(BFM Bourse) – The Paris Stock Exchange closed at a new high Friday evening, despite some disappointments in recent inflation indicators. Over the week, the CAC 40 increased by 1.70%.
The Paris Stock Exchange closes an almost perfect week. The CAC 40 finished on the edge, in positive territory (+0.04%) at a new closing peak at 8,164.35 points, after an incursion on 8,200 points, a threshold that the Parisian index had crossed for the first time. times Thursday.
The CAC 40 therefore has four sessions of increases out of five, since Monday’s session ended with a symbolic decline of 0.10%. Over the whole week, the major Parisian barometer therefore rose 1.70%.
Some American statistics punctuated the afternoon, including the consumer confidence index from the University of Michigan. The index contracted against all expectations to 74.5 points in March in preliminary data, where a slight increase to 77.1 points was expected by consensus after 76.9 points in February. American industrial production for the month of February increased slightly by 0.1%, which is in line with expectations.
The market has therefore opted for caution, after these mixed data which end a busy week in this area. Already on Tuesday, American inflation measured by the consumer price index had reserved its share of good and bad surprises. The figure came out higher than expected but inflationary pressures were subsiding on the housing cost side. On Thursday, the producer price index, a leading indicator of inflation in the United States, turned out to be stronger than expected by economists.
While this data on inflation obviously leads investors to rack their brains a little about the next rate cut by the American Federal Reserve (Fed), the market will perhaps know a little more next week. The Fed will indeed hold its monetary policy meeting on Tuesday and Wednesday.
Euroapi in turmoil
On the values side, Euroapi has renewed its subscription to stock market gamblers. The former Sanofi subsidiary fell 17.5%, after shutting down a production site in Italy and suspending its objectives for 2024.
ID Logistics lost 4.3% while Stifel lowered its advice to “hold” on the value, judging that all the good news is now integrated into the price.
On the rise side, Exclusive Networks further increased by 4.4% the day after an increase of 8.9%, while Permira, its majority British shareholder since 2018, would consider a takeover of the French cybersecurity specialist, reported Reuters on Thursday citing sources familiar with the matter.
On other markets, the euro is stable against the dollar at 1.0888 dollars. Oil takes a break after its rebound the day before. The May contract on North Sea Brent nibbles 0.04% to 85.45 dollars per barrel, while that of April on WTI listed in New York symbolically gives up 0.1% to 81.21 dollars per barrel. .
Sabrina Sadgui – ©2024 BFM Bourse