(BFM Bourse) – The CAC 40 is moving close to equilibrium this Thursday, while investors are awaiting the release of inflation in the United States this afternoon.
The Paris Stock Exchange applies the handbrake. The CAC 40 is sluggish, and fell 0.13% to 7,550.23 points at mid-session this Thursday.
The Parisian market is awaiting the release in the afternoon of inflation in the United States for the month of September, a statistic obviously closely followed as the American Federal Reserve began its cycle of easing of key rates last month.
Economists surveyed by the Wall Street Journal expect a rate excluding energy and food prices of 3.2% over one year.
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Airbus is making progress
Investors are also digesting the “minutes” (minutes) of the latest monetary policy meeting of the American Federal Reserve (Fed). This document “showed that all participants agreed to the September reduction and that a large majority of them supported the cut of 50 basis points (0.5 percentage points)”, comments Barclays. The bank anticipates two more rate cuts of 25 basis points this year from the American central bank.
On the value side it is the flat encephalogram. Societe Generale recorded the largest increase (+0.8%) in the CAC 40 while Edenred recorded the “strongest” decline (-1.9%).
Airbus rose 0.8% after announcing the delivery of 50 planes in September. Analysts and the market, however, fear that the aircraft manufacturer will be forced to once again lower its delivery target for the 2024 financial year.
On other markets, the euro fell 0.1% against the dollar to 1.0933 dollars. Oil is rising a little. The December contract on North Sea Brent rose 1.45% to $77.69 while that of November on WTI listed in New York advanced 1.6% to $74.39 per barrel.
Julien Marion – ©2024 BFM Bourse
