(CercleFinance.com) – The Paris Stock Exchange ends the session with a loss of 1.75%, at 7,068 pts, only two of the forty stocks of the CAC, Danone (+0.5%) and Carrefour (+0.3%), managing to finish in the green. Red lantern of the index, Alstom yields 5% in front of Stellantis (-3.6%).
The downward trend is present everywhere in Europe: the Euro Stoxx50 index also lost 1.7%, Frankfurt fell by 1.9% while London dropped 1.2%.
In the United States, the New York indices are moving without direction and seem quite volatile (the Nasdaq yields 0.4% while the S&P500 is stable and the Dow Jones grabs 0.1%). Sign of the nervousness of the markets, the VIX, known as the ‘fear index’ rose by 2%, the index now exceeding 26 when the market is considered ‘nervous’ from 20.
The bearish trend is not sparing the cryptocurrency sector either, with bitcoin yielding more than 6%, falling below $39,000.
Markets still seem concerned about the level of inflation and the prospect of monetary policy tightening by central banks.
The meeting of the Fed’s Monetary Policy Committee next week should provide more information on the strategy to fight inflation.
On the other hand, concerns about the evolution of US interest rates now seem to be taking a back seat. On the bond compartment, the yield of ten-year Treasuries continues to decline and is changing tonight at 1.76%, against 1.78% this morning.
Finally, the tensions between Russia and NATO do not reassure the markets: Joe Biden notably mentioned possible “strong sanctions, among other economic ones” against Russia, a decision which could also have repercussions on the European continent.
In this gloomy context, it seems tricky to find new catalysts likely to reconnect with the upward trend of the end of last year.
In the results department, Schlumberger published a turnover of 6.2 billion dollars for the 4th quarter, an increase of 13% compared to the same period a year earlier. Adjusted quarterly net profit has practically doubled (+90%) in the space of a year: it stands at $587 million in the 4th quarter, against $309 million twelve months earlier.
In the news of French values, TotalEnergies announces that it has decided to leave Myanmar after having ‘on several occasions condemned in the strongest terms the abuses and violations of human rights that have taken place there’ since the coup d’etat of the 1st February 2021.
Schneider Electric announced on Friday that it would join forces with Storengy, Engie’s natural gas storage subsidiary, to offer green hydrogen storage solutions.
Finally, Renault announced the signing of a collaboration agreement with the Chinese automobile group Geely with a view to cooperation in South Korea.
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