CAC40: 3rd consecutive session of red, reduced volumes


(CercleFinance.com) – The Paris stock market today signs a third consecutive session of decline: after -1% on Monday then -0.27% yesterday, the Parisian index lost 0.46% today, at 7260 points, after a session marked by weak volumes, with barely 2.6 bn euros traded since the opening.

After the good run achieved in June, the equity markets now seem to need to catch their breath while waiting to see things a little more clearly.

The day was marked by the intervention of Jerome Powell before the Financial Services Committee of the House of Representatives. Analysts will not fail to dissect his intervention in the evening. The Fed Chairman will travel to the Senate on Friday for another speech.

On the foreign exchange market, the dollar, which had risen yesterday following better than expected real estate statistics, relapsed -0.3% to $1.095 against the euro.

The bond compartment continues its erratic movements of the last few days, the yield of the German Bund returning to 2.40% while that of the French OATs relaxes to 2.92%.

The yields of Treasuries which had climbed in recent weeks followed the same movement, that of 10-year notes falling to 3.73% against a peak of 3.84% last week.

In the news of French companies, Daher, Safran and Airbus presented EcoPulse, the hybrid-electric propulsion aircraft demonstrator developed jointly. After successfully passing the first ground tests, this demonstrator will make its first flight with hybrid-electric propulsion later this year.

Osmosun, a specialist in seawater and brackish water desalination solutions using solar energy, announces the launch of its IPO on the Euronext Growth® market in Paris.

Engie announced on Tuesday that it has acquired, alongside Meridiam, BTE Renewables, a specialist in renewable energies in South Africa and Kenya, an operation that will allow the French group to continue its development outside Europe. and the American continent.

Canal+ Group, a subsidiary of Vivendi, announces the signature of a strategic partnership with PCCW Limited, in order to accelerate the development of Viu, a leading streaming platform present in Asia, the Middle East and South Africa.

Finally, Airbus announces that Avolon, an international leasing company, has signed a memorandum of understanding (MoU) for an order for 20 A330neo aircraft, Airbus’ newest widebody

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