The Paris Stock Exchange failed to end the test week with a positive note – on Friday it ended almost stable (-0.06%), facing the slowdown in the US economy in the context of monetary tightening. The CAC 40 index ended with 5882.65 points, its lowest closing level since March 2021. Its weekly loss since Monday is 4.92%, the worst week since the Russian invasion of Ukraine. End of February.
Major interest rate hikes announced by the Central Bank on Wednesday
Industrial production in the United States slowed more than expected in May, and industrial production even declined. «In the US, these figures indicate the beginning of a slowdown“Frederic Rozier, portfolio manager at Mirabaud France, puts it in a context where more and more experts are hoping for a downturn in the world economy next year.” «There were indications of a change in American consumption from the distribution sector as wellDue to inflation, adds Frederic Rosier. These figures led to a 5% drop in oil prices, very sensitive to economic growth forecasts, which pushed oil reserves into motion. TotalEnergies lost 5.06% to 49.34 euros. The question for the Mirabaud analyst now is to know.if the Federal Reserve has to go that far in this context“On the tightening of its monetary policy. The US Federal Reserve on Wednesday announced a higher-than-expected increase in its key interest rates.
In general, most central banks, with the exception of Japan, have raised their key interest rates in recent weeks to slow inflation, leading markets to fear that this change in monetary policy could lead to a recession. As for other securities, EssilorLuxottica, which announced the launch of a share repurchase program, which will be allocated or sold to the group աշխատակից employees of affiliated companies և corporate officials, jumped 3.80% to 139.25 euros. Airbus և Air India, now in the hands of Tata Group, is nearing the end of a huge order, according to Bloomberg Financial, which saw the airline’s letter asking its pilots to prepare for the training of A350s. The European aircraft manufacturer reached 94.12 euros by 1.20%.
Source: Le Figaro
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