(CercleFinance.com) – The Paris Bourse continues its recovery (+0.6%) in anemic volumes (less than 1 billion euros traded since the opening) on this semi-holiday day for the financial community (Pont de l’Ascension ).
Investors are seizing on the speech deemed moderate by the Fed concerning the evolution of its monetary policy to proceed with timid redemptions on the cheap.
Many European markets will remain closed today, the session being particularly idle on the places of Zurich, Stockholm and Copenhagen.
On Wall Street, US equity markets are expected to rise slightly on Thursday after the ‘minutes’ of the last meeting of the Fed’s monetary policy committee which attest to unanimity to limit the rate hike to +0, 5%.
The Fed’s Strategy Committee has also left the door open to a potential pause in its rate hikes later in the year to assess the effects of its tightening measures.
The high point of this session was the publication of the revised figure for growth in the United States in April: the estimate has been revised downwards from -1.4% to -1.5%.
Weekly jobless claims fell again last week in the United States (-8,000) to 210,000.
The Labor Department said the four-week moving average came in at 206,750, up 7,250 from the previous week’s 199,500 units.
The number of people regularly receiving benefits rose to 1.346 million during the week of May 14, against 1.317 million the previous week.
On the bond front, US T-Bonds are treading water (-0.5Pt to 2.742%), our OATs relax even more symbolically by -0.1Pt to 1.484% but Bunds are deteriorating by +1.8Pts at 0.965%.
The barrel of oil remains very robust (+0.4% to $115) and the WTI climbs towards $111.5 on the NYMEX.
On the stock side, luxury and the aeronautics sector lead the rebound of the CAC (Airbus, Safran gain +2.4%, Kéring +2%).
The British competition authority has announced the opening of an investigation into the acquisition of the American GCP Applied Technologies by the French building materials group Saint-Gobain.
The Competition and Markets Authority (CMA) explains that its decision aims to determine whether the operation is likely to lead to a substantial lessening of competition in the UK market.
Airbus announced on Thursday that it would strengthen its presence in the United Kingdom with the installation, near Bristol, of a new research center dedicated to hydrogen technologies.
The aircraft manufacturer specifies that the main objective of the site will be to design a competitively priced cryogenic fuel system for its commercial zero-emission aircraft ‘ZEROe’, which is scheduled to be launched by 2035.
Lagardère announces the results of the takeover bid initiated by Vivendi, which, taking into account the shares contributed to the main branch of the offer, now holds 55.43% of the capital.
The public offer will be reopened in its two branches, main and subsidiary, from May 27 to June 9.
Europcar Mobility Group welcomes the decision of the European Commission to clear the acquisition of the company by Green Mobility Holding within the framework of its merger control procedure.
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