(News Bulletin 247) – The CAC 40 closed down 0.32% at 7,565.78 points this Wednesday during a day without much relief.

There was little to shake the market out of its torpor on Tuesday. The CAC 40 did not see much movement and ended down 0.32% at 7,565.78 points, in low volumes (less than 1 billion euros at around 5:15 p.m.).

Investors haven’t had much of a catalyst to sink their teeth into. They’ve only just noticed an increase in U.S. consumer confidence, as measured by the Conference Board’s monthly survey. The index came in at 103.3 in August, up from 101.9 in July.

Otherwise, the markets have slowed down while waiting for Nvidia’s financial results on Wednesday evening, the big event of the week. The publications of the group specializing in graphics processors have become systemic events on the market.

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Luxury in decline

“Indeed, recent releases have generated reactions that rival the movements that occur after a surprise US jobs report or the release of the consumer price index (CPI). For example, six months ago, in February, Nvidia’s results sent the S&P 500 up 2.11% the following day, making it its second-best daily performance of 2024 so far,” Deutsche Bank illustrates.

In terms of values, the variations remained relatively contained among the CAC 40 members. Carrefour recorded the strongest increase, with an increase of 2.2%. Luxury goods were down, with Hermès falling by 2.7% and LVMH dropping by 1.8%.

On other markets, the euro is stable against the dollar at 1.1167 dollars. Oil is falling, after having risen sharply the day before. The October contract on North Sea Brent is down 1.4% to 79.24 dollars a barrel while the same contract on WTI listed in New York is down 1.5% to 76.29 dollars a barrel.