(CercleFinance.com) – The Paris Stock Exchange ended this last session of August with a decline of 0.65%, to 7,316 points, penalized in particular by Pernod Ricard (-6.7%) as well as by the decline in luxury stocks with LVMH (-2.7%), Hermès (-1.6%), L’Oréal (-1%) and Kering (-0.8%).
Over the past month, the Parisian index lost almost 2%.
Volumes – very small throughout the day with barely 2 billion euros traded a few minutes from the close – exploded in the last seconds to finally exceed 5.5 billion euros. Without however getting the CAC out of the rut.
Throughout the day, investors digested various statistics on both sides of the Atlantic. Thus, in the second quarter of 2023, the evolution of France’s gross domestic product (GDP) in volume is confirmed at +0.5% compared to the previous quarter, according to detailed data from INSEE.
In addition, consumer prices in France should increase by 4.8% over one year in August 2023, thus marking a significant acceleration after +4.3% the previous month (rise in fuel prices obliges), according to the estimate provisional carried out by INSEE at the end of the month.
Finally, in July 2023, French household consumption expenditure on goods increased by 0.3% over one month in volume, after +0.9% in June, according to data adjusted for seasonal variations and working days from l ‘Insee.
Agenda also loaded across the Atlantic with household consumption expenditure which increased by 0.8% in July compared to the previous month in the United States, according to the Commerce Department, an increase slightly higher than expected, for revenue growth of only 0.2%.
Furthermore, the PCE price inflation index stood at 3.3% year on year for July, thus accelerating compared to 3% the previous month. Excluding food and energy, core PCE rose from 4.1% to 4.2% month-on-month.
Employee income rose by +0.2% against +0.3% previously.
Finally, weekly jobless claims fell by 4,000 to 228,000.
Little reaction on the US bond markets: the ’30 years’ stands at 4.22%, the ’10 years’ remains unchanged at 4.11%, the ‘2 years’ tends slightly to 4.885%.
In Europe, the ten-year German Bund yield fell to 2.46%, the OAT to 2.97%.
On the foreign exchange front, the Dollar (+0.7%) erased its losses of the last 48 hours at $1.0850/E.
On the stock side, Eramet picked up +11% to 70.8E on the announcement of a resumption of manganese mining.
Pernod Ricard (-6.7%) publishes net income group share up 13% to 2.26 billion euros for its 2022-23 financial year, an increase linked to an 11% increase in its income current operating income (ROC), at 3.35 billion.
Eiffage lost nearly 2.8% the day after the presentation of net income group share up 10.7% to 392 million euros for its first half of 2023, but with an operating margin down by 0, 1 point at 9.7%.
Alstom announces today that it has successfully delivered the first trainset of the Bhopal-Indore metro project to Madhya Pradesh Metro Rail Corporation Limited (MPMRCL).
Neoen announces that it now has 3.3 GW of assets in operation or under construction in Australia, ‘confirming its leading position in renewable energies’ in the country where it has already invested, to date, more than four billion Australian dollars .
Finally, TotalEnergies EP Gabon resumed 5% the day after a 14.5% plunge against the backdrop of the coup in Libreville, although the oil group announced Wednesday evening a net profit of 17 million dollars for its second quarter. , down 23% from the first.
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