The Paris Stock Exchange is expected to fall slightly at the opening on Thursday, leaving the global context in which investors have to evolve gloomy, with a very strong risk of recession.
The CAC 40 futures contract lost 0.37% approximately forty minutes before the opening of trading. The day before, it had a yield of 0.81%.
After a full day of oscillating between positive and negative territory, the New York Stock Exchange ended slightly down on Wednesday.
“Stock markets continue to be shaken by fears of a recession against central banks that seem determined to eliminate inflation from the global economy,” said Michael Hewson, an analyst at CMC Markets.
Indeed, these concerns returned to plague markets on Wednesday, after two days of rest at the beginning of the week, which caused oil and bond interest rates to fall.
“As of today’s opening of European stock markets, the main focus will be the release of the latest PMIs for June in France, Germany, the United Kingdom and the United States, with further declines in rising prices and weakening demand expected,” predicts Michael Hewson.
In addition to economic statistics, which point to a slowdown in growth around the world, more and more economists are moving toward a recession scenario next year, and especially in the United States, the world’s largest economy.
Federal Reserve Chief Jerome Powell admitted to the U.S. Senate on Wednesday that a soft landing for the U.S. economy would be “very difficult.” “Whether we will be able to ‘get inflation under control without falling into recession’ will depend to some extent on factors beyond our control,” he added.
His hearing before Congress continues on Thursday.
Values to follow
Stellantis: The carmaker shut down its plant in Rennes-La Janais on Wednesday evening until July 1 due to a shortage of semiconductors.
TF1: less than four years after the acquisition, the television group announced that it has sold its subsidiary Gamned !, which specializes in the automated sale of digital advertising space, to the investment fund HLD.
jvi / mla / nth
“Pop culture maven. Analyst. Writer. Wannabe food evangelist. Organizer. Friendly internet lover. Incurable troublemaker. Entrepreneur.”