Cac 40 will scrutinize three major European summits with a view to possible sanctions against Russia.Morning meeting

The Paris Stock Exchange is in the process of stabilizing after rising, falling again by nearly 1.2% in the last two sessions. This trend again depends on changes in oil prices and the latest developments in Ukraine, as Joe Biden will attend NATO, G7 and European Union conferences.

The United States and the Old World are approaching an agreement aimed at reducing Russia’s dependence on gas and oil, Bloomberg reports US officials. Trading may take place on Friday. New sanctions against Russia will also be announced at three events of the day. So far, the Brent barrel from the North Sea is stable at around $ 117.707.

Moscow demands payment of ruble gas

At a purely military level, NATO Secretary-General Jason Stoltenberg said that the organization is Significant increase Of his army on his eastern side during the extraordinary summit scheduled for Thursday.

Vladimir Putin goes beyond the possibility of new sanctions on Russia and Moscow pays for Russia’s gas Not friendly “. Engie He said the contract with Gazprom provided for gas payments in euros, adding that there was no provision allowing sellers to change currencies. The French group also announced its intention to sell about 8% of GTT as part of a private placement with institutional investors. As a result, we will continue to withdraw from the manufacturer of liquefied natural gas transport membranes.

At the macroeconomic level, the market monitors the PMI index of activity in various countries in the euro area and in the private sector of the United States. These are the first investigations since the outbreak of the war in Ukraine. It will also be followed by traditional weekly unemployed billing in the United States and orders for durable consumer goods in February.

Finally, note that the Moscow Stock Exchange will be partially reopened on Thursday after being closed for a month, the longest period since the collapse of the Soviet Union in 1991.

Business news is closely tied to Russia. Renault Announced a suspension of operations in Russia, indicating that it is valuing options for a 68% stake in Russian car maker Avtovaz. Thus, the French group has revised its 2022 financial target downwards, showing that it expects first-half results, the value of assets in Russia, to be at an exceptional cost of nearly € 2.2 billion. rice field.

Sanofi Stop new spending unrelated to the supply of the drug. ” Necessities “Russian and Belarus vaccines,” Shocked and saddened by the brutality of Russia’s attack on Ukraine “.

Danone Maintain local production of essential dairy and baby nutrition products in Russia, according to internal documents found by The Wall Street Journal.. The French agribusiness group said it has ceased non-significant imports and exports to the country, especially for the Evian and Alpro brands, and for all investments, including advertising and consumer promotion.

Jeffreys downgraded in analyst evaluation L’Oreal From “hold” to “under performance”, the target price is 314 euros.