(CercleFinance.com) – Just like this morning, the main European stock markets are moving in dispersed order, but the trend has changed somewhat: while Paris and Frankfurt stagnated around their equilibrium point this morning, the two places are now giving way respectively 0.6% and 0.4%.
In addition, London, which arrogated almost 0.8% in the morning, gave up part of its gains and is now content with a more anecdotal gain of around 0.3%.
Yesterday, the markets were buoyed by hopes of a reopening of the Chinese economy, as Beijing announced the end of quarantine measures at the entrance to its territory from January 8.
Nevertheless, at Kiplink, we are betting on caution, given the persistent fears about interest rates and the risk of recession.
Moreover, the traditional end-of-year rally is long overdue. And for good reason: according to Vincent Boy, analyst at IG France, ‘the santa rally seems difficult this year, the financial markets having celebrated Christmas a little earlier, with the strong increases observed in November on the majority of the world indices’.
In company news, AstraZeneca announces that Imfinzi plus Imjudo has been approved in Japan for advanced liver and non-small cell lung cancers, and Imfinzi has been approved for unresectable biliary tract and liver cancers.
Additionally, the company reports that Calquence (acalabrutinib) has been approved in Japan for the treatment of treatment-naïve adult patients with chronic lymphocytic leukemia (CLL). As a reminder, Calquence was already approved in Japan for the treatment of adults with relapsed or refractory CLL, underlines the laboratory.
Equinor reports that production from the Njord field in the Norwegian Sea resumed yesterday afternoon after a period of interruption related to a modernization project which had required the return to land of the offshore platform and the vessel floating storage and offloading (FSO).
ING announces that it bought back during the week of December 19 to 23 inclusive, 315,504 of its own shares at an average unit price of 11.26 euros, thus representing a total amount paid out of 3.55 million euros.
Finally, ABB announces that it has completed the previously announced sale, to Hitachi, of its remaining 19.9% stake in their Hitachi Energy joint venture formed from the Swiss engineering group’s power grids business in 2020.
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