The Paris Stock Exchange is up slightly on the fait accompli after the decision of the European Central Bank to raise its key rates by 50 basis points, a first since 2011, and not by 25 points as announced in June. The ECB has also announced that it has approved an anti-fragmentation mechanism, the tool intended to preserve the most fragile economies in the euro zone, the outline of which will be unveiled by Christine Lagarde during her press conference.
A mechanism all the more vital as the yield of the Italian 10-year BTP hit a high of more than a month at 3.6311% following the resignation of Mario Draghi, which paves the way for legislative elections. anticipated in September or October. The spread with the German Bund of the same maturity reached 240 basis points, up nearly 9%. On the foreign exchange market, the euro appreciated by 0.65% to 1.0245 dollars. The reopening of the Nord Stream 1 gas pipeline after a 10-day interruption was certainly reassuring, but the flows would only represent 40% of pre-maintenance levels.
At 2:30 p.m. on Bedroom 40 grabbed 0.17% to 6,195.23 points in a business volume of 1 billion euros. In Milan, the FTSE Eb fell by 1.22%, while the FTSE index of Italian banks fell by 3.9%. The contracts future on American indices fluctuate between a gain of 0.3% and a decline of 0.2%.
Publicis at the head of the Cac 40, Valneva sanctioned
Publicis increased by 4.1%. The ad agency raised its overall outlook for 2022 after posting record results and beating analysts’ forecasts in the first half of the year.
Thales loses 1.5%. The defense electronics group has nevertheless raised its annual forecast for order intake and revenue growth due to robust activity in all its segments during the first six months of the year. If she welcomes the solidity of the half-year performance, Chloe Lemarie of Jefferies points out that the increase in the forecasts is more “ limited than expected “.
Seb 10.2% drop. The manufacturer of small household appliances is aiming for a turnover ” globally stable “and an operating margin on activity of between 8% and 8.5% in 2022. The group established these projections when its results fell in the first half and that it does not anticipate ” significant improvement in the economy by the end of the year in mature countries “.
TotalEnergies lost 2.7% in the wake of oil prices as crude inventories rose by 3.5 million barrels in the United States last week, according to figures from the American Petroleum Institute (API).
Sartorius Stedim Biotech advance of 7.2%. Its parent company Sartorius reported a jump in profits in the first half and confirmed its annual targets.
Finally, Valneva gives up 8.6%. The European Commission’s order for only 1.25 million doses of its Covid-19 vaccine, against the 24.3 million planned, disappointed the market.