(News Bulletin 247) – The CAC 40 is moving down slightly in mid-session, weighed down by mixed activity indicators.

After an excellent run last week, the CAC 40 now seems to be entering a consolidation phase. The Parisian index fell 0.25% to 7,326.90 points on Tuesday at mid-session, following a day on Monday ended in equilibrium (-0.01%).

The latest statistics in the United States have somewhat calmed the upward movement that the market was experiencing. Jolts data released on Monday afternoon showed a sharp decline in job openings in the country over February, which “could be the first signs of weakness in the US labor market, which is huge”. , points out Craig Erlam of Oanda.

“As the risks of an impending banking crisis have dissipated, fears about growth momentum, particularly in the United States, have continued to gain ground, all the more so with the new rise in the price of oil”, underline for their part the economists of La Banque Postale Asset Management, for whom “the risk of recession seems to be gaining ground”.

Featured Sodexo

In this context, investors will watch in particular, this afternoon, the ADP report on American employment as well as the ISM services index.

In the eurozone, the composite PMI index for the eurozone, which measures private sector activity, was revised down slightly to 53.7 from 54.1 in an initial estimate. A figure of 50 marks the boundary between an expansion and a contraction in activity.

In terms of values, the “card” of the day is signed Sodexo (+ 12.8%) with the announcement of its plan to split its Employee Benefits and Rewards activity, which includes restaurant vouchers in particular. This split via an IPO should enable this business to accelerate its growth and be more agile in terms of strategy.

Solution 30 (+3.5%) is for its part supported by a partnership in the United Kingdom to deploy optical fiber in London, on the network of the Internet service provider Community Fibre.

Conversely, Nexans lost 7.6%, weighed down by a placement of 4.2 million shares from its Chilean reference shareholder, Invexans.

On the other markets, the euro lost 0.05% against the dollar at 1.0952 dollars. Oil, on the other hand, is changing little. The June contract on Brent from the North Sea fell 0.2% to 84.76 dollars a barrel while that of May on WTI listed in New York dropped 0.2% to 80.54 dollars a barrel.