CAC40: concludes a volatile session in the green


(CercleFinance.com) – After alternating throughout the day between rising and falling, the Paris stock exchange ended the session with a gain of 0.44%, at 6,033 points, behind Frankfurt (+1.3%) and ahead of London (+0.2%).

The Parisian index is driven by Stellantis (+3.8%) and Publicis (+3.4%) but penalized by the decline in luxury stocks like L’Oréal (-3.9%) or Hermes (-1.4%).

Investors were able to take note of the long-awaited official report from the Department of Labor (DoL) on US employment in June.
The US economy generated 372,000 non-farm payrolls in June, according to the Labor Department. Jefferies anticipated 320,000 non-agricultural job creations and a decline in the unemployment rate to 3.5% in the United States.

The unemployment rate held steady at 3.6%, as expected by economists on average. The labor force participation rate stood at 62.2%, a level which remains 1.2 points below that of February 2020, and the average hourly income increased at a annual rate of 5.1%.

The US markets reacted timidly to this publication and progressed between 0.2% (S&P500) and 0.4% (Nasdaq).

In France, the trade balance showed a deficit of around 13 billion euros for May, compared to a deficit of more than 12.7 billion the previous month, according to CVS-CJO data from the customs administration.

For his part, Aurel BGC reports that according to the minutes of June 9 published yesterday, the members of the Governing Council of the ECB discussed the advisability of a larger increase in interest rates in July and showed themselves in favor of maintaining the possibility of larger increases at future meetings.

The ECB is thus moving towards a 25 bp hike at the end of July, followed by a potentially larger hike in September.

In this context, the price of oil is rising again around $106 (+2.3%), while the euro has gained 0.17% against the dollar and is now trading against $1.0183.

In the securities news in Paris, Eurazeo announces the completion of the sale to Safran of its majority stake in Orolia, a company specializing in R-PNT (Resilient Positioning, Navigation and Timing) solutions and applications.

La Française des Jeux announces that it has entered into exclusive negotiations with Aleda, with a view to acquiring this collection and payment solutions company present in more than 2,500 points of sale in France.

The agri-food group LDC announces sales of 1.34 billion euros for its first quarter of 2022-23, up 12.2% year-on-year (including +10.4% at identical scope and rate). constant exchange rate).

Groupe ADP has selected Lagardère Travel Retail as co-shareholder of the future joint venture Extime Duty Free Paris. Groupe ADP has launched a public consultation on its Duty Free & Retail activities for Paris-Charles de Gaulle and Paris-Orly airports.

Carrefour announces the signing of 11 new French organic channels with its agricultural partners for groceries and fruit & vegetables.

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