(News Bulletin 247) – The CAC 40 pushes its session highs further this Wednesday while the market awaits Nvidia’s publication this evening. Carrefour is growing strongly thanks to its cash generation.

The CAC 40 continues on its good trajectory this Wednesday. The flagship index of the Parisian market rose 0.1% to 7,803.51 points at mid-session. In passing, the CAC 40 pushed its session record a little further to 7,821.93 points, reached around 11:26 a.m.

“Even if the appetite for risk has clearly dominated the markets since almost the beginning of the year, it would not be abnormal to see a little exaggerated optimism evaporate and lead to a certain consolidation. one of the factors supporting the markets has melted away, that is to say the hope of very strong reductions in key rates in 2024″, underlines Sebastian Paris Horvitz, of LBPAM.

>> Access our exclusive graphic analyses, and gain insight into the Trading Portfolio

Nvidia waited anxiously

The macroeconomics remains quite weak in terms of news. But the market is especially waiting for Nvidia’s quarterly results, which will be published after the market close this Wednesday evening. Big winner from the rise of artificial intelligence which translates into enormous demand for its graphics processors, Nvidia is experiencing an impressive rally (40% since January 1 and especially 230% over one year) which fascinates as much as it worries . The action also lost more than 4% on Wednesday, a sign that the market may fear that a disappointment or a mixed copy will result in a plunge in the stock. Which could then lead the major American indices….

For the moment, the market continues to dissect the publications of French groups, generally of good quality.

Carrefour gains 4.8% after delivering its annual accounts. If the results are mixed, cash generation exceeds all expectations and the group has significantly increased its dividend.

Sanofi fell by 0.8% while the “consumer health” division, i.e. non-prescription drugs, was the subject of expressions of interest from investment funds, according to Bloomberg . Sanofi had announced that it wanted to introduce this division at the end of the year at the earliest.

On other markets, the euro fell 0.1% against the dollar to 1.0797 dollars. Oil is losing ground. The April contract on Brent from the North Sea lost 0.6% to 81.83 dollars per barrel while that on WTI listed in New York lost 0.7% to 76.48 dollars per barrel.