(News Bulletin 247) – The Parisian index put an end to eight consecutive sessions of increase this Tuesday evening. 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.

After eight sessions of increase, the Paris Stock Exchange ended its small rally. Out of breath, the CAC 40 ended down 1.14% this Tuesday, back below 7,400 points, at 7,394.78 points this Tuesday.

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

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.

Difficult session for Euroapi

On the value side, luxury suffered from profit taking after making good progress in recent sessions. LVMH returned 2.5% and Kering 2.2%.

Excluding the CAC 40, Klépierre limited its decline to 0.7% while JPMorgan lowered its advice to “underweight” from “neutral”.

Dark session for Euroapi which plunged by 26.7% while the company announced the resignation of both its general director and the president of its board of directors.

On other markets, the euro fell 0.4% against the dollar to 1.0510 dollars. Oil is rising a bit. The February North Sea Brent contract rose 0.7% to $72.65 per barrel while the January WTI contract rose 0.9% to $68.99 per barrel.