2024-01-11 17:49:05
Published on: 01/11/2024 – 6:49 p.m. Modified on: 01/11/2024 – 6:47 p.m.
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The flagship CAC 40 index fell 38.46 points to 7,387.62 points. Over the first four sessions of the week, it lost 0.45%.
“It’s a mixed session” where “expectations of the first rate cut by the American central bank” (Fed) are reviewed following the publication of an inflation indicator in the United States, comments Florian Ielpo , economist at Lombard Odier AM.
The CPI indicator showed that US inflation started to rise once more last month. In detail, consumer prices increased by 3.4% year-on-year in December, compared to 3.1% in November. This is higher than market expectations, with the consensus expecting +3.2%.
Thus, “the certainty of a reduction in the Fed’s key rates in March has begun to erode,” adds Florian Ielpo, while the American monetary institution is trying to bring inflation back to a target of 2%.
Disgruntled small holders, questions regarding the future of the group, absent CEO: Casino shareholders (-1.89% to 57 cents) voted Thursday in Paris on the safeguard plan negotiated with creditors and buyers, at the price a drastic reduction in their share of capital.
The result of the vote, expected by Friday morning, leaves little doubt as the main stakeholders have already given their approval.
The Strasbourg police court on Thursday sentenced the company Bolloré Energy, a subsidiary of the Bolloré group, to a fine of 3,750 euros for breaching safety regulations on a high-threshold Seveso site. The Bolloré group fell 1.31% to 5.64 euros.
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