Up 1.3% at the best of the session, the Paris Stock Exchange failed to preserve this rebound on Thursday, as operators became aware that Wall Street was once again going to weigh on the trend. .
In New York, the three major indices are moving in the red, from 0.3% to 0.6%. Investors remain under the influence of the latest information from the minutes of the Fed, unveiled last night, which show that its members are ready to be more offensive in order to curb inflation, at the risk of causing an economic slowdown, or even a recession. They believe that 50 basis point hikes in the fed funds rate might be appropriate for this purpose, rather than a quarter point pace. The central bank also plans to reduce the size of its balance sheet by $95 billion per month.
After the Fed, the ECB
After these minutes from the Fed, investors learned on Thursday of the minutes of the last ECB meeting. It shows that the Board of Governors was divided last month between supporters of monetary tightening and supporters of a wait-and-see position.
Some of the board members were leaning towards setting a specific date for the end of the asset purchases, which would have paved the way for a possible rate hike in the third quarter. The report notes that ” the three conditions set by the indications on the future development of monetary policy before an upward adjustment of the main ECB interest rates were already met or were close to being met “.
At the close, the Cac 40 lost 0.56%, to 6,461.68 points, in a trading volume of 4.17 billion euros.
Eurofins Scientific leads the CAC 40
Biggest rise in the flagship index, Eurofins Scientific gained another 3.3%, most likely benefiting from the recent multiplication of food scandals. Other value of health, Sanofi took 1.5%.
Crossroads still takes almost 2%. According to a survey carried out by Bloomberg among 20 traders, the distribution giant is at the top of the European companies likely to be the subject of a takeover offer, ahead of Eutelsat (+1%).
Euronext rose 1.1%. Credit Suisse has started monitoring the “outperforming” trading platform with a price target of 96 euros.