The control room of Euronext, the company that manages the Paris Stock Exchange (AFP/Archives/ERIC PIERMONT)
The Paris Bourse ended in sharp decline of 1.27% on Friday, still concerned about the evolution of inflation which raises fears of a stronger than expected tightening of monetary policies by central banks.
The star CAC 40 index fell 89.95 points to 7,011.60 points, the day after a drop of 0.41%.
Over the week, it recorded a small increase of 0.87% thanks to its first three sessions in progress.
The acceleration of inflation in the United States (+7.5% over one year, the highest rate since 1982) has reinforced fears that central banks will withdraw their monetary support from the market earlier and more strongly than anticipated.
St Louis Federal Reserve chief James Bullard said he was convinced on Thursday of the need to raise the US central bank’s key interest rates by 50 basis points in March, double what is commonly applied. , to achieve an increase of 100 basis points, or 1%, by July.
Many analysts now expect up to seven rate hikes from the US central bank this year, with the first in March. And some even fear that the Fed does not wait for its next meeting in mid-March to make a first increase.
After the latest statements from central banks, bond rates have risen sharply, the yield on ten-year US government bonds crossed the 2% threshold on Thursday, for the first time since June 2019. It was worth 2.05% on Friday . The French sovereign rate for the same maturity was at 0.76%, the highest since November 2018.
EDF shares lost 2.39% to 8.40 euros. The group has as planned lowered its forecast for nuclear production in France for next year, after having already done so for 2022, due to corrosion problems and a heavy maintenance program.
The pan-European stock exchange operator Euronext, which had the “best year” in its history in 2021, however fell 2.60% to 82.50 euros, as investors were disappointed with a slight increase in costs.
Faced with financial difficulties and heckled on the stock market, the computer giant Atosd has announced a simplification of its governance around three business lines in the hope of “accelerating its return to growth”. The action rose 4.28% to 33.40 euros.
© 2022 AFP
Did you like this article ? Share it with your friends with the buttons below.
