(News Bulletin 247) – The Parisian index remains on a feverish trend, while encouraging news is missing. The CAC 40 (-0.1%) is like anesthetized, before the next meetings of the major central banks.

As since the beginning of the week, the Paris Bourse is walking on eggshells. The CAC 40 closed slightly down 0.09% at 7202.79 points. The latest macroeconomic indicators call for caution, including those on Chinese foreign trade, published Wednesday morning.

In May, exports from the world’s second largest economy plunged 7.5%, a much steeper drop than the 1.8% decline economists had anticipated, according to a consensus quoted by Deutsche Bank. A few statistics will be on the agenda this weekend, including GDP growth in Japan and the euro zone for the first quarter on Thursday. Then in the afternoon, investors will learn about traditional jobless claims in the United States.

But unsurprisingly, it is obviously the next monetary decisions of the US Federal Reserve and the European Central Bank that occupy the minds of operators. In fact, the Central Bank of Canada unexpectedly raised its main key rate by 0.25 percentage points, to its highest level in 22 years. It followed in the footsteps of its Australian counterpart, which to everyone’s surprise raised its main key rate by 25 basis points (0.25 point) to 4.1%, justifying this new tightening of monetary screws by inflation that is still too persistent. .

Regarding the Fed, no member of the FOMC will speak this week due to the traditional “quiet period”, before the monetary policy decision expected next Wednesday. “Markets are pricing in a pause from the Federal Reserve, having hiked rates relentlessly for more than a year now, but the latest speeches from Fed members have brought out a mixed message and investors will await clarification on its outlook,” says IG analyst Vincent Boy.

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Teleperformance is picking up the slack

As for values, Teleperformance gained a little ground (+2.3%), while Royal Bank of Canada certainly slashed its price target on the title, but also confirmed its opinion of outperformance. In summary, the Canadian bank considers that the market’s fears about the emergence of generational AI which would break the group’s activity are exaggerated.

Atos fell 4.6% after gaining around 3% early in the session. The digital services company has revised upwards its medium-term ambitions for its historical businesses.

As for small caps, Keyrus took off by 55.1% to get closer to the draft simplified public tender offer announced on Tuesday and which offers a price of 7 euros per share.

Up 15%, Theranexus has obtained the green light from the European Medicines Agency for its phase 3 clinical study evaluating its potential treatment for Batten disease.

Sword Group grew by 3.3%. The market appreciates the future strategic plan of the company which will revolve around artificial intelligence.

On the other markets, the euro is stable against the dollar at 1.0697 dollar. Oil prices are on the rise. The North Sea Brent contract for August delivery is up 1.6% at $77.48 a barrel, while the July contract on New York-listed WTI is up 1.8% at $73.03 a barrel. barrel.