Paris Stock Exchange (ACC 40) is expected to rise Tuesday at the open, in a still feverish climate in markets racked between inflation and recession, and in the face of speeches from many central bank leaders. The term contract the CAC 40 index advanced 0.50% about forty minutes before the start of the session. The day before it had fallen 0.24% to 5,769.39 points, its lowest closing level since February 2021.
The Parisian rating has had a series of red days since mid-September: it remains in nine declines during the last ten sessions, during which it lost almost 9%. In the United States, the Dow Jones finished lower for the fifth consecutive time on Monday, the lowest since November 2020. The broader S&P 500 index finished at its lowest closing level since December 2020. be a little early to go back to the market,” said Christopher Dembik, director of macroeconomic research at Saxo Bank, for whom the bottom has not yet been reached.
Equities are put to the test by the rise of the dollar and the increase in interest rates in the bond market. The euro sank below parity for several sessions ($0.9644 at 8am Tuesday) while the French exchange rate touched its lowest level in 10 years on Monday.
The turmoil is also numerous in the foreign exchange market, with the powerful reaction of the US Central Bank for several months against (…)
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