Cac 40 is integrated and always pays attention to Ukrainian files and oil prices.Market news

The Paris Stock Exchange is proceeding with the integration after seven consecutive rises in 10 days. Investors continue to pay attention to Ukrainian trends and changes in oil prices. Die Zeit, German Chancellor Olaf Scholz opposes Russia’s gas and oil embargo. Ukrainian President Volodymyr Zelensky must also address French lawmakers and senators at a video conference starting at 3:00 pm.

Joe Biden will begin his trip to Europe this Wednesday in an attempt to convince his partner to adopt new sanctions against Moscow. The President of the United States will not only attend the NATO Summit in Brussels on Thursday, but also the European Council and the G7 Summit.

During the session Bedroom 40 With a sparse trading volume of 800 million euros, it decreased by 0.51% to 6,625.27 points.Agreement futures The US index fell between 0.3% and 0.64% in June.

Is the Fed lagging behind inflation?

At the same time, markets are trying to assess the consequences of the tone changes adopted by the Federal Reserve to curb inflation and their impact on bond markets. Jerome Powell favors accelerating the normalization of U.S. monetary policy, raising interest rates by 50 basis points in May as U.S. inflation peaked at 7.9% in February for 40 years. Did not deny the outlook. This decision seems to reassure investors while pushing bond yields to levels not seen for at least three years, but yield differences between long-term and short-term interest rates are generally a precursor to a recession. We are heading for a reversal. Yields on US Treasuries fell nearly 3 basis points to 2.3572%, while German American Bund yields with the same maturity fell by the same amount to 0.4670%.

The market welcomes the Federal Reserve’s determination to fight inflation, but the central bank of the United States simply says ” Determining the worst policy to correct the terrible mistakes it made by making inflation worse. Ipek Ozkardeskaya, an analyst at Swiss Quart, said. But she adds that the good news is that Jerome Powell has so far gained market support.But this support If economic indicators begin to decline and corporate profits slow down, they can decline rapidly. “.

Air Liquide at the top of Cac 40

In the UK, consumer prices rose 6.2% year-on-year in February, the highest in 30 years, compared to 6% expected by the market and 5.5% in January. Across the line, the Ifo Institute for Economic Research has lowered its German economic growth forecast this year from 2.2% to 3.1%, compared to the previous 3.7% due to the war in Ukraine.

TotalEnergies Brent prices rose 0.9%, partly due to the rise to over $ 118 a barrel.The group says it has been decided One-sidedly “Do not enter into or renew contracts for the purchase of Russian oil and petroleum products in order to suspend these purchases.” As soon as possible, at the latest by the end of 2022 “.

Liquid air It increased by 2.2%. The group has signed a purchase agreement for 1.2 million shares, or 0.25% of the capital, with a maximum unit price of € 200. In addition, Goldman Sachs has added the stock to its list of preferred stocks.

Conversely, bank and car stocks struggled to release. BNP Paribas Lost 1.1%, Agricultural credit 1.4%, Renault 0.8% and Valeo 2.1%.

Cebu Increases by 1.4%. Bpifrance, a public investment bank, has announced that its Lac1 fund has invested in the capital of a specialist in small household appliances. Bpifrance does not elaborate on this investment or the percentage of Seb’s capital held by Lac1.