inflation is now more than ever at the center of concerns

FASHION

It is a day of statistics that begins. Investors will be taking note of many highly anticipated “stats” today, particularly regarding the now feared inflation. Fear of uncontrolled inflation, which could lead to tighter monetary tightening in the US, is on everyone’s mind … In Germany, price increases accelerated sharply in March to reach their highest level since 1981 The consumer price index calculated according to European HICP standards increased by 2.5% compared to February and its increase in one year reached 7.6%, after + 5.5% the previous month.

Monthly US Consumer Price Data will be released at 2.30pm. And a new acceleration could therefore confirm the Federal Reserve in the scenario of a more pronounced monetary tightening than expected. On the bond market, the 10-year US government bond yield rose nearly four basis points to 2.8243% after hitting its December 2018 session high of 2.8360%.

In this context, as announced by the ‘futures’ on the CAC40, the Parisian index is in sharp decline (-1.80%), returning to 6,440 points, in the wake of the American and Tokyo markets …

WALL STREET

The New York Stock Exchange started the week at half-auction on Monday, weighed down by tech stocks, the most sensitive to the continuing rise in interest rates. The US 10-year yield is now approaching 2.8%, its highest since December 2018, on fears of a rapid monetary tightening by the Federal Reserve in the face of the current surge in inflation. The energy sector fell as oil prices fell 4%, with Brent in turn falling below $ 100 a barrel.

Eventually, the Dow Jones fell 1.19% to 34,308 points, while the general S&P 500 index fell 1.69% to 4,412 points and the Nasdaq Composite, rich in tech and biotech stocks, lost. 2.18% at 13,411 points. Last week, the Dow Jones was down 0.3%, the S&P 500 was down 1.3%, and the Nasdaq was down 3.9%.

ECO AND CURRENCIES

The rise in German prices accelerated sharply in March, reaching their highest level since 1981 due to the soaring prices of natural gas and petroleum products with the war in Ukraine, final figures released by the Federal Statistical Office.

The consumer price index calculated according to European HICP standards rose by 2.5% compared to February and its increase in one year reached 7.6%, after + 5.5% the previous month, it has Destatis announced, confirming the preliminary data published on March 30.

UNITED STATES :
– Consumer Price Index in the United States. (2:30 in the afternoon.)
– US budget balance. (8:00 pm.)

Europe:

– German ZEW Economic Sentiment Index. (11:05)
– European ZEW index of economic sentiment. (11:05)

The euro / dollar parity hit $ 1.0868 this morning. A barrel of Brent is trading at $ 100.62. One ounce of gold is trading at $ 1,957.

GROWING VALUES

Poxel (+ 6.10% at € 2.18): today it is in the lead among the few stocks up on the SRD. The FDA has granted Fast Track designation to PXL770 to treat patients with adrenomyeloneuropathy (AMN), the most common form of X-linked adrenoleukodystrophy (ALD).

FALLING VALUES

bioMérieux (-3.30% to € 95.48) € 837, € 845 in 2021, 0.9%. Headcount, coveted, was -4.5%, forecast. The business grows (+ 6%) (+ 5%), offset by immunomolecular tests. The summer 30 euros, American at euro.bioMérieux also announces the conclusion of an agreement to acquire Specific Diagnostics, a private American company that has developed a rapid antibiogram system that provides a phenotypic antibiotic sensitivity test (AST) directly from positive blood cultures . bioMérieux has held a minority stake in Specific Diagnostics since 2019 and the two companies signed a co-distribution agreement covering the European market in 2021.

EssilorLuxottica (-2.70% to € 158.85): Luxottica has entered into a preliminary sale agreement for the acquisition of a total of no. 1,727,141 shares of Giorgio Fedon & Figli SpA corresponding to 90.9% of the share capital of Fedon, listed on Euronext Crescita Milano.

TotalEnergies (-1.40% at 45.97 euros) and KGHM have signed a partnership to participate, in equal parts, in the tenders of the Polish authorities relating to the development of offshore wind projects. The government has launched a new tender for the award of development rights covering 11 areas of the Baltic Sea, for a total capacity estimated at over 10 GW. Poland will thus be able to exploit the strong potential of the Baltic Sea in terms of wind power generation, thanks to favorable weather conditions.

HAVE PUBLISHED THEIR TURNOVER / RESULTS …

DirectNHOABoa ConceptUpergy bag

THE LATEST “RECOS” FROM ANALYSTS …

Goldman Sachs is neutral on Eurazeo, aiming for a price of 92 euros.

SG goes back to ‘buying’ on Legrand aiming for 95 euros.

Barclays returns from “overweight” to “line weight” on STM aiming for 38 euros.

AlphaValue goes from buying to “accumulating” on Elior.

MARKET INFORMATION

Bone Therapeutics obtains funding from 5 ME.

One Experience: transition to continuous listing on Euronext Growth.

Genomic Vision: new line of financing with Winance.

IN SHORT

Nanobiotix: new preclinical data.

Ubisoft: Cameron Lee is named vice president, executive producer of Rainbow Six.

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