(News Bulletin 247) – The Paris Stock Exchange observes its first bout of weakness of the week, penalized by a mixed reception of the publications of its residents. The CAC 40 closed down 0.17%, below 8,100 points.

The three pass will not be for today. The Paris Stock Exchange ran out of fuel in the afternoon, although it was well prepared to extend its rebound of the last two sessions.

The 8,100 points will not have lasted very long, with the CAC 40 losing 0.3% to 8,082.27 points, bending under a new battery of company results whose reception is rather mixed.

Kering at its lowest since fall 2017

In Paris, the mood was more one of punishment than wonder. Kering fell 6.9% back to fall 2017 lows after warning that its current operating profit would fall by 40% to 45% in the first half.

But the biggest drop in the CAC 40 went to Eurofins (-7.7%) following the publication of revenues lower than expectations in the first quarter.

Still on the CAC 40, Orange and Air Liquide lost 3.6% and 2.3% respectively after revealing their publications for the first three months of the year.

In terms of good news, we find STMicroelectronics with the biggest increase in the CAC 40, (+5.4%), benefiting from a favorable cross-reading of the results of the American group Texas Instrument. This semiconductor company gains 6.4% on Wall Street. Considered as a thermometer of the semiconductor industry, it also allows X-Fab to gain 7% at the close this Wednesday evening.

Excluding the flagship index, Bic escaped the decline (+1.9%) despite activity very slightly below expectations in the first quarter, with stable sales compared to an increase of 0.4% expected on a comparable basis, according to UBS .

On the small and mid-cap side, Voyageurs du Monde gained 8.5%, after announcing that it wanted to buy back nearly 20% of its shares, alongside very strong 2023 results.

On other markets, the euro lost 0.2% against the dollar at 1.0683 dollars. Oil is down despite an unexpected drop in U.S. crude stocks. The June contract on North Sea Brent fell 0.5% to $87.95 per barrel, while that of the same maturity on WTI listed in New York fell 0.7% to $82.75 per barrel. .