US stocks have had the worst week since June

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The U.S. currency ended its worst week of nearly three months on Friday as new concerns over inflation add hope to the resilience of central banks in the financial markets.

The S&P 500 fell 0.8% in New York while the highly targeted Nasdaq Composite fell 0.9%, both indicators showing a weekly fall of 1.6%, their worst performance since mid-June.

Consumer confidence was shaken on Friday as data showed US company prices rose 0.7% in August, surpassing 0.6% for economists.

Ian Lyngen, a dividend maker at BMO Capital Markets, says the financial census has strengthened “concerns over inflation” as the market volatility caused by the Covid-19 epidemic continues.

Jorge Garayo, the global leader on inflation at the Société Générale, said: “The market is beginning to speculate that perhaps 2022 will be the year in which inflation will rise.”

“I have not seen anything that can assure me that such disruptions will be eliminated,” Garayo said, pointing to a reduction in everything from computer chips on cabinets Caused by the cessation of coronaviruses in Asian manufacturing countries.

US government debt has been sold, taking yields over 10 years of Treasure recording a 0.04 percent increase to 1.34%. Yields move against the price.

In Europe, huge debts were no longer favored, just one day after the central bank reported it’s “a little” slowly loan purchase under its € 1.85tn fundraising program.

Yields on the 10 German Bund – the protected eurozone – rose 0.03 to 0.33%, while the corresponding yield in Italy jumped in the same direction to 0.7%.

Christine Lagarde, President of the European Central Bank, indicated that the purchase of bonds could continue in another direction by 2022, saying “there is still a way to go about the economic collapse caused by the epidemic”.

The ECB’s move was a “symbolic move to the future,” say experts at the Bank of America. “Central banks, as buyers of the first option, are returning.”

Antonio Cavarero, chief financial officer at General Insurance Asset Management, said central banks remain reluctant to reduce their emergency loans, which has led to higher incomes and higher interest rates.

“Don’t expect a straight line to get your money’s worth,” he said. “Central banks are sending signals to test the water, to see if markets and the economy can accept the idea of ​​a rise.”

European stocks also ended a week weakening, with the overall Stoxx 600 stock closing 0.3% at a fall of 1.2%, the lowest since mid-August.

The dollar, which measures the US dollar against its six counterparts, is 0.13 percent. The unscrupulous Brent, oil speculative, rose 2% to $ 72.84 a barrel in response to the slowdown in production caused by Hurricane Ida.