Undecided, the Paris Stock Exchange oscillates around equilibrium
The Paris Stock Exchange oscillates around equilibrium on Tuesday, investors remaining cautious before the publication of macroeconomic indicators and measuring the risk of default on payment by the United States.
The star CAC 40 index was up very slightly by 0.02%, at 7,419.99 points around 10:30 a.m., after having alternated slightly up and down since its opening. The day before, the Parisian rating had ended practically at equilibrium, at +0.05%.
“Equity markets have been trading in a tight range over the past few days, with little conviction one way or the other,” said CMC Markets analyst Michael Hewson.
“This situation is expected to continue over the next few days”, “despite positive signs that negotiations on the US debt ceiling are progressing”, he added.
The US government and financial institutions have been warning for several weeks about the risk of default that the United States runs from June 1, if no agreement is reached in Congress to vote on an increase in the debt ceiling. .
Republicans do not want to raise it for the moment without massive budget cuts, which Democratic President Joe Biden refuses.
The latter will receive again, at 3:00 p.m. local time at the White House (7:00 p.m. GMT), the four leaders of the Democratic Party and the Republican Party in Congress.
In addition to this big American file, “investors will watch the data relating to growth” in the euro zone in the first quarter, the monthly report on unemployment and employment in the United Kingdom as well as the barometer measuring the morale of investors in Germany.
Bouygues does not break the house
The French construction giant Bouygues appeared at the bottom of the CAC40 on Tuesday, its share losing 2.08% to 31.11 euros around 10:20 a.m., after the group announced Tuesday morning in a press release a stable net loss of 134 million. euros, linked in particular to financial elements.
Casino is struggling to recover
Thierry Blandinières, managing director of the InVivo group, main shareholder of Teract, in the running to take over Casino’s French activity, said on Tuesday that “a conciliator will be appointed on May 22”, which will offer “better visibility”. on the troubled distributor’s debt. The action of the Casino group lost 1.94%, to 6.58 euros.
Investment for Stellantis
The car manufacturer Stellantis announced Tuesday its entry to the tune of 33% in the capital of Symbio, a joint venture in the field of hydrogen fuel cells of the equipment manufacturers Michelin and Faurecia, which each also retain a third of the company. A news which was received moderately by the markets, the action of Stellantis losing 0.78%, to 14.78 euros.
The news, however, boosted the equipment manufacturer Faurecia, which experienced a sharp increase of 4.72%, to 19.74 euros per share, around 10:30 a.m.