After a jump of 4.8% in three sessions, which allowed him to win 6,200 points, Bedroom 40 took a breather on Wednesday, yielding 0.27% to 6,184.66 points, with trading volume still just 2.9 billion euros. The statements of the Russian Minister of Foreign Affairs, Sergey Lavrov, frightened and convinced the market to be cautious, which was still gaining ground in the morning.
“Other Territories Series”
In an interview with local media, he claimed that military goals in Ukraine are no longer limited to the east of the country, but also concern ” a number of other territories. The geography is different now. These are not only the Donetsk and Luhansk People’s Republics (separatist territories in the east of Ukraine, ed.), it is also the Kherson and Zaporizhia regions (in the south, ed.) and a number of other territories, and this process continues constantly and persistently “, he began. This statement was made on the eve of the resumption of the Nord Stream 1 gas pipeline, the repair of which has been ongoing since July 11. The resumption will be with a smaller flow, however, Moscow warned. The European Commission, which has become suspicious, has already asked the member states The EU should do more to reduce gas consumption, ideally by at least 15% compared to the average of the last five years for the same period.Er August and March 31, 2023.
What is the future for Draghi and Italy?
Difficulties that never arrive alone, Italy and Brussels hang on the lips of Mario Draghi. The president of the Council of Italy, whose resignation was rejected by President Sergio Mattarella, addressed the parliament on Wednesday. ” Those who expected a complacent conversation, discarding points of friction with the majority parties, had to change their minds. Draghi made Draghi comments of our colleagues from Il Sole 24 ores. During his speech in the Senate, the President of the Council listed one by one all the items on the government’s agenda that would have to be fulfilled if he remained in Palazzo Chigi.. Among them are competition reforms, including incentives for seaside resorts and regulations for taxis, a new decree on supporting the purchasing power of families or aid to Ukraine. The MPs’ vote of confidence in Mario Draghi should take place at the beginning of the evening, around 19:30, the Transalpine press reports.
Over the past 131 years, Italy has had 162 governments, the average duration of which was about 3 months. Draghi’s administration, which has been in power for almost 18 months, has achieved better results.
— Marjorie Encelot (@marjoriencelot) July 20, 2022
” Italy adds a new level of risk to an already very difficult situation, but we believe the bar is high for the ECB to deviate from its strategy says Frédéric Ducrose, Head of Macroeconomic Research at Pictet Wealth Management. On Thursday, the European Central Bank will raise its key rates for the first time since 2011, but will it be 25 basis points or 50 basis points? Press agency Reutersciting sources familiar with the matter, suggests a 50 basis point hike is on the cards.
The institution is also eagerly awaited for its anti-fragmentation tool (Transmission Protection Mechanism – TPM), designed to calm tensions that make the cost of debt very high for some states. ” There is a risk that some details are missingwarns Frederic Ducrose, but market expectations do not seem too optimistic and we still expect TPM to be bold, flexible and robust enough to prevent a sustained widening of peripheral bond yield spreads over the medium term. »
As for the values, the distributor Crossing increased by 0.68% after signing an agreement to sell its 60% stake in Carrefour Taiwan to the Uni-President group, a large conglomerate that is represented, in particular, in the food sector. This transaction strengthens the weight of Carrefour’s key markets in Europe and Latin America, while allowing it to leave Southeast Asia.
well oriented Publicis took 1.53%, thanks to the results of the American Omnicom. The latter reported an increase in earnings per share to $1.68. US in the second quarter and a 0.7 point improvement in gross operating margin to 15.8%. Publicis is due to report quarterly results on Thursday.
And vice versa, Virbak fell by 9.81%, to the last position in SRD. After an excellent start, thanks in part to the storage effect, turnover in the second quarter showed the first signs of normalization in the veterinary laboratory market.