The CAC 40 should remain buoyed by the easing of inflation in the United States

PARIS (Agefi-Dow Jones)–The Paris stock market is expected to open higher on Thursday as investors continue to react to the latest inflation data in the United States and the news of the resumption of oil transport by Russian oil pipelines to central Europe, which had been interrupted.

Around 8:30 a.m., the futures contract on the CAC 40 index gained 17.7 points, or 0.3%, according to data from broker IG.

Equity markets remain buoyed by Wednesday’s announcement of a slowdown in inflation in the United States, which could prompt the Federal Reserve (Fed) to adopt a less restrictive policy than expected in the coming months.

In this context, investors will analyze Thursday the statistics on producer prices in the United States for the month of July. The rise in producer prices should also have slowed in July, to 0.2% over one month, after 1.1% in June, according to a consensus established by the Wall Street Journal.

On the corporate side, biotech firm Valneva lowered its revenue forecast for 2022 as its losses widened more than expected in the first half of the year. Over the period, the biotech recorded a net loss of 171.5 million euros, compared to a net loss of 86.4 million euros a year earlier, mainly due to the operational loss linked to the Covid program. -19. For the current financial year, Valneva is now aiming for a turnover of 340 million to 360 million euros, whereas last month, the biotech still considered itself able to achieve a turnover at the bottom of the range of 430 to 590 million euros.

Vinci Energies, one of the divisions of the construction and concessions group Vinci, announced on Wednesday evening the signing of an agreement to acquire the major part of the IT services (information technology) activities of the German company Kontron AG, specialized in the field of connected objects in Europe. This acquisition represents revenue of around 360 million euros for a full year.

-Alice Doré, Agefi-Dow Jones; +33 (0)1 41 27 47 90; [email protected] ed: LBO

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August 11, 2022 02:36 ET (06:36 GMT)

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