Published November 16, 2022, 4:03 pmUpdated November 16, 2022 at 4:08pm
The Paris Stock Exchange stalled and Wall Street retreated early in the session. Stronger-than-expected consumption growth in the US undermines hopes for a reduction in the size of Fed rate hikes. Retail sales overall increased by 1.3%, excluding automotive, versus +1 respectively % and +0.5% expected by the market. ” The consumer bears the brunt of the rapidly rising cost of credit summarizes Paul Ashworth, chief economist for North America at Capital Economics. The rocket attack on Poland, which killed two near the Ukrainian border, also supports the consolidation despite reports suggesting Russia was not behind the attack.
At about 4:00 pm, the Cacao 40 it lost 0.64% to 6,598.83 points on a turnover of 1.9 billion euro. In New York, the Dow Jones makes 0.15% and the Nasdaq Composite 1.16%. Objective Tumbled 15%, the retail group expects lower sales for the current quarter, which includes the crucial holiday season, due to the impact of inflation on its customers.
An unfortunate accident?
NATO Secretary General Jens Stoltenberg said “no no indication of a deliberate attack on Poland and that preliminary analyzes suggest that ” the crash was probably caused by a missile from the Ukrainian air defense system fired at Russian cruise missiles. Polish President Andrzej Duda, for his part, judged ” highly probable “that the missile comes from the Ukrainian defense and that it could be a” unfortunate accident “. The caution of Western leaders is all the more palpable as Poland is a member of NATO, whose Article 5 provides for collective assistance in the event of an attack against one of its members.
On the bond market, the US 10-year yield fell 7 basis points to 3.73% and that of the same-maturity German Bund fell 11 basis points to 2%, while the market continued to favor the prospect of a by 50 basis points of the Fed funds rate in December. The weaker-than-expected increase in US producer prices announced yesterday confirmed the slowdown in inflation already suggested by last week’s consumer price index.
Alstom accelerates, Air France-KLM tip nose
It is different for the ECB, who warned of growing risks to the financial system. In its semi-annual financial stability report, the central bank specifically cites the potential combination of recession, soaring inflation, rising costs and shrinking liquidity in a war-degraded environment in Ukraine.
Altom s’octroie 7.1%. The railway equipment manufacturer reported half-year revenue growth of 8%. and an adjusted operating margin of 4.9%, compared to 4.5% a year earlier. For the full year 2022-2023, the target is for an operating margin of between 5.1% and 5.3%, compared to 5% for 2021-2022. It had previously forecast a rising margin in 2022-2023.
Defense values are also researched. Thales earns 2.2% and Dassault Aviation 1.3%.
Agricultural credit loses 1.7%. Citi downgraded the green bank’s shares from “buy” to “neutral”.
Dry yields 1.7%. The American Estée Lauder has announced the acquisition of Tom Ford for 2.8 billion dollars. The Wall Street Journal recently reported that Kering is in the running to buy out Tom Ford.
Air France-KLM shot of 11.9%. The airline has announced the launch of a convertible bond issue and/or convertible into shares for approximately 300 million euros. The group is also exposed to the risk of a strike due to the holiday period.
