(BFM Bourse) – The Paris Stock Exchange is on track to end this last session of the week down. The CAC 40 fell this Friday mid-session suffering from the poor shape of its luxury sector and Stellantis.
Back in time for the Paris Stock Exchange. The CAC 40 lost 0.81% to 7,333.53 points the day after its first session of 2025 which then ended with an increase. Thursday, the flagship Parisian index gained 0.18% to end its run near 7,400 points.
But for this last session of the week, the CAC 40 very clearly lacks inspiration and conviction, like Wall Street on Thursday, which started the year 2025 on a feverish note. The Dow Jones closed down 0.36%, the Nasdaq returned 0.16% and the S&P 500 index lost 0.22% on Thursday evening. The American trend was weighed down by Tesla (-6.1%), under pressure after announcing annual deliveries that were down and below expectations.
Manufacturing ISM on the program
Still on the other side of the Atlantic, investors will take note of the rare statistic on the program for this Friday, namely the ISM manufacturing index for the month of December. “Since the end of 2022, this index has contracted every month except one. Today's publication will tell us whether the modest optimism of the November index (48.4), higher than consensus, was justified or if it was simply a fluke The consensus leans in favor of the latter hypothesis (47.5 expected today)”, argue the ING economists.
“While the manufacturing sector is expected to remain in contraction, weaker than expected data could increase the likelihood of rate cuts aimed at supporting this key economic sector, potentially limiting the significant rise in the dollar,” said George Pavel of Naga. .com. For the moment, the markets are less optimistic than the specialist to the extent that the American Federal Reserve had signaled during its last monetary meeting of 2024 that it risked applying the handbrake on rate cuts next year .
Especially since the day before, operators took note of a decline to an eight-month low in weekly unemployment claims, confirming the solidity of the job market in the United States.
Stellantis stalls, luxury under pressure
On the value side, luxury remains poorly oriented after the publication of poor manufacturing statistics published Thursday in China, an important market for this sector. Kering drops 3.6%, LVMH returns 1.6% while Hermès loses 1.4% this Friday at mid-session.
Stellantis is among the biggest decliners in the CAC 40, stumbling 3.1%, as some of its electric vehicle models that benefited from a US purchase tax credit no longer feature in the new US government list.
Airbus returns a little less than 1%, while the aeronautical group would have narrowly missed its annual delivery target, despite a final push in December, according to information reported by Bloomberg.
On the foreign exchange market, the euro regained some color and gained 0.2% to 1.0286 dollars. On the oil side, it is taking its breath. The price of a barrel of Brent from the North Sea, for delivery in March, fell by 0.4% to 75.31 dollars, while its American equivalent, a barrel of West Texas Intermediate (WTI), for delivery in February, recovered. Also 0.4% to $72.83.
Sabrina Sadgui – ©2025 BFM Bourse
