(News Bulletin 247) – The Paris Stock Exchange ends up slightly after the publication of inflation figures in the United States for the month of March. Despite limited gains at the end of the course, the Parisian index set a new closing record at 7,396.94 points.

The rebound will have made pschitt… Up 0.5%, the Paris Stock Exchange will have experienced a hesitant end of the session. The CAC 40 closed slightly up 0.09% at 7,396.94 points on Wednesday evening. A performance that was enough to bring down his short-lived closing record recorded the day before at 7,390.28 points.

The upward current observed in recent sessions remains intact after the latest inflation figures in the United States published a little earlier in the afternoon. In March, the consumer price index in the United States, the best known measure of price increases, rose 5% year on year, its weakest increase since May 2021. This decline in the inflation across the Atlantic was welcomed by operators. The initial rebound of the CAC 40 increased in intensity, the Parisian index having even hit a historic high in the session, at 7,463.67 points, around 2:35 p.m.

But a component of these inflation figures still gives the Federal Reserve arguments to tighten the screws next month. For the last time, hope the operators… “Core” inflation, that is to say excluding energy and food prices, stood at 5.6% in the third month of the year, These data are in line with the expectations of economists surveyed by the wall street journal. Operators estimate the probability of the Fed raising its key rate by 0.25% to a range of 5% to 5.25% at 73.2%, according to CME Group’s FedWatch tool.

On the foreign exchange market, the euro rose 0.6% to 1.0975 dollars. The eurozone currency briefly rose above $1.099 after US inflation data. Gold is moving up to $2,006 an ounce.

Scor assures

In terms of values, the reinsurer Scor increased by 2.80% after having specified its objectives for 2023 by applying the accounting standard IFRS 17. On this basis, the company intends to increase its economic value by 700 basis points (7% ) above the risk-free rate. It also intends to place its solvency ratio in a range deemed optimal of 185% to 220%.

Maisons du Monde gained 2.3%, the furniture brand announced price cuts for 140 of its products.

L’Oréal, for its part, lost 1.20%, penalized by a lowering of recommendations from Deutsche Bank to “hold” against “buy”.

On the side of smaller capitalizations, the IT services company Micropole dropped 5.1% after publishing its 2022 annual results, with operating profitability at half mast, weighed down in particular by poor management of the workforce in Switzerland.