(BFM Bourse) – The Paris Stock Exchange closes moderately higher, the Parisian market having seen its progress slowed down in reaction to mixed American statistics. The CAC 40 gained 0.3% on Thursday evening, not without setting a new record in the process, as is customary in recent sessions.
Despite a less lively end to the run, the Paris Stock Exchange remains on its upward trajectory. The CAC 40 even set a new closing record at 8,161.42 points on Thursday evening, after pushing back its highest mark during the session to 8,218.07 points, at 12:23 p.m.
After having exceeded the symbolic milestone of 8,200 points, the flagship Parisian index reduced its progression, in reaction to a series of mixed macroeconomic data in the United States for the month of February. But it still gained 0.29%.
Retail sales were less robust than expected, with an increase of 0.6% last month, where the market expected an increase of 0.8%. It is above all the trajectory of producer prices, still for February, which has strained the markets. They grew at a faster rate than expected, 0.6% over one month and 1.6% over one year.
This new price data awakens fears of continued inflation a few days after consumer prices increased slightly more than expected.
“While financial markets are largely focused on inflation figures, data on economic activity continues to disappoint. American consumption is off to a poor start to 2024 and the Fed will probably soon have to worry about its second term , that is to say full employment, because conditions on the labor market are starting to deteriorate”, comments Bastien Drut, Head of Strategy and Economic Studies at CPRAM.
ID Logistics delivers a solid publication
On the value side, GTT returned 4.2%, after a share placement which marks the end of the process of disengagement from the capital of the energy group Engie.
Biomérieux contained its decline to 0.1% after publishing annual results in line with expectations.
ID Logistics Group rebounded by 5.7% following the presentation of sharply increased annual accounts in 2023. The Orgon-based group has maintained its profitability while continuing its active international development.
On other markets, the euro lost 0.6% to 1.0885 dollars. Oil rises sharply after the International Energy Agency revised upwards global demand for black gold in the first quarter. The May North Sea Brent contract rebounds 1.8% to 85 .58 dollars per barrel while that of April on the WTI climbed 2.3% to 81.53 dollars per barrel.
Sabrina Sadgui – ©2024 BFM Bourse