(CercleFinance.com) – The Paris Stock Exchange posted a decline of close to 1.4% this morning, around 7135 points, with all of the CAC values being tinged with red.
As a reminder, Friday Wall Street had ended in sharp decline with -1% on the S&P500 and -1.6% on the Nasdaq.
On the geopolitical front, in addition to the Ukrainian file, the weekend was marked by renewed tensions between China and the United States against the backdrop of the neutralization of the Chinese balloon presented by Washington as a spy device.
Beijing denounced an “excessive” reaction on the part of Washington, while declaring itself the right to provide other answers if necessary, an announcement which seemed to have only a limited impact on Asian stock markets on Monday.
On the economic front, while the central banks announced new rate hikes last week, some analysts were concerned about the discrepancy between their rhetoric of firmness and the optimism of investors who are already anticipating the end of monetary tightening.
‘As Fed and market expectations diverge, the risk of someone being caught off guard increases dramatically,’ said Jason England, portfolio manager at Janus Henderson.
Several heavyweights of the rating have yet to reveal their quarterly accounts in the coming days, including the energy group bp, the entertainment giant Disney or the food group PepsiCo.
On the macroeconomic side, the week will be especially marked by the publication, on Thursday, of the latest inflation figures in Germany, the publication of which had been postponed due to technical problems last week.
In corporate news, Rothschild & Co announces the intention of its first shareholder Concordia, holding company of the Rothschild family, to file a simplified takeover bid (OPAS) at a price of 48 euros per share, dividends attached , and to request a squeeze-out.
SES-imagotag announces that its subsidiary Captana has reached an agreement to acquire a majority stake in Belive.ai, a French start-up specializing in artificial intelligence and image analysis for physical commerce.
Wendel announces that Stahl has signed an agreement to acquire ICP Industrial Solutions Group (ISG). This company is a leader in high performance coatings for packaging. The transaction will be completed for an enterprise value of approximately $205 million.
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