0.10%), the IBEX 35 at 7,442.20 points (-0.05%), the DJIA at 29,683.74 points (+1.88%), the Nasdaq at 11,051.64 points (+2.05%), the S&P 500 at 3,719.04 points (+1.97%) and the Nikkei 225 at 26,450.31 points (+1.06%)

With regard to exchange rates, the change since the close mentions that in New York, EUR/USD is at 0.9689 (-0.48%), EUR/JPY at 140.01 (-0.21%), USD/JPY at 144.52 (+0.27%).

Accor raised its gross operating surplus (EBITDA) target for 2022 on Wednesday evening, now expected to between 610 million and 640 million euros. The hotel group had announced that it would exceed 550 million euros. The hotel group had previously announced that it would exceed 550 million euros. The upward revision is linked to better prospects for its hotel owner services business, which includes sales, marketing, distribution, and loyalty.

In the first half of the year, nursing home and clinic operator Orpea recorded a net loss of 269 million euros compared to a profit of 102 million euros a year earlier, the Orpea group reported depreciation and provisions amounting to 333.2 million euros, compared to 268.7 million euros last year at the Even P& eacute; riode, on the occasion of the publication of its consolidated results for the first half of the year.

On Thursday, September 29, 2022, in the first few exchanges, the main European equity indices are expected to continue their rise in a context that is still tense and volatile on the financial markets. Concerned about inflation, central bank interest rate hikes, and their consequences for economic growth, investors are watching inflation figures in Germany, as well as the latest estimate of U.S. gross domestic product (GDP) in the second quarter.

According to data from the IG Markets broker, the CAC 40 futures contract rose by 9.3 points, or 0.2%, at 7:40am. The FTSE 100 contract won 13.3 points, or 0.2%, and the DAX 40 contract won 39 points, or 0.3%. According to economists' forecasts, consumer prices in Germany should have risen at a record pace of 10.2% over one year in harmonized data in September, after 8.8% in August. Over a month, inflation is expected at 1.5%.

After the Bank of England (BOE) intervened to bring order to the bond market, Wall Street ended sharply higher on Wednesday 28, supported by the relaxation of bond rates. The Nasdaq Composite gained 2.1%, the Dow Jones Index gained 1.9%, and the S&P 500 expanded index gained 2%. As part of the rise of Wall Street, equity markets are moving in the green in Asia. As the Hang Seng in Hong Kong and the Shanghai Composite gained 0.3%, the Nikkei index on the Tokyo Stock Exchange gained 1% at the end of the session.

After suffering their biggest single-session drop in several years in New York on Wednesday 28, US Treasury bond yields recovered the following morning.

After the Bank of England took emergency measures to bring order to the British bond market, yields in the United States and Europe fell sharply on Wednesday 28. Ahead of the BOE's announcements, 30-year British sovereign debt yields fell to 4.09% on Wednesday from over 5%. According to Rabobank, the evolution of gilts “is unprecedented and recalls the brutal fluctuations of the debt crisis in Europe.”

The euro fell against the dollar again, supported by a rebound in US Treasury bond yields. The single currency lost 0.7% to $0.9672 at 7:40 a.m. According to DBS Group Research, it is difficult for markets to turn against the dollar without a reliable alternative currency when real US rates remain negative.

Oil futures are falling. According to analysts at Sevens Report Research, “the dominant trend is currently bearish.” However, they still believe that the market will stabilize soon, with supply remaining tight despite the slowdown in global growth. Scheduled for next week, operators are now waiting for a meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies. The November contract for light sweet crude (WTI) listed on Nymex fell 45 cents to $81.69 per barrel while the North Sea Brent contract at the same time lost 52 cents to $88.80 per barrel.