Când veștile bune din economie devin vești proaste pentru piețele financiare - Economica.net

Economic activity is increasing on both sides of the Atlantic, with solid PMI results indicating growth. The composite PMI in the US rose to 58.4, the highest since 2021, while the Eurozone reached 53.1, exceeding expectations. Despite strong profit growth in major indices, persistent inflation and high bond yields raise concerns for investors. Rising production costs, particularly in energy and labor, challenge companies, especially smaller ones with variable-rate loans. The US Treasury bond yield has surpassed 5.20%, impacting borrowing costs and market valuations. While the S&P 500 nears historical highs, the growth is concentrated among a few large companies, raising investor concerns. Additionally, rising oil prices add inflation risks, complicating the economic outlook. The key question remains how long companies and consumers can sustain growth amid rising borrowing costs.