(BFM Stock Exchange) – The Parisian index is evolving close to balance at the mid -session of this Wednesday, August 20, the drop in tech values observed at Wall Street on Tuesday not spreading in Paris. Market attention will now turn to Jackson Hole.

The CAC 40 remains in contact with the 8,000 points. The Parisian index is hardly evolving at mid-session, taking 0.14% at 7,990.05 points.

The big barometer of the Paris Stock Exchange does not really suffer from the decline observed the day before Wall Street, where the Nasdaq Composite fell by 1.5%, weighted by the withdrawal of groups exposed to artificial intelligence (IA), like Nvidia (-3.5%).

“Investors have reduced their exhibition to the sector, fearing that the spectacular increase started in April was too fast and too marked,” judges John Plassard de Cité Gestion.

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Danone at the head of the CAC 40

“Technological actions were under pressure yesterday, carried out by the flagship values of the AI, Palant and Nvidia, while investors fear that the technological rally will experience a withdrawal/a correction with the constant arguments of valuation in the foreground”, observes for its part Dan Ives.

Investors will now turn their attention to the Jackson Hole symposium, a sort of large conference of central bankers organized each year in Wyoming by the American Federal Reserve (Fed). Its president, Jerome Powell, will deliver a long -awaited speech on Friday.

On the side of the values, Danone signs an increase of 2.6%, the strongest increase in CAC 40, while Elelormittal abandons 1.8%, the most pronounced withdrawal.

In the wake of the decline in IA values to Wall Street, Legrand and Schneider Electric, two values exposed to the theme of AI via their products for data centers, moderate their declines at 1.16% and 1.5% respectively.

In the other markets, the euro is stable against the dollar at $ 1.1651. Oil is progressing a little. The October contract on the Brent de Mer du Nord advances $ 1% to $ 66.48 per barrel while the same maturity on the WTI listed in New York wins $ 63 per barrel.