The Paris Stock Exchange gleaned 0.09% on Wednesday, setting new session and closing records, following the publication of a slight slowdown in inflation in the United States in March.
The star CAC 40 index gained 6.66 points to 7,396.94 points, after peaking at 7,463.67 points, its new all-time high. The day before, he had finished up 0.89% at the end of a session that allowed him to exceed his closing record more than a year old.
Inflation in the United States slowed to 5% year on year in March, doing better than expected, and thus stands at its lowest level in almost two years, according to the CPI price index.
Over one month, inflation came out at +0.1%, against +0.2% forecast, and after +0.4% the previous month.
However, underlying inflation – which excludes volatile sectors such as food or energy – remains tenacious, warn analysts: it rose to 5.6% over one year, against 5.5% in February.
“Core inflation is still showing signs of persistence, but the trend is probably down,” said Christophe Boucher, Chief Investment Officer of ABN AMRO Investment Solutions. “Much will depend on the evolution of rents in the spring and summer,” he adds.
These figures fuel the idea that the American central bank, the Fed, could soon stop raising its rates to tame inflation.
“The markets believe that a rate hike by the Fed is still scheduled for the beginning of May,” confirms Mr. Boucher. “But it could be the last.”
In an interview granted to the Börsen-Zeitung, the member of the ECB Council Robert Holzmann estimated for his part that inflation had not yet been broken in the euro zone and advocated further significant increases in key rates, including an increase by 50 basis points in May.
On the values side, Vivendi, which according to La Lettre A has made a commitment to the European Commission, for two years, not to plunder the catalog of authors of Editis, the publishing group it is in the process of selling , gained 1.42% to 9.45 euros. That of Largardère, of which Vivendi holds the majority of the capital, took 3.93% to 22.50 euros.
The French search engine Qwant, a former star of French Tech for a long time supported by the state, is being acquired by Octave Klaba, founder of OVHCloud. The amount of the transaction was not disclosed. OVH rose 2.65% to 11.23 euros.