(News Bulletin 247) – The Parisian index fell mid-session this Tuesday, weighed down by the decline in technology stocks.

A little apprehension before the release of American inflation this Tuesday afternoon. The Paris Stock Exchange is moving downward at mid-session, losing 0.45% to 7,655.57 points.

Investors are tensing up a little while in the United States the consumer price index, a benchmark measure of inflation, will be published at 2:30 p.m. According to a consensus compiled by the Wal Street Journal, economists expect a year-on-year price increase of 2.9% and an increase of 3.7% excluding food and energy prices.

“We believe the recovery has been well supported by healthy economic fundamentals and earnings growth. But we will wait for further signs of slowing US inflation and resilient economic growth before concluding that markets should “Goldilocks scenario rather than a soft landing,” says Mark Haefele, chief investment officer of UBS Wealth Management.

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Michelin featured

The news remains dominated by company results. The only CAC 40 company to have so far published this week, Michelin jumped 7.6%, signing by far the strongest progression in the CAC 40. The bibendum largely exceeded expectations on its cash generation, benefiting from its rise in range and its ability to drive prices upwards. The group also announced a share buyback program of up to 1 billion euros over three years.

The CAC 40 is penalized by the decline in tech stocks, STMicro losing 2.6% and Dassault Systèmes dropping 2.3%. A decline perhaps due to the small form of the Nasdaq Composite which lost 0.3% yesterday.

The pleasure boat specialist Beneteau rose 6.1% after raising its financial targets for 2023. The group published a record turnover for last year.

Air France-KLM fell by 3.6%, suffering a downgrade in Redburn’s opinion from “neutral” to “sell”.

On other markets, the euro fell 0.1% against the dollar to 1.0781 dollars. Oil is moving forward a little. The April contract on Brent from the North Sea lost 0.8% to 82.62 dollars per barrel, while that of the same maturity on WTI listed in New York rose 0.7% to 77.33 dollars. the barrel.