(News Bulletin 247) – The Paris Stock Exchange is offering itself a little respite, despite the absence of the Wall Street compass, which was closed for Thanksgiving Day. The CAC 40 ended up 0.51% on Thursday evening, in a market attentive to the latest political developments in France.

Deprived of Wall Street being closed for the Thanksgiving holiday, the Parisian market still managed to regain color.

The CAC 40 thus ended up 0.51% at 7,179.25 points this Thursday evening at the close, after briefly crossing 7,200 points during the session. For now, the flagship index is still down more than 1%, still bearing the scars of Donald Trump’s customs offensive and investors’ fears about the political and budgetary situation in France.

This Thursday, the Minister of Economy and Finance Antoine Armand said he was ready to make “concessions”, explaining that he wanted to avoid a “storm” in France, on the air of BFMTV-RMC.

Threatened by a motion of censure, Michel Barnier therefore begins to let go. The Prime Minister announced in an interview at Figaro renounce the increase in taxes on electricity, one of Marine Le Pen’s main demands.

Which led to a relaxation in the bond compartment, the yield on the 10-year French debt fell to 2.94% whereas it was at more than 3% on Wednesday evening.

“The markets welcome Michel Barnier’s concession announcements in order to avoid a motion of censure,” explains Charlotte de Montpellier, ING economist to AFP.

Elsewhere, in Europe, operators took note of the inflation figures in Germany, calculated according to European standards for the month of November. The increase in consumer prices remained stable at 2.4% over one year, whereas economists surveyed by Reuters were counting on an increase of 2.6% on an annual basis.

The governor of the Bank of France, François Villeroy de Galhau, declared this Thursday that “all the reasons are there” for a “reduction in interest rates” on December 12. “Optionality should remain open regarding the extent of the reduction, based on available data, economic projections and our assessment of risk,” he continued.

The inflation figures for the entire euro zone will be known this Friday, and will therefore be closely scrutinized.

LDC and Rémy Cointreau report

On the value side, Airbus, the biggest riser in the CAC 40, ended up 4.1%.

Rémy Cointreau gained almost 3% after indicating that it was preparing for “recovery” on the sidelines of half-year results marked by difficult activity in its two key markets, namely China and the United States.

LDC appreciated by 1.3% after confirming its 2024-2025 annual objectives.

On the foreign exchange market, the euro lost 0.1% against the greenback at 1.0553 dollars. On the oil side, the January contract on Brent from the North Sea gains 0.1% to 72.39 dollars per barrel while that of the same maturity on WTI listed in New York is stable at 68.72 dollars per barrel. .