(Boursier.com) — THE TREND
The CAC 40 continues to be depressed this Tuesday noon, down 0.5% to 7,085 points, posting a fourth consecutive session of decline and lagging behind by almost 4% since last Wednesday and the Fed meeting which saw its members raise their voices… The markets did not expect long-term restrictive monetary policies even though this is what the new comments from central bankers now seem to be heading towards… They in any case continue to fuel pressure on the bond market where US long-term rates rose to a new 16-year high last night. Risky assets logically suffer from this… Yesterday, Christine Lagarde, also supported the restrictive approach again, insisting on the need to maintain rates at a high level, while Isabelle Schnabel, member of the board of governors of the ECB, explained that the euro zone “had not finished with inflation”. Investors are now awaiting a speech from Philip Lane, chief economist of the Frankfurt institution, scheduled for the day…
In the United States, Chicago Fed President Austan Goolsbee said Monday that inflation above the 2% target was “a greater risk than a further slowdown in the economy.” The president of the Minneapolis Fed, Neel Kashkari, said for his part he expected a further rise in interest rates before they remain at a high level over a long period… The euro stagnates this midday at 1.06 /$. Oil returns to $92 per Brent.
ECO AND CURRENCIES
To be continued in the United States:
– FHFA US Home Price Index. (3:00 p.m.)
– S&P Corelogic Case-Shiller Home Price Index. (3:00 p.m.)
– Consumer confidence. (4:00 p.m.)
– Sales of new homes. (4:00 p.m.)
– Richmond Fed manufacturing index. (4:00 p.m.)
RISING VALUES
Inventive rises by 6% with Akwel (+5%) and Orpea (+3%)
Moncey : +2% with Tikehau, Verimatrix, Bastide and Jacquet
LDC : +1% followed by Quadient, Robertet, Airbus and Scor (+0.5%)
FALLING VALUES
Carmat (-26%!): operating expenses have been controlled so that the operating loss amounts to -25.9 ME for the 1st half of 2023, of the same order as that of the 1st half of 2022 (-25.9 ME). 1 ME). After taking into account the financial result (-1.7 ME) and the Research Tax Credit (+1 ME), the net loss for the first half of 2023 amounts to -26.7 ME (-26 ME in the 1st half 2022).
Atos down 5% with SergeFerrari, Worldline, Transgene
Vantiva : -4% with Valneva
IPSOS : -3% followed by FNAC Darty, Trigano, Lhyfe
Casino : -2.5% followed by JC Decaux, Esso, Innate
Kering : -2% with Eramet, BigBen
SMCP : -1.5% followed by Alstom
Air France-KLM (stable) plans to place a major order for aircraft with a view to continuing the renewal and rationalization of its long-haul fleet, thus reflecting its ambition to improve its economic and environmental performance. This order will be placed at Group level and will concern 50 Airbus A350-900 and A350-1000. It will be accompanied by acquisition rights for 40 additional devices. The first deliveries are expected from 2026 and will last until 2030.