(AOF) – European markets closed in the red, penalized by fears of monetary tightening in the United States and the resurgence of the pandemic in Europe. Proof that the scenario of a faster-than-expected rate hike is deemed probable by the markets, the yield on the ten-year US rate jumps more than 12 basis points to 1.663%, its highest level in a month. In addition, operators fear the impact of health measures, if they become generalized in the Old Continent, on the recovery. The CAC 40 lost 0.85% to 7,044.62 points and the Euro Stoxx 50, 1.03%.
In terms of European values, Thyssenkrupp sold nearly 6% to 10.625 euros in Frankfurt. The German industrial conglomerate was penalized by the partial withdrawal of the Swedish fund Cevian from its capital. The fund will reduce its stake in the German steel giant from 15% to 7.9%. To do this, it will sell 43 million shares at a very discounted price. According to Reuters, Cevian would offer them at a price of between 10.20 euros and 11.29 euros per unit, which represents a discount of up to 9.65% compared to the closing price on Monday evening (11.29 euros).
In Paris, Trigano fell 10.48% to 155.5 euros the share on the place of Paris, in the wake of prospects tinged with caution for its current financial year, which will end at the end of August 2022. If the notebooks With orders being packed, the motorhome king will have difficulty meeting demand due to supply pressures.
Accor sold only 0.07% to 29.1 euros in a market environment that was nevertheless difficult for tourism stocks due to the resurgence of Covid in Europe. Investors welcome the French group’s offensive in the sector deemed to be a growing luxury hotel industry in China. This morning, Accor presented Emblems Collection, its new high-end brand. Its first flagship address will be the Guiyang Art Center Hotel, Emblems Collection, in the Chinese province of Guizhou, which is scheduled to open in December 2022. This new luxury brand is expected to bring together 60 establishments around the world by 2030 “China, one of the most important hotel markets in the world, is for Accor the ideal place to launch this new luxury brand,” said Gary Rosen, General Manager Greater China of the Accor group.
Today’s macroeconomic figures
The composite flash index of activity in France recovered to 56.3 in November (54.7 in October), a 4-month high. Economists expected 53.4. The flash index of service activity recovered to 58.2 in November (56.6 in October), a 46-month high. Markets were targeting 55.5. The manufacturing flash PMI index recovered to 54.6 in November (53.6 in October), a 2-month high. The consensus gave it at 52.8.
The composite flash activity index in Germany recovered to 52.8 in November (52 in October), a 2-month high. Economists were expecting 51. The flash index of service activity recovered to 53.4 in November (52.4 in October), a 2-month high. Markets were targeting 51.5. The manufacturing flash PMI index fell to 57.6 in November (57.8 in October), a 10-month low. The consensus gave it at 56.7.
The composite flash index of activity in the euro zone recovered to 55.8 in November (54.2 in October), a two-month high. Economists expected 53.1. The flash index of service activity recovered to 56.6 in November (54.6 in October), a 3-month high. Markets were targeting 53.6. The manufacturing flash PMI index recovered to 58.6 in November (58.3 in October), a 2-month high. The consensus gave it at 57.2.
In the United States, the flash index of service activity fell to 57 in November from 58.7 in October. The manufacturing industry flash PMI index recovered to 59.1 in November from 58.4 in October.
Around 5:30 p.m., the euro gained 0.23% to $ 1.1265.
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