(News Bulletin 247) – The CAC 40 is evolving close to equilibrium in a market that refuses to take risks in the absence of American operators.

The Paris Stock Exchange is struggling to emerge from its torpor. The CAC 40 is evolving at a standstill in mid-session on Tuesday, yielding 0.03% to 7384.29 points, after having experienced an already amorphous session the day before (-0.18%).

The absence of American operators, Wall Street being closed on July 4 to celebrate the independence of the United States, clearly does not help risk taking.

Especially since the equity markets remain on a bullish phase in the first half. More encouraging indicators will therefore be needed for the indices to continue to rise.

“With global interest rates likely to stay higher for longer, we believe there is limited room for global equity valuations to improve in the second half of the year. We also expect corporate earnings to be threatened by the slowdown. economic growth and the downward trend in profit margins,” said Mark Haefele of UBS Wealth Management.

The big meeting of the market will take place this Friday with the US employment report for the month of July.

Virbac plunges after a “proft warning”

As for values, the Casino action is suspended after having taken 16% at the start of the session. The company asked Euronext to suspend its action pending a statement. Casino previously received offers from capital contributors to carry out its financial restructuring. These come from the duo Kretinsky-Ladreit de Lacharrière and the trio Niel-Pigasse-Zouari.

Virbac plunged 9.6%, the company being penalized by the lowering of its outlook for 2023 due to the slowdown in the animal health market.

On the other markets, the euro lost 0.1% against the dollar at 1.09 dollars. Oil is moving up, the North Sea Brent contract for September delivery is up 1.2% at 75.51 dollars a barrel, while the August contract on New York-listed WTI is up 1 .2% to $70.64 a barrel.