(News Bulletin 247) – The Paris Stock Exchange ended down after American inflation figures which were less good than expected. The CAC 40 closed down 0.24% at 7,541.59 points.

The Paris Stock Exchange is marking time this Thursday evening after American statistics that are worse than expected. The CAC 40 ended down 0.24% at 7,541.59 points the day after an increase of 0.5%.

Investors had the opportunity to analyze the inflation figures in the United States for the month of September, a statistic obviously closely followed as the American Federal Reserve (Fed) began its rate easing cycle last month. directors.

Inflation certainly slowed in September, to 2.4% compared to 2.5% in August at an annual rate, but not as much as expected by the consensus which was hoping for a 2.3% increase in prices. of consumption over one year.

On a monthly basis, the disappointment is also palpable, with an increase of 0.2% where the market was hoping for a price increase of only 0.1% between August and September.

“Paradoxically, this inflation figure, above expectations, contains reassuring elements for the future. In particular, the slowdown in the ‘housing’ component, which is used in the calculation of PCE inflation, reassures on the trajectory of the months to come. This report on inflation is not in itself a cause for concern for the Fed,” says Bastien Drut, head of strategy and economic studies at CPRAM.

On the employment side, weekly unemployment registrations were not to the taste of the markets, since they increased more than expected, 258,000 against a consensus of 231,000 and after 225,000 the previous week.

The statistics published today cast doubt on the intentions of the American Federal Reserve regarding the extent of its future rate cuts.

“Expectations for the Federal Reserve’s next monetary policy decision in November have shifted significantly. Following the latest data, the probability of a 25 basis point (0.25 percentage point) cut increased to 88 %, compared to 80% previously”, adds Quasar Elizundia from Pepperstone.

A disappointment coming from Airbus?

On the values ​​side, it’s still dead calm, before the publication season kicks off in Paris next week. Engie recorded the largest increase (+1.1%) in the CAC 40 when Teleperformance brought up the rear (-2.8%).

Airbus gained 0.4% after announcing the delivery of 50 planes in September. Analysts and the market, however, fear that the aircraft manufacturer will be forced to once again lower its delivery target for the 2024 financial year.

As for small and mid-caps, Stif jumped 5.8% after announcing strong growth in half-year results.

On other markets, the euro fell 0.13% against the dollar to 1.0927 dollars. Oil is accelerating upward as markets fear an Israeli attack on Iranian oil infrastructure. The December contract on Brent from the North Sea rose 2.4% to 77.69 dollars while that of November on WTI listed in New York advanced 2.3% to 74.92 dollars per barrel.