The Paris Stock Exchange down slightly for its entry into the heart of the results

The Paris Stock Exchange ended down slightly by 0.16% on Tuesday, digesting the first results of companies as the meeting of the American central bank begins.

The star CAC 40 index fell 11.89 points to 7,415.45 points. The day before, it had already fallen slightly by 0.07%.

The Parisian rating was up in the early morning, driven by its luxury stocks after new signals from the Chinese authorities for an economic recovery plan, but the momentum has run out of steam.

LVMH thus finally lost 0.42% to 854 euros, before the publication of its results having shown a jump in profits of 30% in the first half. The rise in mining companies, on the other hand, held, in particular ArcelorMittal (+2.40% to 25.83 euros).

On the macro-economic level, “the markets are holding up well, mainly thanks to the good resistance of the American economy,” said Alexandre Neuvy, analyst at Amplegest.

Consumer confidence in the United States rose more than expected in July, climbing to the highest level since July 2021, boosted by slowing inflation and a labor market that remains solid.

Investors now watch central bank meetings. The U.S. central bank began its meeting on Tuesday, at which it is expected to resume rate hikes, by a quarter of a percentage point, after a pause in June but also to be cautious about further hikes.

Dassault Systèmes does not convince

Dassault Système fell 4.96% to 38.05 euros, the worst performance of the Parisian flagship index, after its results.

The company recorded a net profit group share up 4% in the first half. However, this trend was overshadowed by “the deceleration of Medidata”, a company specializing in clinical trial monitoring software for the pharmaceutical industry acquired in 2019, “due to a reduction in the number of study start-ups across the sector” according to Stifel analysts.

Fewer orders for Alstom

The turnover of the French railway manufacturer Alstom increased by 4.7% in the first quarter of its staggered 2023/2024 financial year, but its order intake slowed sharply, down 30.8%.

Even if fears of smaller orders had already lowered the title, the action still returned 1.86% to 26.91 euros.

Acquisition at 3 billion for Thalès

The technology and defense group Thales fell 0.15% to 132.10 euros after announcing that it wanted to acquire the American cybersecurity company Imperva, valued at 3.6 billion dollars, to create a “world leader” in the sector.

Edenred down slightly

The French prepaid services company Edenred, parent company of Ticket Restaurant and entered the CAC 40 last month, lost 0.91% to 58.64 euros after reporting a “strong growth dynamic” by publishing results up sharply in the first half, thanks in particular to the acquisition of the Reward Gateway platform.

Elior less confident about its margins

The collective catering group Elior fell 12.20% to 2.49 euros after lowering its forecasts on Tuesday for its 2022-2023 financial year. “Our margins are temporarily impacted by higher start-up costs than initially expected on a limited number of new collective catering contracts in Italy and France,” warned Daniel Derichebourg, CEO of Elior.

Sodexo also lost 3.72% to 93.74 euros.

Rémy Cointreau against the current

The turnover of the Rémy Cointreau spirits group (Rémy Martin cognac, The Botanist gin) fell by 37% during the first quarter of its staggered 2023-24 financial year, weighed down by the difficulties of its cognac branch in the United States, but investors preferred to welcome (+ 4.16% to 151.60 euros) the dynamism of sales in China.