(News Bulletin 247) – The Paris Stock Exchange continued its rise this Tuesday, after the publication of a mixed American indicator on the consumption front. The CAC 40 closed up 0.76%, which allowed it to return to 7,600 points.
Little by little, the Paris Stock Exchange is trying to turn the page on a nightmarish week. The CAC 40 increased by 0.76% to 7,628.80 points at the close Tuesday evening, thanks to an American statistic which maintains the hope of upcoming rate cuts in the United States.
Retail sales in the United States grew less than expected, by 0.1% in May, where economists expected a sharper increase, of 0.3% over one month.
“This is a good thing for the Fed and for those hoping for an interest rate cut later in the year. From there, investors’ attention will likely shift to the PCE report. inflation, Editor’s note) which will be published later in the month”, notes Bret Kenwell, American markets analyst for etoro.
On the bond market, American rates eased after the statistic. The yield on 10-year American debt fell to 4.231% compared to 4.277% Monday evening.
Crossroads at the lower radius
On the value side, Carrefour lost 4.3% after dropping more than 9% during the session, hitting a November 2020 low. The stock suffered following several press articles reporting that Bercy put pressure on the distributor to amend its franchise model. According to these articles, the Ministry of the Economy would demand a fine of 200 million euros against Carrefour.
Otherwise, the largest increase is from Teleperformance (+3.5%) followed by Unibail-Rodamco-Westfield (+2.6%) and Vivendi (+2.5%).
Vusiongroup climbed 1.4%, the former SES-imagotag having indicated that it had installed more than 1.5 million electronic labels on the shelves of 75 Match Supermarkets, a brand well established in the East of France .
On other markets, the euro fell very slightly against the dollar to 1.0737 dollars. Without direction at midday, oil opts for a rebound. The August North Sea Brent contract gained 0.8% to $84.94 per barrel, while the July contract for WTI listed in New York also rose 0.8% to $80.34 per barrel. barrel.
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