The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)
The Paris Stock Exchange is down 0.16% in early trading on Friday, catching its breath and moving further away from its records before a measure of inflation in the euro zone.
The flagship CAC 40 index fell 12.84 points to 8,175.65 points around 9:20 a.m. On Thursday, it ended down 0.63%.
It lost 0.53% over the week but during the previous week, it had achieved the second best weekly performance of 2024.
Investors will continue to be interested in price developments, with the final estimate for April inflation in the euro zone on Friday. Investors have already been prepared with the publication of these same data for each of the countries in the zone throughout the week.
On Wednesday, inflation in the United States was in line with analysts’ expectations, and in decline, which relieved investors, who were confirmed in their expectations of a first cut in key rates from the American Central Bank for September.
In China, according to official figures released Friday, retail sales slowed to +2.3%, much less than expected by analysts – a symptom of a still difficult recovery in the world’s second largest economy.
And on Wall Street, prices ended in decline on Thursday despite a positive start to the session, which saw the three main indices set new records before falling back.
Engie maintains its objectives
The French energy giant Engie recorded declining results in a first quarter weakened by the drop in energy prices and a mild winter less conducive to heating, while confirming its objectives for 2024.
Engie recorded an operating profit (Ebit) down 3.2% on all of its non-nuclear activities of 3.7 billion. The action fell 1.90% to 15.48 euros, at the bottom of the CAC 40.
Scor unscrews
The reinsurer Scor announced on Friday a net profit of 196 million euros in the first quarter, down almost 37% year-on-year, but “in line with the expectations of the strategic plan”, the group indicated in a press release.
The stock fell 7.77% to 29.68 euros, even though it remains up more than 12% since the start of the year.
Big contract for Alstom
Rail manufacturer Alstom announced Thursday that it had signed a contract for “the design, financing, construction, operation and maintenance of the light rail system” between Haifa and Nazareth, in northern Israel.
The contract, which notably includes the “supply and maintenance of 54 Citadis tramways”, is estimated at “more than 700 million euros” for the share going to the French group, as part of the large-scale “NofiT” project. total of one billion euros.
The share fell 0.90% to 18.08 euros.
Euronext CAC40