(BFM Bourse) – The CAC 40 ended in a slight decline this Thursday, falling into the red following the publication of American inflation figures. Publicis saw its third quarter activity being praised by the market.
A session without much relief for the Paris Stock Exchange ended this Thursday. The CAC 40 ended down 0.37% at 7104.53 points.
The Parisian index rose for a good part of the day but fell into the red following the publication of American inflation figures.
Nothing catastrophic in reality. Inflation in September reached 3.7% year-on-year, stable compared to the previous month, but a little above the consensus (3.6%). The “core” index, excluding energy and food prices, is up 4.1% over one year, this time in line with economists’ expectations.
“Overall, there is nothing to convince Fed officials to raise rates at the next policy meeting, and we continue to believe that a decline “faster inflation and weaker economic growth will result in a much more aggressive rate cut next year than markets expect,” concludes Capital Economics.
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Publicis at the top of the CAC 40
The market also digested the minutes of the Fed’s latest monetary policy meeting. This document showed that Fed members “and their collaborators are increasingly optimistic about their ability to bring inflation back to the 2% target while achieving a soft landing” of the economy, notes Barclays .
On the business side, publications are continuing their course. The pleasant surprise of the day is to be noted from Publicis, which took the lead in the CAC 40 (+4.66%), the advertising group having delivered solid figures on the occasion of the publication of its activity in the third quarter, this Thursday morning.
On the other side of the spectrum, Orpea lost 11.7%. The retirement home operator has revised its profitability forecast downward for 2023, after half-yearly accounts still weighed down by an increase in its operating costs.
Ubisoft regained 6.5% supported by a reassuring message from the group on the new Assassin’s Creed.
Eurobio Scientific gained 13.85% thanks to half-year results better than expected by the market.
On other markets, the euro lost 0.6% against the dollar at 1.0559 dollars. The oil is regaining color. The December contract on North Sea Brent rebounded 1.5% to $87.09 per barrel, while that of November on WTI listed in New York gained 1.3% to $84.61 per barrel.
Julien Marion – ©2023 BFM Bourse