(News Bulletin 247) – The CAC 40 is close to equilibrium at mid-session on Thursday, while the rise in prices stabilized in August in the euro zone.

The Paris Stock Exchange lacks catalysts to pick up speed. At mid-session this Thursday the CAC 40 lost 0.14% to 7354.27 points.

Investors take note of the latest inflation figures in the euro zone in August. In France, inflation rose again to 4.8% over one year after 4.3% in July. In the euro zone, inflation remained stable at 5.3% but it is higher than the figure of 5.1% which was expected by economists.

Capital Economics notes, however, that “the inflation rate for food, beverages and tobacco continued its downward trend, dropping from 10.8% to 9.8%”. “More importantly for the ECB (the European Central Bank), core inflation fell from 5.5% to 5.3%, as expected,” adds the think tank.

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Pernod Ricard in the hard

The market is now holding its breath ahead of the release of the PCE index, the Federal Reserve’s (Fed) preferred gauge for measuring inflation, which will be released at 2:30 p.m.

On the values ​​side, Pernod Ricard is suffering, losing 4.1% after publishing results described as “mixed” by Royal Bank of Canada for its entire 2022-2023 financial year. In its wake Remy Cointreau lost 2.7%.

Values ​​heavily exposed to Gabon, which had plunged on Wednesday, rebounded a little. Eramet wins 9% and Maurel & Prom takes 6.7%.

On other markets, the euro lost 0.5% against the dollar at 1.0874 dollars. Oil prices are up a bit. The November contract on North Sea Brent rises 0.5% to $85.67 a barrel, while the October contract on New York-listed WTI advances 0.6% to $82.10 a barrel .