(CercleFinance.com) – The CAC40 peaked at around 6.616 (+1%) around 1.15 p.m. then again around 6.610 around 2.30 p.m. (at this precise moment, the index neither gained nor lost anything over the past week) but all the gains evaporated (Paris crumbled by -0.1% to 6,550, i.e. -1% weekly) while the price of oil recovered by +3% in the space of an hour (around $113.5 on the ‘WTI’).
A missile fired by Houthi rebels from Yemen (most likely hypothesis) hit an Aramco storage unit in the suburbs of Jeddah
Wall Street has also just tipped into the red, the Dow Jones fell from +0.6% to -0.1%, the S&P500 lost -0.3%, the Nasdaq lost 1%.
No reaction from the US indices, on the other hand, to the publication of the barometer of American household morale from the University of Michigan 2 hours earlier: it stood at 59.4 in final data, against 59.7 in preliminary estimate, after 62.8 in February.
In the detail of the UMich survey, the component of consumers’ judgment of their current situation fell only 1.5% month-on-month, to 67.2, but that measuring their outlook fell by 8. .6% to settle at 54.3.
On the front of the statistics of the day, the most commented figure is the Ifo index of the business climate in Germany: it plunged by nearly -8 Pts to 90.8 points in March, against 98.5 points (corrected seasonal variations) the previous month.
This does not prevent the DAX from climbing by +0.9% to 14,400 and ending the week in balance… while nothing is better than last Friday.
The bond markets will end the week almost at their lowest with OATs at 1.005% (+3Pts), Bunds at 0.585% (+6Pts) and US T-Bonds which jumped by +14Pts to 2.486%, the highest since more than 3 years: the bets are going well on 3 consecutive increases of +50Pts by the fall, with a key rate target of 3.5% in 2023 (+50Pts more compared to the FED’s FOMC it a week ago).
As for values in Paris, banks relapse (-1.8%) and Alstom falls back to 21E (-3.3%).
TF1 and M6 have undertaken, in the event of completion of their merger, to buy out France Télévisions’ 33.33% stake in Salto, their subscription video-on-demand service, for a final value of 45 million euros. .
Dassault Aviation announces a new contract for the acquisition of six additional new Rafales by Greece, following the acquisition of 18 Rafales in January 2021, which will therefore bring the number of Rafales operated by the Army to 24 of Greek Air.
Plastic Omnium announces that it has reached an agreement with ams OSRAM to acquire 100% of AMLS (Automotive Lighting Systems GmbH), a fast-growing German automotive lighting player, for an enterprise value of 65 million euros.
The data and software group for the health sector Cegedim publishes for 2021 a net income group share up 142% to 26.2 million euros, and indicates that it will propose a dividend at 0, 50 euros per share.
Thales announces the selection of the Naval Group defense and intervention frigate (FDI) by Greece, a firm order for three defense and intervention frigates, plus an optional one, having been signed by the Greek authorities .
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