CAC40: further decline expected at opening
It may have been a new quarter, but yesterday was another difficult day for the markets, particularly with a wave of selling in bonds that showed no sign of letting up", recalls Deutsche Bank.
The latter believes that 'the absence of a shutdown this weekend was seen in a darker light as the day progressed, because while it eliminated a tangible risk to the economy, it also increased the probability of further rate hikes'.
Deutsche Bank thus points out that, according to futures contracts, the probability of a hike at the next FOMC meeting in November rose from 19% on Friday to 28% on Monday, while that of a hike in December rose from 39% to 51%.
On the value front, logistics property company Argan reported a 12% increase in rental income to 137 million euros in the first nine months of the year, and confirmed its targets for 2023 as a whole.
Retail property company Carmila announced that it had issued a 500 million euro bond maturing in October 2028, with an oversubscription rate of 2.2 times, to finance the acquisition of Galimmo.
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