(News Bulletin 247) – The Paris index is moving very modestly higher at mid-session on Tuesday as the tech group surges. The markets are tightening the handbrake a little while waiting for American inflation.

The Paris Stock Exchange continued its rise on Tuesday. The CAC 40 rose by 0.36% to 7,452.16 points at mid-session.

Investors are factoring in a few indicators into the daily menu. In Germany, inflation in August stood at 2% over a year, according to a second estimate from the Federal Statistical Office.

“This is good news for the eurozone’s largest economy, as it confirms that the European Central Bank is facing less resistance to cutting interest rates further if it wishes,” said Naeem Aslam of Zaye Capital.

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Capgemini in the spotlight

The market is especially awaiting the publication on Wednesday of the US inflation figures for August and more precisely the consumer price index, the best-known measure of price increases.

In terms of values, Capgemini rose by 6.7%, marking the strongest increase in the CAC 40.

The digital services company is being boosted by both a buy rating upgrade from Bank of America and the strong results from US group Oracle published on Monday evening.

Another tech stock, Dassault Systèmes, gained 2.2%, the second largest increase in the index.

Interparfums is suffering, falling by 6.2% after publishing half-year results marked by a 9% drop in its current operating profit.

In other markets, the euro was stable against the dollar at $1.1036. Oil was down. The November contract for North Sea Brent was down 1.1% at $71.04 a barrel, while the October contract for WTI listed in New York was down 1.3% at $67.82 a barrel.