Europe: Stock markets retreating in the wake of New York – 12/02/2021 at 11:22

( – The European stock markets are down (-0.6% in London and Paris, -0.8% in Frankfurt), in the wake of Wall Street which, the day before, saw its gains initials fade to finish clearly in the red (-1.3% on the Dow Jones, -1.8% on the Nasdaq).

Reassuring remarks made by the WHO about the dangerousness of Omicron were indeed eclipsed during the meeting by the confirmation of a first case of contamination with this new variant in the United States, more precisely in California.

‘During a second speech in Congress, Federal Reserve Chairman Jerome Powell reiterated that the risks of high inflation had clearly increased,’ said Wells Fargo.

Inflation is also a concern in the euro zone, where producer prices jumped 5.4% in October compared to the previous month, mainly driven by soaring energy costs. Over one year, they show an increase of 21.9%.

In other data released this morning, the euro area’s seasonally adjusted unemployment rate stood at 7.3% in October, down from 7.4% in September, and that of the EU s’ is maintained at 6.7% in October, according to Eurostat.

On the value front, Shell gained nearly 1% in Amsterdam, the energy company having finalized the sale of its activities in the Permian Basin, a $ 9.5 billion transaction that will allow it to accelerate its buyouts. actions.

Novartis is down 1% in Zurich, despite a positive tone adopted by the pharmaceutical company for its R&D day, with a target of average annual sales growth of at least 4% by 2026.

For its part, Safran gained more than 1% in Paris, after the presentation by the aeronautical equipment manufacturer of its objectives for the period 2021-25, including organic revenue growth of more than 10% per year.



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.