(BFM Stock Exchange) – The Parisian star index closes in sharp decline, while on Tuesday September 16, the meeting of the American federal reserve begins on Tuesday, September 16, which is expected to lead to the first rate drop of the year 2025. The euro has been changing at its highest level since September 2021 against the dollar.

End of series on the Paris Stock Exchange. Undacly in the first part of the session, the CAC 40 suddenly returned in the early afternoon, to end in a clear withdrawal from 1% to 7,818.22 points.

The attention of the markets is focused on the meeting of the American Federal Reserve (Fed) which started this Tuesday, and whose decision on its rates is expected the next day, on Wednesday.

The markets are convinced that the Fed will drop its key rates from 25 basic points (0.25 percentage points), given the slowdown in the job market and recent inflation figures without unpleasant surprises.

“In September 2024, the Fed had dropped its guiding rates of 50 basic points, due to drastic decrease revisions of the number of jobs, while observers did not anticipate such a movement a few weeks before. The Fed could be tempted to lower its rate of 50 basis points this Wednesday evening but if it does not do so, it should engage in a prolonged rate of rate,” said Bastien Drut, of strategy and economic studies at CPRAM.

The “studs”, that is to say the projections (and not the forecasts) of the Fed members will be closely monitored, with regard to the weakness of the job market. Like the question of the independence of the Fed, after the appointment by President Donald Trump of one of his economic advisers, this Monday, September 15.

Before, investors learned of retail sales for the month of August which proved to be more vigorous than anticipated by the market. They increased by 0.6% last month, more than expected by consensus (+0.2%).

Gondola’s head Vusegroup

On the values ​​side, VusionGroup rebounded by 13.7%, the specialist in electronic labels for physical businesses raised his 2025 forecasts after a first robust semester.

Guerbet, on the other hand, fell 23% after lowering its 2025 objectives, citing an opposing environment in France and the United States.

EXAIL Technologies dropped by 10.25% despite the publication of semi -annual increases in net progression and a record order book. The publication deemed a little short by the market has also been a pretext for profits on an action which has won more than 500% since the start of the year.

In the other markets, the euro has been at the highest since September 2021 against the greenback, at 1.1847 dollars. Oil is clearly increasing, due to fears about a supply disturbance after an attack on Ukrainian drones against Russian installations. The November contract on the Brent de Mer du Nord gains 1.5% at 68.48 Dollars per barrel while that of October on the WTI listed in New York climbed 1.9% to 64.53 dollars per barrel.