CAC40: crosses 6,550 points, Wall Street more hesitant


The Paris stock market ended the session by securing a gain of 0.45%, 6,557 points, a slightly upward trend that can also be found on other European stock markets, as evidenced by the E-Stoxx50 (+0.4 %), with Frankfurt +0.5% and London +0.3%.

New York is more hesitant, with an S&P500 +0.2%, a Nasdaq +0.3% but a Dow Jones -0.1%.

With the end of the results season, the day was marked by the publication of several leading statistics, which are always closely scrutinized by the markets.

Investors were thus able to find out today the annual inflation rate in the euro zone. This stood at 8.9% in July, against 8.6% in June, and that of the European Union at 9.8%, after 9.6% in June, according to Eurostat, which therefore confirms its end-July flash estimate for the euro area.

The lowest annual rates were observed in France, Malta (6.8% each) and Finland (8.0%) and the highest were recorded in Estonia (23.2%), Latvia ( 21.3%) and in Lithuania (20.9%).

In addition, in the United States, manufacturing activity in the Philadelphia region returned to the expansion zone in August, according to the local Fed index, which comes out at +6.2 for the current month, after fell -12.3 last month.

This strong rise in the index from one month to the next comes when economists on average hoped for an increase in the index only towards the -3.3 that it had posted for the month of June.

Finally, it should be noted that after two weeks of increase, weekly jobless claims fell slightly again in the week of August 8 in the United States, settling at 250,000, against 252,000 (revised figure) the previous week, according to Labor Department figures.

Finally, the index of leading indicators fell for the fifth consecutive month in July, the Conference Board announced on Thursday, a bearish series that reinforces the risks of a recession in the coming months.

This so-called ‘precursor’ index fell by 0.4% to 116.6 last month, after having already fallen by 0.7% in June.

‘Consumer pessimism and stock market volatility, as well as the slowdown in the job market, residential construction and industrial orders suggest that the weakness in activity will intensify and spread further. largely to the rest of the US economy,’ predicts Ataman Ozyildirim, director of economic research at the Conference Board.

It should be noted that the barrel of Brent from the North Sea gained almost 3%, around $96, and that the euro lost 0.5% against the greenback, at $1.0124.

In securities news, Valneva announces that the United States Department of Defense (DoD) has decided not to exercise the second annual option of the contract for the supply of its vaccine against Japanese encephalitis (JE) Ixiaro, judging its stocks enough for their current needs.

Parrot indicates that it has reached an agreement with AeroVironment, concerning the sale of its 47.2% stake in Planck Aerosystems, a company based in San Diego (California) in which Parrot had initially invested in 2016.

Onxeo announces that its Combined General Meeting has adopted all the resolutions presented by its Board of Directors, including the withdrawal of the shares from listing on the Nasdaq First North market in Copenhagen.

Finally, Alstom announced this evening that the Board of Directors of SNCF Voyageurs had approved an additional order for 15 new generation Avelia Horizon (TGV) very high-speed trains, for an amount of nearly 590 million euros.

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