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Home Business Mid-session analysis AOF France/Europe – Rates and China weigh in

Mid-session analysis AOF France/Europe – Rates and China weigh in

(AOF) – European equity markets are moving in sharp decline. Risky assets remain affected by the rise in interest rates. This afternoon, the yield of the 10-year American gained another 6.6 basis points to 3.194%. Investors are also worried about a sharper-than-expected slowdown in China’s economy due to Beijing’s “zero Covid” policy. The authorities are confining more and more cities at the risk of further weakening the “supply chain” and further strengthening global inflation. The CAC 40 lost 1.5% to 6,164 points while the Euro Stoxx 50 lost 1.4% to 3,579 points.

Infineon fell 1.83% to 26.79 euros within a Dax mainly tinged with red. The chipmaker raised its forecast despite the shortage of semiconductors, but not enough to surprise the market, which anticipated an upward revision after the results of competitors. The German group is now aiming for a turnover of 13.5 billion euros for its 2022 financial year, which will end at the end of September, against 13 billion previously. The consensus anticipates for its part 13.1 billion.

Last Friday evening, Danone (-1.4% to 55.3 euros) announced that it had reached an agreement with Mengniu to sell him its 25% stake in Yashili and its 20% stake in the Inner Mongolia joint venture. Dairy. At the same time, Danone announced the acquisition of 100% of Dumex Baby Food Co Ltd, a Chinese infant milk manufacturer, owned by Yashili.

Adocia jumped 5.7% to 4.65 euros. The biotech announced the dosing of the first patient in BioChaperone Lispro’s Phase 3 program with partner Tonghua Dongbao. BC Lispro belongs to the latest generation of ultra-rapid insulins along with Fiasp (Novo Nordisk) and Lyumjev (Eli Lilly). 1,300 people with type 1 or 2 diabetes in 100 clinical research centers in China will participate in this trial, the start of which triggered the payment of $5 million by Tonghua Dongbao to Adocia.

The macroeconomic figures of the day

In France, the trade deficit settled in March at 12.4 billion euros after 10.4 billion in February (revised figure of 10.3 billion).

The Sentix index, which measures investor confidence in Europe, fell in May, falling in one month from -18 to -22.6. Economists were expecting -20.8.

In the United States, investors will be content with stocks from wholesalers in March at 4 p.m.

Around noon, the euro lost 0.25% to 1.0528 dollars.

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