(News Bulletin 247) – The CAC 40 limited the damage at the end of the session, and closed close to its balance point from the day before. Investors opted for caution in a context of rising US bond rates.

Volatile session on the Paris Stock Exchange, which almost closed in the green. But ultimately, the CAC 40 displays a red tint at the close and shows a symbolic decline of 0.01% to 7,535.10 points this Tuesday evening.

The bill could have been higher. The Paris index made a foray below 7,500 points at lunchtime, losing up to 0.85% to 7,472.16 points at the day’s lowest.

Investors have been concerned about the rise in American bond rates for several days. The rate on the 10-year US Treasury bill is moving to 4.218%, the highest since the end of July, compared to 4.206% Monday evening and 4.086% Friday evening.

“Several factors are behind this movement, but none particularly dominated yesterday (Monday). In the background, there is growing concern about debts and deficits, particularly in the approach of the American elections”, underlines Deutsche Bank.

“In addition, our American economists have pointed out that, regardless of who wins the presidency or Congress, deficits could be between 7% and 9% in 2026-28,” adds the German bank.

Eurofins Scientific in small form

Investors can also exercise caution as the bulk of the publications remain to come for the week. L’Oréal (+1%) will, for example, publish its third quarter activity this Tuesday after the close.

On the value side, Eurofins Scientific suffered the biggest drop in the Parisian index (-11.5%). The action of the medical and food analysis laboratory clearly disappointed the market after publishing lackluster growth for its third quarter.

Note the record for Essilorluxottica (+2%) closing at 221.90 euros, after having recorded an absolute high at 222.60 euros during the session.

Capgemini grew by 1.1% in reaction to the excellent publication of SAP which raised several of its objectives, after having seen its revenues increase by 10% excluding currency effects in the third quarter. The German group’s shares gained 2.1% in Frankfurt.

Excluding the CAC 40 index, Interparfums delivered a solid publication over the same period, but ended the day down almost 1%, after gaining up to 8% in the very first exchanges.

On other markets, the euro is down slightly by 0.1% against the dollar at 1.0808 dollars. Oil is growing. The December contract on North Sea Brent gained 2.3% to $75.99 per barrel while that of November on WTI listed in New York gained 2.50% to $71.79 per barrel.