(News Bulletin 247) – The Parisian index consolidates its gains from the day before at mid-session on Thursday. The market will however remain attentive to the publication of producer prices in the United States for June, at 2:30 p.m.

The Paris Stock Exchange got the catalyst it needed to move forward. The CAC 40 still advances by 0.58% to 7375.63 points this Thursday at mid-session after having taken 1.57% the day before.

US inflation figures released on Wednesday for the month of June came in sharply below expectations, leading investors to hope that the US Federal Reserve (Fed) is adopting a more dovish tone. Even if another rate hike at its monetary policy meeting at the end of the month seems inevitable.

“Disinflation shows up more clearly in reports on the CPI (consumer price index, the main measure of inflation, editor’s note) and in the leading indicators that we follow”, underlines Tiffany Wilding economist at Pimco.

>> Access our exclusive graphic analyses, and enter into the confidence of the Trading Portfolio

Valeo, Carmila and Carrefour featured

“U.S. consumer price inflation hit its lowest pace in more than two years in June, bolstering optimism that the Fed’s rate hikes will soon end,” said De his side, Mark Haefele, chief investment officer of UBS Global Wealth Management.

Market operators will still keep a close eye on US producer prices for the month of June, which will be released at 2:30 p.m. as well as weekly new jobless claims figures in the country.

As for values, Valeo won 2.6% benefiting from an increase in Stifel’s recommendation to buy.

Carrefour takes 1% and Carmila, a real estate company that operates the walls of the retail group’s shopping centers, takes 6%. Carrefour has announced the acquisition from the Belgian Louis Delhaize of 60 hypermarkets and 115 Match and Cora supermarkets, which will strengthen its position in terms of market share against Leclerc. Carmila, for its part, will take over 52 shopping malls adjacent to Cora stores, which were 93% owned by the Louis Delhaize group.

Casino lost 4.5% after issuing a profit warning, while the company is in the midst of financial restructuring.

On the other markets, the euro gained 0.4% against the dollar at 1.11 dollars. Oil contracts are sluggish. The September contract on North Sea Brent is up 0.1% at 80.21 dollars a barrel while the August contract on New York-listed WTI is stable at 75.75 dollars a barrel.