(CercleFinance.com) – The CAC40 begins the session with a decline of about 1.2% to 6,566 points, the day after a significant downturn on Wall Street amid certain comments from US monetary policy officials.
“Esther George, president of the Kansas City Fed Bank, said a 50 basis point rate hike was an option before the May meeting and that the conditions were in place for an earlier withdrawal of accommodative measures,” Liberum said.
Federal Reserve Governor Lael Brainard also said he expects a significant decline in central bank bonds next month.
Over the course of the morning, traders will want to note euro-zone industrial producer prices in February, which could attract particular attention in the inflationary context.
In Germany, after an increase of 2.3% in January compared to the previous month (revised from an initial estimate of +1.8%), industrial orders fell 2.2% sequentially in February, according to Destatis.
In securities news, EDF announces the success of its capital increase for a gross amount of EUR 3.16 billion, with a subscription rate of 129%, resulting in the issuance of 498,257,960 equity news.
Saint-Gobain has signed an agreement to sell Tadmar, its specialist plumbing, heating and plumbing distribution business in Poland, which generated sales of approximately €100 million in 2021.
Moody’s Investors Service confirms Renault’s family of companies (CFR) rating of “Ba2”, but with a outlook that remains “negative”, and warns that the rating remains “vulnerable to macroeconomic developments”.
Alstom has signed an agreement with the Swedish rail operator SJ. This agreement includes the delivery of 25 electric high-speed Zefiro Express trains, with an option for 15 additional trains. The contract for the first firm order is close to 650 million euros.
Alstom and Engie also announce that they have signed a partnership agreement to provide the rail freight sector with a solution to decarbonise railway locomotives using renewable hydrogen, replacing locomotives that run on diesel.