The Paris Stock Exchange ended in green on Friday, after the publication of a series of economic indicators in the United States, pending the imminent meeting in Alaska between presidents Trump and Putin on the war in Ukraine.
CAC 40 took 0.67% to 7,923.45 points, up 53.11 points. The day before, the star index of the Paris Stock Exchange had advanced from 65.37 points (+0.85%) to 7,870.34 points.
Throughout the week, he won 2.33%.
Investors are on the lookout for the slightest economic indicator in the United States to assess the effects of the customs duties that have been imposed by Donald Trump on the first world economy.
This Friday, they received contradictory signals.
Retail sales increased in July, for the second month in a row, in perfect compliance with market expectations, drawn in particular by the sale of cars and the furniture sector.
But US industrial production fell 0.1% over a month, while analysts’ consensus was stated on stagnation. And consumer confidence has paid up in August in the United States, contrary to market expectations.
These clues were published the day after the announcement of the inflation on the producer side (PPI) of July, much stronger than expected, which increased fears of a soaring prices due to customs duties, likely to prevent the American federal reserve (Fed) from lowering its rates.
However, “most investors continue to think that the Federal Reserve (Fed) will reduce its rates at least twice this year: in September, then in December”, comments with AFP Sam Stovall, of CFRA.
Another point of attention of the markets: “The Trump-Puttine Summit in Alaska, where the two leaders should discuss Ukraine”, but whose developments should not be known before the closing of the US markets (8:00 pm GMT), comment economists from Deutsche Bank.
“Even if an immediate breakthrough is unlikely, the summit will nevertheless be an important indicator for American-Russian relations and the war in Ukraine,” they continue.
The “face -to -face” meeting of Russian President Vladimir Putin and his American counterpart Donald Trump will be followed by a work meal, with their advisers. They will then give a press conference.
On the bond market, the return of the French loan at ten years reached 3.46%, against 3.47% the day before at the end. Its German equivalent, reference in Europe, reached 2.79%, compared to 2.71%.
Verallia gives in the field
The manufacturer of bottles and packaging in Glass Verallia, ex-Filiale of Saint-Gobain, sold 6.14% to 27.22 euros, the day after the announcement that the Brazilian investment company BWGI held 77.05% of its capital, after its OPA.
Euronext CAC40
Posted on August 15 at 6:22 p.m.
