(BFM Stock Exchange) – The Parisian star index is apathetic at the mid -session of this Tuesday, September 2, opting for caution in a context of strong tensions on debt yield at 30 years.

The Paris Stock Exchange is oriented for the moment on an inexpensive session. The CAC 40 oscillates around its balance point at 7,708.84 points at midday on Tuesday, September 2.

On Monday, the Parisian star index had changed little, closing on a meager increase of 0.05% in the absence of the Wall Street compass, closed due to a holiday (Labor Day). American investors will return this Tuesday, after an extended weekend.

“Market players are waiting (…) impatiently the opening of the American markets,” comments Andreas Lipkow, an independent analyst quoted by AFP. “Due to public holidays, the European stock market had to do without commercial impulse of American stock markets”.

Sight on 30 years old

The operators remain attentive to the political situation in France less than a week before the vote of confidence in the National Assembly. “The resurgence of French political risk has fueled a movement of uncertainty at work since the announcement of the dissolution of June 9, 2024, source of market movements similar to those of today, but of larger extent,” remarks Olivier Raingeard, director of investments at Neuflize OBC.

The nervousness on the tricolor budgetary situation is reflected in the bond market. The yield of the French obligation at the time 30 years exceeded 4.50% this Tuesday for the first time since 2009, in the wake of the financial crisis of subprimes.

The loan rate at 30 years in the United Kingdom has been 5.67% at the highest since 1998. Investors are also worried about the country’s economic and budgetary situation.

The preliminary inflation figures in the euro zone were on the statistical program of the morning. They show a slight acceleration of consumer prices in August, with inflation at 2.1% over a year against 2% the previous month.

“Inflation is therefore close to the objective at the moment and should reach it in the medium term, according to the projections established in June by the services of the European Central Bank,” notes Bert Colijn Chief economist at ING.

“This publication is rather likely to consolidate the ECB in its ‘Wait and Watch’ approach (wait and observe) for its September meeting, especially since trade tensions appeared in August,” said Juliette Cohen, strategist at CPram.

Maneuvering analysts

On the values ​​side, the design offices were inspired this Tuesday and refined their recommendations on several heavy goods vehicles on the Paris coast. This supports the luxury compartment, and therefore by ricochet maintain the CAC 40 afloat. At the top of the Parisian star index, Kering increased by 4.2% followed by LVMH which earned 3.3% while HSBC noted his opinion of “keep” to “buy” on the two titles.

Technip Energies resumes 3% while JP Morgan takes over the coverage of the title to overlap with a price target of 47 euros.

In other markets, the euro drops 0.7% against the dollar at $ 1.1634. Oil rises while the market fears disturbances in the offer. The October contract on the Brent de Mer of the North earns 1.9% at 68.26 Dollars per barrel while that of September on the WTI listed in New York bounces 3% to 65.92 dollars per barrel.