(News Bulletin 247) – The Paris Stock Exchange materializes its meager gains in a private market of the Wall Street compass, which was closed for Thanksgiving Day. The CAC 40 ended up 0.2% on Thursday evening.

Deprived of Wall Street being closed for the Thanksgiving holiday, the Parisian market continued to progress calmly.

The CAC 40 ends this new day up 0.24% to 7,277.93 points this Thursday evening at the close. For the moment, the flagship index is in positive territory over the week (+0.60%), which allows it to return to its levels for the month of September.

The day’s progress was made almost in a vacuum, with a blank schedule in the United States. In Europe, on the other hand, operators took note in the morning of the flash PMI indices for the month of November in the euro zone. Across the entire monetary union, this indicator which measures private sector activity has certainly recovered to 47.1 compared to 46.5 in October, but remains below 50, the threshold between a contraction and a progress of the activity.

A coming recession

“The euro zone economy is mired. According to our models, these new figures make possible a second consecutive quarter of GDP contraction,” Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, said, as quoted by Reuters.

It is therefore in this context that the markets will also take note of the minutes of the last meeting of the European Central Bank, two days after that of the American Federal Reserve.

In its document, the ECB wanted to recall “the considerable uncertainty surrounding the evolution of the economic and inflation outlook during a phase of economic slowdown”, while emphasizing that the pause on rates in October “was not a message of convenience”, sent to the market.

A poultry house that stands out for Thanksgiving

As for the (rare) stocks in sight, LDC finished up 3.9%, the markets having appreciated the latest publication which was higher than the poultry producer’s expectations.

On the foreign exchange market, the euro increased by 0.2% to 1.0917 dollars. As for oil prices, they fell further this Thursday after the surprise postponement of the OPEC + meeting to November 30. A barrel of Brent from the North Sea, for delivery in January, fell 1.2% to 80.98 dollars. A barrel of West Texas Intermediate (WTI), for delivery the same month, fell 1.4% to $76.