(BFM Stock Exchange) – The Parisian index dropped down this Wednesday, September 17, while the American central bank is preparing to make its verdict on the rates.
The Paris Stock Exchange has not hidden its feverishly awaiting the announcement of the monetary policy decision of the American federal reserve. Its star index, CAC 40, fence down 0.4% to finish its race below the threshold of 7,800 points, at 7,786,98 points.
Investors mainly retain their breath before the end of the monetary policy meeting of the American Federal Reserve (Fed). The central bank will return its verdict on its key rates at 8 p.m., then its president, Jerome Powell, will speak. According to the Fedwatch tool of the CME Group, investors attribute a probability of 96% to a drop in rates by a quarter of a percentage point.
“The markets largely anticipate a monetary relaxation of the federal reserve this evening, after data on employment signaling a significant slowdown in the United States. In addition to price stability, full employment constitutes a central mandate of the Fed, which suggests several rate reductions by the end of the year. The pace and the magnitude of the adjustments will however depend on the next macroeconomic data (inflation, GDP) “, advance Grégoire Kounowski, Investment Advisor at Norman K.
But the stake is therefore elsewhere since investors will pay attention to the slightest index that Jerome Powell could book them for the future. The monetary and economic projections of the Fed members (the “Dots Plots”), which will be communicated this Wednesday evening, could also give some indications.
Well -oriented car equipment manufacturers
Before, European investors have learned of the final inflation figures in the euro zone, which came out stable in August, and is maintained at 2% over a year.
On the values ​​side, automobile equipment manufacturers closed up marked with Valeo (+7.3%), Forvia (+4.9%) and Opthobility (+3.4%).
Eutelsat Communications fell 3.3% while the independent AlphaValue design office degraded its opinion to buy to accumulate and also lowered its target of the title to 3.73 euros against 4.15 euros.
Complicated session also for GTT which sold 3.1% after a note from Oddo BHF which lowered its course target to 185 euros, while renewing its opinion to outperformance.
Maat Pharma finally closed down 3.5% after opening up more than 12% in reaction to the publication of its half -yearly accounts.
In other markets, the euro fell 0.2% against the greenback, to 1.1846 dollars. Oil still gives way. The November contract on the Brent de Mer du Nord loses 0.2% at 68.33 Dollars per barrel while that of October on the WTI listed in New York is slightly dropped by 0.1% to 64.44 Dollars per barrel.
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