(CercleFinance.com)-Slightly outperformed CAC40 (-1.4% to 6,560) polarity reversal (6,680 zone retest): Europeans reveal new sanctions against Russia, while trends are rapidly trending I found myself surprised by the announcement of Vladimir Putin, which has increased but bans payments of gas imported from Russia in dollars or euros. This means paying in rubles … buyers don’t have it and have a hard time getting it The assets of the Central Bank of Russia are frozen by the countries participating in the sanctions increase.
Immediate results: gas prices soar (+ 15% to 114E in megawatts), “Brent” oil prices rise + 5.5% towards $ 120.9, WTI shatters $ 116, peaking in March Approaching … 2012.
The consolidation will affect all European markets (-1.4% in Paris, -1.5% in Frankfurt, -1.7% in Eurostock), but the fixed income market remains close to the worst of the year. OAT recorded 0.9400% compared to 0.965%. The day before, a level well above the “peak” of 0.8% before 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 2.345% 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.
Regarding the statistics for the day, operators focused on February inflation in the UK in the morning. According to the National Bureau of Statistics, consumer prices in the UK rose 6.2% annually in February, up 0.7 points month-on-month, hitting a 30-year high.
We expected new home sales in the United States last month. The Department of Commerce announced in February that new home sales fell by 2%. This represents 772,000 annual CVS volumes, compared to 788,000 in January (corrected from the original estimate of 801,000).
In Paris, Worldline values, Renault is a -3.5% red lantern, outpacing Kering and BNP-Paribas (stopping activity in Russia) -2.6%.
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.