2023-09-29 16:46:51
The Paris Stock Exchange ended with a small increase of 0.26% on Friday, catching up at the end of the week thanks to inflation figures in the euro zone considered positive by investors.
The CAC 40 index gained 18.82 points to 7,135.06 points, losing its gains from the start of the session in the last hour before closing. The index had however posted an increase of more than 1.2% at the session’s peak.
On Thursday, the Parisian rating gained 0.63%, marking a rebound following five consecutive sessions of decline which pulled it to its lowest closing level since March, at the time of the banking crisis.
The two increasing sessions of the weekend did not succeed in saving the weekly balance sheet (-0.69%) of the CAC 40. During the month of September, the index lost 2.48%.
In the euro zone, the rise in consumer prices fell to 4.3% over one year, its lowest level in two years, following 5.2% in August. The figure is better than expected by analysts.
In the United States, inflation accelerated to 3.5% in August, according to the PCE index, a measure favored by the American Federal Reserve (Fed), but, excluding the volatile prices of energy and food, so-called core inflation slows to 3.9% over one year.
These figures are in line with or slightly below analysts’ forecasts, which reassures the markets.
In view of the data published on Friday, Charlotte de Montpellier, economist at ING, believes that “central banks will certainly maintain their high rates for a long time but they will probably not go higher than the current level”.
In response, rates eased on the bond market, following the highest levels in several years reached in the previous days.
The interest rate on the 10-year German state debt stood at 2.84% around 5:55 p.m., compared to 2.93% on Thursday, and the French equivalent was at 3.40% compared to 3.49%. THURSDAY.
Furthermore, the latest budget announcements in France and Italy this week have made investors tense.
Trigano pounces
Trigano, the producer of leisure vehicles, gained 8.90% to 128.50 euros per share, following publishing a record turnover, up 9.5%, for its staggered 2022/23 financial year.
Fnac benefits from an acquisition
The specialist in the distribution of household appliances, electronics and cultural products Fnac Darty announced Thursday evening that it had finalized the acquisition of the ten stores and the online store of MediaMarkt Portugal, a country in which it strengthens its number 2 position. share gained 3.85% to 23.20 euros.
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