(News Bulletin 247) – The CAC 40 rose a little at the end of the morning on Tuesday, while bond yields fell a little.
The Paris Stock Exchange returns to a more wait-and-see phase but remains in the green. The CAC 40 thus won 0.39% at mid-session on Tuesday, at 7334.32 points, after having taken 1.3% the day before.
A slight easing on bond rates is observed, the yield on the ten-year US Treasury note moving to 4.189% against 4.204% on Monday evening, while that on the German Bund with the same maturity is at 2.547% against 2.582% .
In the absence of significant news so far on Tuesday, the market is awaiting several key indicators which will be published in the coming days.
“This week, it is mainly the economic data that matters, and the most important will be published on Friday, because it will determine the position of the members of the Fed (American Federal Reserve, editor’s note) on monetary policy, namely the figures of the American job,” said Naeem Aslam of Zaye Capital.
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“The US jobs market remains robust by and large, and if we get another decent result, that will only give the Fed more strength to stay bold in its monetary policy,” he continued.
The market will also watch the PCE index on Thursday, the Fed’s preferred barometer for gauging inflation.
As for values, with the exception of Carrefour, which lost 2.9%, variations on the CAC 40 remain very contained.
Some companies that are in debt or whose stock is sensitive to changes in interest rates are gaining ground. This is the case of Elior (+3.4%) or Casino (+2.2%).
Valneva nibbles 0.9% after Canada deemed admissible its application to market its vaccine candidate against chikungunya.
On the smaller cap side, automotive supplier Plastivaloire jumped 9.6% after posting solid activity in the third quarter of its staggered 2022-2023 fiscal year.
On other markets, the euro lost 0.06% to 1.0815 dollars. Oil, on the other hand, is gaining some ground. The October contract on Brent from the North Sea takes 0.4% to 84.18 dollars a barrel, while that of the same expiry on WTI quoted in New York advances by 0.4% also to 80.40 dollars. the barrel.
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