The Paris Stock Exchange is expected to fall at the opening on Tuesday amid feverish markets at the idea of a visit to Taiwan, more and more likely, by the speaker of the American House of Representatives Nancy Pelosi.
The futures contract for the star CAC 40 index fell by 0.29% around forty minutes before the opening of the session. The day before, the square ended down slightly at 6,436.86 points after having experienced its best monthly performance in July since November 2020.
The markets are paying close attention to Ms. Pelosi’s Asian tour, which could give rise to a visit to Taiwan on Tuesday evening and Wednesday, and are worried about the tensions between China and the United States.
In Asia, stocks have collapsed on fears of a possible Sino-US escalation and the situation could quickly deteriorate, notes Stephen Innes of SPI Asset Management.
The representative of the members of Parliament would be, if her visit is confirmed, the highest American official to visit the island since her predecessor Newt Gingrich in 1997.
But Beijing considers the island as part of its reunified territory, by force if necessary, and has repeatedly warned Washington against a visit by the senior official, which would be seen as a major provocation.
That visit is rubbing off on the markets today, Innes said, noting that investors are caught between escalating tensions in the Taiwan Strait and growing concerns about a slowing economy with rather disappointing indices since the last week, from China to the United States via the euro zone.
Values follow on Tuesday
Bouygues Telecom: the operator recorded a turnover increase of 5% over one year in the first half of the 2022 financial year, 3.636 billion euros, revising its outlook for this financial year upwards, he said. announced in a press release on Tuesday.
Bonduelle: the French specialist in canned and frozen vegetables saw its turnover grow slightly during its 2021-2022 financial year, but the rise in its production costs and the difficulties of its fresh activities in America will prevent it from expanding. achieve its goals, he confirmed on Monday.
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Vilmorin: the French seed company indicated on Monday that it exceeded its annual sales target despite the Russian-Ukrainian conflict, with 1.58 billion euros, but warns that its net result will be down on the previous year.
Alstom: the railway manufacturer has completed its acquisition of Bombardier Transport, notably by selling its Alsatian factory in Reichshoffen (Bas-Rhin) to its Spanish competitor CAF, the two groups announced on Monday.
SMCP: the textile group SMCP (Sandro, Maje, Claudie Pierlot and Fursac) achieved record sales in the first half of the year and multiplied by 20 its net profit which returned to its pre-pandemic level, which allows it to confirm its forecasts for 2022 despite the impact of Covid-19 in Asia.
Valneva: the Franco-Austrian bio-tech confirmed on Monday the signing of the amendment to the purchase contract with the European Commission for its vaccine against Covid-19.