The Paris Bourse should try to maintain its momentum on Tuesday, but the jump remains modest in view of the fall of nearly 5% in the Cac 40 last week, and 17% since the start of the year. The increase of more than 1% in contracts future on US indices this morning is a support factor the day after a holiday in the United States, synonymous with the closing of Wall Street.
The markets are nonetheless aware of the risk of an economic slowdown at a time when central banks are tightening their monetary policy in an attempt to curb inflation that promises to be lasting. St. Louis Federal Reserve Chairman James Bullard warned that inflation expectations “ could spin out of control without credible Fed action “.
The reform of EDF compromised?
This morning, Bank of Australia Governor Philip Lowe braced markets for further rate hikes while appearing to rule out a tightening of more than 50 basis points.
On the bond market, the yield of the American 10-year loan is traded at 3.2844%. It had reached 3.495% last week, its highest level since 2011 just after the Fed’s announcement of a 75 basis point hike in the Fed funds rate.
On the commodities front, a barrel of North Sea Brent rose 0.6% to $114.86 as traders try to gauge the risk of supply strains amid the likely slowdown in growth American.
EDF. The lack of an absolute majority of Emmanuel Macron’s party and its allies in the National Assembly risks complicating the implementation of the electrician’s reorganization project, the process of which requires legislative changes, reports Reuters, citing sources familiar with the matter. The State holds 84% of EDF’s capital.
Renault and the Chinese equipment manufacturer Minth Group have signed a memorandum of understanding for the creation of a joint venture aimed at producing battery boxes for electric vehicles in France.
Derichebourg announced that it had sent the European Commission the binding legal documentation relating to the sale of the eight sites that the environmental services group has agreed to sell under the conditional green light from Brussels for the takeover of Ecore.