(News Bulletin 247) – The CAC 40 ends its run in perfect balance, while American investors are absent to celebrate Presidents’ Day.

A session for nothing on the Paris Stock Exchange which had to cope without the American markets, closed for a public holiday. The CAC 40 closed in perfect balance at 7,768.55 points, returning to its record closing levels recorded last Friday.

Operators had to find alternative sources of inspiration in the absence of Wall Street, which therefore closed its doors to celebrate Presidents’ Day, a federal holiday declared in honor of former presidents of the United States. companies therefore served as a substitute to fuel stock market debates.

Thales down sharply

On the value side, it was Thales which suffered the biggest drop in the CAC 40 (-4.7%), the group suffering from a deterioration on the part of UBS which went to “sell” on the file against “neutral” previously. The Swiss bank is indeed worried about the defense group’s prospects in space and digital security.

Excluding the flagship index, Forvia accentuated its decline to 12.7% after delivering its results for 2023 and announcing up to 10,000 job cuts over five years in Europe to restore its profitability. The outlook communicated for 2024 may have disappointed the market, particularly the debt reduction target.

Ubisoft lost 1.9% as the video game publisher announced on Friday the release of its game “Skull and Bones”, which was received without enthusiasm by the specialist press.

The week will be especially animated by Nvidia’s publication on Wednesday evening, the graphics processor manufacturer having been the big winner in artificial intelligence on the stock market for over a year now. Since the start of the year, its shares have increased by more than 46%. On the CAC 40 side, Air Liquide, Carrefour and even Engie will publish their annual results this week.

On other markets, the euro is down slightly by 0.14% against the dollar at 1.0769 dollars. Oil is falling a little. The April contract on North Sea Brent fell 0.1% to 83.37 dollars per barrel while that of the same maturity on WTI listed in New York lost 0.2% to 78.33 dollars per barrel.