The Paris Stock Exchange is expected to rise on Wednesday at the opening, rebounding from its losses the day before a few hours before the publication of a still eagerly awaited report on inflation in the United States.
The futures contract for the flagship CAC 40 index advanced by 0.40% around forty minutes before the opening of the meeting. On Tuesday, it fell 0.86%, to 8,049.17 points, its lowest closing level since March 11.
Many investors took refuge in assets considered the safest, such as government bonds, which allowed interest rates, which move in the opposite direction to bond prices, to fall after several sessions of increases. .
Investors, still tormented by the question of when the American central bank (Fed) will cut its rates for the first time and how many times in 2024, hope to find a little more answers thanks to the American CPI inflation report which must be published 2:30 p.m. (Paris time).
Economists are counting on a slowdown in American inflation in March compared to February, 0.3% over one month compared to 0.4% previously, but predict, on the other hand, an acceleration over one year, 3.4% compared to 3. 2%. A figure still far from the Fed’s target of 2% over one year.
Investors are increasingly doubting that the Fed will lower its key rates, especially since the economy across the Atlantic remains as strong as ever.
Nervousness is palpable among investors concerned about the possibility of higher than expected inflation figures, as was the case for the January and February figures, underlined Stephen Innes, analyst at Spi AM.
Among the values to follow
TotalEnergies: nearly 60 NGOs called on banks and investors on Wednesday not to participate via loans in providing new money to the company which is continuing its climate-killing strategy.
Airbus: the aircraft manufacturer delivered 63 new aircraft to its customers in March, a usual rate for this time of year despite its increase in pace, and recorded 137 orders over the month.