(News Bulletin 247) – The Parisian index fell mid-session this Tuesday. Investors are awaiting both the publication of inflation in the United States on Wednesday and the meeting of the European Central Bank the next day.

The Paris Stock Exchange is stalling. After having signed eight consecutive sessions of increase, thanks to anticipations of recovery measures in China and the easing of tensions on French bonds, the CAC 40 is taking a break. The Parisian index dropped 0.55% to 7,438.87 points at mid-session on Tuesday.

Investors continue to monitor China where markets are hoping for further announcements of stimulus measures this week. On Monday, China’s Politburo said a “moderately accommodative” monetary policy should be conducted in 2025, as well as a “more proactive” fiscal policy. These statements propelled Chinese markets and the luxury sector.

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Euroapi dives

Operators are also awaiting two important meetings: the publication of inflation figures in the United States on Wednesday and the meeting of the European Central Bank (ECB) the next day.

“In our opinion, the ECB should signal at its next meeting this Thursday an imminent return of inflation to its target and adopt an accommodating tone by lowering key rates by 25 basis points (a quarter of a percentage point, editor’s note). ) to set them at 3.0%. The update of macroeconomic projections will play a key role. In particular, the growth forecast for 2025, currently at 1.3%, should be revised downwards. Martin Wolfburg of Generali Asset Management.

On the value side, luxury is suffering profit taking after having progressed well in recent sessions. Kering lost 1.7% and LVMH 1.6%.

Excluding the CAC 40, Klépierre fell 2.2% while JPMorgan lowered its advice to “underweight” from “neutral”.

Euroapi plunges 17.6% as the company announced the resignation of both its CEO and the chairwoman of its board of directors.

On other markets, the euro fell 0.2% against the dollar to 1.0532 dollars. Oil is losing ground. The February contract on North Sea Brent fell 0.7% to $71.65 per barrel while the January contract on WTI listed in New York lost 0.8% to $67.83 per barrel.