(BFM Bourse) – The CAC 40 is in balance ahead of the release of US inflation figures for the month of May, which will be revealed this afternoon.
After regaining a little risk appetite on Monday, the Paris stock market is back in “pause” mode ahead of the release of US inflation figures this afternoon. The CAC 40 advance is steady at 7250.35 points mid-session on Tuesday.
Market participants therefore avoid taking risks before the publication of the consumer price index, the main measure of inflation, for the month of May at 2:30 p.m. Economists surveyed by The Wall Street Journal expects a rate of 4% on an annual basis and a rate of 5.3% for the “core” figure, which excludes food and energy prices.
A publication that will be followed all the more as the Federal Reserve (Fed) begins a two-day meeting on Tuesday with a decision on its rates on Wednesday evening. For now, the market is based on the status quo. The European Central Bank (ECB) meeting follows on Thursday.
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Teleperformance in full rally
“Investors need to digest a busy week of inflation numbers and central bank meetings to test the soft landing thesis. [de l’économie, NDLR] which currently rules But the upcoming data is unlikely to be decisive,” judge Mark Haefele of UBS.
In terms of values, Teleperformance is currently having a third consecutive session of gains of more than 3% (+3.3%).
Saint-Gobain advanced 2.4% after announcing a deal to buy the company Building Products of Canada, which produces roofing shingles for the residential sector and wood fiber insulation panels, for about 925 million euros.
Ubisoft lost 1.4%, erasing some of its gains from the previous day (+3%) after the group held a conference that was seen as persuasive about its next big video game releases.
The euro rose 0.4% against the dollar to $1.0802. The oil contracts are going strong. The August North Sea Brent contract rose 2% to $73.32 a barrel. barrel, while the July contract for WTI listed in New York rose 1.8% to $68.33 a barrel. barrel.
Julien Marion – ©2023 BFM Bourse