The Paris Stock Exchange is in mode risk-off this Friday, investors remaining focused on the war in Ukraine. Vladimir Putin informed German Chancellor Olaf Scholz that Ukraine seeks to ” to block » the discussions by presenting « increasingly unrealistic demands Bloomberg reports, citing the Kremlin’s transcript of a phone conversation. President Biden is preparing for his part to warn his Chinese counterpart Xi Jinping against retaliatory measures in the event of Beijing’s support for Moscow in the conflict. The two men are due to speak by videoconference from 2 p.m.
Mid-session, the Bedroom 40 lost 1.25% to 6,529.64 points in a business volume of 1.5 billion euros, inflated by the expiry of options and futures contracts on equities and indices in Europe and the United States in this seance of the four witches. The contracts future on American indices yield between 0.7% and 0.8%.
The United States concerned
Ahead of the Biden-Xi swap, US Foreign Minister Antony Blinken said the United States was watching ” with concern that China is considering providing Russia with direct military assistance (…) President Biden will speak to President Xi tomorrow, and make it clear to him that China will bear responsibility for any act aimed at supporting Russian aggression, and that we will not hesitate to impose costs on it. ”, no sign being moreover perceptible as for the will of Vladimir Putin to put an end to the invasion of Ukraine.
A report from the Pentagon, elements of which are relayed by the Bloomberg agency, stipulates for its part that it is to be expected that the Russian president will once again brandish the threat of nuclear weapons against the West if the Ukrainian resistance continues and undermines the conventional military offensive in progress.
Oil continues to rise
The barrel of Brent gained another 1.1% to nearly 108 dollars after a jump of 8.8% on Thursday. Commodities have moved with hopes and disappointments over possible progress between Russian and Ukrainian negotiators, but after four days of negotiations, comments from both sides reinforce the feeling that the prospect of an agreement remains remote .
Automobile stocks are again under pressure, with the associated Stoxx 600 index posting the largest sectoral drop in Europe (-1.8%). Renaultt drops 2.8% and Stellantis 3.2%.
Michelin down 2.2%. The group reported a fragile improvement in the new tire market in February, before the crisis caused by the war in Ukraine made itself felt.
TF1 gives up 3.7%. The competition authority has announced the opening of an in-depth examination phase concerning the planned merger of the channel with M6.