(News Bulletin 247) – The Paris Stock Exchange ended sharply down 0.92%, back below 8,100 points after the publication of new robust statistics in the United States. A certain caution is observed as important data on inflation will be published at the end of the week both in Europe and in the United States.

The Paris Stock Exchange ends Tuesday on a gloomy note. Down 0.6% at mid-session, the CAC 40 widened its decline to 0.92% to end its run at 8,057.80 points.

Macroeconomic data once again guided market sentiment. The Parisian market accelerated downward in reaction to a consumer confidence index in the United States which improved against all expectations in May.

Measured by the Conference Board, this index stood at 102 points in May, where the consensus expected a contraction to 96 points, after 97.5 points in April.

Among the main reasons for concern, American consumers “cited prices, particularly those of food, as having the greatest impact on their perception of the American economy”, explains Dana Peterson, chief economist of the Conference Board . . The study also shows an increase in average 12-month inflation forecasts from 5.3% in April to 5.4% in May.

Prices will also be discussed at the end of the week. The consumer price index, the main measure of inflation, will be published Friday morning in the euro zone while the PCE price indicator in the United States for April will be on the program for the same day. Investors are showing their excitement before the publication of this latest statistic since it is the preferred gauge of the American Federal Reserve (Fed) to measure the trajectory of prices.

On the bond market, tensions are back. The yield on the 10-year American debt flirts with 4.50% while that of the French debt of the same maturity tends to 3.082%.

The auto sector in sight

On the value side, the auto sector was in good shape in Paris, with Renault jumping 2.6%. Still on the CAC 40, Michelin ended the day up (+1.40%), supported by the announcement of objectives for 2026 during its investor day.

Hermès, on the other hand, hardly benefited from an increase in recommendation to “outperformance” from Bernstein, losing 0.9%.

The headline of the day was signed by the used vehicle sales specialist Aramis, which gained 9.8% after publishing its half-year results and raising its outlook for its current financial year.

Up 3% at midday, Planisware finally finished stable despite the double initiation of purchase coverage from Bernstein and Citigroup.

On other markets, the euro gained 0.2% against the dollar to 1.0876 dollars. Oil is rising with renewed geopolitical tensions in the Middle East. The July contract on Brent from the North Sea jumped 1.1% to 83.81 dollars per barrel while that of the same maturity on WTI listed in New York rose 2.6% to 79.73 dollars per barrel. barrel.