2023-06-06 07:12:10
The star CAC 40 index fell 0.89 points to 7,200.02 points around 9:30 a.m. On Monday, it fell 0.96% following mixed US economic data, offsetting the dynamic data published on Friday.
For Deutsche Bank analysts, a recession in the United States is a “logical continuation”, following the most aggressive monetary policy for decades, with strong increases in the key rates of the American Central Bank (Fed).
The Fed has floated the idea of a pause in rate hikes over the next few months, but investors remain cautious ahead of the next meeting, a week away.
The Australian Central Bank decided on Tuesday to raise its key rates once more, defying the forecasts of market players, and justified it by inflation that is still too persistent.
In Europe, the President of the European Central Bank (ECB) Christine Lagarde repeated on Monday that prices in the euro zone remain under “strong pressure” and that underlying inflation, apart from energy and food, may not have peaked.
The ECB fears that a wage-price spiral may set in which might anchor inflation for the long term.
On the bond market, the interest rate of the French 10-year loan fell slightly Tuesday morning, to 2.90%, following two sessions of sharp rise.
Safran targets certain assets of Raytheon Technologies
The French aeronautical equipment and engine manufacturer Safran (-0.12% to 137.08 euros) confirmed on Monday “to be in discussion” for “the potential acquisition of certain flight control and actuation activities” from the American group. Raytheon Technologies.
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