(CercleFinance.com) – The Paris Stock Exchange ends this last session of the week (but also of the month and the quarter) at 8,205 points, in perfect balance (+0.01%), well helped by the dynamics of values stock markets with +2.3% for Société Générale, +1.8% for Bnp Paribas or even +1.7% for Crédit Agricole. The biggest increase of the day was from Eurofins Scientific which gained +2.9%.
At the end of the morning, the Parisian index briefly touched 8,254 points – a new absolute intraday record which allowed it to test the symbolic threshold of 8,250 points, its long-term objective – before gradually giving way. all of his winnings until the final gong.
Paris has gained nearly 0.6% since the start of the week, a gain which is even close to 9% since the start of the year.
Before the long Easter weekend – Western markets are closing shop this evening and will not reopen until Monday for Wall Street and Tuesday for European markets – investors have discovered the latest estimate of US GDP growth in the 4th quarter: it is revised upwards by +0.2% and stands at 3.4% at an annualized rate, according to a third estimate from the Department of Commerce.
Furthermore, the Department of Labor announces 210,000 new registrations for unemployment benefits in the United States for last week, a figure down by 2,000 compared to the revised figure of the previous week (212,000 instead of 210,000).
The four-week moving average – more representative of the underlying trend – stood at 211,000, a drop of 750 compared to the revised average of the previous week.
Finally, the number of people regularly receiving compensation increased by 24,000 to stand at 1,819,000 during the week of March 16, the most recent period available for this statistic.
The University of Michigan consumer confidence index finally improved in March, according to the final results of the University of Michigan monthly survey released this Thursday: it rose to 79.4 (at instead of 76.5 announced in the preliminary version) after 76.9 in February.
It is the component of consumers’ judgment of their current situation which has particularly progressed, to 82.5 against 79.4 in February, while the sub-index measuring their expectations recovered to 77.4, after 75. 2 last month.
These results above all show a deterioration in consumers’ inflation expectations over a one-year horizon, now estimated at 2.9% instead of 3% last month.
Tomorrow, while the markets are closed, the United States PCE index could also ease or reinforce concerns about the awakening of inflation.
In this context, T-Bonds stabilize at around 4.198% and the euro falls slightly against the greenback, by -0.15% to $1.079/E (-0.1%) and ‘Brent’ oil (+ 1.2%) ends the quarter at the zenith at $87.4 in London.
In company news, Trigano posts turnover for its first half of 2023-24 up 18.4% to nearly 1.91 billion euros, sales for the second accounting quarter (+17 .8%) confirming the trend observed since the start of the financial year.
Following on from its announcement the day before, Renault Group indicates that it has sold 99,132,100 Nissan shares to Nissan, representing approximately 2.5% of the Japanese’s capital, a sale resulting in a positive cash flow of 358 million euros.
Viel & Cie publishes for 2023 a net profit group share (RNPG) up 33.4% to 98.1 million euros and an operating profit (including associated companies) up 25.8 % to 172.1 million.
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