Discovery of Paris: investors who are undecided …

TREND

(Boursier.com) – First expected to fall and then rise in the final minutes before the stock market, CAC 40 started in the green before … turn around and head for the red shortly before 9:30 am. This is 0.10% below the closing level on Friday at 5878 points.

Inflation, economic slowdown and rising interest rates remain central to investors, and today’s intervention by European Central Bank President Christine Lagarde in the European Parliament could revive the session.

French politics should not worry investors so much. The absence of an absolute majority in President Macron’s camp is certainly a source of blockade for future structural reforms, such as pensions. But on certain issues, alliances with the right-wing LR are possible, which, paradoxically, could be achieved in exchange for tougher measures.

WALL STREET

After the tobacco strike the day before, the New York Stock Exchange closed on Friday in a scattered manner and signs the third week of a sharp fall, fearing a recession, after tightening monetary policy by 0.75 points on the Fed on Wednesday night. The very “hawkish” US Federal Reserve has promised to “unconditionally” fight inflation. WTI oil prices fell 6.7% on Friday due to concerns about global demand.

In conclusion, c Dow Jones fell again by 0.13%, ending below 30,000 points, 29,888 points, and now flirts with the “bear market”, falling by almost 19% over the January record. Broad index S & P500 recovered 0.22% to 3674 points, but lost more than 23% of its January record. in Nasdaq Compositerich in technology and biotechnology stocks, rose 1.43% to 10,798 points, but lost 32.7% compared to the November 2021 record.

ECO AND CURRENCY

Europe:
– German producer price index. (08:00)

This morning, the euro / dollar parity reached $ 1.0530. A barrel of Brent is trading at $ 113.97. An ounce of gold trades for $ 1,841.

Growth of values

Valneva (+ 17% to 9.28 euros) and Pfizer Inc entered into a share subscription agreement and renewed its terms of cooperation and licensing agreement for Lyme disease vaccine candidate, VLA15. As announced on April 26, Pfizer plans to begin research into phase 3 of VLA15 in the third quarter of 2022. Under the subscription agreement, Pfizer is investing 90.5 million euros ($ 95 million), which is 8.1% of Valneva’s share capital at a price of 9.49 euros per share by increasing the reserve capital to strengthen the strategic partnership between the two companies on Lyme disease. Pfizer’s investment in the capital Valneva is expected to take effect on June 22, 2022. Valneva plans to use the proceeds from this investment to finance part of its contribution to Phase 3 of the Lyme program. Valneva and Pfizer also updated the terms of their cooperation and licensing agreement, which they announced on April 30, 20201. Valneva will now finance 40% of Phase 3 costs against 30% in the initial agreement. Pfizer will pay Valneva a rising royalty of 14% to 22%, up from 19% in the original deal. In addition, royalties will be supplemented by basic payments of up to $ 100 million to be paid to Valneva on the basis of aggregate sales.

quadient (+ 1% up to € 17.66) is returned to the Euronext SBF 120 and CAC Mid 60 indices according to the decision of the Euronext Index Scientific Committee. The integration into these indices took place on Friday, June 17 after the market closed, and is valid from today.

Wilmorin & Cie (stable price 40.80 euros) announces the departure of Olivier Falut, Chief Financial Officer, by mutual agreement with Frank Berger, Deputy Chief Executive Officer. Olivier Falut joined the company in September 2020. Until his appointment, Frank Berger will serve as interim CFO.

FALL OF VALUES

Athos (-2.40% to € 12.56) announced on Sunday that its CFO, Stefan Lhopito, would leave the group in the second half of the year and be replaced by his assistant, Natalie Senesho, who will be responsible for supporting the plan. transformation of the IT group.

THEY PUBLISHED THEIR TURNOVER / RESULTS …

Vocabulary, E-Pango

NEW RECOS FROM ANALYSTS …

Jefferies gives a “buy” recommendation. Renault.

MARKET INFORMATION

Manutan : Lazard funds are getting easier.

Hevelot : Mario Martinhoni owns 50.42%.

Lhyfe : exercise of redistribution option up to 59.5%.

Implants : resumption of trading is scheduled for Monday.

Air France-KLM : Eastern Airlines Industry ranks 4.7%.

SHORT

Figeac Aero changes the size of its industrial presence in Mexico.

Crossject : a contract with Barda worth up to $ 155 million.

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