The control room of Euronext, the company that manages the Paris Stock Exchange (AFP/Archives/ERIC PIERMONT)
The Paris Stock Exchange was hovering around equilibrium in early trading on Thursday after a report of discussions by US central bank officials unsurprisingly but which somewhat reduced hopes for a more accommodating monetary policy.
The flagship CAC 40 index rose by 11.20 points (0.17%) to 6,539.52 points around 9:40 a.m., in a still low trading volume. The day before, it had fallen 0.97%, ending a series of five modest increases.
The minutes of discussions from the last Fed meeting, the minutes, published after the Paris close on Wednesday were “unclear regarding the intentions of the American central bank” (Fed), according to John Plassard, an investment specialist. at Mirabaud.
Investors are hoping and watching for signs of a pivot from the Fed towards a more flexible monetary policy, with a slowdown in the rise in its key rates.
But the minutes “nevertheless confirmed the determination” of officials “to bring inflation back to the target” of 2% over one year, against more than 8% currently, which will take some time, report analysts of the Deutsche Bank.
Only a few secondary economic data in the United States on jobless claims, construction or the manufacturing sector will animate the session.
One less option for Valneva
The US Department of Defense has decided not to exercise the second annual option of the contract for the supply of the Franco-Austrian laboratory’s vaccine against Japanese encephalitis. It represented a minimum value of 36 million dollars, in addition to the 82 million of the supply contract and the first annual option.
Valneva “does not foresee any impact of this decision on its financial forecasts for 2022”, according to a press release from the laboratory, whose share fell 2.02% to 9.71 euros.
Worldline driven by Adyen
The payment specialist Worldline signed the largest drop in the CAC 40, from 1.19% to 43.31 euros, driven by the fall of more than 11% of the Dutch fintech Adyen after its results.
© 2022 AFP
Did you like this article ? Share it with your friends with the buttons below.
