2023-09-12 08:36:04
Paris (awp/afp) – The Paris Stock Exchange was down 0.25% on Tuesday, with investors being cautious on the second day of a busy week, during which American inflation and a rise in inflation are mainly expected. meeting of the European Central Bank.
After opening slightly in the green (+0.17%), the flagship CAC 40 index reversed course and fell 19.53 points to 7258.74 points around 10:05 a.m.
“At the start of the week of all dangers”, investors are holding their breath before “the publication of American inflation figures” on Wednesday and especially before “the meeting of the European Central Bank (ECB)” on Thursday in Frankfurt , estimates John Plassard, investment specialist at Mirabaud.
During this monetary policy meeting, the institution will have to choose between raising its rates for the tenth time in a row or decree a pause, with a disappointing inflation trajectory and a gloomy economic situation.
Its president “Christine Lagarde might be tempted to raise interest rates one last time to control inflation, but the decision will not be easy,” says Mr. Plassard, estimating that investor opinions are divided on the subject.
In July, Ms. Lagarde affirmed that both options were possible at the start of the school year, a year following the launch of the fastest rate increase cycle in the history of the institution, then she remained silent during her last interventions .
“There is no certainty as to the decision that the ECB will take this week,” also believes Ipek Ozkardeskaya, analyst at Swissquote Bank.
“Everyone agrees that the situation in the euro zone is not brilliant,” she says, recalling that the European Commission itself had revised downwards the outlook for the zone’s economy. euro.
Red card for Rally
The Financial Markets Authority (AMF) announced Monday evening that it had imposed a fine of 25 million euros on Rallye, parent company of the struggling distributor Casino, “for having disseminated false or misleading information likely to fix the share price Rally at an abnormal or artificial level.”
Tuesday around 10:10 a.m., Casino lost 2.71%, to 2.16 euros per share, and its parent company lost 13.32%, to 0.13 euros per share.
Airbus is struggling
Airbus was in trouble on Tuesday, following the American aerospace and defense company RTX announced a charge of 3 to 3.5 billion dollars in the “next few years” for problems caused by contaminants in engines.
The Franco-German aircraft manufacturer, which will see the engines of hundreds of its Airbus 320neos inspected in advance for the detection of this defect, lost 1.11% around 07:25 GMT, to 132.18 euros.
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