(News Bulletin 247) – The CAC 40 gained some ground mid-session this Thursday, supported by the positive close on Wall Street the day before. The market is mainly awaiting the publication of American inflation figures at 2:30 p.m.

D-day for the main statistic of the week, namely American inflation, which will be revealed this Thursday afternoon. Pending this publication, the Paris Stock Exchange is moving in the green, with the CAC 40 gaining 0.2% to 7,441.22 points, supported by the green closing on Wall Street, where the S&P 500 gained. 0.57% Wednesday evening.

The consumer price index in the United States for the month of December will be published at 2:30 p.m. and economists surveyed by the Wall Street Journal expect inflation excluding energy and food prices to be 3.8% over one year. and 0.3% over one month.

This figure is crucial, as the market anticipates significant key rate cuts from the US Federal Reserve (Fed) this year, with a first cut expected to take place in March. These speculations appear to be in total dissonance with recent statements by members of the Fed, who speak of a first cut much later.

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Teleperformance in good shape

“December inflation figures released today could either reinforce expectations for action in March or push this move back to later in the year,” said Michael Hewson of CMC Markets.

On the value side, Teleperformance is progressing strongly, gaining 7% while Exane BNP Paribas has resumed monitoring of the value with an “outperformance” advice and a target of 205 euros.

Alstom advances by 2.1% driven by HSBC which confirmed its purchase advice while judging that the railway equipment manufacturer could avoid the scenario feared by the market, namely a capital increase.

Conversely, Société Générale lost 3.2%, showing the biggest decline in the CAC 40.

OVHcloud rose 0.4% after publishing activity in line with expectations for the first quarter of its delayed financial year. The European cloud specialist will hold a day dedicated to investors next week.

On other markets, the euro is stable against the dollar at 1.0978 dollars. Oil is progressing significantly. The March contract on North Sea Brent rose 1.5% to $77.97 per barrel, while the February contract on WTI listed in New York rose 1.5% to $72.43 per barrel. barrel.