(News Bulletin 247) – The Paris Stock Exchange ended sharply higher, regaining momentum after difficult sessions. Investors have taken note of a series of statistics in the United States and several publications from high-quality companies.

Finally a session in the green for the Paris Stock Exchange. Hard hit in recent sessions, the CAC 40 rebounded this Thursday, and closed up 1.32%, returning to 7,300 points at 7,311.80 points.

Investors took note of the producer price index (PPI) in the afternoon, the day after the announcement of another inflation indicator, namely the consumer price index.

This PPI index showed an acceleration in producer prices in October, with an increase of 2.4% over one year, compared to 1.9% in September, still at an annual rate.

Traditional weekly unemployment registrations, for their part, fell to 217,000 applications, compared to 221,000 the previous week.

A little earlier today, the market took note of the second estimate of gross domestic product in the euro zone, with an increase confirmed at 0.4%. This improvement in the economic situation is “unlikely to be lasting”, however, predicts Capital Economics.

Honor roll for Alstom and Scor

On the values ​​side, Kering finished at the top of the CAC 40 (3.97%). The title of the luxury group was able to benefit from announcements from Burberry which for its part soared by almost 19% after unveiling this Thursday a new strategy to reignite the desirability of its brand.

Kering is followed by Arcelormittal (+3.9%), which was supported by an increase in purchasing advice by Bank of America.

Excluding the flagship index, Alstom rebounded by 12.2% after reassuring itself about its cash generation in the first half of its 2024-2025 financial year.

The reinsurer Scor advanced 9.7%. During its quarterly results, the group reported a solvency ratio that was now high enough to secure the dividend. The company has also completed the review of its assumptions for its life and health reinsurance branch, with an impact less strong than feared by the market.

Eiffage grew by 2.1%, the construction and concessions group delivered revenues above expectations in the third quarter, driven by the good dynamics of its energy division.

Conversely, Casino plunged by 17.80%, after the publication of its roadmap for 2028. According to the independent research firm AlphaValue, the financial objectives put forward by the group are described as “ambitious”, but their execution will be “an arduous task”.

“Revenue misdirection and market share erosion remain key pain points. Even if cost savings are invested in product pricing and perception, it will be difficult to drive customer traffic in the highly competitive and saturated landscape of French mass distribution”, continues the independent research firm.

On other markets, the euro is trying to stabilize against the dollar at 1.0561 dollars. Oil is climbing a bit. The January North Sea Brent contract advanced 0.3% to $72.52 per barrel while the December WTI contract also gained 0.3% to $68.64 per barrel.