(News Bulletin 247) – The day after a decline of more than 1.3% to 7379 points, the CAC40 should start the session again in the red, according to futures down about 0.7%, the closing at half mast on Wall Street on Tuesday evening was not done to reassure investors.
‘The debt ceiling debate continued to show signs of trouble. Both Joe Biden and Kevin McCarthy were optimistic about a final solution, but the stalemate drove the market down,” Wells Fargo points out.
In addition to fears about the US debt ceiling, investors did not appreciate Tuesday the composite PMI indices published during the session, that of France having thus fallen by one point to 51.4 for the current month. .
No macroeconomic data is scheduled today in France, but in the course of the morning, inflation figures are due to appear in the United Kingdom for the last month, as well as the Ifo index of the business climate in Germany.
In the news of the values, Renault and Valeo announced Tuesday evening the conclusion of a partnership relating to the development of the electrical and electronic architecture of the next generations of vehicles of the manufacturer with the diamond.
Publicis announced the acquisition of Publicis Sapient AI Labs, an artificial intelligence (AI) research and development joint venture launched in 2020 in partnership between Publicis Sapient, Elder Research and Tquila.
Michelin said this morning that TBC, a US-based tire distributor it operates jointly with Sumitomo, has reached an agreement to sell its portfolio of retail stores to Mavis Tire Express Service.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
