(News Bulletin 247) – The Paris Stock Exchange is moving cautiously on the cusp of the publication of American inflation figures for October, this Tuesday afternoon. The CAC 40 oscillates around equilibrium at mid-session.

The Paris Stock Exchange is walking on eggshells before the publication of crucial data on prices in the United States this Tuesday afternoon. The CAC 40 increased by 0.10% at the gates of 7,100 points to 7,092.78 points around 12:15 p.m. The flagship Parisian index is therefore trying to extend its rebound initiated on Monday (+0.6%).

The market is therefore awaiting the publication of the CPI, or the consumer price index in the United States for the month of October this Tuesday, at 2:30 p.m. Investors will be evaluating the effectiveness, at this point, of many months of restrictive monetary policy. On an annual basis, prices are expected, in the broadest base of products, to increase by 3.3%, compared to 3.7% the previous month.

The market is therefore expecting a real slowdown in price dynamics last month. And therefore, that the American Federal Reserve be more flexible in the management of its monetary policy even if its president Jerome Powell had assured, at the end of last week, that the monetary institution “would not hesitate” to further raise key rates “if necessary” in order to combat inflation.

Still on the economic front, the contraction of the euro zone economy was confirmed in the third quarter compared to the previous three months. Gross domestic product (GDP) therefore fell by 0.1% in the euro zone, between July and the end of September according to Eurostat data.

In Germany, investor morale is improving greatly. The ZEW index measuring German investor sentiment increased to 9.8 points compared to -1.1 in October. And this is more than the consensus which expected a 5-point index.

After Orpea, Clariane

The listed retirement home sector is in turmoil. Clariane, the former Korian, fell by 17% after announcing a major financing plan intended to avoid a payment default in 2024.

Orpea is reserved for the decline, with a final price of 0.9486 euros after having lost 14.5% on Monday. The retirement home operator announced the first stage of its major financial restructuring on Monday.

On the foreign exchange market, the euro gained 0.2% to 1.0719 dollars before the publication this Tuesday afternoon of American inflation figures. As for oil prices, a barrel of Brent from the North Sea, for delivery in January, nibbles 0.1% to 82.61 dollars. Its American equivalent, a barrel of West Texas Intermediate (WTI) for delivery in December, is balanced at $78.30.