Market: Negative bias in the wake of New York

(CercleFinance.com) – Down around 0.3% to 7,020 points, CAC40 futures point to a dull start to the session, the day after a close in the red on Wall Street against a backdrop of worrying figures concerning the inflation in the United States.

‘The consumer price index climbed 0.9%, more than expected in October, more than double the advance of the previous month. Year over year, it jumped 6.2%, the highest annual increase since 1990, ‘says Wells Fargo.

The bank adds that the release raised expectations that the Federal Reserve would start raising rates sooner than expected, pushing bond yields up (+12 basis points to 1.56% on the 10-year rate).

Only data expected today, will appear in the morning a first estimate of GDP growth in the United Kingdom for the third quarter, as well as industrial production and the British trade balance for September.

In the news of values, the steelmaker ArcelorMittal publishes a net profit of 4.62 billion dollars for the third quarter of 2021, the highest level since 2008, as well as an EBITDA up sequentially by 19.9% ​​to 6 , 06 billion.

Engie revised its objectives for the whole of 2021 on Wednesday evening, now forecasting a recurring net income group share of between three and 3.2 billion euros, on the occasion of the nine-month activity point of the energy group.

The private hospital group Ramsay Santé announced for its second quarter of accounting, a current operating profit down 39% to 43.5 million euros, despite a turnover up 2% to 936, 4 million.

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