The Paris Stock Exchange should fall back on Friday at the opening, following the trend on Wall Street the day before, disturbed by the latest statements from the future number 2 of the American Federal Reserve (Fed).
The futures contract for the star CAC 40 index fell 0.60% about forty minutes before the opening of the session. Thursday, the index was down 0.50%.
Wall Street could not maintain its rebound on Thursday and concluded on a sharp decline, after data in line with expectations for inflation in the United States.
Faced with prices that have climbed 7% in 2021, their biggest rise in nearly 40 years, the powerful American central bank is determined to act, and quickly.
Before a Senate committee, Lael Brainard, the future vice-president of the Fed, said she was very concerned about the high level of inflation.
We hear from working families across the country talking about inflation… We have a powerful tool and we will use it, she said.
Its weapon: key rates, which it is preparing to raise faster than expected, probably as early as March. The objective: to increase the cost of credit and, in turn, to reduce consumption.
One of the governors of the Fed, Christopher Waller, said on the Bloomberg TV channel to be in favor of a first rate hike in March, of 0.25 points, but no more.
He then anticipates three hikes in 2022, but, if inflation in the second half of the year continues to be high, we could have four or five hikes.
Ipek Ozkardeskaya, analyst for Swissquote, notes that the optimism aroused by the less accommodating speech of the chairman of the Federal Reserve (Fed), Jerome Powell, and inflation figures no higher than expected early in the week was short-lived as other monetary policy committee officials failed to beat around the bush and hinted at an impending US rate hike.
Comparative savings books : 9 offers compare, up 3% yield
Investors will also focus on the first results of companies, whose quarterly publication begins this Friday with several US banks.
EDF: the French group announced Thursday evening that it was suspending one of its financial forecasts, that of its ratio of net financial debt to Ebitda, which it is no longer certain to hold after announcements by the French government which asks it to sell more electricity at low cost to its competitors.
SMCP: the Chinese group Shandong Ruyi, which lost at the end of 2021 the rank of majority shareholder of the French accessible luxury group SMCP (Sandro, Maje, Claudie Pierlot, De Fursac), could well also lose control of its board of directors Friday, during a general meeting convened by the courts.