(BFM Stock Exchange) – The Parisian star index clearly progresses at mid -session this Monday, September 15. Fitch’s decision to lower the rating of the tricolor debt last Friday had indeed already been integrated by investors. The market now has its eyes on the Fed and its monetary policy which is expected to lead to a drop in rate.

The Paris Stock Exchange keeps the pace, after winning almost 2% over the whole of a perfect week. Its star index, CAC 40, bounces 0.95% to 7,897.81 points, at mid-session of this Monday, September 15.

Investors took note of the lowering on Friday, September 12, of the tricolor debt note by the Fitch agency. The rating agency has motivated this degradation with regard to persistent political instability and budgetary uncertainties which contradict the sanitation of its public accounts in pitiful state.

This Monday, the interest rate from which France borrows at 10 years on the markets was around 3.50%, as much as Friday evening since investors had already integrated this degradation.

The Paris market prefers to focus on the main meeting of the week, namely the meeting of the American Federal Reserve, which is expected to lead to the first rate drop of the year 2025.

In any case, it is the bet of investors who expect the monetary institution to lower its 25 basis rates (0.25 percentage points) at its meeting on September 17. According to the CME Group’s Fedwatch tool, they attribute a probability of 94.5% to this scenario and even 5.8% for a drop of 50 base points.

These expectations have been reinforced by a series of statistics showing a slowdown in the American job market. The acceleration of production prices in August announced last week, did not question this scenario since it was in line with the expectations of the market.

Stock market spark for Rubis

Rubis jumped 8.7% on press information evoking a potential interest of the CVC fund but also of the Swiss oil merchant Trafigura Group for a buyout of the company specializing in the distribution and storage of liquid energy products.

Kering won 3.3%, on this back to school day for Luca de Meo, the former Renault Qqui driver officially takes up his duties as general manager of the Gucci parent company.

Virbac, on the other hand, decreases by 4.3%, the market sanctioning the half-yearly results published by the veterinary laboratory Friday evening after-Bourse.

In the other markets, the euro earns 0.1% in the greenback at $ 1.1751. Oil is progressing. The November contract on northern Brents gains 0.4% at 67.24 Dollars per barrel while that of October on the WTI listed in New York climbed from 0.5% to 62.98 Dollars per barrel.