(News Bulletin 247) – The Paris Stock Exchange retreats this Tuesday evening, opting for caution before the ECB and the start of the results season. The CAC 40 closed down 0.34%, back below 7,400 points.

The Paris Stock Exchange takes a breath this Tuesday and loses part of the advance gained on Monday (+0.56%). The CAC 40 thus fell this Tuesday evening at the close, losing 0.34% to 7,388.04 points.

However, good news from Asia could have fueled the appetite for risk. For once, the Chinese markets recorded clear progress. The CSI 300, which brings together large capitalizations from Shenzhen and Shanghai, gained 0.4% and especially Hong Kong gained 2.6%, after the announcement of market support measures.

But operators preferred to look at future deadlines. They therefore opted for caution, before the start of the corporate results season and the next meeting of the European Central Bank on Thursday.

“European investors could be tempted to take some profits before Thursday’s ECB meeting where Christine Lagarde’s ‘hawkish’ tone could disappoint more than one…” warns John Plassard.

On Wall Street, the first round of results turned out to be mixed. If Procter & Gamble seduced the markets with profits above expectations in 2023, on the other hand 3M suffered its biggest decline in two years in New York, in the wake of very degraded 2024 prospects.

Oddo BHF does not skip TF1

On the value side, TF1 gained 7.7% while Oddo BHF raised its advice from “neutral” to “outperformance”, encouraged by the new “TF1+” streaming offer.

On other markets, the euro fell 0.44% against the dollar, to 1.0836 dollars. Oil moves in scattered order. The contract on Brent from the North Sea for delivery in March lost 0.1% to 79.96 dollars per barrel, while that of the same maturity on WTI listed in New York nibbled 0.1% to 74.81 dollars per barrel. barrel.