Concerns about Russian gas and Italy, Cac 40 stops its promotion, Market news

After a jump of 4.8% in three sessions, which allowed him to score 6200 points, Bedroom 40 on Wednesday they caught their breath, adding 0.27% to 6,184.66 points on a trading volume of only 2.9 billion euros. Statements by Russian Foreign Minister Sergei Lavrov turned cold and convinced the market, which was still gaining momentum in the morning, to be cautious.

“Other Territories Series”

In an interview with local media, he argued that military goals in Ukraine are no longer limited to the east of the country, but also concern ” a number of other territories. The geography is different now. This is no longer just the Donetsk and Lugansk People’s Republics (separatist territories in the east of Ukraine, ed. note), it is also the Kherson and Zaporozhye regions (in the south, ed. note) and a number of other territories, and this process continues constantly and persistently “, he began. This statement was made on the eve of the resumption of operation of the Nord Stream 1 gas pipeline, which has been under maintenance since July 11. However, the restoration will be at a lower flow, warned in Moscow. The European Commission, which has become suspicious, has already asked EU member states to do more to reduce gas consumption, ideally by at least 15% compared to the average of the last five years over the same period.uh August and March 31, 2023

What is the future of Draghi and Italy?

Difficulty never comes alone, Italy and Brussels hang on the lips of Mario Draghi. The President of the Italian Council, whose resignation was rejected by President Sergio Mattarella, addressed Parliament on Wednesday. ” Those who counted on a benign discourse, putting aside points of friction with the majority parties, were forced to change their minds. Draghi made Draghi, commented by our colleagues from Il Sole 24 era. In his speech to the Senate, the President of the Council listed, one by one, all the items on the Government’s agenda that would have to be carried out if he remained at the Palazzo Chigi.. Among them are competition reforms, including benefits for seaside resorts and rules for taxis, a new decree to support the purchasing power of families, or assistance to Ukraine. The vote of confidence of the deputies of Mario Draghi should take place in the early evening, around 19:30, according to the Transalpine press.

Italy adds a new level of risk to an already very difficult situation, but we believe the bar for the ECB to deviate from its strategy is high. says Frédéric Ducrose, head of macroeconomic research at Pictet Wealth Management. The European Central Bank, which will act on Thursday, will raise its key rates for the first time since 2011, but will it be a 25 basis point increase or a 50 basis point increase? Press Agency Reutersciting sources familiar with the matter, suggests there could be a 50 basis point increase on the cards.

The institution is also looking forward to its anti-fragmentation tool (Transfer Protection Mechanism – TPM) designed to ease tensions that make the cost of debt very high for some states. ” There is a risk that some details are missingFrédéric Ducrose warns, but market expectations do not seem overly optimistic and we still expect TPM to be bold, flexible and robust enough to prevent a sustained widening of peripheral bond yield spreads over the medium term. »

Virbak sanctioned

As for values, the distributor crossroads rose 0.68% following the signing of an agreement to sell 60% of Carrefour Taiwan’s shares to Uni-President Group, a large conglomerate operating in the food sector in particular. The operation adds weight to Carrefour’s key markets in Europe and Latin America, allowing it to exit Southeast Asia.

well orientated, Publicis took 1.53% thanks to the results of the American Omnicom. The latter reported earnings-per-share growth to $1.68 in the second quarter and a 0.7 point improvement to a 15.8% gross operating margin. Publicis is due to release its quarterly results on Thursday.

Vice versa, Virbak fell by 9.81%, taking the last position in the SRD. After a great start, thanks in part to a storage effect, second-quarter turnover showed the first signs of normalization in the veterinary laboratory market.