(CercleFinance.com) – The Paris stock market ends the session with a gain of 0.67%, to 7,373 points, buyers being encouraged by the slight decline in bond yields in Europe: our OATs erase -2.8 Pts, the Bunds erase -4.5Pt to 2.5210% and US T-Bonds erase for their part -8.5Pts towards 4.096%.
On the statistics front, US consumer confidence fell from 114 to 106.1 in August, while economists forecast 116 after the figure of 117 initially announced (1st estimate).
The index measuring the judgment of consumers on their current situation fell to 144.8, after 153 in July, while that of their expectations fell to 80.2 against 88 last month.
In its press release, the ConfBoard recalls that an expectations sub-index below the threshold of 80 points is a harbinger of a recession, a scenario that the organization continues to anticipate by the end of the year.
In addition, housing prices increased by 0.9% in the United States in June (in the first 20 American cities) compared to the previous month, according to the S&P CoreLogic Case-Shiller indices.
But in annual comparison, prices contracted by 1.2% in June, a drop which is however attenuated compared to that of 1.7% in May, with in particular increases observed in Chicago (+4.2 %), Cleveland (+4.1%) and New York (+3.4%).
Operators remain torn between the prospect of a rate hike in early November (consensus 60%) in the United States, and signs of a slowdown in the global economy that could lead central banks to ease the cost of money.
There is still one indicator on the menu today: the Conference Board’s consumer confidence index, which will measure the impact of the recent rise in gas prices on the morale of American households.
In the meantime, the Dollar crumbles a little against the Euro, -0.3% towards 1.0850.
In the news of French companies Lacroix published last night a turnover of 193 ME for the 2nd quarter, up 11.4% compared to the same period in 2022.
This morning, Voltalia announces the full commissioning of its new Portuguese Garrido complex, consisting of five solar power plants for a total capacity of 50.6 megawatts, the complex whose construction was launched in September 2022.
Technip Energies says it has won a “significant” contract (i.e. between 50 and 250 million euros in turnover according to its terminology) from bp for a hydrogen production unit in its Kwinana biorefinery, in Western Australia.
Freelance.com publishes revenue for the first half of 2023 of 419.4 million euros, up 10% year-on-year, organic growth of 18% in France more than offsetting a 4% decline in the international.
Finally, Alstom announces that it has inaugurated a site in Astana (Kazakhstan) aimed at producing and maintaining the bogies of all types of rail vehicles throughout their life cycle.
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