(News Bulletin 247) – The Paris Stock Exchange is taking a break before publishing the minutes of the latest Fed meeting and Nvidia’s results this Tuesday evening. The CAC 40 fell 0.2% at the close, held back by the decline of LVMH.

The Paris Stock Exchange has not left the red zone. The CAC 40 lost 0.24% to 7,229.45 points this Tuesday evening. The flagship index therefore erases its advance acquired on Monday (+0.18%), which had then been well helped by Totalenergies, with the rebound in black gold prices.

This time, it was another heavyweight that influenced today’s session, namely LVMH which lost 1.9%, penalized by UBS which downgraded its recommendation on the luxury giant’s stock to neutral.

On the economic agenda, investors will be paying attention in the evening to the minutes of the American Federal Reserve, which is the report of its last monetary policy meeting.

Markets will be on the lookout for the slightest indication regarding the future direction of rates, while they have been carried away by the hope of a “Goldilocks” scenario. “In economics, the Goldilocks scenario refers to an optimal situation where growth is modest, but very real, and inflation is moderate,” recalls Christopher Dembik, investment strategy advisor at Pictet AM.

Note that Wall Street will be closed on Thursday for Thanksgiving celebrations, and stock trading on the New York Stock Exchange will only take place for half a session the next day, Friday November 24.

Before, Nvidia will publish its quarterly accounts this Tuesday after the close of the American markets. The graphics processor specialist closed Monday’s session at the top before this highly anticipated publication.

Soaring Buenos Aires Stock Exchange

In Argentina, the Merval, the flagship index of the Buenos Aires Stock Exchange, jumped 17% after the victory of the liberal Javier Milei against the Minister of the Economy, Sergio Massa. The Buenos Aires Stock Exchange therefore reacted a day late, the square in the Argentine capital being closed on Monday for a public holiday.

The automobile sector was in poor shape on the Paris Stock Exchange after the latest figures from the European market at the end of October. Renault lost 3.5%, Stellantis lost 1.9%.

On the foreign exchange market, the euro lost 0.15% against the greenback at 1.0927 dollars. As for oil prices, they are taking a break before the meeting of OPEC and its allies. The price of a barrel of Brent from the North Sea for delivery in January lost 0.4%, to 81.98 dollars, just like the barrel of American West Texas Intermediate (WTI), for delivery in January, lost 0.5% to 77. 44 dollars.