(CercleFinance.com) – After gaining almost 1.4% in the middle of the afternoon, the Paris stock market gave up part of its gains at the end of the day but nevertheless concluded the session with a significant increase of 0.8%, at 6,524 points.
The Parisian index benefits in particular from the shape of Stellantis (+3.1%), Publicis (+2.4%) or even Veolia (+2%), despite reduced volumes (less than 2.3 billion euros exchanged since the opening), characteristics of this summer time.
This dynamic is shared on the other European stock markets, the E-Stoxx50 and the DAX both gaining 0.8%, just ahead of London (+0.6%).
Investors, few in number in this period, seem to put aside the geopolitical tensions of the past week to focus on economic news, while being reluctant to take positions that are too clear-cut.
The CAC40 is also benefiting from a bullish wind from the United States where the S&P500 and the Dow Jones gain 0.5%, behind the Nasdaq which assumes nearly 0.8%.
For the past few weeks, global stock markets have been rocked by contradictory currents, torn between diverging economic signals.
While the outlook appears rather favorable for activity in the United States and for companies, investor enthusiasm is limited by growing expectations of an acceleration in inflation.
The fear of missing out (‘fear of missing out’, or FOMO) has nevertheless fueled successive waves of cheap redemptions, which have enabled the CAC 40 index to recover nearly 10% since mid-July .
For his part, Aurel BGC highlights the drop in world food prices in July, driven down by the price of cereals and vegetable oils.
The price of a barrel of Brent from the North Sea rose by almost 2%, towards $96, while the euro was practically stable against the greenback, at $1.0211.
In the United States, the publication this week of many figures relating to inflation could prove decisive for the trend by providing more information on the Federal Reserve’s next decisions.
Market players will notably take note, on Wednesday, of the latest inflation figures in Germany, then of industrial producer prices on Thursday in the United States.
In securities news, Claranova indicates that it has maintained stable turnover for the 2021-22 financial year (+1%) at 474 million euros, in an environment marked by the Ukrainian conflict and despite the ‘new challenges marketing in terms of customer targeting for its PlanetArt’ division.
Veolia announces the signing of a unilateral purchase agreement by which Macquarie Asset Management irrevocably undertakes to acquire 100% of the capital of Suez Recycling and Recovery UK Group Holdings Ltd, for approximately 2.4 billion euros.
Neovacs announces that it has entered into negotiations with Pharnext in order to support this biopharmaceutical company at an advanced clinical stage developing new therapies for neurodegenerative diseases without a satisfactory therapeutic solution.
Finally, Navya is announcing a new partnership in the United States with the Minnesota Department of Transportation, AECOM, and the city of White Bear Lake (Minnesota), for the deployment of a Navya Autonom Arma shuttle as part of a pilot project. for a period of one year.
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