CAC40: the index picks up for the weekend


(CercleFinance.com) – After a laborious start to the week (-3% between Monday and Wednesday), the Paris stock market has regained some color in recent days: after +0.5% yesterday, it arrogates a gain of 1, 87% today, at 7270 points, thus limiting its decline to 0.6% since Monday.

The trend is driven by the adoption, Thursday evening, of the extension of the US debt ceiling until 2025 but also by the publication of monthly employment figures in the United States.

Thus, investors learned today that the US economy generated no less than +339,000 non-farm payrolls in May, according to the Department of Labor (DoL), a number +100,000 higher than market expectations.

“Job gains were seen in professional and business services, administration, healthcare, construction, transportation and storage, and social assistance,” the DoL said.

It should be noted that the unemployment rate stands at 3.7% of the active population, up by 0.3 points, while the rate of participation in the labor force remained stable at 62.6%, and that the average hourly income increased at an annual rate of 4.3%.

In addition, job creations for the two previous months have been revised upwards, from 165,000 to 217,000 for March and from 253,000 to 294,000 for April, ie a total revision balance of +93,000 for these two months.

The dissipation of the specter of a payment default by the United States further encourages investors to return to risky assets in this last session of the week… and this slightly penalizes the bond markets which are deteriorating slightly with OATs which take +4Pts to 2.855%, Bunds to 2.31% (+6Pts), US T-Bonds which show +6.2Pts to 3.663%.
The dollar strengthened slightly against the euro, at $1.0725/E (+0.25%).

In the news of French companies, TotalEnergies announces that at the end of the subscription period, 52,602 subscribers in 94 countries, representing 45.8% of eligible employees and former employees, subscribed to the capital increase which was reserved, for an amount of 353.9 million euros.

In addition, TotalEnergies announces that it will return the land it occupies in Gravelines (North) to allow the future installation of EDF’s EPR2 reactors.

Carbios announced Friday the signing of a memorandum of intent with the Thai Indorama Ventures to form a joint venture dedicated to the construction of their joint bio-recycling plant.

Finally, on the occasion of World Water Day, Veolia announces the launch of its ‘Eco d’Eau’ system, the first collective action to help regions and industries cope with the scarcity of water resources.

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