The Paris Stock Exchange ended up (+0.45%) on Thursday after a session with low trading volumes and dotted with mixed macroeconomic indicators.
After an early session around the balance, the CAC 40 index gained 29.08 points to 6,557.40 points. In the aftermath of a session that had erased the small gains accumulated since the beginning of the week, the weekly balance sheet of the index is back in the green by a short head (+0.05%).
The minutes of discussions from the last Fed meeting, the minutes, published after the Paris close on Wednesday, were unclear about the intentions of the American central bank (Fed), according to John Plassard, investment specialist at Mirabaud.
A few indicators were published during the meeting, but none gave a strong signal to the markets, half fig half grape and still focused on inflation and the Fed, adds Denis Ducatel, financial investment expert at Milleis Banque. .
In this context, news, even good for the economy, such as the increase in manufacturing activity in Philadelphia in the United States or the weekly drop in requests for American unemployment benefits, can be perceived by the markets as encouraging elements. central banks continue to raise their key rates.
Investors thus evolved Thursday without a catalyst to show them a clear direction, observes Mr. Ducatel.
In Europe, Germany, which is facing a drop in Russian gas supplies, has announced that it may not be able to meet its target, set by the government of Olaf Scholz, of filling its gas reservoirs with 85 % of their capacity on October 1.
Household energy bills are set to soar this winter and shortages will put whole swathes of German industry in difficulty.
On the French side, the gas storages were 80% full at the beginning of the month and the government had assured that they will be full on 1 November.
In a deteriorated macroeconomic context where the markets experienced a slight upward trend during the summer, we are reaching resistance, underlines Denis Ducatel. At the CAC 40 it seems that the market is struggling to go above the 6,600 point zone, he says.
This is due in particular to seasonality, whereas the month of August is marked by a lower volume of transactions. When all the investors come back, the changes should be clearer, adds Denis Ducatel.
Semiconductor market favorable STMicroelectronics
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Like other American and European titles of semiconductor producers destined for the digital industry (smartphones and computers in particular) and automotive, STMicroelectronics went up on the stock market on Thursday.
The title took 3.23% to 37.10 euros, at the head of the CAC 40. The manufacturer Broadcom climbed 3.89% New York around 6:30 p.m. (4:30 p.m. GMT) and NVIDIA took 2.74%. The German Infineon gained 3.87% Frankfurt.
John Plassard, investment specialist at Mirabaud observes that supply shortages of chips are easing.
TotalEnergies follows oil
At the end of a session where oil prices rose, TotalEnergies ended up 2.44%, 52.80 euros.