(News Bulletin 247) – The Paris Stock Exchange is down for the third consecutive session, with the climate not encouraging any initiative. The CAC 40 is down 0.12% and is moving a little further away from the 7,600 points mark this Wednesday evening.

It took a close call for the Paris Stock Exchange to post its first session of growth of the week. In the end, it was the decline that prevailed, with the CAC 40 falling 0.12% to 7,570.81 points on Wednesday evening.

The mood remains heavy, as the tech sector is the focus of market concerns. Bloomberg reported on Wednesday that the Biden administration is considering imposing restrictive measures on companies – the agency specifically cites ASML from the Netherlands and Tokyo Electron from Japan – if they continue to provide China with access to advanced semiconductor technologies.

Investors are also awaiting the meeting of the European Central Bank (ECB) on Thursday. In this context, they took note of the second estimate of inflation in the eurozone for the month of June. The increase was 2.5% over one year, in line with the first publication, and a slowdown compared to May (2.6% over one year).

Pernod Ricard in good shape, Essilorluxottica sees trouble

In terms of values, Pernod Ricard finished at the top of the CAC 40, gaining 3.4% after announcing the sale of its portfolio of foreign wines to the consortium of investors Australian Wine Holdco Limited.

The bottom of the Parisian flagship index, Teleperformance, dropped 7.5%, with the market worried about the repercussions on its business of Salesforce’s announcement concerning the arrival of the first autonomous AI assistant for customer relations.

Essilorluxottica fell 4.45% as the market was skeptical after the optical group announced it was buying streetwear brand Supreme for $1.5 billion.

Publicis, which will publish its half-year results on Thursday, fell by 1.5% while its competitor Omnicom lost 3.6% on Wall Street, after delivering its second-quarter results.

After losing up to 7.6%, Fnac Darty finally closed up 1.5% after announcing the acquisition of the Italian Unieuro.

In other markets, the euro gained 0.3% against the dollar to $1.0933. Oil rebounded after a sharp decline in weekly US oil inventories. The September contract on North Sea Brent recovered 1.3% to $84.81 a barrel, while the August contract on WTI listed in New York gained 1.8% to $81.11 a barrel.