(News Bulletin 247) – The CAC 40 is moving slightly lower at mid-session this Wednesday, before the publication this afternoon of the consumer price index in the United States.
The Paris Stock Exchange avoids taking risks. The CAC 40 lost 0.13% at mid-session this Wednesday, to 8,214.87 points.
Like all other markets, the Paris market is awaiting the publication this afternoon of the consumer price index in the United States, the main measure of inflation. This data will obviously be key for the market as investors are once again counting on rate cuts from the American Federal Reserve (Fed) representing 0.5 percentage points.
Economists surveyed by the Wall Street Journal anticipate inflation excluding energy and food prices of 3.6% over one year and 0.3% monthly.
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Crossroads in the tough, Trigano too
“Today’s inflation report is considered crucial by most investors, as many wonder whether today’s data will confirm the hopes raised by the latest NFP report (on employment, editor’s note). )) American and will push the Fed to end its restrictive position sooner than expected,” underlines Pierre Veyret, technical analyst at ActivTrades.
On the value side, Carrefour showed the biggest drop in the CAC 40, losing 4%, while the JPMorgan bank went from “neutral” to “underweight” on the stock, equivalent to “sell” in its nomenclature.
Trigano fell 8% as the company burned through more than 100 million euros of cash in the first half due to an increase in inventories.
Conversely, Euronext’s first quarter results (+3.2%) are well received by the market, the stock exchange operator having notably published an adjusted gross operating profit 7% higher than consensus, according to Jefferies.
The Emeis (formerly Orpea) share fell by 3.2% while the occupancy rate of its nursing homes in France continued to fall in the first quarter, to 83.1%, notes Oddo BHF.
On other markets, the euro gained 0.08% against the dollar to 1.0829 dollars. Oil is growing. The July North Sea Brent contract gained 0.2% to $82.55 per barrel, while the June WTI contract in New York also gained 0.2% to $78.18 per barrel.
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