(CercleFinance.com) – Futures on the CAC40 portend a start to the session on a decline of around 0.3% to 6620 points, the day after a sharply lower close on Wall Street against the backdrop of certain comments from US monetary policy makers.
‘Esther George, President of the Fed Bank of Kansas City, said a 50 basis point rate hike was an option for the May meeting and that the conditions were in place for a quicker withdrawal of accommodative measures’, emphasizes Liberum.
‘Federal Reserve Governor Lael Brainard also said he expects a significant decline in central bank bond holdings to start next month,’ the UK financial firm continued.
During the morning, after the orders for German industry, operators will take note of industrial producer prices in the euro zone in February, which could attract particular attention in the inflationary context.
In securities news, EDF announces the success of its capital increase for a gross amount of 3.16 billion euros, with a subscription rate of 129%, and resulting in the issue of 498,257,960 shares news.
Saint-Gobain has signed an agreement to sell Tadmar, its specialist plumbing, heating and sanitary distribution business in Poland, which generated revenue of around €100 million in 2021.
Moody’s Investors Service confirms Renault’s family of companies (CFR) rating of ‘Ba2’, but with an outlook that remains ‘negative’, warning that its rating ‘remains vulnerable to any macroeconomic developments’.
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