(News Bulletin 247) – The Paris Stock Exchange confirmed its timid gains at the close this Wednesday evening, driven by signs of calm on prices. The CAC 40 gained 0.12% to 7,583.43 points.

The Paris Stock Exchange timidly but surely continues a second session in positive territory. The CAC 40 closed up 0.12% at 7,583.43 points, narrowly failing to come back closer to its closing records set last Friday.

The boost, however, came from the sharp decline in inflation in the United Kingdom. The price increase stood at 3.9% year-on-year in November, compared to 4.6% in October.

This good figure has accelerated the downward trend in bond yields, with in particular the rate of Germany’s 10-year debt falling below 2% for the first time since last March.

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Very good stock market debut for Stif

The evolution of inflation in the United Kingdom reassures investors in the idea that inflation is falling almost everywhere in the world and that the major central banks will make key rate cuts next year.

“Investors expect rapid easing from central banks next year. But markets seem to have gone too far in pricing rate cuts,” says Mark Haefele, investment director at UBS.

In this context, investors will be particularly attentive to the publication on Friday of the PCE inflation index in the United States for November. This is the US Federal Reserve’s preferred barometer for measuring price increases.

On the value side, the decline in bond rates benefited junk stocks, such as Maisons du Monde (+6%), Atos (+3.5%) and Fnac Darty (+3.5%).

Virbac continues its progress and gained an additional 4% following the raising of the veterinary laboratory’s objectives for the year 2023.

Air France-KLM shares closed up 0.4% as the Court of Justice of the European Union annulled the European Commission’s decision to validate the transport group’s April 2020 and March 2021 rescue plans. air. The CJEU ruled against Brussels, which considered that these measures did not benefit the Air France-KLM holding company for the first plan and KLM for the second.

Note the very good stock market debut of Stif. The stock of the company specializing in protective equipment against the risk of explosions in industrial environments, appreciated by 8.9% to 7.08 euros, i.e. above its introductory price set at 6. 50 euros.

On other markets, the euro lost 0.2% against the dollar at 1.0965 dollars. Oil continues to rise, still supported by tensions in the Red Sea, an important transit point for hydrocarbons. The February contract on North Sea Brent advanced 1.2% to $80.18 per barrel, while that of the same maturity on WTI listed in New York gained 1.3% to $74.91 per barrel. .