(AOF) – European equity markets closed in the red in the wake of the Nasdaq’s decline. Investors took some profits after two consecutive sessions of gains linked to Jerome Powell’s reassuring words regarding inflation. In this respect, the markets only briefly welcomed the sharper-than-expected slowdown in the rise in producer prices in December. The CAC 40 fell 0.50% to 7,198.67 points, penalized by the weakness of luxury. The Euro Stoxx 50 fell 0.03% to 4,315 points.

The two British retail giants, Tesco and Marks & Spencer (M&S), suffered the same fate on the stock market on Thursday: their shares fell by 1.29% to 288.475 pence and 7.57% to 233.85 respectively. pence on the London Stock Exchange. However, they both recorded good performances during the end-of-year holiday period, allowing them to revise their prospects upwards. But obviously, this is not enough for investors.

After three sessions in the red, Renault recovered by 4.68% to 33.92 euros on the Paris market, offering itself the largest increase in the CAC 40. The diamond group came to bring good news to investors regarding its turnaround plan, the “Renaulution”. In fact, two major financial objectives have already been achieved. And this, well ahead of the initial schedule.

Sopra Steria (+5.67% to 163.9 euros) stormed first place in the SBF 120 index without firing a shot; the announcement of stronger-than-expected 2021 profits more than offsetting the unexpected announcement of the change of CEO. If such a change is generally synonymous with uncertainties, which the markets hate, it occurs in continuity. The new boss, Cyril Malargé, has been with the company for nearly 20 years and until now held the position of Chief Operating Officer.

The macroeconomic figures of the day

Producer prices rose by 0.2% in December in the United States whereas they were expected to rise by 0.4% after +1% in November. Excluding the volatile elements of energy and food, producer prices increased by 0.5% in December in the United States whereas they were expected to rise by 0.5%. They had increased by 0.8% in November.

230,000 jobless claims were recorded last week in the United States against 207,000 the previous week and a Reuters consensus of 200,000.

Around 5:30 p.m., the euro gained 0.07% to 1.1451 dollars.


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