PARIS (Agefi-Dow Jones)–The Paris equity market is expected to open lower on Monday, as investors fear inflation will push central banks to accelerate interest rate hikes in the coming months. In addition, they fear that the management of the health crisis in China, in particular the confinements put in place in the country, will weigh on global economic growth.
Around 8:20 a.m., the futures contract on the CAC 40 index lost 66.5 points, or 1.1%, according to data from broker IG.
Monetary policy expectations will continue to preoccupy investors this week, as US consumer price data for April will be released on Wednesday.
On the business side, Lagardère announced on Sunday that the Qatari fund Qatar Holding did not intend to tender its shares to Vivendi’s takeover bid.
Danone has reached an agreement with Chinese dairy specialist Mengniu to sell its latest minority investments in their partnerships, i.e. a 25% stake in Yashili and 20% in their joint venture Inner Mongolia Dairy. At the same time, Danone announced the acquisition of 100% of Dumex Baby Food, a Chinese infant milk producer.
-Alice Doré, Agefi-Dow Jones; +33 (0)1 41 27 47 90; [email protected] ed: LBO
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May 09, 2022 02:31 ET (06:31 GMT)