(BFM Stock Exchange) – The Parisian index finished up 0.67% this Friday, August 15, signing a fourth consecutive increase. The market will turn its attention to the meeting between the Russian and American presidents, this Friday evening, before the Jackson Hole symposium next week.

The Paris Stock Exchange ended the week on a good note. The CAC 40, its main index, took 0.67% to 7,923.45 points this Friday, August 15.

Over the whole week, the CAC 40 returned to 2.33%. The Paris market was supported by rate drops on the share of the American Federal Reserve (Fed) in September. According to the CME Group’s Fedwatch tool, investors attribute a probability of 90.6% to a reduction of a quarter of a percentage point of the US central bank next month.

These speculations were fed during the week by data on online American inflation with expectations on Tuesday, as well as by a pressure stroke carried by the secretary of the Treasury, Scott besse, at the Fed, the next day. He estimated that the central bank should lower its rates by half a percentage at its next meeting.

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Jackson Hole next week

To return to this Friday session, the various American statistics of the day did not have a pronounced impact on the smooth running of the CAC 40. Retail sales increased by 0.5% over a month in July as expected by economists. Industrial production fell 0.1% over the same month, while the consensus compiled by Reuters awaited stability of this indicator.

The market will now turn its attention to Anchorage, Alaska, where Donald Trump finds his Russian counterpart, Vladimir Putin, on the occasion of a meeting whose official start is scheduled at 9:30 p.m. French time. The American president will try to establish an agreement to reach a ceasefire in Ukraine. Thursday, the White House resident evaluated the probability of a failure of this 25%meeting.

Next week, market operators will be particularly attentive to the Jackson Hole symposium, a sort of large gathering of central bankers, organized by the Fed.

“The President’s speech (Jerome) Powell on Friday will be at the center of attention, as investor expectations in terms of lower rates have increased since the publication of the disappointing report on employment at the beginning of the month,” said Deutsche Bank.

On the side of the values, the CAC 40 has generally evolved in green, the highest increases being signed by Teleperformance (+4%), Pernod Ricard (+1.7%) and Totalenergies (+1.7%).

In other markets, the euro resumes 0.5% against the dollar at 1.1707 dollars. Oil is decreasing. The October Brent of the Northern Sea contract loses 0.5% at 66.48 Dollars a barrel while that of September on the WTI listed in New York fell 0.7% to 63.56 dollars per barrel.