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The main European stock markets are starting August calmly. The latter are moving in disorder but with small gaps at the beginning of the session on Wednesday, torn between the publication of some corporate results, the Taiwanese issue and the tone considered restrictive taken the day before by several officials of the US Federal Reserve.
The world’s stock markets are having a fairly quiet start to August, after strong gains in July. In Paris on Wednesday, the CAC 40 gained 0.05% to 6,406.75 points at around 07:40 GMT. In London, the FTSE 100 is down 0.26% and in Frankfurt, the Dax is down 0.24%.
The EuroStoxx 50 index is up 0.07%, the FTSEurofirst 300 is down 0.14% and the Stoxx 600 is down 0.15%.
Several Federal Reserve officials, including “doves” Mary Daly and Charles Evans, said on Tuesday that they and their colleagues remained resolute and “totally united” in raising US interest rates to a level that would more significantly curb economic activity and control inflation.
On the diplomatic front, China strongly condemned the visit to Taiwan by US House Speaker Nancy Pelosi, who hailed the parliament in Taipei as “one of the freest societies in the world”.
Beijing, which considers Taiwan to be part of its territory, summoned the US ambassador to China and announced the suspension of the import of certain Taiwanese agricultural goods.
“The market is caught in a fairly uncertain period right now,” said Mathan Somasundaram, managing director at Deep Data Analytics. “Fed officials have calmed the markets’ idea that a slowdown in interest rate hikes is coming and the deterioration in the global trend is also partly due to Nancy Pelosi’s visit to Taiwan.”
On the stock side, the CAC 40’s top performer, Axa, gained 4.04% after reporting a 3% rise in first-half net profit and Societe Generale gained 3.65% after reporting a smaller-than-expected loss in the second quarter.
Veolia is down 2.23% after its results.
In Frankfurt, Commerzbank was stable (-0.03%) and BMW gave up 5.28% after their results while Infineon gained 1.61% after publishing better than expected quarterly results and raising its sales outlook.
Tod’s is up 21.13% as the founding family and largest shareholder announced that it will launch a tender offer for some of the shares it does not already own in order to delist the luxury group.
Avast jumped 41.91% in London as the UK Competition and Markets Authority said it had provisionally cleared the takeover of the cybersecurity company by rival NortonLifeLock for $8.6bn.
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The main European stock markets are starting August calmly. The latter are moving in disorder but with small gaps at the beginning of the session on Wednesday, torn between the publication of some corporate results, the Taiwanese issue and the tone considered restrictive taken the day before by several officials of the US Federal Reserve.
The world’s stock markets are having a fairly quiet start to August, after strong gains in July. In Paris on Wednesday, the CAC 40 gained 0.05% to 6,406.75 points at around 07:40 GMT. In London, the FTSE 100 is down 0.26% and in Frankfurt, the Dax is down 0.24%.
The EuroStoxx 50 index is up 0.07%, the FTSEurofirst 300 is down 0.14% and the Stoxx 600 is down 0.15%.
Several Federal Reserve officials, including “doves” Mary Daly and Charles Evans, said on Tuesday that they and their colleagues remained resolute and “totally united” in raising US interest rates to a level that would more significantly curb economic activity and control inflation.
On the diplomatic front, China strongly condemned the visit to Taiwan by US House Speaker Nancy Pelosi, who hailed the parliament in Taipei as “one of the freest societies in the world”.
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The main European stock markets are starting August calmly. The latter are moving in disorder but with small gaps at the beginning of the session on Wednesday, torn between the publication of some corporate results, the Taiwanese issue and the tone considered restrictive taken the day before by several officials of the US Federal Reserve.
The world’s stock markets are having a fairly quiet start to August, after strong gains in July. In Paris on Wednesday, the CAC 40 gained 0.05% to 6,406.75 points at around 07:40 GMT. In London, the FTSE 100 is down 0.26% and in Frankfurt, the Dax is down 0.24%.
The EuroStoxx 50 index is up 0.07%, the FTSEurofirst 300 is down 0.14% and the Stoxx 600 is down 0.15%.
Several Federal Reserve officials, including “doves” Mary Daly and Charles Evans, said on Tuesday that they and their colleagues remained resolute and “totally united” in raising US interest rates to a level that would more significantly curb economic activity and control inflation.
On the diplomatic front, China strongly condemned the visit to Taiwan by US House Speaker Nancy Pelosi, who hailed the parliament in Taipei as “one of the freest societies in the world”.
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