The Paris Bourse is back on the first stock exchanges, the growth of banks and TotalEnergies for the moment offsets fears of a slowdown in the economic recovery. The coming week will also be full of indicators from the world’s two largest economies.
In Hong Kong, the Hang Seng index slipped 2.1% after a Financial Times report that Chinese officials said Alipay wanted to split the payment. Ant Group billionaire Jack Ma’s two-unit platform. The major-cap CSI 300 on the Shanghai and Shenzhen stock exchanges lost 0.4%, while the Nikkei 225 in Tokyo closed at 0.2%. On Wall Street, the Dow Jones and S&P 500 recorded on Friday. their fifth drop due to 8.3%. annual rise in producer prices in the United States in August. Whether or not inflation is transient remains critical for investors on the eve of the consumer price release last month. The market will also monitor retail sales on Thursday. In China, attention will shift to industrial production and retailing on Tuesday.
The prospect of a decline in the US Federal Reserve continues to haunt the markets following news of a $ 120 billion monthly cut in monthly Fed purchases – Expect dollars in November or December. Patrick Harker, chairman of the Philadelphia Fed, told the Nikkei newspaper that if inflation persists, it is desirable to put this process in place by the end of the year. The Fed’s Monetary Policy Council is scheduled to meet on September 21-22, with a focus on the institution’s new economic outlook.
Another area of concern for the markets is funding for Joe Biden’s infrastructure investment plan, which is expected to be funded in part by tax hikes for wealthier businesses and households. Facing opposition from Republican lawmakers, Democratic Senator Joe Manchin expressed doubts over the timing of the bill’s discussions in Congress.
TotalEnergies rose 1.6% on higher crude oil prices as shipments to the United States following Hurricane Ida will be slow. to resume.
BNP Paribas, Crédit Agricole and Société Générale rose between 1.1% and 1.5% thanks to the rise in bond yields.
Valneva fell 41%. The biotech has announced that it has obtained the termination of the agreement with the British government for the delivery of its candidate vaccine against Covid-19, VLA2001. The contract with Britain called for Valneva to deliver 100 million doses of vaccine in 2021 and 2022, with an option for 90 million additional doses by 2025. Valneva had estimated the total value of those doses at 1.4 billion euros.
Dassault Aviation gains 2%. Greece has ordered six additional Rafales from France, said Federal Defense Minister Florence Parly.
Getlink appreciates 2.2%, HSBC has raised its recommendation on the title of the Channel Tunnel operator to “keep” to “buy” and its target price of 14.80 to 15.25 euros.
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Associated title: – The Cac 40 supported by banks and TotalEnergies, Valneva weighed down by the setback in Great Britain – CM – Backed by Banks and TotalEnergies, Cac 40, Valneva overwhelmed by its setback in the United Kingdom
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– The Cac 40 backed by banks and TotalEnergies, Valneva weighed down by its setback in the United Kingdom
– EM – Backed by banks and TotalEnergies, Cac 40, Valneva weighed down by its reverse in the United Kingdom