(CercleFinance.com) – The Paris Stock Exchange resurfaces 45 minutes from the close: the CAC40 (-0.1%) flirts again with 6,200 Pts.
The CAC had seen its bullish momentum come to a halt around 1 p.m. because of a dispatch relating Putin’s desire not to stick to the conquest of the Russian-speaking ‘Oblast’ in eastern Ukraine.
From +0.5%, the CAC40 had fallen to -0.7% (around 6,156) but it benefited from the strength of Wall Street which added +0.5% (S&P500) to +1.2% (Nasdaq) after the 2.8% gained the day before.
The E-Stoxx50 returned to equilibrium displays its serenity 24 hours from 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 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%) crumbled towards 1.0200, the Dollar Index remained stable towards 106.8.
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 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.
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