(News Bulletin 247) – The Parisian index is regaining some color this Thursday at midday with its sights set on the threshold of 7,200 points. In a private compass market Wall Street, closed for Thanksgiving Day, investors are not avoiding political risk in France.
Shaken in recent sessions by Donald Trump’s customs offensive and then political uncertainty in France, the Paris Stock Exchange is trying to regain its senses this Thursday.
The CAC 40, however, must cope without Wall Street, closed for the Thanksgiving holiday. In the absence of American speakers, it is therefore in low volumes (with only 570 million euros exchanged) that the Parisian index progresses by 0.37% to 7,169.14 points, this Thursday at mid-session . On Wednesday, it fell 0.72%, closing at its lowest level since the beginning of August.
The Parisian market is therefore offering a slight respite while investors are still assessing the political situation in France. The budgetary situation and the threat of censorship from the Barnier government concentrate operators’ fears.
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.
“France is not Greece,” he declared, while the French 10-year borrowing rate briefly exceeded its Greek equivalent this Wednesday, reflecting a concern rarely seen on the markets for the French situation.
Rémy Cointreau is preparing for a “resumption”
As for stocks to follow, Rémy Cointreau rose 4.8% after indicating that it was preparing for “recovery” alongside half-year results marked by difficult activity in its two key markets, namely China and the United States. .
LDC nibbles 0.5% after the publication of half-yearly accounts “without surprise”, summarizes TP ICAP Midcap.
On the foreign exchange market, the euro lost 0.1% against the greenback at 1.0556 dollars. On the oil side, the January contract on Brent from the North Sea gained 0.8% to 72.86 dollars per barrel while that of the same maturity on WTI listed in New York gained 0.7% to 69.18 dollars per barrel.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.