(News Bulletin 247) – The CAC 40 is moving up sharply this Wednesday at mid-session, while investors are nervously awaiting inflation for the month of June in the United States.

The Paris Stock Exchange regains appetite for risk, ahead of an indicator that will be followed like milk on fire. The CAC 40 advances by 0.7% to 7271.36 points at the midpoint of this Wednesday, continuing its reconquest, after having been roughed up last week.

The trend will be confronted with the publication, this afternoon, of inflation for the month of June in the United States, at 2:30 p.m. exactly. Economists polled by the Wall Street Journal expect a figure of 3.1% over one year and 5% for the “core” index excluding food and energy prices.

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“If the number is close to the forecast of 3.1% or even 3.1%, we think that will be seen as good news for the market, because the Fed’s inflation target is 2% If the figure is lower than 3.1%, market participants will rejoice, because it would mean a significant change in the publication of inflation”, develops Naeem Aslam of Zaye Capital.

This publication is all the more popular as the US Federal Reserve will hold its monetary policy meeting in two weeks. Its members have long signaled that rate news is to be expected and will, barring surprise, be enacted.

“It would take a real shock on the side of ‘core’ inflation to really provoke a debate in two weeks”, judges Craig Erlam of Oanda.

STMicro at the relaunch, the acquisition of Thales is welcomed

As for values, STMicro won 3.9%, benefiting from an increase in recommendation from Jefferies to “hold” against “sell” previously.

Axa takes 2.5% while according to Reuters the group would consider selling or listing separately its XL Re reinsurance branch. Asked by the agency, the company did not comment.

Thales took 2.3%, the market appreciating the announcement of the takeover of Cobham Aerospace Communications, which specializes in aircraft cockpit security communications systems, for an enterprise value of 1.1 billion dollars.

Casino takes 8% while according to The echoesthe two capital contribution offers, those of the duo Kretinsky-Ladreit de Lacharrière, and that of the trio Niel-Pigasse-Zouari will both be raised.

Air France-KLM lost 3.3% suffering from a downgrade from Deutsche Bank, which lowered its advice to “hold” against “buy” previously.

On other markets, the euro gained 0.1% against the dollar at 1.1026 dollars. Oil prices are moving up slightly. September contract on North Sea Brent rises 0.3% to $79.67 a barrel while August contract on New York-listed WTI rises 0.45% to $75.17 a barrel .