Sixth session fall in Paris, Cac 40 below 6,000 points, market news

The Paris Stock Exchange rose 0.9% early in the morning after falling 8% in five days, the Paris Stock Exchange quickly returned to minus, yielding more than 1% before slightly reducing its losses. Investors continue to be nervous in anticipation of accelerating monetary policy tightening by central banks in an attempt to contain the price spike.

In the United States, producer prices rose 0.8% last month and 10.8% year on year, against 0.8% and 10.9% respectively, according to Bloomberg. Excluding food and energy, growth was 0.5% for the month and 8.3% for the year (forecast + 0.6% and 8.6%). In Germany, according to the agreed data of the European Union, the growth of consumer prices was confirmed by 1.1% for one month and 8.7% for the year.

Around 2:45 p.m. Bedroom 40 fell 0.46% to 5,994.96 points, remaining at three-month lows, with a business volume of 1.52 billion euros. Contracts future In June, US indices rose from 0.6% to 1.3%. On Monday, the S&P 500 fell 3.9%, entering a bear market (bear market) after falling more than 20% from its highest level in January, while signing its one-year low.

Is the ECB ready to accelerate in September?

Klaas Knott, a member of the ECB’s governing board, believes the central bank will have to raise interest rates by more than 25 basis points in September if conditions do not change. ” The next level is to increase rates by 0.5 points, but our opportunities are not necessarily limited to this. “The president of the Central Bank of the Netherlands told the diary World.

For investors, more offensive attitudes by central banks are a major risk for European stocks, followed by the global recession and inflation, according to a survey of managers in the Bank of America, which shows that respondents’ expectations of growth are at an all-time low.

The Federal Reserve begins a two-day meeting of its monetary policy committee on Tuesday. The probability of an increase of 75 basis points tomorrow was estimated by the market at about 5% on Friday, before inflation statistics shook the situation. At the opening on Monday it was estimated at 50%, and on Tuesday – 94%.

These expectations are further confirmed by the article Wall Street Journal assuming that the increase in power is expected as a result of a new surge in inflation to 8.6% in one year, which is the highest level since the end of 1981. An increase of 75 basis points would certainly be unexpected, as the Fed is doing. It is an honor to manage monetary policy expectations correctly, but a gesture of this magnitude is widely accepted.

Atos splits into two, leaving the CEO

Athos decreases by another 20.6%. The digital services group announced on Tuesday that it intends to split into two separate companies, and this strategic decision will lead to the departure of CEO Rodolphe Belmer by the end of September. Atos also announced the sale of its entire stake in the payment specialist World line, or 2.5% of the capital by approximately 225 million euros (33.41 euros per share). The latter loses 6.5%.

Air France-KLM fell 10.1% to its lowest level in history The airline completed a capital increase of 2.25 billion euros, an operation after which global logistics specialist CMA CGM owns 9% of the capital of the airline group. Stifel, who is skeptical of the carrier’s track record, reiterated his recommendation to “sell”. The broker believes, in particular, that equity should remain negative.

Michelin yield 2.5%. JPMorgan reduced the tire manufacturer’s performance from “neutral” to “underweight” and reduced the target price from 140 to 110 euros. Among other analytical ratings, Citi has moved from “neutral” to “buy”. nokia (+ 2.9%).

against the trend Agricultural credit, Societe Generale and BNP Paribas rose from 0.7% to 2.1% as the Stoxx 600 Banking Index rose 1.2% after falling nearly 10% in five days.