(BFM Stock Exchange) – The Parisian index ends up 0.4% this Friday, May 16, and increased by 1.85% over a week marked by a de -escalation in the commercial confrontation between China and the United States.
The 8,000 points will not be reached this Friday, May 16. Nor even the threshold below, the 7,900 points which spin between the CAC 40 fingers. The index closes, however, up 0.42% to 7,886.69 points.
In net increases on the 7,900 points at midday, the Parisian star index led to the step in the early afternoon, after the publication of a disappointing American statistic. And not the least since it is that assessing morale of the American consumer.
In May, the American consumer confidence index fell to 50.8 points, according to a preliminary estimate of the University of Michigan. The consensus was more optimistic and envisaged a slight increase in this index around 53.5 points.
Over the whole week, the CAC 40 won 1.85%, after being encouraged on Monday by the truce on customs duties established between Washington and Beijing.
The end of the euphoria
“After a little euphoria following the announcement of the drop in prices between the United States and China, from prohibitive levels and the 90-day break to continue to negotiate, it seems that ‘fatigue’ wins risk taking,” said Xavier Chapard de LBPAM.
“This seems reasonable in front of the great uncertainties that still have to dissipate to apprehend the future imposed on us by the United States. The fact that the worst may have been avoided, does not mean that we come back to the world of yesterday,” he adds.
The recent encouraging inflation data in the United States has helped the markets continue to increase, notes Deutsche Bank. In particular the production price index, delivered Thursday, which proved to be “critical” according to the bank.
On the values, the CAC 40 was supported by the increases in Essilorluxottica (+3%) and Sanofi (+2.1%).
On the side of medium capitalizations, Bastide won 2.6% after giving vigorous growth in the third quarter of its offbeat exercise 2024-2025.
In other markets, the euro gives 0.4% against the dollar to $ 1.1144. Oil bounces. The July Brent of the North Brent contract takes 1.30% at 65.37 Dollars a barrel, while that of June on the WTI listed in New York earns 1.5% at 62.55 dollars per barrel.
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