(CercleFinance.com) – After gaining up to 0.4% this morning, flirting with 7,300 points, the Paris stock market ended the session with a decline of 0.1%, to 7,260 points.
At the end of a session whose trading volumes will not have exceeded 1.9 billion euros, Publicis and Eurofins Scientific act as the red lanterns of the index with a decline of 2.1% each.
It must be said that investors remain concerned about China, whose economic recovery is proving more sluggish than expected, which could potentially penalize global growth.
Added to this are fears that the Fed will decide to continue its policy of monetary tightening, a prospect that does not delight the markets and does not really encourage risk-taking.
In this gloomy context, investors learned today of a series of flat statistics on the old continent.
In the euro area, in the second quarter of 2023, seasonally adjusted GDP increased by 0.3%. It remains stable in the EU compared to the previous quarter, according to Eurostat, which therefore confirms its preliminary flash estimate from the end of July.
In addition, industrial production posted a slight increase in June in the euro zone, a recovery that is however insufficient to fully reassure the region’s economic growth.
Production thus increased by 0.5% from one month to the next after remaining stable in May (figure revised after -0.5% in the first estimate), Eurostat announced on Wednesday.
Across the Atlantic, the Commerce Department reported a 3.9% increase in housing starts in the United States in July, to 1,452,000 at an annualized rate, a level broadly in line with economists’ expectations.
Separately, data released by the U.S. Energy Information Agency (EIA) shows crude oil inventories fell 6 million barrels from the previous week, to 439.7 million barrels.
On the bond market, the yield on ten-year US Treasury bills is now moving to its highest levels since the summer of 2007, above the 4.2% threshold (4.23% exactly), which shows that investors expect high rates for longer. In Germany, the bund also remains at a very high level (2.65%) and the French OAT at 3.19%.
Observers now hope that the ‘minutes’ of the last meeting of the Federal Reserve, expected in the evening, will bring them new clues on the possible evolution of interest rates in the United States.
In the news of French companies, Riber announces an order worth several million euros from Germany for an MBE 412 system, an order whose delivery is scheduled for 2024.
Nanobiotix Announces the Expiry of the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 Waiting Period for the Global Licensing, Co-Development and Commercialization Agreement with Janssen for its Product Candidate NBTXR3 .
Finally, Biophytis announced that it had received feedback from European and American health authorities with a view to planning the next regulatory steps for its project dedicated to the development of Sarconeos, its main candidate, in severe forms of Covid-19.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
