(News Bulletin 247) – The CAC 40 set new records both at the close and during the session after inflation figures in the United States which satisfied investors. 8,100 points are now within reach.
The Paris Stock Exchange continued to push its limits this Tuesday, until offering a satisfactory finale to investors with reassuring American inflation figures. The CAC 40 therefore closed significantly up 0.84% at 8,087.48 points, a new closing record. It had already broken its all-time high in the session, at 8,094.07 points a few minutes before the curtain came down.
The market was impatiently awaiting the publication at 1:30 p.m. (the Americans have already switched to summer time) of data on inflation in the United States for the month of February. Headline inflation and core inflation (CPI) both came out slightly above expectations in February, at +3.2% year-on-year and +3.8% respectively in February. An increase of 3.7% over one year excluding energy and food prices was in fact expected by economists surveyed by the Wall Street Journal.
A “housing” component that reassures
But a very particular element of the publication found a favorable response with investors. “The most important element of this report focused on the ‘housing’ component, which has received a lot of attention over the past month. On this level, the CPI is reassuring and housing should clearly contribute to disinflation over the coming months “, indicates Bastien Drut, head of Strategy and Economic Studies at CPRAM.
The markets therefore appreciated this crucial data as the American Federal Reserve will hold its monetary policy meeting next week. If a rate cut for this meeting is ruled out by investors, markets expect the US central bank to make a first cut next June.
Affluent Medical in sight
On the value side, Maisons du Monde gained 1.2% after publishing annual results weighed down by the decline in household purchasing power. The company also delivered its strategic plan for 2026, forecasting 85 million euros in savings over three years.
On the small and mid-cap side, Affluent Medical jumped more than 13% after announcing the success of the first implantation in humans of its Artus artificial sphincter for the treatment of stress urinary incontinence.
On other markets, the euro fell slightly by 0.1%, to 1.0916 dollars. Oil is moving slightly. The May contract on North Sea Brent advanced 0.3% to $82.44 per barrel, while the April contract on WTI listed in New York gained 0.2% to $78.12 per barrel. .
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