PARIS (Agefi-Dow Jones)–The Paris equity market is expected to open lower on Wednesday as investors are cautious as they await the release of US inflation figures for July at 2:30 p.m. (Paris time).
Around 8:30 a.m., the futures contract on the CAC 40 index lost 21.3 points, or 0.3%, according to data from broker IG.
According to a consensus compiled by the Wall Street Journal, consumer prices in the United States should have increased by 8.7% year on year in July, after rising 9.1% in June.
Inflation in line with expectations, or even lower, would allow the Federal Reserve (Fed) to temper the tightening of its monetary policy, indicates Ipek Ozkardeskaya, analyst at Swissquote. Conversely, higher-than-expected inflation would rekindle speculation about a stronger Fed rate hike, which would weigh on equity markets, she added.
On the corporate side, investors should continue to scrutinize technology stocks, as the sell-off in the semiconductor sector on Wall Street in recent days undermines their confidence.
The electricity producer EDF has made a request for compensation from the State in order to compensate for the loss of earnings linked to the establishment of the “tariff shield” on electricity prices. “After an in-depth legal analysis, and in view of the damages suffered under the decree and the orders dated March 11, 12 and 25, 2022, EDF today filed a contentious appeal with the Council of State, and a claim for compensation, for an amount estimated to date at 8.34 billion euros, with the State”, indicated the group.
Colas Rail, a subsidiary of the diversified conglomerate Bouygues, has signed a contract to acquire 100% of the shares of the German group Hasselmann, which specializes in the construction of railway tracks and railway infrastructure.
-Alice Doré, Agefi-Dow Jones; +33 (0)1 41 27 47 90; [email protected] ed: LBO
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
August 10, 2022 02:44 ET (06:44 GMT)