Cac 40 weakened by the risk of a slowdown in China and the strengthening of the Fed, market news

The Paris Stock Exchange continues to fall on Monday morning after falling 4.2% last week. Tightening monetary policy and tightening health care restrictions in China continue to fuel fears of a slowdown in the global economy, thus maintaining investor risk aversion. The fate of Ukraine will also be at the center of the session on the occasion of Russia’s celebration of victory in 1945.

At 9:30 p.m. Bedroom 40 lost 0.54% to 6,224.85 points with a business volume of 260 million euros.

This morning, Asian markets remained depressed due to stagnant exports and a slowdown in Chinese imports to their lowest level in 20 years amid de facto economic paralysis due to tightening health restrictions in Shanghai and Beijing. Prime Minister Li Keqiang also warned about the situation on the labor market, which he described as ” complex and serious Which does not prevent the government from holding on to its “zero Covid” policy. In Tokyo, the Nikkei 225 fell 2.5% and the Chinese CSI 300 fell 0.8%. The Hong Kong Stock Exchange closed on Monday.

On Wall Street, the Dow Jones closed its sixth week in a row with a fall on Friday, while the S&P 500 and Nasdaq Composite experienced their fifth week in a row, the longest bear series in more than 10 years. Last Wednesday, the US Federal Reserve announced an increase in interest rates by 50 basis points, trying to curb the biggest price jump in 40 years. Higher-than-expected jobs last month also strengthened the Fed’s hawk camp. In the bond market on Friday, the yield on 10-year US bonds closed at 3.1265%, which is the highest figure since the end of 2018.

On the way to the peak of inflation in the United States?

Inflation will be discussed again this week with the publication on Wednesday of the consumer price index for April in the US. The consensus established by Bloomberg predicts a slowdown to 8.1% in one year after 8.5% in March, which gives hope that the peak has been reached. Several Fed officials are due to speak this week, and President Biden is due to make a statement on inflation on Tuesday.

In Europe, the main event will be Russia’s celebration of the May 1945 victory over Nazi Germany. Vladimir Putin is preparing to deliver a speech during which he will be able to officially declare war on Ukraine, which will allow him to mobilize reservists. Chance of the calendar, this May 9 is also Europe Day. G7 leaders pledged on Sunday to move gradually towards an embargo on Russian oil, thus joining the proposals of European Commission President Ursula von der Leyen.

JPMorgan for purchase in Europe

Cyclical actions suffered the most. ArcelorMittal loses 3.6%, Schneider-Electric 1.3% and Renault 1.4%.

Europe increased by 6.4%. JPMorgan has started monitoring an active pharmaceutical ingredient specialist selected from Sanofi with a recommendation for “overweight”. Sanofi inferior to 1.5%

Danone decreased by 1.2%. The agri-food giant has announced that it has reached an agreement to sell its 25% stake in Yashili to China’s Mengniu, as well as a 20% stake in the Inner Mongolia Dairy joint venture.

Lagarder The group announced that the Qatari fund Qatar Holding does not intend to put its shares up for tender. Livingwhich lost 0.7%.