(BFM Bourse) – The Parisian index is almost stable at mid-session this Tuesday. The outcome of the Bank of Japan’s monetary policy meeting did not provide any major clues about the Japanese central bank’s further intentions.
Without too much surprise, the Paris Stock Exchange is struggling to move forward, in the absence of huge indicators likely to influence its prices. The CAC 40 thus lost 0.02% to 7657.15 points this Tuesday at mid-session.
The main market meeting took place in Japan where the Bank of Japan kept its rates unchanged without giving clear indications on the continuation of its intentions, while the market begins to anticipate the end of its monetary policy hyper-accommodating.
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Virbac up sharply
“While consensus does not expect a policy change at this meeting, market reaction shows that the decision is being interpreted as dovish, reflecting some expectations that Bank of Japan members may have signaled a change in policy in the coming months”, develops Deutsche Bank.
The Nikkei 225 in Tokyo ended up 1.4% on Tuesday and the yen plunged 1.4% against the dollar.
Not much else to eat for the market, except inflation in the euro zone confirmed at 2.4% year-on-year in November, in a second estimate.
On the value side, Virbac signs a resounding increase of 11.5%, after once again raising its objectives for the 2023 financial year.
Sodexo dropped 0.6% while the company announced the separate listing of its subsidiary Pluxee on February 1 on the Paris Stock Exchange.
Legrand lost 1.8% while UBS went from “buy” to “sell” on the stock.
On other markets, the euro gained 0.1% against the dollar to 1.0940 dollars. Oil is losing ground. The February contract on North Sea Brent lost 0.1% to $77.90 per barrel while that of the same maturity on WTI listed in New York also lost 0.1% to $72.4 per barrel.
Julien Marion – ©2023 BFM Bourse