(BFM Bourse) – The Paris Bourse wishes to end this stock market week in good spirits after having chained six sessions in the red. The Paris market rose by 0.5% pending the publication of US employment figures for August this afternoon.
With its rebound of the day, the Paris Bourse is trying to put an end to a series of six sessions in the red. The star index in Paris had lost nearly 1.5% on Thursday evening, investors were then worried about the state of health of the Chinese economy after the publication of a poor activity indicator in the country.
The CAC 40 thus rose by 0.53% to 6,066.09 points on Friday, losing a bit of enthusiasm to compare with its highest in the session at 6,090.05 points (+0.92%) reached shortly after 10:30 a.m. Investors are eagerly awaiting the release of the US jobs report scheduled for this afternoon at 2:30 p.m. Robust August jobs data could support the US Federal Reserve in a third straight sharp rate hike to fight inflation.
In Europe, investors learned earlier in the morning of an acceleration in producer prices in the euro zone for the month of July. They rose by 4.0% over one month and 37.9% over one year in July. In this context, the European Central Bank will also be expected to turn in its response to control higher inflation.
Oil prices recovered on Friday after a tough week ahead of the OPEC+ meeting of oil exporters. The barrel of Brent from the North Sea for October delivery rose 2.5% to 94.46 dollars while WTI for September delivery rose 2.7% to 88.68 dollars.
Flows of buyers on Saint Gobain after the disposals
On the values front, Saint Gobain rose by 2.30% after the announcement of the sale of its “Crystals and detectors” activity and that of glass processing sites in the north-west of France. The French building materials champion has been increasing sales for several months as part of its strategic plan called “Grow & Impact”.
Oil stocks are recovering in the wake of the rise in oil prices: TotalEnergies appreciates by 2.2% while Technip Energies progresses for its part by 1%.
On the side of more modest capitalisations, Abivax soared by more than 11%, the biotech reassuring the market by securing crucial financing.
Europlasma grew by more than 12%. Its subsidiary Intertam announces that it has concluded a framework agreement with the Algerian company SO.GE.B.ZRITA, which specializes in asbestos removal.
On the foreign exchange market, the dollar retreated against the euro before the publication of the American unemployment figures in August, the euro trading at 1.0008 dollar (+0.6%). The greenback took full advantage of its status as a safe haven, reaching records against many currencies, including the yen, which plunged against the dollar to its lowest level in 24 years.
Sabrina Sadgui – ©2022 BFM Bourse