(News Bulletin 247) – The CAC 40 ended up on Tuesday during a session marked by relatively few indicators. But the lower than expected level of vacancies has boosted the market somewhat.

If the big meetings will take place later in the week, the Paris Bourse has done with the little it had to confirm its rise on Monday. The CAC 40 thus ended up 0.67% at 7373.43 points on Tuesday, after gaining 1.3% the day before.

The trend was markedly upward after the publication of indicators of vacant positions in the United States. At the end of July the number of job vacancies stood at 8.8 million, according to data from the US Labor Office, a decrease of 338,000 units over one month. Economists polled by MarketWatch were expecting a figure of 9.5 million.

A first sign which seems to show that the tensions on the American labor market are subsiding, and which could thus simplify the task of the American Federal Reserve (Fed). The latter must currently bring inflation back to the 2% trajectory while trying to avoid a recession.

These data “cast further doubt on the idea that the Fed will have to keep rates at a high level for longer”, considers Capital Economics.

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US jobs coming Friday

Nevertheless, this statistic, if it gives some satisfaction to the market, weighs little next to the monthly report on American non-farm employment, which is very extensive. The August 2023 edition of this report will be published on Friday, which the market is awaiting with some excitement.

“The US jobs market remains robust by and large, and if we get another decent (US jobs) release, that will only give the Fed more strength to stay bold in its monetary policy” , believes Naeem Aslam of Zaye Capital.

It should be noted that bond yields have, moreover, seen their evolution firmly anchored in the red following the publication of vacancies in the United States. The rate of the 10-year US Treasury bond fell to 4.157% against 4.204% on Monday evening.

Carrefour, the shadow on the board

With this renewed appetite for risk, the values ​​of the CAC 40 have almost all ended in the green, with the exception of a handful of defensive stocks such as Danone (-0.2%), Thales (-0.37 %) or Edenred (-0.54%).

But the real exception is Carrefour, which dropped 4.6%, the market seeming to react with a certain latency to the last Kantar panel reporting a decline in the distributor’s market share in France.

On the smallest values, Plastivaloire gained 5.7% after publishing robust growth in the third quarter of its 2022-2023 financial year.

On other markets, the euro gained 0.2% against the dollar at 1.0845 dollars. Oil, on the other hand, is gaining some ground. The October contract on Brent from the North Sea takes 0.45% to 84.25 dollars a barrel, while that of the same expiry on WTI listed in New York also advances by 0.4% to 80.44 dollars. the barrel.