(BFM Stock Exchange) – The CAC 40 lacks inspiration, pending the decision of the American Federal Reserve (Fed) which should, unless surprised, announce the first rate drop of the year 2025.
The Paris Stock Exchange is waiting. Its star index, the CAC 40 evolves slightly down at midday, this Wednesday, September 17, yielding 0.20% to 7,802.42 points.
Investors mainly retain their breath before the end of the monetary policy meeting of the American Federal Reserve (Fed). The central bank will make its decision to public at 8 p.m. A drop in rate of 25 base points (0.25 percentage points) is largely anticipated by the market.
“The markets largely anticipate a monetary relaxation of the federal reserve this evening, after data on employment signaling a significant slowdown in the United States. In addition to price stability, full employment constitutes a central mandate of the Fed, which suggests several rate reductions by the end of the year. The pace and the magnitude of the adjustments will however depend on the next macroeconomic data (inflation, GDP) “, advance Grégoire Kounowski, Investment Advisor at Norman K.
Well -oriented car equipment manufacturers
Before, European investors have learned of the final inflation figures in the euro zone, which came out stable in August, and is maintained at 2% over a year.
On the values ​​side, automotive equipment manufacturers are increasing up with Valeo (+4.9%), Forvia (+3.2%) and Opthubility (+3.10%).
On the other hand, a complicated session for GTT which drops by 5.4% after a note from Oddo BHF which lowered its course objective to 185 euros, while renewing its opinion in Surperformance.
Eutelsat Communications fell 3.4% while the independent AlphaValue design office degraded its opinion to buy to accumulate and also lowered its target of the title to 3.73 euros against 4.15 euros.
Maat Pharma further increased by 1.6% after earning more than 12% in reaction the publication of its half -yearly accounts.
On the other markets, the euro fell 0.2% against the greenback, to 1.1845 dollars. Oil is retreating. The November contract on the Brent de Mer of the North gives up 0.6% to 68.04 Dollars per barrel while that of October on the WTI listed in New York also fell from $ 64.11 to a barrel.
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