(CercleFinance.com) – The Paris Bourse is evolving close to equilibrium, around 6,530 points, the day after a day which saw the Parisian index yield nearly 1%, putting an end to the summer ‘rally’ which wore the CAC since the beginning of July.
Markets retreated on both sides of the Atlantic after the release of the minutes of the Federal Reserve’s latest monetary policy meeting showing that Fed monetary policymakers mostly seem to think further rate hikes are warranted for stifle inflation.
The prospect of these next rate hikes seems to have dampened investor optimism, optimism that had already been undermined earlier in the day by gloomy economic indicators and a resurgence of concerns about the health of the retail sector in saw very disappointing results from Target
On the bond market, Treasuries yields rose again in reaction to the publication of the Fed’s minutes, with 10-year rates stretching by eight basis points to 2.89%.
New data will now allow market players to refine their diagnosis of the economy.
In the United States are expected the figures for registrations for unemployment benefits, the Philadelphia Fed index, sales of old homes in July, as well as leading indicators from the Conference Board.
The consumer price figures for the month of July in the euro zone will provide valuable lessons on the evolution of inflation in the region, the topic of choice at the moment.
In securities news, Valneva announces that the United States Department of Defense (DoD) has decided not to exercise the second annual contract option for the supply of its Japanese encephalitis (JE) vaccine Ixiaro, deeming its inventories enough for their current needs.
Parrot indicates that it has reached an agreement with AeroVironment, concerning the sale of its 47.2% stake in Planck Aerosystems, a company based in San Diego (California) in which Parrot had initially invested in 2016.
Onxeo informs0 that its Combined General Meeting has adopted all the resolutions presented by its Board of Directors, including the withdrawal of the shares from listing on the Nasdaq First North market in Copenhagen.
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