(BFM Stock Exchange) – The Parisian index continues a third session in the red, penalized by the withdrawal of the luxury compartment following the results deemed disappointing of LVMH. The values ​​exposed to artificial intelligence have resumed colors, after suffering earlier this week.

The Paris Stock Exchange still cannot extricate itself from its lower trend. The CAC 40 fence once again in withdrawal, with a drop of 0.32% to 7,872.48 points this Wednesday, January 29.

The trend in Paris this time was increased by luxury, a compartment which accused the blow after the annual results deemed disappointing of LVMH. The number one of luxury abandoned 5%, causing in its wake Kering (-5.6%) and Christian Dior (-5.4%). Hermès, the good luxury student, has escaped the correction (+0.7%).

The awakening of technological values, which had been mistreated these last sessions by the concerns linked to Deepseek, made it possible to limit the breakage.

At the end this Wednesday evening, Schneider Electric took the head of the CAC 40 (+4.7%) followed by Legrand (+3.6%) and Stmicroelectronics (+0.8%) while, excluding CAC 40, Soitec progressed 2.6%.

This recovery movement can, in addition to redemptions for cheaply, explain the publication of the Dutch ASML. This actor of the semiconductors has published order of orders clearly above expectations, thanks to the demand linked to artificial intelligence (AI). Its general manager, Christophe Fouquet, also explained that the prowess of Deepseek should lead to a request and not a reduction in the request for fleas.

First test for American tech giants

Besides, the results of three large tech groups (Tesla, Meta, Microsoft), expected after the closure in Paris will be scrutinized closely, two days after the shock wave caused by Deepseek, a model of Chinese AI which The prowess worried players in the sector.

Operators will also gain knowledge of the outcome of the meeting of the American Federal Reserve (Fed). According to the Fedwatch tool of CME Group, investors attribute to 99.5% the probability of a status quo of the American central bank on its rates. But the comments of its president, Jerome Powell, will be fiercely scrutinized to try to anticipate the rest. Especially since this Fed meeting is the first since the return to the White House of Donald Trump.

“Inflation in the United States was 2.9% in December, online with expectations and after 2.7% in November. The implementation of the Donald Trump program, considered to be inflationary, could make more uncertain The trajectory of drop in guiding rates “reports Milleis Banque Privée which adds that” consensus almost unanimously anticipates a maintenance of guiding rates at this meeting “.

Rémy Cointreau Trinque

On the other side of the other values, Rémy Cointreau stumbled by 7.4% after lowering its growth target for its year 2024-2025 enclosed next March.

In the other markets, the euro fell 0.1% against the dollar to 1.0418 dollars. Oil remains down. The March contract on the Brent de Mer of the North yields 0.2% to 76.35 dollars per barrel while the same maturity drops from 0.4% to 73.46 dollars per barrel.