In-article:

CAC40: up slightly in very small volumes


(CercleFinance.com) – The Paris Stock Exchange climbed 0.2%, around 6,535 points, in a market that remains neglected by investors
with less than 1.9 MdE exchanged since the opening, summer period obliges.

After the good news of the US inflation figures yesterday, investors learned in the early afternoon of a 0.5% drop in producer prices in the United States in July compared to the previous month. , according to the Labor Department. They rose just 0.2% excluding food, energy and commercial services, both rates below consensus.

Over the last twelve months, the rise in producer prices stood at 9.8% in raw data in July and 5.8% excluding food, energy and commercial services, after annual rates of 11.3% and 6.4% observed in June.

On the other hand, just like the previous week, weekly jobless claims increased during the week of August 1 in the United States, these amounting to 262,000, against 248,000 (revised figure) the previous week, according to Department of Labor figures.

The four-week moving average – which can be considered a better indicator of the underlying trend in the labor market – is also up, at 252,000 against 247,500 (revised figure) a week earlier.

Finally, the number of people regularly receiving benefits rose to 1,428,000 during the week of July 25 according to the most recent figures available, which represents an increase of 8,000 compared to the revised figure for the previous week.

In corporate news, SII published yesterday evening a turnover of 238 ME for the 1st quarter (ended June 30) of the 2022/2023 financial year, an organic increase of 27.5% compared to the 1st quarter of the previous year.

BIC has announced that it has signed an agreement in order to be able to acquire the entire capital of AMI (Advanced Magnetic Interaction), a French company specializing in augmented interaction technology.

Finally, Valneva fell by more than 3% in Paris, suffering one of the largest drops in the SBF120, sanctioned for a net loss doubled to 171.5 million euros for the first half of 2022, as well as a lowering of its annual forecasts.

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