(CercleFinance.com) – The heaviness is essential but the Paris Bourse limits the card and falls by -0.36% (to 6.653) against -0.5% around 5 p.m.
Volumes remain summery with 1.9bn at 5.29 p.m. then 2.95bn at closing (+ 1bn in arbitrage volume, ie more than 50% of technical exchanges).
The CAC40 fluctuated by 1% intraday, between the daily low tested around 9.45 a.m. (6.615) and a zenith of 6.675 recorded at 2.35 p.m.
The Parisian market therefore aligns this Tuesday with a 19th session of stagnation between 6,600 and 6,760 points … and no sign of support from buyers 48 hours before the session of the ‘4 witches’.
Complete stagnation of the Euro-Stoxx50, supported by the AEX which climbs + 0.75% and traces its historical zenith of 6 September.
For the second consecutive session, it is the luxury sector which alone weighs down the CAC (Kering at -2.75%, LVMH and Hermès at -1.8%) in a context marked by the persistence of the pandemic risk ( new health restrictions in Macao), by the acceleration of inflation or by the threat of a new China-United States trade war.
Wall Street disappoints again: after an opening up from + 0.2% to + 0.3%, the US indices are all in the red at mid-session: the Dow Jones loses 0.9%, the S & P500 -0 , 5% and the Nasdaq yields -0.3%.
A very unusual scenario within 48 hours of the ‘4 witches’, especially at the end of such a brilliant quarter punctuated by records of absolute records.
The US inflation figures published at 2:30 p.m. came out quite clearly below expectations.
The ‘CPI’ stands at + 0.3% compared to July (against + 0.4% expected) which gives an annualized rate of + 5.3% in line with expectations (against + 5.4% in July ) and the increase is only + 0.1% in ‘core’ data (excluding food and energy (against + 0.3% expected), which reduces the annual variation from -0.3% to 4.00% ( against 4.2% expected).
While the stock indexes welcomed these figures, the US bond market hesitated over the course of action between 2:30 p.m. and 2:45 p.m. before slackening significantly by -5.5Pts: 2031 T-Bonds fell back from 1.3480% to 1 , 27% (against 1.3250% Monday evening).
More and more economists doubt the transitory nature of inflation, we whisper at Kiplink, before recalling that ‘September has always been complicated and rarely bullish’.
In the news of French stocks, Safran continues to decline (-3%) and ends up red lantern of the ACC.
Air Liquide announces that it has carried out a bond issue of 500 million euros dedicated to the refinancing of its September 2021 bond maturity and to the sustainable financing of its long-term growth, under very competitive conditions.
Valneva (+ 8% after -41% the day before) indicates that it has finalized the recruitment of elderly people for the first cohort of its phase 3 trial, VLA2001-304, for its inactivated and adjuvanted vaccine candidate against Covid-19, VLA2001.
Bouygues announces the realization by its subsidiary Losinger Marazzi, of a real estate complex of 108 ME with the Maison de Retraite du Petit-Saconnex, in Geneva (Switzerland). The first homes will be delivered from the end of 2023.
Finally, iliad indicates that to date, the total number of shares held or intended to be held by HoldCo II – a holding company held by iliad founder Xavier Niel – has reached 85.23% of the capital of the telecoms operator. .