(CercleFinance.com) – The CAC40 ended today’s session down 0.27% to 6,184 points, ending the upward trend that had taken hold in Paris since Friday.
The E-Stoxx50 lost 0.1%, ahead of Frankfurt (-0.2%) and London (-0.4%).
After having opened higher (and gained up to almost 0.7%) the Parisian index saw its momentum come to a complete halt around 12:30 p.m., when the markets discovered, like the rest of the world, a dispatch evoking the will of Vladimir Putin not being satisfied with the conquest of the Russian-speaking ‘Oblast’ of eastern Ukraine…
From +0.5%, the CAC40 then fell to -0.7% (around 6,156) but subsequently benefited from the strength of Wall Street, a dynamic that allowed it not to stray too far from 6,200 pts.
This evening, the American markets are still in the green, with +0.7% on the S&P500 +0.1% on the Dow Jones and +1.6% on the Nasdaq. The US indices do not penalize the 5% decline in sales of existing homes in June 2022 (5.12 million on an annual basis, against a consensus of 5.38 million).
The markets are now waiting for announcements from the European Central Bank (ECB) in terms of monetary policy.
At tomorrow’s meeting, the central bank’s board of governors is expected to start normalizing its policy rates, opting for a 25 or 50 basis point hike justified by the record inflation currently raging in the euro zone.
But investors are above all awaiting new forecasts from the institution in terms of future rate trends and will carefully monitor the comments of its president, Christine Lagarde, on the reality of a recessionary threat.
On the bond market, the ten-year German Bund rate is currently down -3.5Pts to 1.242%, the OAT erases 3Pts to 1.837% while the yield on Italian BTPs stands at 3.43% against 3.32% this morning in a context of renewed political uncertainty in the country (the initial hopes of the formation of a new coalition by Mario Draghi evaporate over the hours on Wednesday).
On the foreign exchange market, the euro (-0.25%) crumbles towards $1.021 and Brent is trading against $106.5 a barrel.
In the news of French companies, TotalEnergies, in its capacity as operator, announces the launch of the first phase of engineering studies (FEED – front end engineering and design) for the upstream production facilities of the Papua LNG project, in Papua New Guinea.
In addition, TotalEnergies has decided to withdraw from the Yadana field and the gas transmission company MGTC in Myanmar, as a shareholder and operator.
The animal health group Virbac published a turnover for the second quarter of 2022 of 298.3 million euros, up 13.5% compared to the same period of 2021, including an increase of 7, 8% at constant parities.
Solutions 30 announced the abandonment of its plan to buy EnergyGo, throwing in the towel in the face of the impossibility of lifting all the conditions precedent linked to the operation.
The European Commission has announced that it is authorizing the acquisition of Equans by Bouygues.
Finally, Airbus announced on Wednesday the confirmation by the British low-cost airline easyJet of an order for 56 aircraft in the A320neo range, estimated at more than six billion dollars according to list prices.
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