(CercleFinance.com) – The Paris stock market gained nearly 1% this morning, around 7,235 points, well helped by TotalEnergies (+2.1%), EssilorLuxottica (+2%) and Engie (+1.9%) .
This fourth week of August will be marked, on Thursday, by the traditional end-of-summer meeting in Jackson Hole, bringing together the main central bankers of the world who will find themselves in a context of questions around the evolution of monetary policies. .
This meeting, always very followed by the markets, will conclude with the intervention of Jerome Powell, the president of the Federal reserve. Investors are hoping for an improvement in general sentiment that would allow them to break away from the current phase of risk aversion that is shaking the markets.
‘The enthusiasm surrounding the resilience of the economy, the moderation of inflation and the emergence of artificial intelligence has not gone away, but it has been clouded by worries about global growth and the rise recently observed interest rates,” said Craig Fehr, strategist at Edward Jones.
The unknown that is the evolution of inflation represents a factor that seems particularly likely to push central bankers to exercise caution.
‘Powell should adopt a less nuanced speech during Jackson Hole from our point of view, knowing that the latest indicators clearly show a risk of rising inflation’, warn economists at BofA.
On the bond compartment, the yield on ten-year US government bonds is camped out at 4.28%, just below its multi-year highs of last week.
The yield on the 10-year German Bund, the benchmark on the bond market in Europe, also peaked at 2.63%, which corresponds to a virtual doubling over the past 12 months.
The week in Europe will also be punctuated by the publication, on Wednesday, of the results of the monthly surveys of purchasing managers (PMI) on activity in the private sector of the major European economies.
In the news of French companies, the Visiomed action, whose quotation was suspended on Friday, gained nearly 17% this morning in Paris.
TotalEnergies announces that it has signed, jointly with INPEX, an agreement relating to the acquisition of the 100% interest held by PTTEP in the AC-RL7 permit in Australia, an agreement which remains subject to the approval of the competent authorities.
Unibail-Rodamco-Westfield announced Friday evening that it has completed a new financing of 925 million dollars for Westfield Century City, its shopping center located in the heart of Los Angeles.
Finally, Saint-Gobain announces that it has obtained authorization from the Competition Bureau for the acquisition of Building Products of Canada, a producer of roofing shingles for the residential sector as well as wood fiber insulation panels in Canada.
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