AFP, published on Thursday, May 19, 2022 at 6:38 p.m.
The Paris Stock Exchange closed once more down 1.26% on Thursday, as investors feared the impact of inflation on economic activity following bad news in the retail sector.
The star CAC 40 index lost 80.23 points to 6,272.71 points, the day following a drop of 1.20%.
Investor concerns regarding inflation materialized this week with the publication of results from two US supermarket groups Target and Walmart, weighed down by rising prices.
“There are fears regarding the resistance of consumption and therefore regarding economic activity: distributors are really on the front line to see changes in consumer behavior”, comments to AFP Clémence de Rothiacob, manager at Richelieu. Management.
In France, Carrefour lost 3.18% to 19.46 euros while Casino fell 2.38% to 17.20 euros in the broader SBF 120 index.
Central banks are showing their determination to raise their key rates sharply in the coming months to fight inflation, a threat to equities that investors do not like because it risks penalizing economic activity.
“As long as we do not see the peak of inflation, it will remain complicated on the markets”, assures Ms. Rothiacob.
Orpea widens its losses
Orpea fell once more by 9.82% to 24.52 euros following new revelations regarding a case concerning the leaders.
The group of private nursing homes had already lost more than 19% on Wednesday following revelations from Mediapart according to which it would be threatened by a “financial scandal” because of a Luxembourg company which was investing in its residences and would have carried out ” dubious transactions”.
The company assured Thursday in a statement “not to identify in the state, material negative impact” related to this threat.
Derichebourg struggling following its rise in the capital of Elior
The collective catering giant Elior announced on Thursday that the recycling group Derichebourg would rise to nearly 20% of its capital by June 30 by buying back shares from the company BIM, Elior’s main shareholder, and from Gilles Cojan.
In the followingmath, Derichebourg plunged 14.38% and Elior lost 4.88%.
Euronext CAC40
