Paris (AFP)

The Paris Bourse lost 1.11% Wednesday morning, after several corporate publications and on the eve of the European Central Bank (ECB) meeting which was causing nervousness in the market.

At 9:24 am, the Parisian CAC 40 index yielded 74.76 points to 6,651.31 points the day after a decline of 0.26%.

"The meeting of the ECB tomorrow will be particularly followed by market participants", write the experts of Saxo Bank in a morning note.

The main point of attention will concern the envelope of the emergency assistance program (PEPP), launched in March 2020 for the euro zone economy in the face of the pandemic.

This program of bond buybacks on the markets intended to guarantee cheap financing to support demand and activity, of 1.850 billion, is theoretically due to end in March 2022.

"The question is whether the ECB believes that the dark period of the pandemic is behind us and that the economy no longer requires such a level of support", underlines Saxo Bank.

The ECB, perceived for now as less inclined to tighten monetary policy than the US Federal Reserve (Fed), could start to talk about reducing its asset purchases, as Fed Chairman Jerome Powell, s 'is shown to be very cautious at the end of August.

Airbus backs down

The European aircraft manufacturer recorded more than 100 new orders for commercial aircraft in August, notably from Delta, Jet2.com and Latam, and delivered 40 aircraft at the same time.

Its title fell 0.95% to 113.02 euros in the very first exchanges.

Sanofi buys an American biotech

The action of the pharmaceutical giant fell 1.25% to 85.86 euros after the announcement of the takeover of the American biotechnology company Kadmon for $ 1.9 billion.

Interparfums predicts a more difficult end of the year

Interparfums shares tumbled 6.62% to 55 euros after the group confirmed its sales targets for the current year while warning that the second half was "more difficult" due in particular to tensions on the supply chain.

EssilorLuxottica increases its stake in GrandVision

The Franco-Italian eyewear giant has announced that it will increase its share in the capital of its former Dutch competitor GrandVision to 83.4%, which it is in the process of buying in full.

The share yielded 0.41% to 168.44 euros.

© 2021 AFP