After eight consecutive sessions of increase, the Paris stock market suffered profit taking yesterday, in the wake of luxury stocks. The Parisian index finally ended sharply down 1.14% at 7,394 points, pending American inflation and the ECB’s decision on Thursday.
Unibail lost 3.05%, LVMH 2.54%, Schneider Electric 2.24%, Kering 2.21%, Safran 2.14% and Hermès 1.93%. However, automobile stocks held up. Stellantis gained 0.99%, Renault 0.78%, Pernod Ricard 0.49% and Crédit Agricole 0.46%.
The American indices also closed in the red, further penalized by technology stocks. The S&P500 lost 0.3% to 6034 points, the Nasdaq100 0.34% to 21368 points and the Dow Jones 0.35% to 44247 points.
This morning, the CAC40 fell by 0.1% in pre-opening.
Operators will take note of consumer prices at 2:30 p.m. then oil stocks at 4:30 p.m.
The consensus expects a CPI index to rise by 0.3% (0.2% last month), or an annual increase of 2.7% (2.6% previously). The Core CPI index is expected to increase by 0.3%, like the previous month.
In hourly data, the CAC40 index is beginning a consolidation movement. The first bearish objective remains set around 7350 points but breaking this level would open the way to 7282 points.
Belgium
