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Paris: mitigates the losses linked to the publication of the CPI in the USA - 07/13/2022 at 17:10

Paris: mitigates the losses linked to the publication of the CPI in the USA – 07/13/2022 at 17:10

(CercleFinance.com) – The CAC40 (-0.7% around 6,000 pts) is slowly coming back into contact with 6,000, halving the decline triggered just after the publication of the ‘CPI’ (US consumer prices).

After rising 1% in May, consumer prices in the United States rose 1.3% in June sequentially, or +9.1% year-on-year (vs. 8.9% expected), d ‘after the Department of Labor.

Excluding energy and food products, two traditionally volatile categories, US inflation stood at +0.7% last month (0.6% expected, i.e. 5.9% at an annual rate), a rise that is also slightly higher to market consensus.

Some experts wonder if this 9% is not the peak of the inflationary wave in the United States.

In this context, the Dow Jones fell by -0.7% and the S&P500 by only -0.1%, the Nasdaq completely reversed the trend, going from -1.5% to +0.3%: the CPI published at 2:30 p.m. seems ‘digested’.

The operators had learned – without particular emotion – of the inflation figures in France and Germany for the past month.

Over one year, the consumer price index (CPI) in France increased by 5.8% in June, thus accelerating significantly after +5.2% in May, according to INSEE, which thus confirms its estimate. provisional published on June 30.

Annual inflation slowed slightly in June in Germany, according to Destatis, which confirms its preliminary estimate of 7.6%, compared to an increase of 7.9% in May compared to the same month in 2021.

The Euro briefly dipped below parity at the end of the morning, towards 0.9998 but the Euro is trading again at $1.003.

Oil fails to reconnect with $100 (-0.1% to $99.1) after its vertical drop of -7% the day before.

In securities news, Renault has announced the signing of a partnership with Vitesco Technologies for the co-development and production of power electronics in a ‘One Box’ box for electric and hybrid powertrains.

During a ceremony at its Crolles site, near Grenoble, in the presence of Emmanuel Macron in particular, STMicroelectronics announced on Tuesday evening the launch of the ‘Electronics 2030’ program, one of the components of the investment ‘France 2030’.

Kaufman & Broad publishes for its first half a stable net income group share at 22.7 million euros and a rate of current operating income at 7.5% of turnover, for an overall turnover down 5.2% to 574.4 million.

EDF has requested that the listing of its equity securities be suspended until further notice. This suspension follows the announcements of the Prime Minister, and after discussions with the Autorité des marchés financiers. No other communication will be made by the Company on this subject until the publication by the State of a press release.

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