(CercleFinance.com) – The Paris stock market has picked up nearly 0.2% this morning, around 6,210 points, benefiting in particular from the good momentum of Carrefour (+3%) and Publicis (+2%).
Although moderate, this rise allows the Parisian index to continue the upward momentum that began last Friday. Investors nevertheless remain cautious, on the eve of the announcement of the decisions of 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 currently stands at 1.27%, while Italian yields stand at 3.31% in a context of renewed political uncertainty in the country.
On the foreign exchange market, the euro continues to rise above 1.0230 against the dollar on the eve of the ECB’s decisions.
The session in Europe should also be animated by the publication of a series of results, including those of the Dutch manufacturer of equipment for semi-conductors ASML, a veritable barometer of the technology sector in Europe.
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.
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 has announced the abandonment of its plan to take over EnergyGo, throwing in the towel in the face of the impossibility of lifting all the conditions precedent linked to the operation.
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