(CercleFinance.com)-CAC40 is integrated (-1.2% to 6,575), but given the weakness of the downward pressure, the decline seems to be easily suppressed.
Wall Street also fell, but spreads quickly froze about 0.7%. Everything remains in control.
CAC, which started the session slightly (retested 6,680 zones) and recovered + 16% after March 7, lacked the motivation to rise. The situation for Europeans should be even more complicated. It’s a week here.
The market was astonished by the announcement of Vladimir Puttin, a settlement in the ruble, banning payments of gas imported from Russia in dollars or euros, as the EU was scheduled to announce new sanctions against Russia tomorrow. ..
Not only do gas buyers not have it, but it will be difficult to obtain it as long as the assets of the Central Bank of Russia are frozen by the countries participating in the sanctions.
Immediate results: gas prices soar (megawatt equivalent + 15% to 115E), “Brent” oil prices rise + 5.5% towards $ 121, WTI + 5% crush $ 115, 3 We are approaching the peak of the moon … 2012.
The integration will affect all European markets: -1.5% in Frankfurt, -1.4% in Eurostock), the fixed income market remains close to the worst level of the year: our OAT against 0.965% the day before. Shows 0.9450%, well above the previous “peak” of 0.8% in February (compared to -0.05% on 20 December 2021).
Wall Street has reopened from -0.8% (S & P500 and Dow Jones) to -1.1% Nasdaq. T-Bonds in the US recorded 2.375% compared to 2.38% the day before, but the 30-year-old is still flirting at 2,500%.
“Although Jerome Powell warned of a 50 basis point hike, the two-day wave of fixed income assets accelerated, the stock market remained confident in economic growth,” Liberum said.
“While the yield curve has risen in Germany and the UK and has flattened further, technology and finance have outperformed in Europe, but energy and materials have fallen behind,” he continued.
In daily statistics, the Commerce Department announced a 2% decline in US new home sales in February. This represents 772,000 annual CVS volumes, compared to 788,000 in January (corrected from the original estimate of 801,000).
Median new home sales in the United States were $ 400,600 last month. With 407,000 units at the end of February, the inventory of new homes ready for sale is equivalent to 6.3 months at current flow rates.
This morning, operators learned of record inflation in February in the UK. According to the National Bureau of Statistics, consumer prices in the UK rose at an annual rate of 6.2% in February, a sharp rise of 0.7 points compared to that. Last month, it reached the highest price in 30 years.
In Parisian values, Worldline, Kering and Publicis are -3.5% red lanterns.
TotalEnergies announced on Tuesday evening that it would end its purchases of petroleum and petroleum products from Russia as soon as possible, at the latest by the end of 2022, and phased out its activities in Russia.
L’Oréal has announced that it has successfully launched its first bond issuance with a nominal total of € 3 billion. This issue received a total demand of 10.7 billion, more than 3.5 times the total amount of offers.
Stellantis has announced support for the Development Plan of the Automotive Cells Company (ACC), which will transform its Stellantis plant in Termoli, Italy, into a new battery production base. In this way, the Group signs an agreement to integrate Mercedes-Benz as a new equal partner with TotalEnergies / Saft and Stellantis.
Virbac increased its current net income in 2021 by 53.3% to € 117.8 million and its current operating income by 42.4% to € 168.9 million. A net dividend of € 1.25 per share has been proposed over the past year.
Seb, a small consumer electronics group, has announced its entry into capital for the Lac1 fund managed by Bpifrance on behalf of French and foreign investors. This is the fifth investment since its establishment in 2020.