(AOF) – European markets are expected to pull back at the open after yesterday’s bright red session. The euro closed below par at $0.9936. The risk of a combination of inflation and stagnation in Europe is not inspiring anything beneficial to European investors who are anxiously awaiting the central bankers’ meeting that begins on Thursday in Jackson Hole, US. In Paris, the decline of the CAC40 index, which closed yesterday at 6,378.74 points (-1.80%), is likely to continue, similar to the decline of the EuroStoxx 50 that closed at 3,658.22 points (-1.93%).
Values to follow today
Wealthy Medical
The board of directors of Affluent Medical, a French MedTech company founded by Truffle Capital, wants to accelerate its spread. To this end, it decided to modify its governance style by separating the duties of the Chairman of the Board of Directors from the Chief Executive Officer. As a result, Sebastian Ladet has joined the company as CEO as of today and Michel Finance is retained in his role as Chairman of the Board of Directors.
Engy
Ocean Winds, a joint venture of Portuguese group EDP Renováveis (EDPR) and energy company Engie, has won two batches of offshore wind turbines from Scotland, with a capacity of 2.3 gigawatts (GW), according to Portuguese online media jornaldenegocios. a point.
gaussin
Metalliance, a subsidiary of the Gaussin Group, has announced an order for three electric underground vehicles for the Singapore Metro. The contract includes 1 MSV-60 for the transport of tunnel center panels, 1 TSP-50 for the transport of concrete and 1 TSP-100 for the transport of parts, with on-site delivery scheduled for Spring 2023.
Macroeconomic numbers
10:15 am in France
PMIs for manufacturing and services in August
It’s 10:30 in Germany
PMIs for manufacturing and services in August
11:00 a.m. Eurozone time
PMIs for manufacturing and services in August
3:45 pm in the United States
PMIs for manufacturing and services in August
4:00 PM US time
New home sales in July
4:30 pm Eurozone time
Consumer confidence in August
Yesterday in Paris
European markets fell. The risks of a recession in Germany and the fact that the euro has crossed on several occasions today below the parity threshold with the dollar are making investors nervous. In Paris, the auto sector – Stellantis and Renault in particular – suffered, while shares in the energy sector such as TechnipEnergies, TotalEnergies and Albioma performed better, the CAC 40 lost 1.80% to 6,378.74 points, while the Euro Stoxx 50 index fell 1.93 % to 3658.22 points.
Yesterday on Wall Street
US stock markets closed lower. Discontinue after four consecutive weeks of increase. This news is due to the decline in the shares of large companies in the country and the rise in bond yields. Technology stocks, which have been highly sensitive to rising interest rates, were the hardest hit, with shares of Meta and Alphabet gaining 2.92% and 2.58%, respectively. The Dow Jones fell 1.91% to 33,063.61 points, while the Nasdaq fell 2.55% to 12,381.57 points.
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