(News Bulletin 247) – In the aftermath of a prosperous session, this Tuesday seems to be the time for slight profit-taking for investors on the main European stock markets (-0.4% in London, -0.1% in Frankfurt and Paris).
‘This morning, European equity markets are down the day after an exaggerated rebound and while inflation is accelerating in France. The market takes note of an inflation which does not give any sign of slowing down, underlines Kiplink.
Indeed, according to the provisional estimate made by INSEE at the end of the month, consumer prices in France should increase by 6.2% in February 2023 over one year, thus marking a slight acceleration after 6% the previous month.
Another major data published in France this morning, GDP growth was confirmed to be slowing down to +0.1% for the fourth quarter of 2022, penalized by a negative contribution from domestic demand.
In the news of values, the operators clearly penalize the annual results of the agrochemical and health group Bayer (-4% in Frankfurt), and to a lesser extent those of the human resources services group Adecco (-1% in Zürich).
Banca Monte dei Paschi di Siena loses 8% in Milan, after the sale by AXA (+1% in Paris) of 100 million shares, representing around 7.94% of the capital, at a price of 2.33 euros per share , as part of an accelerated placement.
In Madrid, Santander gained more than 4% in response to announcements made by the bank on the occasion of its investor day, while Grifols fell symmetrically in the wake of the health group’s annual results.
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