(News Bulletin 247) – The CAC 40 ended up slightly up 0.4%, after losing more than 1% on Monday evening. The Paris market benefited from an easing on bond rates following the remarks of a member of the European Central Bank.

Without direction at mid-session, the Paris Stock Exchange woke up slightly in the afternoon in reaction to a drop in debt rates in the euro zone.

The CAC 40 closed up 0.38% to return to 7300 points, at 7319.18 points on Tuesday evening. On Monday, the flagship index of the Parisian market had fallen by more than 1%, weighed down by the decline in values ​​​​of the luxury sector.

This change of mood is explained by an exit of Klaas Knot, president of the Bank of the Netherlands and member of the board of governors of the ECB, which had its small effect on bond yields. He said on Tuesday that rate hikes after July were not “a certainty” but “at most a possibility”. These comments give investors hope that the ECB’s monetary tightening policy is coming to an end. What feed a little more the optimism of investors on the orientation of the monetary policy of the European institution.

Furthermore, the publication of a battery of economic indicators in the United States also boosted the trend. On the one hand, retail sales in June in the United States rose less than expected, by 0.2% in June against a rise of 0.5% hoped for by the consensus. But in the end, they came out in line with expectations, “after taking into account the upward revisions of May”, according to Art Hogan of Briefing.com quoted by AFP.

Retail sales are closely watched as they reflect the strength of US household consumption, itself the engine of US growth. As for the figures for American production, these came out lower than expected again for the month of June, with a contraction of 0.5% over one month, where stability was expected.

Difficult resumption of listing for Casino

On the stock side, SES-Imagotag rose 7.4% benefiting from a contract with the “largest furniture distributor in the world” of Swedish origin, without however naming its partner (if you think of Ikea, you think like us). The stock is also supported by the resumption of coverage from Berenberg who recommends buying the stock.

On the other side of the spectrum, we find Casino which fell by 10%, the title resuming its quotation after being suspended the day before. The group has decided to continue discussions with a group of investors led by Daniel Kretinsky and who must inject equity. The company intends to complete its financial restructuring by the end of the month.

Aramis Group returned 7.9% as the market sanctioned the company’s point of activity in the period from April to the end of June, marked by a drop in sales of reconditioned vehicles.

As for small stocks, Biophytis ended up sharply by 33.9% after a peak of +68.2% at the start of the afternoon. The biotechnology company was sought on the Paris Stock Exchange, in response to the signing of a framework contract with Seqens, which will ensure the production of the active ingredient of Sarconeos, the drug candidate developed by Biophytis.

On the other markets, the euro lost 0.1% against the dollar at 1.1215 dollars. Oil contracts are picking up. The September contract on North Sea Brent rose 1.4% to 79.58 dollars a barrel, while the August contract on New York-listed WTI rose 1.7% to 75.31 dollars a barrel. barrel.