The Paris Stock Exchange lost 22.11 points to 6,535.29 points around 10:10 a.m., the evolution of the day having quickly tipped the weekly balance sheet into negative (-0.28%), after six consecutive weeks of increase.

If the day before, the Parisian place had ended up (+0.45%), supported by encouraging macroeconomic indicators in the United States, already on Wednesday, the session had trimmed all the gains from the start of the week, before the publication of the "minutes" of the last meeting of the Fed, at the end of July, during which the Institution had raised its rates by 75 basis points.

“Market participants are beginning to realize that the policy of the American central bank (Fed) will not change immediately with each new economic impulse,” said Andreas Lipkow, analyst at Comdirect.

In an interview published Thursday by the Wall Street Journal, the chairman of the Fed's office in St. Louis, Missouri, James Bullard, known for his tough stance on monetary policy, said he was in favor of a new 0.75 percentage point increase in the key rate at the next meeting in September.

Several other members of the Fed have indicated their favorable position on the continuation of a rise in key rates, at various levels.

However, in the eyes of Michael Hewson at CMC Markets, "it was the comment from Minneapolis Fed President Neel Kashkari that was most enlightening."

While Mr. Kashkari is less inclined, according to Mr. Hewson, to advocate big hikes, he “insisted that the Fed needs to do more against inflation urgently, even at the cost of slowing inflation. economy and risk triggering a recession".

On the European side, "European Central Bank executive board member Isabel Schnabel said inflation in the eurozone has not improved since the ECB raised its rates in July and is in favor of a large increase next month, even if the risks of recession increase", underlines Ipek Ozkardeskaya, analyst of Swissquote.

On Friday, Germany announced a 37.2% rise in its producer prices in July over one year, the largest increase since 1949, according to the Federal Statistical Office.

Over one month, prices rose by 5.3%.

In the United Kingdom, retail sales rebounded slightly in July, driven in particular by online sales, but the long-term trend remains downward as inflation weighs on the British budget.

Alstom balanced on the rails

The SNCF has placed an order with the railway manufacturer Alstom for 15 additional new generation TGVs, in addition to the 100 copies already purchased four years ago, to respond to the growth in traffic and to launch trains abroad.

In green at the opening, the title of Alstom fell by 0.07% around 10:15 a.m., to 22.23 euros.

Valneva loses hope

The Franco-Austrian biotechnology laboratory announced Thursday that it has begun submitting its chikungunya vaccine candidate to the American health authority (FDA), in a press release.

First up in the first exchanges, its title fell by 0.12% to 9.78 euros around 10:15 a.m.

© 2022 AFP