Third session without dynamism on the Paris Stock Exchange
The Paris Stock Exchange ended close to balance (-0.09%) on Wednesday, its third session of stagnation in a row, against a backdrop of global wait-and-see attitude on all the markets which are scrutinizing the evolution of negotiations around the American debt. .
The star CAC 40 index fell 6.57 points to 7,399.44 points. The day before, it had fallen by 0.16%, after rising 0.05% on Monday.
“The focus of investors this week is really on the negotiations around the American debt”, underlines with AFP Clémence de Rothiacob, manager at Richelieu Gestion.
The United States risks default at the beginning of June if no agreement is reached to raise the country’s debt ceiling.
The expert points to “significant progress, even if the discussions remain difficult”.
This sword of Damocles, combined with a sluggish economic situation and uncertainties around the evolution of interest rates in the months to come, are factors that place the markets in a floating atmosphere, without a clear trend.
On the bond market, the interest rate of the French 10-year loan fell slightly after its sharp rise on Tuesday: it was worth 2.91%, against 2.93% at the previous closing. The two-year equivalent rose from 2.84% to 2.89% between Tuesday and Wednesday evening.
Clémence de Rothiacob struggles to see real catalysts for the markets to regain dynamism, unless there are big surprises on “the economic recovery in China, the Sino-American tensions or the policy of the Fed”.
In France (excluding Mayotte), the unemployment rate remained stable in the first quarter, at 7.1% of the active population, the estimate for the previous quarter having been slightly lowered (-0.1 point), according to the published figures. Wednesday by INSEE.
Elior shares fell 22.82% to 2.98 euros after half-year results that the catering group still lost money, particularly due to its debt. The company also revised its outlook to the lower end of the initial range.
The recycling specialist Derichebourg, which took control of Elior in April, remained stable (+0.09% to 5.53 euros).
Ubisoft in loss
The French video game publisher Ubisoft, penalized by the postponement of the launch of several big games, tipped into the red in 2022-2023, with an annual net loss of 494.2 million euros, he announced. Tuesday. The action fell 1.14% to 25.11 euros.