(BFM Stock Exchange) – The flagship index of the Paris Stock Exchange ended up slightly increased this Thursday, April 24, during a session marked by a deluge of business publications. In addition, declarations of central bankers encourage markets to integrate possible rate drops from the American central bank.
The CAC 40 experienced a very lively session this Thursday, April 24. For the best in a certain way because if the Parisian index opened in a clear drop, it then evolved almost in a straight line to go back to the green in the afternoon and finish up 0.27% to 7.502.87 points.
The Paris market was able to be supported at the end of the session by the good resistance of Wall Street, the S&P 500 winning 1.3% shortly after the European fence.
The American clues are growing while investors phosphorus on potential dropping rate drops from the American Federal Reserve (Fed) following declarations of several of its members.
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The governor of the American central bank, Christopher Waller, spoke of the possibility of reducing guiding rates in the event that US customs duties cause dismissals from companies, according to words reported by Bloomberg. For its part, the governor of the Cleveland Fed, Beth Hammack, also mentioned from CNBC a drop in rates in June if the Fed has “clear evidence of the Directorate of the Economy”.
On the side of Europe, Olli Rehn, the governor of the Bank of Finland and member of the European Central Bank considered that a drop in rate of 50 points (0.5 percentage point) from the European institution should not be dismissed.
Stmicro and Renault carburent
The session was mainly led by an avalanche of business results for the first quarter, with good and less good.
On the positive side, Stmicroelectronics (+5.3%) delivered results and perspectives superior to expectations, Renault (+4.4%) managed to satisfy the market with online income with consensus and Air Liquide (+2.2%) expressed growth deemed “robust” by ODDO BHF and slightly above analysts.
Conversely, Dassault Systèmes (-5.1%) is punished for having slightly missing expectations and adjusted to the decline in its margin forecast for 2025, Thales (-3.8%) delivered command sockets significantly lower than consensus and BNP Paribas (-2.2%) published mixed results.
In other markets, the euro earns 0.4% against the dollar at $ 1.1364. Oil is sluggish. The June Brent of the Northern Sea contract loses 0.02% at 65.17 Dollars per barrel while the same maturity on the WTI listed in New York takes 0.05% to 62.30 dollars per barrel.
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