(BFM Bourse) – The CAC 40 is in balance before the publication of inflation figures in the United States for the month of May, which will be unveiled this afternoon.
After regaining a little bit of a taste for risk on Monday, the Paris Stock Exchange is back in “pause” mode before the publication of inflation figures in the United States this afternoon. The CAC 40 advance is stable at 7250.35 points at mid-session on Tuesday.
Market operators are therefore avoiding risk-taking before the publication of the consumer price index, the main measure of inflation, for the month of May at 2:30 p.m. Economists surveyed by the Wall Street Journal anticipate a rate of 4% on an annual basis and a rate of 5.3% for the “core” figure, which excludes food and energy prices.
A publication which will be all the more followed as the Federal Reserve (Fed) begins a two-day meeting on Tuesday with a decision on its rates on Wednesday evening. For now, the market is banking on the status quo. The European Central Bank (ECB) meeting will follow on Thursday.
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Teleperformance in full rally
“Investors have to digest a busy week of inflation numbers and central bank meetings to test the soft landing thesis. [de l’économie, NDLR] which currently prevails. But the forthcoming data is unlikely to be conclusive,” judge Mark Haefele of UBS.
As for values, Teleperformance is for the moment having a third consecutive session of increases of more than 3% (+3.3%).
Saint-Gobain advances 2.4% after announcing an agreement to buy the company Building Products of Canada, which produces roofing shingles for the residential sector and wood fiber insulation panels, for around 925 million euros. euros.
Ubisoft lost 1.4% erasing part of its gains the day before (+3%) after the group held a conference deemed convincing on its next major video game releases.
L’euro advance of 0.4% against the dollar at 1.0802 dollar. Oil contracts are progressing strongly. The August contract on Brent from the North Sea rose 2% to 73.32 dollars a barrel while that for July on WTI listed in New York rose 1.8% to 68.33 dollars a barrel.
Julien Marion – ©2023 BFM Bourse
2023-06-14 00:48:54
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