(CercleFinance.com) – The Paris Stock Exchange is expected to fall again on Wednesday morning following its decline the day before following renewed concerns about the health of the Chinese economy, investors still opting for caution ahead of the publication of new indicators.
Around 8:15 am, the ‘future’ contract on the CAC 40 index – end of month delivery – fell 42.5 points to 7233.5 points, announcing a start to the session in the red.
The Parisian market had experienced a session of the Assumption yesterday more difficult than expected (-1.1%), the publication of disappointing figures in China having forced the central bank of the country to a new intervention.
‘The difficulties facing the Chinese economy and its financial system continue to make headlines,’ said analysts at Capital Economics.
‘So far, the gloom in which the country finds itself has not really undermined the optimism shown by the world markets, but things could change quickly,’ warns the London research office.
For several months, China has been struggling to restart its growth, the momentum of the reopening of its economy having quickly run out of steam in the face of the difficulties in its real estate sector in particular.
The reawakening of fears around China comes as investors wonder whether the Fed could raise rates again, a prospect that does not encourage much risk-taking.
In the bond market, the yield on ten-year US Treasuries is now trading at its highest levels since the summer of 2007, showing that investors are expecting higher rates for longer.
Observers therefore hope that the ‘minutes’ of the last meeting of the Federal Reserve, expected in the evening, will bring them new clues on the possible evolution of interest rates in the United States.
In the euro zone, the participants will take note, at the end of the morning, of the GDP figures for the region in the second quarter and those of industrial production.
A few corporate financial publications are also driving the rating, starting with the Danish brewer Carlsberg, which will be followed at midday by those of the American distributor Target, pending the publication, in the evening, of the accounts of the network equipment giant Cisco. .
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