(News Bulletin 247) – The Paris Stock Exchange ended higher this Wednesday evening, before the closing on Thursday and a reduced session on Friday of the American markets for Thanksgiving. The CAC 40 rose by 0.4%, despite the decline of Totalenergies with the 4% plunge in oil prices.

The Paris Stock Exchange has regained its good mood, briefly lost on Tuesday. The CAC 40 increased by 0.43% to 7,260.73 points at the close, returning to its two-month highs.

In New York, the trend is also positive at the close of the European markets. The Dow Jones rose by 0.4%, as did the S&P 500, while the Nasdaq index appreciated by 0.5% despite the profit taking which followed the publication of Nvidia’s quarterly results.

The graphics card giant has once again revealed extraordinary figures that exceeded expectations in the third quarter. The group anticipates a fourth quarter above expectations but also declining sales in China, with Washington’s restrictions on chip exports to the country.

On today’s agenda, the weekly unemployment registrations which have been brought forward to this Wednesday, since the American square will be closed on Thursday, for the Thanksgiving celebrations. They fell more than expected to 209,000, their biggest drop since June after 233,000 last week. Another statistic of the day, orders for durable goods which fell more than expected, by 5.4% in October.

Note the sharp drop in black gold prices, after the decision of the Organization of the Petroleum Exporting Countries (OPEC) and its allies to postpone their ministerial meeting initially scheduled for Sunday in Vienna, to November 30. According to information from Bloomberg, the Saudis have expressed their dissatisfaction with the production of other members.

A barrel of Brent from the North Sea, for delivery in January, fell 3.8% to $79.33. A barrel of West Texas Intermediate (WTI), for delivery the same month, plunged 4% to $74.67. And this trend does not suit Totalenergies (-1.75%), which finishes bottom of the CAC 40.

In terms of good news, Elior regained 6.2%, after a publication considered reassuring. The collective catering group, which calls itself “more agile and stronger”, announced that it was profitable again and reduced its loss at the end of its staggered 2022/2023 financial year.

Interparfums increased by 5.3%, after announcing that it was counting on a turnover of around 880 million to 900 million euros in 2024.

On the other hand, nothing is going well for Casino (-2.1%) which is now targeting an operating loss of 100 million euros in France for the current year, while Casino still anticipated an operating profit at the end october.

On the foreign exchange market, the euro lost 0.4% against the dollar, to 1.0874 dollars.