(BFM Stock Exchange) – The Parisian star index closes slightly decrease this Thursday, June 5 after the decision of monetary policy of the European Central Bank. The European monetary institution has made a new drop in its guiding rates, but its president hinted that she could take a break this summer in her monetary relaxation cycle.
The Paris Stock Exchange finally took its breathing this Thursday, June 5, when it was well ready to chain a third rise in rise. The CAC 40 fence in modest decrease of 0.18%, returning under 7,800 points to 7,790.27 points.
The European Central Bank (ECB) came to bring a little animation in the early afternoon. As expected by the market, European monetary insuitation has made a new direct rate by a quarter of a percentage point.
On the other hand, the comments of its president Christine Lagarde suggest that the ECB could take a break in its monetary easing cycle initiated in June 2024.
A break in sight?
“Christine Lagarde suggested that a chapter ended and that another was going to begin. She indicates that with this drop in rate, the ECB is ‘close to finishing a shock management cycle: Covid, Ukraine, Inflation …'”, explains Juliette Cohen, strategist at CPram.
“Unless trade tensions come back in force, whether at the end of the current break of 90 days or at another time, we think that the ECB will stick to a wait -and -see approach during the summer. It will take a little more time to understand if the current disinflationist risks are simply punctual or if they report a wider trend,” add the Ing economists.
Note in the geopolitical chapter, a “very positive” telephone interview between the American presidents Donald Trump and Chinese Xi Jinping was reported by the American president, on his social network Truth social. .
As for values, Pernod Ricard fell by more than 5% penalized by the American Brown-Forman, another group of spirits, which drops by 16% on the New York Stock Exchange in reaction to the announcement of dull forecasts for its current exercise. Rémy Cointreau fell 3.2%.
Believe took 10.5%, the course is wedging on the public withdrawal offer announced by the consortium holding more than 95% of the capital.
In other markets, the euro earns 0.2% against the dollar at 1.1437 dollars. Oil bounces after an encouraging call between American presidents Donald Trump and Chinese Xi Jinping. The August contract on the Brent de Mer du Nord gains 0.9% at 65.41 Dollars per barrel while that of July on the WTI listed in New York also advances from $ 63.39 to barrel.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.