The stock market is expected to fall sharply at the opening Thursday, after a tightening of tone from the US central bank, ready to act to counter inflation.
The futures contract of the flagship CAC 40 index fell 1.65% forty minutes before the opening of the session. On Wednesday, he finished up 0.81% and won his third record in as many sessions in 2022.
In Asia, the Tokyo Stock Exchange ended down 2.88% in the wake of Wall Street the day before.
The New York Stock Exchange ended sharply lower Wednesday with a loss of more than 1% for the Dow Jones, nearly 2% for the S&P 500 and a fall of 3.34% for the Nasdaq.
This trend reversal from the records reached in the first days of the year comes from the publication of the minutes of the last meeting of the Federal Reserve’s Mountain Policy Committee (Fed), which show a willingness to tackle the issue. head on inflation.
The members of the Fed have indicated, in unequivocal language, that they now plan to raise the institution’s key rate earlier and more often than expected.
Inflation continued to accelerate in November in the United States, to stand at 5.7% compared to the same month of 2020, the largest increase in prices since 1982.
In addition, it is now a question of starting to reduce the Fed’s balance sheet after the first rate hike, which has caught traders by surprise.
For Michael Hewson, analyst at CMC Markets UK, it was this last part of the report that scared the markets (…) and caused some anxiety, since it would take liquidity out of the market.
However, anticipating such a measure seems a little premature given that the Fed has not yet stopped increasing its balance sheet, and is still far from reducing it, he reassures.
Several indicators are on the agenda for the day. In Germany, industrial orders picked up again in November (+ 3.7%) after a sharp decline in October (-5.8%), in a context where factories are suffering from a lasting lack of components. , according to figures released Thursday.
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The first estimate of inflation in Germany in December, producer prices in the euro zone in November and data on US production are also expected.
Values follow
Sodexo: the group catering and services group saw its turnover jump by 18.8% in the first quarter of 2021/2022, marked by a strong improvement, without yet finding the pre-Covid activity in catering .
Socit Gnrale: via its subsidiary ALD, the banking group will buy the European car leasing number one LeasePlan for 4.9 billion euros.
Coface: Natixis has announced its intention to divest itself of the 10% stake it still had in the capital of the credit insurer Coface.