CAC40: In contact with 6670 despite J. Powell’s words – 03/23/2022 at 10:25

(CercleFinance.com) – The CAC40 starts the session slightly higher towards 6672 points (+0.2%), a gain that would prolong the positive momentum of the day before observed in all European markets (+1.2% in Paris , +1% in Frankfurt, +0.5% in London).

“Jerome Powell’s warning of a 50 basis point rate hike fueled a two-day selloff in fixed income assets, while equity markets remained confident in economic growth,” Liberum said.

‘Depit de rendements en hausse et d’un aplatissement supplémentaire de la courbe des rendements en Allemagne et au Royaume Uni, les technologiques et financiers ont surperformé en Europe, alors que l’energie et les materials sont restés à la traine’, poursuit -He.

Turning to the day’s stats, traders took note of UK February inflation in the morning. According to the Office for National Statistics, UK consumer prices increased at an annual rate of 6.2% in February, a rate that rose 0.7 points from the previous month and reached a new 30-year high.

We now expect last month’s new home sales in the United States by mid-afternoon.

In terms of securities in Paris, TotalEnergies announced Tuesday night that it would stop buying oil and oil products from Russia, as soon as possible and at the latest by the end of 2022, and began a suspension of its activities in the country.

L’Oréal announces the successful launch of its first bond issue for a total nominal amount of €3 billion, an issue that received a total demand of €10.7 billion, more than 3.5 times the combined volume of supply.

Stellantis announces its support for the Automotive Cells Company (ACC) development plan to transform the Stellantis factory located in Termoli, Italy, into a new battery production site. The group thus closes the agreement that integrates Mercedes-Benz as the company’s new equal partner with TotalEnergies/Saft and Stellantis.

Virbac posts a current net income of up to €117.8 million for 2021, up 53.3%, as well as a current operating income of up to €168.9 million up 42.4%. A net dividend of 1.25 euros per share will be proposed for the last year.

The Seb small appliance group announces the entry into its capital of the Lac1 fund, managed by Bpifrance on behalf of French and international investors, its fifth investment since its creation in 2020.

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