2023-10-18 09:01:05
The Paris Stock Exchange is hesitant on Wednesday, digesting economic data while remaining cautious in the face of ongoing geopolitical tensions in the Middle East, while American President Joe Biden arrived in Israel for a solidarity visit.
The flagship CAC 40 index fell 3.84 points (0.07%) to 7,025.86 points around 10:20 a.m. On Tuesday, it finished close to balance, at 7,029.70 points, held back by a rise in interest rates on the bond market, fueled by stronger than expected data on American consumption.
Investors’ eyes also turned to China, where growth figures for the third quarter were published overnight, which slowed to 4.9% year-on-year, compared to 6.3% in the previous quarter.
On the macroeconomic agenda for the session, the markets will focus at 11 a.m. on the publication of September inflation in the euro zone.
Meanwhile, in the United Kingdom, inflation stagnated in September at 6.7% year-on-year, remaining at its lowest since February 2022 but seeing its decline halted by fuel prices, according to the Office for National Statistics (ONS).
Oil prices have been supported in recent days by concerns that the war between Israel and Hamas might spread to neighboring countries, “adding to fears that inflation will remain stubborn”, according to Hargreaves Lansdown analyst Susannah Streeter .
Worldline driven by market rumors
The payment specialist Worldline was up 5.38% at 24.48 euros around 10:20 a.m., benefiting from market rumors in the sector reported by the financial agency Bloomberg, according to which the investment fund CVC Capital Partners would consider an offer to buy Nexi (+15.22% in Milan), a group specializing in electronic payments.
Kering s’offre Creed
The luxury group Kering (Gucci, Saint Laurent, Bottega Veneta, etc.) announced on Tuesday that it had finalized the acquisition of the “haute perfume house” Creed. The amount of the operation has not been revealed but the British daily Financial Times mentioned in July the sum of 3.5 billion euros.
Its action climbed 0.78% to 412.70 euros.
Also in the luxury sector, LVMH gained 0.85% to 412.70 euros and Hermès 0.65% to 1,700.00 euros.
Pierre et Vacances “confident”
The Pierre et Vacances-Center Parcs group (+0.97% to 1.24 euros) announced on Tuesday an annual turnover for 2022/2023 up 10.8%, to 1.79 billion euros, and says it is “confident” regarding the delayed 2023/2024 financial year.
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