(News Bulletin 247) – The CAC 40 ended down this Thursday, while the American indices are riding new records.

The CAC 40 lacked energy this Thursday. The Parisian index ended down 0.63% at 8,188.49 points. The CAC lacked momentum, having exceeded its closing record the day before and came close to that during the session.

This is not the case for the American indices which are setting records on Wall Street. For the first time in its history, the Dow Jones Industrial Average exceeded the symbolic mark of 40,000 points this Thursday, rising to 40,051.05 points. Shortly before the European close, the Dow Jones rose 0.16% to 39,973.18 points.

The S&P 500 and the Nasdaq Composite rose by 0.17% and 0.16% respectively and also pushed back their session highs.

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Elior jumps, Ubisoft looks grim

The American indices are notably buoyed by the results and solid prospects of the American distribution juggernaut Walmart, which rose 5.8% after its publication.

Investors also took note of the publication of industrial production for April in the United States, which fell by 0.3% over one month. Which “continues the series of weaker activity data and will further reinforce expectations of a reduction in interest rates from the Fed (American Federal Reserve, Editor’s note) in September,” says Capital Economics.

The appetite for risk had already been fueled the day before by American inflation which had fallen in line with economists’ expectations.

On the value side, Ubisoft fell 13.5% after publishing disappointing prospects for its 2024-2025 financial year in terms of non-IFRS operating income.

Elior, conversely, jumped 22.8%, following half-year results considered “encouraging” by Oddo BHF. The group also raised its margin outlook for the current financial year.

Vallourec turned around during the session and gained 0.8% after losing as much as 6.5% as the company unveiled a lower-than-expected gross operating profit target for the second quarter, notes Oddo BHF.

On other markets, the euro fell 0.13% against the dollar to 1.0871 dollars. Oil is gaining ground. The July contract on North Sea Brent rose 0.4% to $83.07 per barrel, while the June contract on WTI listed in New York advanced 0.6% to $79.08 per barrel.