However,
Cac 40: boost president fed,:
(BFM Stock Exchange) – The Parisian index won 0.40% this Friday. Moreover, August 22, accelerating its earnings after the intervention of Jerome Powell who opened the door to Fed rate drops in September without however advancing too much.
The Paris Stock Exchange ends the week on a good note. However, The Parisian index took 0.4% this Friday, August 22, at 7,969.69 points. Furthermore, Over the whole week, the CAC 40 returned to 0.58%. Furthermore,
The Parisian index was supported by the remarks of the President of the American Federal Reserve (Fed), Jerome Powell. Additionally, Furthermore,
During his intervention much awaited by the market during the Jackson Hole symposium. Nevertheless, the central banker opened the door to a drop in rates next September, without firmly engaging on this path.
Jerome Powell recognized in his speech that the labor market was cac 40: boost president fed, facing increasing risks. Nevertheless, while noting that inflation was likely to maintain itself at higher level.
“If the labor market seems balanced. Furthermore, Nevertheless, it is a curious balance resulting from a marked slowdown in the supply and demand for workers. Moreover, This unusual situation suggests that the risks of lowering employment increase. Similarly, And if these risks are materialized. they can do so quickly,” said the central banker, according to words reported by Reuters.
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The euro flies away – Cac 40: boost president fed,
“The speech of the president of the Fed, (Jerome) Powell, in Jackson Hole, was more accommodating than expected, highlighting the risks of slightly larger decrease on the labor market,” sums up Deutsche Bank.
“We also feel in his speech a clear prioritization of the objective of full employment compared to that of stability of cac 40: boost president fed, the prices because undoubtedly for the first time. Jerome Powell explicitly indicated that the customs duties will have only a passing effect on inflation, with a ‘one-off’ (temporary) increase in the price level”, dissects for his part Bastien Drut de CPR.
“The president of the Fed. Jerome Powell, said that the stability of the unemployment rate and other indicators of the labor market allowed the Fed to act with caution in the examination of a possible change in its political orientation. To hear: a drop in rates of 25 basis (a quarter of percentage points, editor’s note) in September is likely. PLASSARD, investment advisor at Cité Gestion.
After Jerome Powell’s declarations. market operators are more confident in a drop in the EDF key rates at its next meeting on September 16 and 17. According to the CME Group’s Fedwatch tool, investors attribute a probability of 91.2% to a cup of cac 40: boost president fed, 25 bass points, a figure which was less than 70% before the speech of the central banker.
The increase in CAC 40 could be hampered by the rise of the euro. Following the statements of Jerome Powell, the dollar collapsed in the face of the European currency. The euro thus took 0.95% against the dollar at $ 1.1718 at the European fence. The rise of the single currency penalizes exporting groups as well as the profits of very present companies in. Moreover, the United States.
Wall Street at the party
More than Parisian square, Wall Street climbs strongly. At the European fence, the S&P 500 took 1.6% and the Nasdaq composite almost 2%, while the two clues only evolved light before the speech of Jerome Powell.
Among the other notable market reactions. the yield of the American debt title at 10 years fell on the bond market, evolving at cac 40: boost president fed, 4.256% against 4.325% before the speech of Jerome Powell. Gold resumes 1% at 3,416.80 dollars an ounce.
Oil is evolving little. The October contract on the Brent de Mer du Nord gains 0.4% at 67.96 dollars per barrel while the same maturity on the WTI listed in New York takes 0.5% at 63.86 Dollars per barrel.
Note. too, that US President Donald Trump threatened this Friday to “turn” Lisa Cook, one of the Fed governors, two days after calling for his resignation. This “possible dismissal” shows “a desire of the White House to regain control of the Fed by all means. ” notes Bastien Drut.
On the values side, most of the CAC 40 finished in the green, carried by the cyclical values. Stmicroelectronics won 4.7%, Stellantis 4.4% while luxury groups Kering and LVMH won 2.5% and 2.1% respectively.
Air Liquide, which has announced its greatest acquisition cac 40: boost president fed, in ten years with the acquisition of Korean Dig Airgas, fell 0.1%.
Julien Marion – © 2025 BFM Bourse
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