US index futures to take a hit from rising inflation, market news
The Paris stock exchange posted a limited decline, as Wall Street prepares to open lower, prompting questions about the Fed’s stance on accelerating inflation in the United States. Consumer prices rose 0.9% in October and 6.2% on the year, their highest level since late 1990, according to Labor Department data. After a sharp increase in producer prices announced on Tuesday, the day’s figures showed that companies did not hesitate to pass on their cost increases to consumers, the main pillar of the American economy.
Consensus polled by Bloomberg had expected growth of 0.6% for the month and 5.9% for the year, respectively. In its Financial Stability Report, the Federal Reserve warned of high valuation levels on Monday evening. San Francisco Fed President Mary Daly said she expects inflation to “remain at a Impressive Next year, while his colleague in the St. Louis office, James Bullard, expects two rate hikes in 2022.
On the eve of Veterans Day, the Labor Department also indicated, a day earlier, that jobless claims fell by 4,000 to 267,000 in the week to Nov. 6, compared with the expected 260,000. Price stability and full employment are central to the US central bank’s mandate.
Shortly before 3 p.m., Bedroom 40 Trading volume of 1.7 billion euros lost 0.24% to 7,026.05 points. contract the future American indices yielded between 0.2% for the Dow Jones and 0.7% for the Nasdaq 100 in December.
Alstom and Arkema stars of the session
The rise of Total energy (+1.8%) allowed the Paris market to contain its losses while Brent from the North Sea remained in sight at $85.
Alstom 8.3% in advance. The railway equipment maker reported growth in its turnover and its order book in the first half of its 2021-2022 financial year, driven by a good commercial dynamic, even if its adjusted operating margin clearly slipped. The market particularly appreciates that Alstom is burning less cash than expected and commercial momentum remains strong, especially as the group expects positive cash flow in the second half.
Arkema rose 3.5% after setting a record. The chemical company has raised its gross operating surplus (Ebitda) target for the 2021 financial year, while its profit margin in the third quarter from July to September reached a record level. For the current financial year, the group now expects at least a 40% improvement in the EBITDA of its special materials division compared to 2020 at constant scope and exchange rates, resulting in an EBITDA of approximately 1. 6 billion euros at group level.
the spy 6.7% won. Assumption of market integration Ephesus After the announcement of the takeover of Equans by Bouygues, for which two groups were candidates, reports BFM Business. According to the scenario mentioned by the television channel, the electrical and mechanical engineering specialist may be bought by the construction and concession Eiffage group.
Valneva jumped 23.6%. The biotech is in the process of signing an agreement with the European Commission. It also approved a text to provide a maximum of 60 million doses of an inactivated vaccine candidate against Covid-19 over two years, including about 27 million doses in 2022.
Agricultural loans Loses 1.6%. Green Bank reported better-than-expected third-quarter profits, supported by lower provisions for bad loans linked to the pandemic and higher income from retail banking, particularly in Italy where the group acquired local bank CreVal earlier in the year. Chief executive Philippe Brassac confirmed that the green bank is on track to meet its 2022 targets, which include a net profit of five billion euros.