(BFM Bourse) – The Paris Stock Exchange gave in to caution this Tuesday, with the CAC 40 losing 0.67% to 8,141.45 points.
Backtracking for the Paris Stock Exchange, which opted for a wait-and-see position after rather cautious comments from certain members of the American Federal Reserve concerning the trajectory of prices in the United States.
The CAC 40 therefore lost 0.66% to 8,141.46 points, in low volumes since 2.7 billion euros were exchanged during the day.
Like the day before, the agenda was sparse. It will expand throughout the week with speeches from other members of the American Federal Reserve. These interventions will give some indications to investors looking for signals on the future intentions of the Fed regarding its monetary policy. On this subject, the American institution will publish on Wednesday its report of its last monetary policy meeting: the famous Minutes.
On Wall Street, the main equity indices move in scattered order. At the close of the European stock markets, the Dow Jones rose by 0.1% while the S&P 500 and the Nasdaq were stable before the publication of Nvidia’s accounts on Wednesday evening after the market.
Clariane looks to the future
In Paris, the news was also sparse on the business side. On the CAC 40, Sanofi, in decline at midday, finally closed up 0.9% while the pharmaceutical group announced on Tuesday a collaboration with OpenAI (the creator of ChatGPT), to use artificial intelligence in drug development.
Excluding the flagship index, Clariane continued its rise, and gained 7.6% after peaking at 23% at the start of the session. The retirement home operator announced its roadmap for 2023-2026, a few days after revealing capital increase operations intended to strengthen its financial structure.
Carmila increased by 3.5%, supported by an increase in recommendation from Citigroup, which went from sell to buy with a price target also raised from 11 euros to 19 euros.
Atos gives up 1.20% while Daniel Kretinsky will improve his offer to take over Atos in order to convince recalcitrant creditors, according to information from BFM Business.
On other markets, the euro is almost stable at $1.0855. Oil prices are falling sharply. The July North Sea Brent contract is down 1.5% to $82.47 per barrel, while the June WTI contract is down 1.4% to $78.19 per barrel.
Sabrina Sadgui – ©2024 BFM Bourse