(News Bulletin 247) – The CAC 40 is trading in the red at mid-session on Thursday, undermined by the minutes of the last monetary policy meeting of the US Federal Reserve. Worldline is weighed down by the decline of its Dutch comparable Adyen.

Every day is enough for the CAC 40. Weighed down by fears about the Chinese property developer Country Garden on Monday, then by the Chinese economy as well as by the fear of a potential deterioration of American banks, the Parisian index is this once penalized by the US Federal Reserve (Fed).

The CAC 40 thus dropped 0.13% to 7250.86 points at the end of the morning on Thursday, on track to show its third consecutive daily decline.

Published Wednesday evening, “the minutes”, that is to say the minutes of the last monetary policy meeting of the Fed, revealed a concern on the part of the members of the American central bank at the level of the ‘inflation.

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“Indeed, the monetary institution’s report indicates that ‘most participants continued to perceive significant upside risks to inflation, which could necessitate a further tightening of monetary policy'”, notes John Plassard by Mirabaud.

Worldline penalized by Adyen

This propelled US debt rates. “It doesn’t matter whether or not you think the Fed will go through with what they said in their minutes. The fact is that 10-year yields are soaring, which in the modern handbook for stock traders, is bad news on many levels,” said Stephen Innes of Spi Asset Management.

As for values, only Sanofi (+1.5%) on the CAC 40 has so far posted a sharp rise, even if Societe Generale (+0.5%) is also progressing while Royal Bank of Canada has raised its target. on the bank while maintaining its “sector performance” opinion.

The Canadian bank wonders if the bank of La Défense does not open “a new beginning” in its stock market history, judging that the reasons to believe in a “rerating” (an improvement in stock market multiples) of the bank exist. But proof on the execution must still be provided by Societe Generale, also considers Royal Bank of Canada, which prefers other shares in the sector, in particular BNP Paribas (+0.3%)

Bond rate hikes may weigh on tech stocks, with Dassault Systèmes losing 1.8% and STMicroelectronics 1.46%.

Worldline, which dropped 2.5%, also suffered from a negative cross-reading of the accounts of its Dutch competitor, the payment group Adyen. The latter collapsed on the Amsterdam Stock Exchange, falling 25%, after publishing results below expectations for the entire first half.

On the other markets, the euro lost 0.1% against the dollar at 1.0869 dollars. Oil prices are rising timidly. The October contract on Brent from the North Sea took 0.2% to 83.64 dollars a barrel while that of September on WTI listed in New York also took 0.2% to 79.55 dollars a barrel.