(News Bulletin 247) – The Paris Stock Exchange ends slightly higher on Friday. Which does not prevent it from posting a weekly gain of 0.8%, to return to contact with 7,300 points.
Unsurprisingly, this last session of the week was not exciting at the Paris Stock Exchange. The American speakers were more busy shopping the day after Thanksgiving than taking positions on Wall Street, which will be closed at 7 p.m. Paris time.
The CAC 40 ended up 0.20% at 7,292.80 points this Friday evening. On Thursday, the flagship Parisian index had already gained 0.24% in the absence of benchmarks from Wall Street, closed for Thanksgiving. The CAC 40 therefore gained 0.81% over the week.
On the agenda this Friday, some macroeconomic indicators on both sides of the Atlantic have provided some food for thought for investors. In Europe, operators noted confirmation of the contraction of the German economy in the third quarter. Germany saw its GDP fall by 0.1% while the morale of entrepreneurs in the country improved, but not enough. The IFO index measuring the business climate in the country rose by 0.4 points to 87.3 points, while analysts were expecting 87.5 points.
In the United States, the composite PMI index (which compiles services and industry activity) came out a little above expectations at 50.7 for the month of November, while expectations were at 50.4 points (the threshold of 50 marking the difference between a contraction and an expansion of activity).
Little news
On the business side, the news was very sparse. Laurent-Perrier finished up 1.7% after its half-year accounts, supported by an increase in bottle prices. The group still warns that the second part of the year will be more complicated.
On the foreign exchange market, the euro gained 0.2% against the dollar to 1.0933 dollars. On the oil side, the prices of the two global benchmarks are moving in dispersed order. The barrel of Brent from the North Sea for delivery in January gained 0.6% to 81.93 dollars, while its American equivalent, the barrel of West Texas Intermediate (WTI) for delivery in January, lost 0.4% to $76.80.
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