(News Bulletin 247) – The CAC 40 progressed at mid-session, helped by a wave of encouraging economic indicators in the United States but also in Europe.

Small revival of form for the Paris Stock Exchange. The CAC 40 won 0.8% at mid-session on Wednesday, at 7273.01 points, on track for a third consecutive session in the green.

“After a few days of markets adjusting downwards, risk taking has returned with force on both sides of the Atlantic, with sharp rises in stock markets. After restrictive messages from central banks over the past two weeks, market operators, particularly in the United States, seemed to be reassured by the latest economic figures which came out better than expected”, underlines Sebastian Paris Horvitz, of LBPAM.

“Risk appetite has returned to markets over the past 24 hours, helped by a string of strong US data that eased fears of an impending recession after weaker data over the past week,” abound the strategists of Deutsche Bank.

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Both new home sales and household confidence in the United States emerged on Tuesday above economists’ expectations. In Europe, this Wednesday, household morale in France improved slightly over the month of June. Conversely, the forecast of German consumer sentiment for July, established by the GfK barometer, contracted for the first time in nine months.

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In terms of values, the CAC 40 is carried by Carrefour (+3.5%). Morgan Stanley began monitoring the stock with a recommendation to “overweight”, the equivalent of “buying” the US bank.

The Orpea action is suspended at the company’s request and while its creditors and shareholders are called upon to vote on the company’s safeguard plan.

On the smallest caps, the specialist in hygiene and industrial maintenance products Orapi jumped 24.4% following the announcement of the sale of a block of 34.8% and 50.7% of the capital. held by the chairman of the supervisory board, Guy Chifflot at Groupe Paredes (a company comparable to Orapi). The price shows a premium of 29.2% compared to the last quoted price. Groupe Paredes plans, once this block buyout is finalized, to launch a takeover bid. The investment company specializing in SMEs Kartesia, which owns 29.8% of the capital, did not accept the offer from Groupe Paredes and submitted a competing offer to Guy Chifflot, who refused it.

On the other markets, the euro is stable against the dollar at 1.0960 dollar. Oil is sluggish. The North Sea Brent contract for August delivery fell 0.1% to 72.46 dollars a barrel, while that of the same maturity on WTI listed in New York lost 0.06% to 67.66 dollars. the barrel.