(BFM Stock Exchange) – The Parisian index fell backwards this Wednesday, September 24, while the appetite for the risk was anesthetized by remarks by Jerome Powell. The defense sector, however, distinguished itself, relaunched by statements by the American president.
Tuesday’s rise was only a brief respite. Between geopolitical news, and speaking of managers of the American federal reserve, the CAC 40 preferred not to take a risk, and fell 0.57% to 7,827.45 points at the end of this Wednesday, September 24.
Appétit for the risk was weighed down by the prudent statements of Jerome Powell on Tuesday evening. “If we soften (monetary policy) in a too sustained way, we risk not achieving our objective in terms of inflation,” said the leader, during a speech in Rhode Island.
“Powell’s prudence slows down the market,” summarizes Stephen Innes of Spi am. “Powell’s main message was once more simple but gives to think: ‘there is no risk without risk’,” he adds.
Defense and Emeis increasing
On the values ​​side, the defense groups were well oriented, Thales winning 2.4% and Dassault Aviation, 1.3%. The entire compartment is carried out by Donald Trump statements, who judged that the NATO countries had to shoot Russian planes if they came into their airspace.
Bouygues grabbed 0.5% while Morgan Stanley noted his opinion to “online weighting” against “sub-ponder” previously.
Emeis, the ex-Orpea rebounded by 10.2% after the group exceeded its target of asset sales through the creation of a property which will benefit from investments of 761 million euros from Farallon Capital and Twentytwo Real Estate funds. Clariane benefits, and resumed 3.3%.
Conversely, EXAIL Technologies fell 2.75% after having issued 300 million euros in hybrid bonds, synonyms of potential dilution for its shareholders.
The car sector was also poorly oriented. Red lantern, Stellantis dropped by 3.4%, Renault 1.2%. An analyst evokes information around Stellantis to explain these drops. Several media reported that the Franco-Italian-American group would temporarily stop the production of several European sites, for lack of sufficient activity.
In other markets, the euro lost 0.6% against the dollar at $ 1.1745. Oil accelerates its gains. The November contract on the Brent de Mer du Nord gains 2% at 68.99 Dollars a barrel while the same maturity on the WTI listed in New York takes 2.1% at 64.76 Dollars per barrel.
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