(News Bulletin 247) – The flagship index of the Paris Stock Exchange is gaining a little ground at mid-session this Friday, while the market awaits the publication of the PCE index, the Fed’s preferred gauge to measure the price increase.

Last session for the Paris Stock Exchange before a four-day break (December 25 and 26, the place is closed). For now, the Parisian market remains timid: at mid-session this Friday, the CAC 40 gained 0.03% to 7,573.43 points.

Investors are holding their breath a little before the last big statistic of the week, namely the November PCE index, the US Federal Reserve’s preferred gauge for measuring inflation.

This indicator will be published at 2:30 p.m. and economists surveyed by the Wall Street Journal anticipate a rate excluding food and energy prices of 0.1% over one month and 3.3% over one year.

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Nexity in great shape

To see if this indicator will boost a market which has struggled to move forward in recent days, after having been driven by fairly aggressive expectations of a reduction in key rates from the major central banks next year.

The upward momentum is gradually running out of steam and investors are taking some of their profits…” observes John Plassard, investment advisor at Mirabaud.

On the value side, Nexity recorded a nice increase (+10.6%) after announcing that it had entered into exclusive negotiations with the asset manager Bridgepoint to sell it its property administration activities on the basis of a value of 440 million euro company.

Ubisoft lost 4.7% penalized by new restrictions planned by the Chinese authorities to curb player spending on online games. Its Chinese partner and video game giant Tencent lost 12.35% on the Hong Kong Stock Exchange.

On other markets, the euro gained 0.08% against the dollar to 1.10 dollars. Oil is moving forward a little. The February contract on North Sea Brent gained 0.7% to $79.73 per barrel while that of the same maturity on WTI listed in New York gained 0.9% to $74.55 per barrel. .