(News Bulletin 247) – The Parisian index fell slightly mid-session this Wednesday, while the consumer price index will be published in the United States at 2:30 p.m. Air Liquide signs the largest increase in the CAC 40, supported by an increase in advice from Jefferies.
The CAC 40 remains on the ropes this Wednesday. After losing 2.69% on Tuesday, the worst session of the index since July 2023, the Paris market barometer fell by 0.1% at midday this Wednesday, to 7,219.90 points.
Asian and European markets suffered on Tuesday, fearing an escalation of trade tensions with the implementation of customs tariffs wanted by Donald Trump. Several names of personalities hostile to China have been circulating for key positions within his administration in recent days. Which reinforced market fears.
Furthermore, Donald Trump announced Wednesday on Or to put it in the terms of the American president-elect “dismantle the bureaucracy, remove excessive regulation, reduce spending that leads to waste”.
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On Wall Street, Tesla shares, of which Elon Musk is the CEO, gained 2.7% in pre-opening after losing 6.15% the day before.
The market is especially awaiting the publication of the consumer price index in the United States, the best-known measure of inflation, which is scheduled for 2:30 p.m. Economists polled by the Wall Street Journal expect an increase of 3.3% in the index excluding energy and food prices.
On the value side, Air Liquide recorded the largest increase in the CAC 40, gaining 1.6% thanks to Jefferies which purchased the stock against “underperformance” previously. Tech is in a bad direction as a whole: Capgemini loses 3%, STMicroelectronics 2.7% and Dassault Systèmes 2.3%.
Excluding the CAC 40, Nexans gained 4.8% after delivering a convincing roadmap to the market for 2028.
Interparfums gains 0.6% after revealing its objectives for 2025, counting on slight growth in its turnover.
On other markets, the euro is almost stable against the dollar at 1.0616 dollars. Oil is moving forward a little. The January contract on North Sea Brent gained 0.7% to $72.37 per barrel while the December contract on WTI listed in New York gained 0.7% to $68.62 per barrel.
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