(News Bulletin 247) – The Paris Stock Exchange remains well oriented, although fewer investors on this holiday, still welcome the slowdown in prices in the United States. The CAC 40 rose 0.2% at midday on Friday.

The Paris Stock Exchange wants to end this week on a fireworks display. Slightly down at the opening, the CAC 40 is now moving up 0.2% at midday in contact with 7,400 points, to 7,386.68 points.

The volumes traded, however, testify to the desertion of tricolor operators on this holiday of July 14, only 577 million euros have been traded since the opening. The star index is therefore on track to achieve a perfect week, and is currently showing an increase of 3.4% over the week.

Thursday, the CAC 40 indeed closed up 0.50%, in the wake of confirmation, by producer prices this time, of a slowdown in inflation across the Atlantic. On Wednesday, the markets had already welcomed a moderate but noticeable cooling in the dynamics of consumer prices, still in the United States, for the month of June.

If in Paris the news is sparse, in the United States on the other hand, investors will be attentive at the beginning of the afternoon to the publications of the major American banks, including those of JPMorgan, Wells Fargo and Citigroup.

Vallourec the stock market tube of the day

Among the rare news of the day in Paris, we can cite Vallourec, which rose by 5.2%. The seamless steel tubes group announced Thursday evening that it expects results for the second quarter of 2023 “likely to be above its expectations”.

Air France-KLM, for its part, is selling 0.7% while the American fund Apollo is to inject 500 million euros into the engineering and maintenance components subsidiary of the Franco-Dutch airline.

On the other markets, the euro is stable against the dollar at 1.1223 dollars. Oil contracts are progressing little. The September contract on Brent from the North Sea climbed 0.1% to 81.42 dollars a barrel while that of August on WTI listed in New York also gained 0.1% to 76.94 dollars a barrel.