2023-06-13 16:32:23
After rising 0.52% on Monday, the flagship CAC 40 index gained 40.45 points on Tuesday, ending at 7,290.80 points. This is its highest closing level since May 29.
The Parisian odds started strong, exceeding 7,300 points at the start of the session, before returning to equilibrium in the middle of the day. The publication of US inflation figures in May breathed new life into the index.
With inflation at 4.0% in May over one year, once morest 4.9% in April, the figures for American inflation “stick to expectations, in all compartments”, underlined Valérie Rizk, economist of Hugau Gestion .
Thus, “the American central bank has one more argument in favor of a pause” in the increase in its key rates at the end of its monetary policy meeting, which began on Tuesday and which will end following the Paris close on Wednesday, complete the Economist.
Depending on upcoming economic data, a further hike at the July meeting is possible, however, Rizk said, and the institution should wait until 2024 to start lowering rates from just above 0% in March. 2022 now at 5%.
On the bond market, ten-year government bond rates reacted little. For France, it stands at around 2.94%, once morest 2.91% on Monday.
Besides the Fed meeting, the European Central Bank (ECB) on Thursday and the central bank of Japan on Friday are also in the sights of investors.
Before the opening of the Paris session, the Chinese central bank for its part reduced, to the surprise of analysts, its key short-term interest rate. A measure to support the activity of the world’s second largest economy in a context of faltering post-Covid recovery.
Virtual reality for Ubisoft
The French video game publisher Ubisoft (-1.24% to 26.19 euros) announced Monday that a virtual reality version of “Assassin’s Creed”, one of the most popular series in its catalog since its launched in 2007, will be available by the end of the year.
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