(News Bulletin 247) – The Paris Stock Exchange closed at a new low since March, still undermined by the rise in bond rates and an uninviting geopolitical context. The CAC 40 was down 0.6% near 6,900 points on Thursday evening.

The same pains, the same effects. The Paris Stock Exchange remains anchored in negative territory and at its March lows, still frightened by the rise in bond rates and the still explosive geopolitical climate.

The CAC 40 closed down 0.64% at 6,921.37 points this Thursday evening, after a foray below 6,900 points shortly before 10 a.m. On Wednesday, the flagship Parisian index lost 0.9%.

Sovereign debt yields continue to rise, while the latest statistics in the United States highlight the robustness of the American economy. Weekly unemployment claims fell to 198,000 claims, well below the consensus of 210,000.

The yield on the 10-year American bond is fast approaching 5%, at 4.97% this Thursday evening, the highest since 2007. The French bond rate is at 3.560% a level not seen since 2009.

“In recent days, we have been treated to an avalanche of speeches from the Fed (Federal Reserve, Editor’s note) with governors like Christopher Waller, Michelle Bowman, Lisa Cook, Philip Jefferson, John Williams, president of the New York Fed, Patrick Harker, President of the Philadelphia Fed, who have all argued in favor of higher rates for longer and keeping rates at a restrictive level,” points out Michael Hewson of CMC Markets.

As such, Fed President Jerome Powell will speak at 6 p.m., these speeches always being well attended by investors.

The latter continue to monitor the situation in the Middle East. Joe Biden on Wednesday renewed his support for Israel and exonerated it regarding the strike on the Ahli Arab hospital in Gaza which caused a wave of anger in the Middle East. After this event, Iranian President Ebrahim Raïssi accused the United States of being “accomplices in the crimes” of Israel, accused by Hamas of being the author of this strike against a hospital.

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Technip Energies in the viewfinder

On values, Technip Energies plunged 13.8%, in reaction to a newspaper investigation The world concerning the French group’s involvement in a Russian gas mega-project in the context of international sanctions.

Renault ended the day at the bottom of the CAC 40 (-7.3%) after delivering a turnover lower than expectations, which is very rare for the car manufacturer.

Among the few stocks in the green, Pernod Ricard gained 4.8% sending a positive signal for Rémy Cointreau (+3.3%) with the confirmation of its annual objectives, despite an 8% decline in its revenues. over the first quarter of its staggered financial year.

On Wall Street, Netflix soared 16.3% after gaining an impressive number of new subscribers in the third quarter. The same will not be said of Tesla, which plunged 9% after publishing disappointing quarterly accounts.

On other markets, the euro gained 0.5% to 1.0592 dollars. Oil prices are slowing in the wake of a reduction in American sanctions against Venezuela. The December contract on North Sea Brent fell 0.2% to $91.29 per barrel, while that of November on WTI listed in New York gained 0.1% to $87.39 per barrel.