(News Bulletin 247) – The Parisian index lost ground mid-session on Wednesday, digesting a very mixed burst of company results.

The Paris Stock Exchange is still struggling to move forward. The CAC 40 fell slightly mid-session this Wednesday, losing 0.5% to 7,494.93 points.

Investors continue to monitor US bond yields, which have risen in recent sessions, as the market worries about rising inflation and widening deficits after the US presidential election. Particularly if Donald Trump wins.

“Sovereign bonds continued to suffer at the start of the week,” notes Sebastian Paris Horvitz of LBPAM. “This increase reflects, in part, an adjustment in expectations of a reduction in key rates” as well as “a little more uncertainty regarding the trajectory of monetary policy and the evolution of the economy in the future,” adds -he.

“Another factor seems to us to have contributed to this movement, it is the advantage that Donald Trump seems to once again take over Kamala Harris in the race for the presidency according to certain polls and online bets,” continues the economist. The measures planned by the former president appear more inflationary in the eyes of the market than those envisaged by the Democratic candidate.

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L’Oréal is the red lantern of the CAC 40

Market operators are busy analyzing the day’s publications. As for the CAC 40, all groups having communicated results are punished, even slightly.

L’Oréal lost 3.7% after delivering disappointing growth in the third quarter, penalized by China and dermatological beauty.

Vivendi, Air Liquide and Thales, which each published activity in line or even slightly above expectations in the third quarter, lost 1.7%, 1.3% and 1.5% respectively.

Conversely, Id Logistics climbed almost 10% after announcing a sharp increase in activity, which underlines the successful internalization of the contractual logistics group.

On other markets, the euro fell 0.2% to 1.0781 dollars. Oil is falling. The December contract on North Sea Brent lost 1.7% while that of November on WTI listed in New York lost 1.8%.