(News Bulletin 247) – The Paris Stock Exchange ended this last session of April in the green after a busy week in corporate publications and after inflation figures considered high by the market. The CAC 40 gleans 0.1% on Friday evening, bringing its progression to 2.31% over the whole of April.

The end of April was turbulent on the Paris Stock Exchange. Between the numerous company publications and macroeconomic statistics, investors had a lot of data to digest. On the edge, the CAC 40 closes this last session of April up 0.10%. The Paris index, however, comes up against the threshold of 7,500 points to finish its race at 7,491.50 points.

With a bearish start to the week, the weekly performance is therefore negative since the Paris star index is down 1.13%. The modest increases on Thursday and this Friday were not enough to save the week for the CAC 40, which broke a series of five weekly increases.

On the whole of April, on the other hand, the index was carried by its many records recorded last week and thus progressed by 2.31%. In addition, it achieves a perfect monthly series with four months out of four winners to post a gain of 15.7% since the beginning of the year.

Remember that the Paris Stock Exchange is closed on Monday, May 1.

Major statistics before the verdict of the central bankers

Investors had a lot to do on Friday, analyzing a salvo of corporate publications as well as the latest price statistics on both sides of the Atlantic, including the PCE index, the Federal Reserve’s favorite measure. US (Fed) to gauge inflation.

Although inflation slowed to 4.2% over one year in March against 5.1% in February, the underlying component (excluding energy and food) has tensed investors. Core inflation increased over one month, by +0.3% and slowed less than expected over one year, to 4.6% against 4.7% in March and 4.5% expected by economists polled by the Wall Street Journal.

On the Old Continent, inflation also remained high within the euro zone countries. In France, for example, it rebounded to 5.9% over one year in April, after having slowed to 5.7% in March, according to an initial estimate published by INSEE.

The fight against inflation has not yet been won, which should lead the European Central Bank (ECB) to raise its rates further despite the economic slowdown. The GDP of the euro zone thus progressed by 0.1% over the first three months of the year, that of France by 0.2% while Germany stagnated.

It is in this context that the Fed will hold next week, just like the ECB, its monetary policy meeting. The market expects an increase of 25 basis points (0.25%) in its key rates.

Rémy Cointreau toasts, the market zaps TF1

As for values, Rémy Cointreau plunged 11.8%, after reporting disappointing prospects for the 2023-2024 financial year which will end next March, penalized by a fall in volumes in the United States. In its wake, Pernod Ricard lost 3.5%.

TF1 (-7.1%) also suffered as the group reported a sharp contraction in its advertising revenues in the first quarter and did not report any significant improvement in the beginning of April.

Among the strongest increases of the SBF 120 we find, Casino with an increase of 9.4%, Atos (+6.9%) followed by Solutions 30 (+6.8%) which closes the podium of the day.

It should be noted that Limagrain, majority shareholder of Vilmorin, will launch a simplified takeover bid with a view to delisting the company.

On the other markets, the euro grabbed 0.10% against the dollar at 1.1037 dollars. Oil prices rebound. The North Sea Brent contract for July delivery is up 2.8% at $80.38 a barrel, while the New York-listed June WTI contract is up 2.6% at $76.72 a barrel. barrel.