(CercleFinance.com) – The Paris stock exchange has been completely at a standstill since the opening, fluctuating by 0.1% on either side of 6.666Pts (ex-zenith of June 16).
The Euro-Stoxx50 appears just as frozen around ‘zero point’, despite the 0.5-0.7% rise in US indices which moved a little closer to their historic highs yesterday, with an S&P and a Nasdaq at + 0.7% and a Dow Jones at + 0.5% (and 0.5% of its all-time high).
In Europe, investors have not reacted to the inflation figures in the euro area, which is in line with expectations: it stood at 3.4% in September, against + 3% in August, say figures released Wednesday by Eurostat, the statistical office of the European Union.
Within the European Union, the same ‘sequential’ variation: the annual inflation rate stood at 3.6% in September, against 3.2% in August.
According to the strong Eurostat contributions come from energy (+ 1.6%), followed by services (+ 0.7%), industrial goods excluding energy (+ 0.6%) and food, alcohol & tobacco (+ 0.4%).
The barrel of Brent fell -0.6% below the threshold of 85 dollars in London (to 84.25 $) while WTI sagged below 83 dollars after returning yesterday to levels close to seven-year records.
While some observers are starting to talk about an ECB rate hike by January 2023, the tension in bond yields is also affecting Europe.
The publications of company results that will also come into being to get a better idea of the impact of rising prices on company margins.
In the United States, Netflix did not disappoint yesterday by committing a profit of 3.19 dollars per title, 25% higher than the consensus, with the arrival of 8.5 million new subscribers … but the title is expected to decline this Wednesday, despite a positive reaction Tuesday evening at 10:10 pm.
In the news of French stocks, the auto sector sulfur: Faurecia fell by -5.5%, Valeo by -3.8%, and Renault by -4.4%.
Valneva soars again by + 19% to 18E while Goldman Sachs raises its price target from 14.5 to 27.50E.
TotalEnergies agreed yesterday alongside its partners to take measures in favor of Scottish industrial development, as part of their participation in the ScotWind call for tenders. If the consortium was chosen, around ME 170 would invest to develop the Scottish supply chain, the energy group has pledged.
Eurofins announces that it is facing a growing demand for Covid-19 tests in schools, with the implementation of inexpensive testing programs dedicated to the education sector.
Finally, Ekinops announces that it has strengthened its presence in the United Kingdom by expanding its sales team and signing a distribution agreement, covering its entire portfolio of access products under its OneAccess brand, with Exertis.