(CercleFinance.com) – The Paris Stock Exchange benefited this Thursday morning from the relaxation of rates (post-PMI) and the Nvidia effect.
Clearly up this morning (the CAC gained 1.3% to 7343 pts), the CAC lost more than 100Pts on its ‘highs of the day’ to test 7.233 before recovering a little to 7.245Pts (stable): the end of the session looks uncertain as the Euro-Stoxx50 drops -0.4%
Wall Street does not really help to see clearly: the S&P500 climbs 0.1%, the Dow Jones +0.3%… and the Nasdaq crumbles by 0.1%: it would be more clearly in the red without the +4.5% jump from Nvidia, which is close to $500 (new record).
The Paris stock exchange remains supported by Danone (+1%) and Total (+0.8%) but volumes continue to melt since only 900MnsE were traded in 7 hours despite volatility of 1.5% intraday .
The bond markets are stabilizing after their sharp easing the day before (-15Pts): US T-Bonds remain perfectly stable around 4.2000% (the ‘2-year’ shows 5%) while the Fed is preparing to give up its rate hikes (and possibly lowering them in 2024).
The bond market is now awaiting Jerome Powell’s speech in Jackson Hole on Friday in hopes of finding further clues about the possibility of less restrictive monetary policy.
The Dollar still gains a few fractions against the Euro, towards 1.0830.
In the news of French companies, Engie announces that it has signed a firm agreement for the acquisition of 100% of Broad Reach Power, a company based in Houston (Texas) and specialized in battery storage activities, from investment funds EnCap and Apollo.
TechnipFMC announced Thursday that it has won a “significant” contract with TotalEnergies as part of the development of the Girassol oil field in Angola.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
